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 ...

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 ...

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 Metal ...

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 Metal ...

Core Insights - Comstock has a strong portfolio of approximately 10 million square feet of assets located at key Metro stations in the Washington, D.C. region, benefiting from urbanization trends and transit-oriented developments [1] - The company has shown consistent revenue growth with a CAGR of 26% from 2020 to 2023, and adjusted EBITDA has increased at a remarkable 45% CAGR during the same period [3] - Comstock's share price has outperformed broader market trends, indicating strong investor confidence in its strategic positioning and growth prospects [5] Financial Performance - Revenues increased by 4% to $10.6 million in Q1 2024, marking the 15th consecutive period of year-over-year growth [3] - The company has a modest market capitalization of $61.8 million, which reflects its position in a promising but risky market segment [6] Development Pipeline - Comstock's active development pipeline includes multifamily, office, retail, and hospitality projects expected to be completed between 2024 and 2026, which are anticipated to significantly boost revenue and asset base [4] - Notable projects include the JW Marriott Hotel & Condos, set for completion in 2025, enhancing the company's asset base and revenue potential [9] Market Position - The company has secured high-profile tenants across various sectors, including office, retail, and hospitality, strengthening its market position [8] - Strategic partnerships with firms like Spartan Shield and Paris Baguette further enhance Comstock's competitive edge [8] Risks and Challenges - Revenue concentration in management agreements poses a risk if terms are renegotiated unfavorably, and the business model is sensitive to interest rate fluctuations [2] - Geographic concentration in the Washington, D.C. area makes Comstock vulnerable to regional economic downturns and policy changes [10] - Limited cash reserves of $16.2 million as of March 31, 2024, could pose liquidity challenges [10]

Comstock Metals is dedicated to advancing leading technologies and sustainable practices in the solar recycling industry. The new storage capacity enables the company to efficiently manage and process large quantities of end-of-life solar panels and delivers a 100% closed-loop, zero-landfill solution that sets a new standard for solar panel recycling. Comstock Inc. (NYSE: LODE) commercializes innovative technologies that contribute to global decarbonization by efficiently converting under-utilized natural r ...

About Comstock Inc. Comstock Inc. (NYSE: LODE) commercializes innovative technologies that contribute to global decarbonization by efficiently converting under-utilized natural resources, primarily, woody biomass into net zero renewable fuels, end-of-life metal extraction, and generative AI-enabled advanced materials synthesis and mineral discovery. To learn more, please visit www.comstock.inc. Comstock Social Media Policy Comstock Inc. has used, and intends to continue using, its investor relations link an ...

Comstock's own recycling business, Comstock Metals, recently commissioned its own first-of-kind solar photovoltaic recycling facility, delivering a 100% closed loop, zero-landfill solar panel recycling process in Silver Springs, Nevada. Governor of Oklahoma. About Comstock Inc. Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its Twitter, LinkedIn and YouTube accounts, as means of disclosing material non-public information ...

Company Overview - Comstock Inc (NYSE: LODE) focuses on commercializing technologies for global decarbonization, including converting woody biomass into renewable fuels, end-of-life metal extraction, and advanced materials synthesis using generative AI [10] - The company operates Comstock Metals, a solar photovoltaic recycling facility in Nevada that delivers a 100% closed-loop, zero-landfill process [2] - Comstock has a strategic investment in Green Li-ion, a lithium-ion battery recycling technology company, since 2021 [8] Industry Developments - Green Li-ion has launched its first commercial-scale PCAM (precursor cathode active materials) facility in Atoka, Oklahoma, producing sustainable battery-grade materials from recycled batteries [1][7] - The battery recycling industry is addressing critical material needs for clean energy transition through domestic circular supply chains in North America and other regions [9] - Global battery material supply chains are under pressure, creating demand for reliable and environmentally sound recycling solutions [9] Strategic Partnerships - Comstock's Chairman and CEO participated in the ribbon-cutting event for Green Li-ion's new PCAM facility, highlighting the collaboration between the two companies [7] - Green Li-ion has secured funding from major international investors including Equinor Ventures, SOSV, EDP, Banpu NEXT, and Petronas [9] Technology Innovation - Green Li-ion's patented technology enables the conversion of spent batteries into battery-grade cathode and anode materials [7] - The company provides modular hardware solutions for on-site battery recycling capabilities, supporting manufacturers in building circular supply chains [9]

Strategic Investments and Growth - Comstock Metals plans to secure debt and equity capital at the subsidiary level to fund the accelerated construction of its first two industry-scale facilities, which are expected to generate positive cash flow in a few years [1] - The business model has been proven, and discussions are ongoing with multiple counterparties for primarily debt financing, reducing the need for equity dilution at the parent company level [1][3] - The company expects to announce further details in the third quarter [1] Progress in Real Estate and Asset Sales - Comstock is making steady progress in selling its real estate holdings in Silver Springs, NV, and interests held by the Sierra Springs Opportunity Fund, with strong engagement from potential buyers [2] - Multiple term sheets are being deliberated, and the company remains optimistic about commencing these sales in the coming months [2] Commitment to Financial Stability - The company acknowledges current market conditions may cause concern but expresses confidence in its plans and significant progress made over the past two years [3] - The strategy is designed to achieve positive cash flow in the coming years, ensuring long-term viability and success [3] Advancements in Comstock Fuels - Comstock Fuels is set for significant growth with plans for a commercial demonstration scale facility and full-scale renewable fuel production facilities, requiring substantial capital investment [7] - The company is actively engaged with strategic and financial partners to secure funding at the subsidiary level, with announcements expected in the second half of the year [7] Development Plans for Dayton - Spring Valley - Plans for developing the Dayton - Spring Valley resource areas into a cash-producing mine have advanced significantly, with confidence in delivering strong returns from silver and gold extraction [8] - Operations will be funded using proceeds from asset sales, ensuring financial resources are not overextended [8] Shareholder Commitment - The management team, including the executive chairman, holds over 13 million shares, demonstrating a strong commitment to creating and delivering value to shareholders [24]