Comstock Mining Inc. engages in the exploration, development, and production of mineral properties in Nevada. The company explores for gold, silver, lithium, nickel, cobalt, and mercury ores. It operates in two segments, Mining and Real Estate. The Mining segment owns and controls approximately 9,358 acres of mining claims and parcels, including approximately 2,396 acres of patented claims and surface parcels; and approximately 6,962 acres of unpatented mining claims in the Comstock and Silver City districts. It primarily focuses on exploring and developing properties in the Dayton resource areas; and Occidental and Gold Hill gold and silver mineral properties. The Real Estate segment comprises land and real estate rental properties, as well as the Gold Hill Hotel and Daney Ranch properties. Comstock Mining Inc. has collaboration agreements with Oro Industries Inc. and Mercury Clean Up, LLC for the manufacture and deployment of mercury remediation systems with proprietary mechanical, hydro, electro-chemical, and oxidation processes to reclaim and remediate mercury from soils, waste, and tailings. The company was formerly known as GoldSpring, Inc. and changed its name to Comstock Mining Inc. in July 2010. Comstock Mining Inc. was incorporated in 1999 and is headquartered in Virginia City, Nevada.
IPO Year:
Exchange: AMEX
Website: comstockmining.com
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VIRGINIA CITY, Nev., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") and its subsidiary, Comstock Metals Corporation ("Comstock Metals"), a technology leader in efficiently recycling end-of-life solar panels into reusable aluminum, copper, silver, glass and other minerals, that delivers a 100% closed-loop, zero-landfill solution, today announced over $150,000 in new revenues from one new commercial customer that has engaged Comstock Metals for the decommissioning and disposal of their solar panels. Comstock Metals strives to recycle materials efficiently and effectively at industrial scales, such that these materials are carefully recovered in a
VIRGINIA CITY, Nev., Sept. 10, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") and its subsidiary, Comstock Metals Corporation ("Comstock Metals"), a technology leader in efficiently recycling end-of-life solar panels into reusable aluminum, copper, silver, glass and other minerals, that delivers a 100% closed-loop, zero-landfill solution, today announced additional revenues from two commercial companies that have engaged Comstock Metals for the decommissioning and disposal of end-of-life solar panels. Comstock Metals strives to efficiently and effectively recycle materials at industrial scales, such that these materials are carefully recovered in a manne
VIRGINIA CITY, Nev., Aug. 20, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") and its subsidiary, Comstock Metals Corporation ("Comstock Metals"), a technology leader in efficiently recycling end-of-life solar panels into reusable aluminum, copper, silver, glass and other minerals, that delivers a 100% closed-loop, zero-landfill solution, today announced its first shipments and revenues from the sale of over 3,000 pounds of recycled, reusable aluminum, commencing regularly scheduled shipments. We expect aluminum recovery of about 10 to 15 percent of the solar panel input weight. This initial sale exceeded our expectation of secondary recovery, achieving mo
VIRGINIA CITY, Nev., Aug. 15, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") and its subsidiary, Comstock Fuels Corporation ("Comstock Fuels"), a technology leader in efficiently converting woody biomass into low carbon renewable fuels, today announced completion of testing to validate renewable fuel conversion yields of up to 125 gallons per dry ton of woody biomass on a gasoline gallon equivalent basis ("GGE"). Comstock Fuels offers advanced lignocellulosic biomass refining solutions that are now proven to produce renewable fuels at market-leading yields and carbon intensities, including ethanol, gasoline, renewable diesel, and sustainable aviation fue
VIRGINIA CITY, Nev., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock," "our," and the "Company"), today announced its second quarter 2024 results, certain business and investment updates and an updated business outlook, with significant progress from each business, corporate and collectively across the system. "While I have personally dedicated the substantial majority of my capacity over the past several months on successfully advancing strategic transactions, our equally dedicated teams have been executing on their respective business plans without interruption," stated Corrado De Gasperis, Comstock's Executive Chairman and Chief Executive Officer. "Ou
VIRGINIA CITY, Nev., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) a leader in hard technology developments enabling clean energy, today announced the execution of an indicative term sheet for $325 million (about $315 million net of transaction fees) in funding through SBC Commerce LLC ("SBCC"), a U.S. based, globally positioned, private equity group. The transaction is subject to final due diligence and applicable regulatory approvals. This significant series of milestones, representing a combination of direct investments and certain asset sales, recognizes significant valuations, nearly $500 million, for the Company's three businesses and secures timely and essential gro
VIRGINIA CITY, Nev., July 25, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") is pleased to announce that the Company's Executive Chairman, Director & CEO, Corrado De Gasperis, and COO, William McCarthy will be providing an overview of recent financial results, along with important business updates on Thursday, August 8, 2024, at 4:30pm ET, followed by a live Q&A. We invite all investors and other interested parties to register for the webinar at the link below. Date: Thursday, August 8, 2024Time: 4:30pm ETRegister: Webinar Registration HAVE QUESTIONS? There will be an allotted time following the live presentation for a Q&A session. Unaddressed questions
VIRGINIA CITY, Nev., July 19, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") is pleased to announce it has retired its existing Equity Purchase Agreement and entered into a securities purchase agreement with an investor for an 8.0% Convertible Promissory Note due October 31, 2025 (the "Convertible Note"). The Convertible Note was issued with an original aggregate principal amount of $2,717,500 (the "Principal Amount"), purchased by the investor for $2,500,000, reflecting an 8% original issue discount. A portion of the proceeds will be used to redeem $500,000 of existing convertible debt, reducing the Company's outstanding obligations. "We are ve
VIRGINIA CITY, Nev., July 17, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock") today announces its Q2 2024 Stakeholder Perception Analysis Report (the "Report") compiled by RB Milestone Group LLC ("RBMG"). The Report provides insight into Comstock's operational milestones and perceived strengths and weaknesses from the perspective of its stakeholders. Also enclosed in the Report is a brief video recording of Comstock's Executive Chairman and Chief Executive Officer, Corrado De Gasperis, that includes a brief business update while also addressing the results. RBMG gathered the data from the investor survey from April 30, 2024, through June 30, 2024. RBMG takes a proactive
VIRGINIA CITY, Nev., July 15, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") announced today that its subsidiary, Comstock Metals, has secured a long-term lease on a 100,000 square foot, industry-facility located at 600 Lake Avenue, Silver Springs, Nevada (the "Facility"). The Facility will deploy the capacity for processing up to 100,000 tons per year of end-of-life solar panels, located on the same campus as the currently operating demonstration facility. Comstock Metals recently received unanimous approval for a conditional use permit ("CUP") from the Lyon County, Nevada, Board of County Commissioners, for the operations and material storage of solar p
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VIRGINIA CITY, Nev., April 11, 2023 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") today announced the board of directors of Comstock Inc. nominated and appointed Dr. Güez Salinas, as a new independent director to the Company's Board of Directors and appointed Mr. Walter "Del" Marting as the Chairman of the Company's Audit and Finance Committee. The Company also announced the resignation of Mr. Judd Merrill as a director of the company, all effective as of April 5, 2023. Dr. Salinas has over 30 years of professional experience in the areas of engineering, strategy, finance, corporate management, and business development, with a primary focus on cyber-security
VIRGINIA CITY, Nev., March 02, 2023 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" or the "Company") today announced the appointment of Dr. Fortunato Villamagna as the President of Comstock Metals Corporation, the entity that owns LINICO Corporation, the Company's Li-Ion battery metals recycling business. Mr. Corrado De Gasperis, Executive Chairman and CEO, said, "We are honored to welcome Dr. Villamagna to our battery metals team. His proven knowledge and experience in technology development, battery chemistries, and successful commercialization of similar businesses add breadth and experience to our leadership team." Dr. Villamagna has worked in renewable energy, energy reco
VIRGINIA CITY, Nev., April 12, 2022 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (NYSE:LODE) ("Comstock" and the "Company") today announced the appointment of Leonardo Riera, as president of LINICO Corporation, its electrification products subsidiary, located in the Tahoe Reno Industrial Center, Nevada. Mr. Riera is an experienced chief executive, with global experience in the renewable energy, manufacturing, mergers and acquisition, capital markets and financial services industries. Mr. Riera spent a decade as the Executive Director and Country Head for Bankers Trust Company in Venezuela, overseeing all of their investment banking and broker-dealer operations. Mr. Riera was the founder
VIRGINIA CITY, Nev., Jan. 07, 2021 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (the “Company”) (NYSE American: LODE) announced 2020 business achievements, 2021-2023 strategic plan and the Company’s outlook for 2021: Selected 2020 Strategic Achievements (unaudited) Completed corporate realignment, positioning Comstock for precious and strategic metal-based growth;Completed first phase of mercury remediation pilot, purchasing 15% of Mercury Clean Up LLC (“MCU”):Formed Philippine mercury remediation joint venture, receiving 50% of MCU Philippines Inc. (“MCU-P”);Acquired 25% of Pelen LLC, 100% owner of the Sutro Tunnel Company mineral properties and royalties;Formed Comstock Royalty LLC for
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The Convertible Note was issued with an original aggregate principal amount of $2.717 million, purchased by the investor for $2.50 million, reflecting an 8% original issue discount. A portion of the proceeds will be used to redeem $500,000 of existing convertible debt, reducing the Company's outstanding obligations.
Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") today announced advances on amended agreements with RenFuel K2B AB ("RenFuel") involving the development of RenFuel's pre-existing, planned biorefinery project at a pulp and paper mill in Sweden. The amendments also anticipate expanding the scope of the Comstock partnership with RenFuel in the European markets. These amendments support the liquidation of RenFuel K2B Lignolproduktion AB, a majority owned RenFuel subsidiary originally formed to administer RenFuel's previously planned Swedish biorefinery as part of a joint venture with Preem (the "RenFuel-Preem JV" or the "JV"), thereby better positioning both parties for construction an
Gainers Tetra Technologies (NYSE:TTI) stock rose 4.9% to $3.63 during Tuesday's after-market session. The market value of their outstanding shares is at $476.0 million. TXO Partners (NYSE:TXO) shares increased by 4.84% to $21.02. The company's market cap stands at $650.3 million. Comstock (AMEX:LODE) stock rose 4.53% to $0.23. The market value of their outstanding shares is at $32.4 million. Enservco (AMEX:ENSV) stock moved upwards by 3.94% to $0.26. The company's market cap stands at $7.0 million. Enviva (NYSE:EVA) stock rose 3.31% to $0.58. The company's market cap stands at $43.1 million. FutureFuel (NYSE:FF) shares rose 2.06% to $4.45. The market value of their outstanding shares i
The Dow Jones index closed lower by over 200 points on Tuesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Comstock The Trade: Comstock Inc. (NYSE:LODE) Chief Engineering Officer Rahul Bobbili bought a total of 25,000 shares at an average price of $0.25. To acquire these shares, it cost around $6,350. What's Happening: Comstock, on May 17, announced
On May 17, 2024, Comstock Inc. (“Comstock”) announced the private placement of 1,250,000 restricted shares at a price of $0.40 per share, or $500,000 in net proceeds, to the Executive Chairman & CEO of Comstock (the “Chairman”). The Chairman purchased such restricted shares with proceeds from an independent, personal promissory note issued by the Chairman to Alvin Fund LLC, who is separately a creditor and shareholder of Comstock. The promissory note has a principal amount of $1,100,000, accrues interest at 6% per annum for one year and 8% per annum thereafter and matures three years from the date of issuance. The obligations under the promissory note are secured by a security interest i
The Dow Jones index closed higher by over 100 points on Friday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Comstock The Trade: Comstock Inc. (NYSE:LODE) Chief Operating Officer William Joseph McCarthy bought a total of 15,000 shares at an average price of $0.26. To acquire these shares, it cost around $3,854. What's Happening: On April 30, Comstock r
The Dow Jones index closed higher by around 170 points on Wednesday. When insiders purchase or sell shares, it indicates their confidence or concern around the company’s prospects. Investors and traders interested in penny stocks can consider this a factor in their overall investment or trading decision. Below is a look at a few recent notable insider transactions for penny stocks. For more, check out Benzinga’s insider transactions platform. Socket Mobile The Trade: Socket Mobile, Inc. (NASDAQ:SCKT) Director Charlie Bass bought a total of 10,000 shares at an average price of $1.24. To acquire these shares, it cost around $12,357. What's Happening: On May 1, Socket Mobile posted
Comstock (AMEX:LODE) reported quarterly losses of $(0.06) per share which missed the analyst consensus estimate of $(0.04) by 50 percent. The company reported quarterly sales of $400.000 thousand which missed the analyst consensus estimate of $544.000 thousand by 26.47 percent. This is a 1.20K percent increase over sales of $30.750 thousand the same period last year.
VIRGINIA CITY, Nev., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock," "our," and the "Company"), today announced its second quarter 2024 results, certain business and investment updates and an updated business outlook, with significant progress from each business, corporate and collectively across the system. "While I have personally dedicated the substantial majority of my capacity over the past several months on successfully advancing strategic transactions, our equally dedicated teams have been executing on their respective business plans without interruption," stated Corrado De Gasperis, Comstock's Executive Chairman and Chief Executive Officer. "Ou
VIRGINIA CITY, Nev., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) a leader in hard technology developments enabling clean energy, today announced the execution of an indicative term sheet for $325 million (about $315 million net of transaction fees) in funding through SBC Commerce LLC ("SBCC"), a U.S. based, globally positioned, private equity group. The transaction is subject to final due diligence and applicable regulatory approvals. This significant series of milestones, representing a combination of direct investments and certain asset sales, recognizes significant valuations, nearly $500 million, for the Company's three businesses and secures timely and essential gro
VIRGINIA CITY, Nev., April 30, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock," "our," and the "Company"), today announced its first quarter 2024 results, business updates and an updated 2024 business outlook. "We are pushing the boundaries of technology and sustainability, especially in metals, fuels, and artificial intelligence, by leveraging our technical bench, our diverse and growing technology portfolio, and our frontier research and development partner networks that are now delivering tangible solutions that impact industries, economies, and communities," stated Corrado De Gasperis, the Company's Executive Chairman and Chief Executive Officer. "Metals is a great exam
VIRGINIA CITY, Nev., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company"), an innovator of technologies that enables systemic decarbonization by efficiently converting under-utilized natural resources into renewable energy products, announced today that it has reacquired and cancelled 2,605,322 of its previously issued common shares held by LINICO Corporation ("LINICO"), and reduced Comstock's outstanding shares to 115,256,759. "We recently acquired the remaining interest in LINICO, providing the opportunity to reacquire and retire over 2.6 million common shares," stated Corrado De Gasperis, Comstock's Executive Chairman and Chief Executive Officer. "
VIRGINIA CITY, Nev., Oct. 26, 2023 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") today announced its recent operational highlights, third quarter 2023 results, and updated outlook. "Substantially all of our activities are focused on commercialization, with recent achievements demonstrating our substantial progress including asset sales, permits, license agreements, patent filings, etc., as well as the completion of all milestones required for the scale-up of our proprietary lignocellulosic biomass refining process," said Corrado De Gasperis, Comstock's executive chairman and chief executive officer. Strategic Investments The Company's strategic investment
VIRGINIA CITY, Nev., Aug. 10, 2023 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company"), an innovator of technologies that enable systemic decarbonization and the energy transition by efficiently converting under-utilized natural resources into renewable energy products, today announced its second quarter results and business updates. "The focus for 2023 is the commercialization of our technologies," said Corrado De Gasperis, Comstock's executive chairman and chief executive officer. "Our biorefining and metal recycling technologies are commercially ready and offer unprecedented performance for our prospective customers. Our dedicated Fuels team is progressing mult
VIRGINIA CITY, Nev., May 03, 2023 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company"), an innovator of technologies that enable systemic decarbonization, today announced its recent Q1 2023 operational highlights. "Over the past three months, we monetized non-strategic assets and positioned ourselves to meet or exceed our $30 million target this year. We have also advanced our fuels, metals, and mining lines of business, and GenMat, our strategic investee, announced a customer demonstration of their physics-based general artificial intelligence capabilities. We are excited that all of this drives our commercializations," said Corrado De Gasperis, Comstock's executi
VIRGINIA CITY, Nev., March 16, 2023 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company"), an innovator of technologies that enable systemic decarbonization, today announced its full year 2022 results, summary of achievements completed in 2022, and our 2023 business outlook. "During 2022, we integrated our acquisitions, achieved extraordinary technological breakthroughs, advanced each business, and monetized non-strategic assets," said Corrado De Gasperis, Comstock's executive chairman and chief executive officer. Selected Strategic Highlights from 2022 The following is a selection of strategic highlights from the year: Cellulosic Fuels "Our renewable fuels tea
VIRGINIA CITY, Nev., March 09, 2023 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" or the "Company") today announced that it will host a conference call on Thursday, March 16, 2023, at 1:15 p.m. Pacific Daylight Time (4:15 p.m. Eastern Daylight Time) to report its 2022 year end results and business update. The webcast will include a moderated question and answer session after the Company's prepared remarks. Please click the link below to register in advance and please join the event at least 10 minutes prior to the scheduled start time. Once registered, you will receive a confirmation email containing information about joining the Webcast. March 16, 2023, 1:15 PM Pacific Dayli
VIRGINIA CITY, Nev., Nov. 01, 2022 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") today announced its recent business development highlights, third quarter 2022 results, and updated outlook. Selected Strategic Highlights – Lithium Extraction and Electrification Products Received a Written Determination of Hazardous Waste Recycling ("Operating Permit") authorizing LINICO Corporation ("LiNiCo") to conduct lithium-ion battery ("LIB") crushing, separating, lithium extraction and precursor cathode active materials processing at its battery metal recycling facility located in Storey County, Nevada.Received a first-of-its-kind Conditional Use Permit ("CUP") by LiN