Comstock Stock Price, News & Analysis

Comstock Fuels , a subsidiary of Comstock (NYSE American: LODE), has established its headquarters in Northwest Oklahoma City, securing the first $1 million of a $3 million grant from Oklahoma's Quick Action Closing Fund. This strategic relocation supports the company's expansion plans and development of renewable fuel facilities in the state.

The company plans to build its first 75,000 metric ton per year commercial demonstration facility in Oklahoma, focusing on producing cellulosic ethanol, gasoline, renewable diesel, sustainable aviation fuel (SAF), and other renewable fuels using proprietary biomass refining solutions. The remaining $2 million in grants will be disbursed as the company meets specific milestones, with the second payment triggered upon securing a location for the demonstration facility.

Comstock Fuels has executed an agreement with Hexas Biomass, securing exclusive rights to Hexas' intellectual properties in liquid fuels applications. The partnership combines Comstock's Bioleum refining technology, capable of producing up to 140 gallons per dry metric ton of feedstock, with Hexas' high-yield energy crops that can produce 25-30 dry metric tons per acre annually.

This combination enables production of approximately 100 barrels of fuel per acre per year, significantly outperforming traditional biofuel sources like soy and corn. The agreement includes a $500,000 strategic investment from Comstock into Hexas and plans for a joint development agreement. Comstock plans to demonstrate these capabilities at a 75,000 metric ton per year commercial facility in Oklahoma, including a 5,000-acre fuel farm using Hexas energy crop technologies.

Comstock Inc. (NYSE: LODE) released a shareholder letter outlining its transformation from a junior mining company into a technology innovator focusing on sustainable energy and metals recycling. The company operates through two main divisions: Comstock Fuels, which develops low-carbon fuel solutions, and Comstock Metals, which operates a metal recycling facility producing aluminum, silver, copper, and glass from photovoltaic waste.

The company has secured five international agreements for its fuel solution, which yields up to 140 gallons per dry metric ton of feedstock. Their 2025-2029 objectives include establishing three commercial facilities for renewable metals and multiple fuel facilities. Comstock announced plans for a special shareholder meeting on February 14, 2025, to vote on increasing authorized shares and implementing a reverse stock split. The company is also considering a spin-off of Comstock Fuels Corp. to create two separate public companies.

Comstock Inc. (NYSE: LODE) announced a binding agreement between Comstock Fuels and Gresham's Eastern, granting exclusive rights in Pakistan to deploy Comstock's biomass refining technologies for sustainable aviation fuel (SAF) production. Gresham's will develop a demonstration facility in Lahore processing 75,000 metric tons of biomass annually, with plans to scale to 1,000,000 metric tons yearly.

The agreement gives Comstock Fuels a 20% equity stake in each Bioleum Refinery, plus 6% royalty on licensed product sales and 6% engineering fees on capital costs. The project aims to utilize Pakistan's agricultural residue biomass, which could potentially yield up to 14 billion gallons of renewable fuels annually at proven yields of 140 gallons per dry metric ton.

Comstock Inc. (NYSE: LODE) has signed a Technology Cooperation Agreement with Emerging Fuels Technology (EFT) to integrate EFT's gas-to-liquids process into Comstock's renewable fuel solutions. The partnership aims to enhance the production of Sustainable Aviation Fuel (SAF) and other renewable fuels from woody biomass.

The integrated system will convert carbon emissions into 'emissions derived renewable fuels' (EDF), increasing Comstock's renewable fuel yields from 125 gallons to more than 140 gallons per dry metric ton of feedstock, reaching approximately 70% of the theoretical maximum yield from woody biomass. The company's process currently achieves carbon intensity scores of 15 or less.

The technology will be implemented in Comstock's recently announced 75,000 metric ton per year demonstration facility, with plans to scale up to 1,000,000 MTPY commercial facilities.

Comstock Inc. (NYSE: LODE) has sold its Northern Targets mining properties to Mackay Precious Metals Inc. for $2.75 million plus a 1.5% NSR production royalty in perpetuity. The deal includes 100% of northernmost patented and unpatented mining claims in Storey County, Nevada, and Comstock's 25% stake in Pelen

The payment structure includes $1.3 million in immediate cash, $0.45 million due by February 15, 2025, and $1.0 million payable within 45 days of Mackay's public listing. Additionally, Comstock has received $3.2 million in lease payments since June 2023, with a final payment of $0.5 million due by February 15, 2025, bringing total consideration to nearly $6.5 million.

Comstock Inc. (NYSE: LODE) announced that its subsidiary Comstock Fuels has been awarded a $3 million incentive from Oklahoma's Quick Action Closing Fund. The company will establish its headquarters and construct a next-generation renewable fuel refinery in Oklahoma. The initial Demonstration Scale Facility will process 75,000 metric tons of biomass annually for renewable fuel production, with plans to expand to 1 million metric tons per year for sustainable aviation fuel (SAF) and other renewable fuels production.

The company is currently evaluating multiple locations throughout Oklahoma for the facility's construction. The state was chosen for its vast supplies of untapped woody biomass feedstock sources and its established leadership in the oil and gas sector.

Comstock Inc. (NYSE: LODE) has announced its participation in the NobleCon20 conference, with Executive Chairman and CEO Corrado De Gasperis scheduled to present on December 3, 2024, at 11:30am EST. The presentation will take place at Florida Atlantic University's Executive Education Complex in Boca Raton, Florida.

A high-definition video webcast of the presentation will be available the following day on multiple platforms, including Comstock's website, Noble Capital Markets' Conference website, and Channelchek.com. The webcast recording will remain accessible on these platforms for 90 days after the event.

Comstock Inc. (NYSE: LODE) announced an expansion of its licensing agreement with SACL Pte. into Vietnam for sustainable aviation fuel (SAF) and renewable fuels production. The agreement now covers four sites - three in Australia and one in Vietnam - with a total production capacity of over 460 million gallons of renewable fuels. The facilities will have an estimated total construction cost of over $4.0 billion, generating approximately $3.0 billion in annual sales at current prices. Comstock Fuels will receive a 20% equity stake in each Bioleum Refinery, plus 6% royalty fees on sales and 6% engineering fees on construction costs.