Core Viewpoint - Comstock is revising its agreements with RenFuel to enhance their partnership and expand their market presence in Europe, particularly in the development of biorefinery projects and sustainable fuel production. Group 1: Company Developments - Comstock has announced amendments to its agreements with RenFuel K2B AB, focusing on the development of a biorefinery project in Sweden and broadening their partnership scope in European markets [6] - The amendments allow for the liquidation of RenFuel's majority-owned subsidiary, RenFuel K2B Lignolproduktion AB, which was initially formed for a joint venture with Preem [1] - Comstock aims to construct commercial facilities in the Americas, including a 50,000 TPY facility and at least one 1,000,000 TPY facility for converting biomass into Sustainable Aviation Fuel and Renewable Diesel [2] Group 2: Financial Performance - Comstock reported a quarterly loss of 6 cents per share in Q1 2024, which was wider than the Zacks Consensus Estimate of a 4-cent loss, with revenues of $0.43 million for the quarter [11] - LODE shares have experienced a significant decline of 68% over the past year, contrasting with the industry growth of 7.3% [3] Group 3: Market Position and Technology - Comstock has utilized RenFuel's patented catalytic esterification technology to refine Bioleum derivatives into Hydrodeoxygenated Bioleum Oil, which can produce both Sustainable Aviation Fuel and Renewable Diesel [7] - The expanded partnership positions both Comstock and RenFuel for larger-scale commercial facility management based on their joint technologies in Europe [10]

Core Viewpoint - Comstock Inc. is advancing its partnership with RenFuel K2B AB by liquidating the RenFuel-Preem joint venture, allowing both companies to focus on constructing larger commercial facilities for renewable fuels in the Americas and Europe [1][7][8]. Group 1: Company Developments - Comstock has decided to prioritize the construction of commercial facilities utilizing joint technologies with RenFuel, including an initial facility with a capacity of 50,000 tons per year (TPY) and at least one facility with a capacity of 1,000,000 TPY, aimed at converting biomass into Sustainable Aviation Fuel (SAF) and Renewable Diesel [2][8]. - The liquidation of the RenFuel-Preem joint venture does not affect existing agreements between Comstock and RenFuel, except for Comstock's decision to decline its option to join the joint venture [1][7]. Group 2: Technological Innovations - Comstock's proprietary technologies can convert lignocellulosic biomass into Cellulosic Ethanol and Bioleum biointermediate blends, achieving yields exceeding 100 gallons per dry tonne of biomass on a gasoline gallon equivalent basis (GGE) and a low carbon intensity score of 15 [8]. - Comstock is utilizing RenFuel's patented catalytic esterification technology to refine Bioleum derivatives into Hydrodeoxygenated Bioleum Oil (HBO), which is used in advanced biofuel refineries [8]. Group 3: Market Positioning - The partnership between Comstock and RenFuel is expected to expand into European markets, enhancing their joint capabilities in renewable fuel production [7][8]. - Comstock holds exclusive rights to RenFuel's refining technologies in North America, Central America, and South America, positioning the company favorably in the renewable fuels market [8].

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 and operation of a larger scale commercial facility based on the joint Comstock-RenFuel technologies throughout Europe, following construction of Comstock's first planned facilities in ...

Exhibit 99.1 COMSTOCK ANNOUNCES FIRST QUARTER 2024 RESULTS AND CORPORATE UPDATES Commissions First Metal Recycling Facility, Receives Initial Revenues Demonstrating Strong Demand VIRGINIA CITY, NEVADA, APRIL 30, 2024 – 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, ...

© 2024 Comstock Inc. | NYSE American: LODE At our 2022 annual meeting, we announced technical progress in lithium battery recycling and showcased our working pilot system © 2024 Comstock Inc. | NYSE American: LODE2 Comstock Metals Outlook Comstock Inc. (NYSE: LODE) 1Q24 Earnings Call In late 2022, metal commodity prices driving Cobalt 90000 80000 70000 60000 source: tradingeconomics.com 3 Proven process to recycle laminated systems battery recycling financial models collapsed Nickel 50000 45000 40000 35000 ...

Comstock Inc. (LODE) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.04. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -50%. A quarter ago, it was expected that this company would post a loss of $0.04 per share when it actually produced a loss of $0.03, delivering a surprise of 25%.Over the last four quarters, the company has surpassed conse ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________________________________ FORM 10-Q _______________________________________________________________________ ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM ______ TO ______. COMMISSION FILE ...

VIRGINIA CITY, Nev., April 29, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") today announced the realization of a series of key milestones by Comstock's strategic investee, Quantum Generative Materials LLC ("GenMat"), including commencement of early adopter sales, qualifying GenMat for significant additional financing at increased valuations that capitalizes on broadly increased investment interest in developers of generative artificial intelligence technologies. Comstock ...

VIRGINIA CITY, Nev., April 26, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock") today announced Senator Catherine Cortez Masto (D-NV) toured Comstock Metals' first solar panel recycling facility in Silver Springs, Nevada to highlight the state's growing clean energy economy and strong job growth in the region. "We are very appreciative of Senator Cortez Masto's support and thank her for visiting Comstock's first-of-kind solar panel recycling facility in Silver Springs," said Corrado De Gasper ...

VIRGINIA CITY, Nev., April 25, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) ("Comstock" and the "Company") today announced that Comstock Metals completed the critical commissioning stages of its demonstration-scale production facility in Silver Springs, Nevada, closing the loop and recycling substantially all the waste materials. Comstock Metals serves utilities, operations and maintenance groups, solar engineers, consultants, contractors, and municipalities across the contiguous U.S., with emphasis i ...