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Comstock Completes Acquisition of Haywood Quarry
Globenewswire· 2025-10-15 20:15
Core Insights - Comstock Inc. has completed the acquisition of the Haywood quarry industrial and mineral properties for $2.2 million in cash and stock, enhancing its mineral portfolio and operational capabilities in Lyon County, Nevada [1][2] Company Developments - The Haywood property spans approximately 190 acres and is strategically located near the Company's existing mineral properties, including the Dayton gold and silver resource [1][2] - The acquisition is expected to support mining activities at Dayton and provide post-mining industrial property in one of Lyon County's largest industrial parks [2] Historical Context - The Comstock Lode, discovered in 1859, historically produced over 8 million ounces of gold and 192 million ounces of silver from depths exceeding 3,000 feet [2] - The Company has consolidated significant portions of the historic Comstock Lode mining district and has conducted extensive geological studies and drilling [2][3] Geological and Operational Insights - The Company has performed extensive geological mapping and drilling, particularly in the Lucerne and Dayton resource areas, and has characterized the mineralized material [4] - A third-party S-K 1300 Technical Report Summary for the Dayton gold and silver resources was published in November 2022, indicating ongoing efforts in economic analysis and mine planning [4][5] Future Plans - The Company's 2025 initiatives include applying economic analysis to existing resources and progressing towards preliminary economic feasibility for the broader Dayton resource complex [5]
Comstock Welcomes D1 Training to Loudoun Station
Businesswire· 2025-10-08 18:00
Core Viewpoint - Comstock Holding Companies, Inc. has announced that D1 Training has signed a lease for retail space, indicating growth in the fitness sector and the company's ongoing development in the Washington, D.C. region [1] Company Summary - Comstock Holding Companies, Inc. is a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. area [1] - The company has secured a lease agreement with D1 Training for 4,360 square feet of retail space at 43800 Central Station Drive in Loudoun Station [1] Industry Summary - D1 Training is a franchise fitness center that offers sports-science-based training to athletes of all ages, reflecting a trend towards specialized fitness services [1]
Comstock (NYSEAM:LODE) 2025 Conference Transcript
2025-09-30 21:17
Summary of Comstock Inc. Presentation at Lithium Partners Fall 2025 Investor Conference Company Overview - **Company Name**: Comstock Inc. - **Ticker Symbol**: LODE on NYSE American - **Industry Focus**: Renewable and sustainable metals, specifically solar panel recycling [1][2] Core Business Model - Comstock specializes in recycling end-of-life solar panels, which typically last 12 to 17 years instead of the intended 25+ years [3] - The company aims to prevent hazardous materials from entering landfills, thus addressing environmental concerns [3] - Key materials extracted from solar panels include: - 20 grams of silver per panel - 6.5 pounds of aluminum per panel - Other critical metals such as indium, iridium, manganese, gallium, and tellurium [3][4] Market Opportunity - There are over 1 billion solar panels currently deployed in the U.S., with demand for silver reaching record highs [4] - Silver demand has exceeded supply for the first time in four years, with prices rising from the teens to the low 40s [5] - The market for solar panel recycling is projected to grow significantly, with estimates of 33 million panels reaching end-of-life by 2030 [11][21] Operational Efficiency - Comstock has developed a proprietary recycling process that eliminates contaminants without harmful emissions and at a low variable cost of $35 per ton [5][6] - The company operates a facility capable of processing a panel every seven seconds, with plans to scale to millions of panels per year [6][10] - The facility is currently running three shifts, 24 hours a day, five days a week, and is expected to achieve cash profitability by Q2 of the following year [9][10] Financial Projections - At full capacity, Comstock anticipates generating $55 million in free cash flow from processing 100,000 tons of material [11] - The company has a significant hidden asset in net operating loss carryforwards, which could shelter over $250 million in profits [18] Expansion Plans - Comstock plans to establish seven facilities across the U.S. to capture more than 30% market share by 2028 [15][16] - The first three facilities are expected to come online between 2026 and 2028, with a focus on regions with high solar panel deployment [12][15] Additional Assets - Comstock holds mineral assets in Nevada with an NPV of over $200 million based on updated mine plans [16][17] - The company has investments in real estate and renewable fuels, with a significant stake in Violium Corp valued at over half a billion dollars [17][19] Recent Developments - Comstock successfully raised $30 million from institutional investors, enhancing its shareholder base and eliminating debt [20] - The company emphasizes the tremendous value potential in the solar panel recycling market, with a long-term business outlook driven by the increasing number of panels reaching end-of-life [21][22] Conclusion - Comstock Inc. is positioned as a leader in the solar panel recycling industry, with a robust business model, significant market opportunities, and plans for substantial growth in the coming years [22]
Comstock Enters into Purchase Agreement for Rockville Multifamily Property
Businesswire· 2025-09-24 13:30
Core Points - Comstock Holding Companies, Inc. has entered into a purchase agreement to acquire a multifamily property with over 400 units in Rockville, Maryland, marking its first acquisition since the pandemic [1][4] - The property is designed with one-to-three bedroom apartments and includes amenities such as a fitness center, social gathering spaces, a resort-style pool, and garage parking, conveniently located along Metro's Red Line [3][6] - The acquisition is part of Comstock's Institutional Venture Platform, aimed at attracting institutional investors and structured as a joint venture to maximize value for stakeholders [5][6] Company Strategy - The acquisition aligns with Comstock's strategic growth plan, focusing on enhancing its managed portfolio and generating above-average returns on invested capital (ROIC) [6] - The company has emphasized its efforts to eliminate debt and strengthen its balance sheet, positioning itself for growth opportunities [6] Company Background - Founded in 1985, Comstock is a leading asset manager and developer of mixed-use and transit-oriented properties in the Washington, D.C. region, managing approximately 10 million square feet at full build-out [7][8]
Comstock to Participate in the Lytham Partners Fall 2025 Investor Conference on September 30, 2025
Globenewswire· 2025-09-23 10:15
Company Announcement - Comstock Inc. will participate in a webcast presentation and host one-on-one meetings with investors at the Lytham Partners Fall 2025 Investor Conference on September 30, 2025 [1] - The webcast presentation is scheduled for 4:15 p.m. ET and will be accessible via the conference home page or directly through a provided link [2] - Management will engage in virtual one-on-one meetings throughout the event, with arrangements available through Lytham Partners [3] Company Overview - Comstock Inc. focuses on innovating and commercializing technologies that support clean energy systems by extracting and converting under-utilized natural resources into reusable electrification metals, including silver, aluminum, copper, and other critical minerals from end-of-life photovoltaics [4] Communication Strategy - Comstock Inc. utilizes its investor relations link and main website, along with social media platforms like X.com, LinkedIn, and YouTube, to disclose material non-public information and comply with disclosure obligations [5]
Comstock CEO Recognized as 50 Most Influential of 2025
Businesswire· 2025-09-19 16:00
Core Insights - Comstock Holding Companies, Inc. has been recognized for its leadership in the Washington, D.C. region's mixed-use and transit-oriented property market [1] Company Recognition - Chairman and CEO Christopher Clemente has been named to Northern Virginia Magazine's list of the 50 Most Influential of 2025 [1]
Comstock Welcomes The Venardos Circus to Loudoun Station's Summerbration
Businesswire· 2025-09-19 13:30
Core Viewpoint - Comstock Holding Companies, Inc. has announced the launch of The Venardos Circus, an animal-free circus experience, at Loudoun Station, with performances scheduled through September 28 [1]. Company Overview - Comstock Holding Companies, Inc. is recognized as a leading asset manager, developer, and operator of mixed-use and transit-oriented properties in the Washington, D.C. region [1]. Event Details - The Venardos Circus, founded by former Ringling Bros. Ringmaster Kevin Venardos, offers a Broadway-style circus experience [1].
Comstock Announces Grand Opening JW Marriott Reston Station, Redefining Hospitality
Businesswire· 2025-09-16 14:00
Core Insights - Comstock Holding Companies, Inc. has announced the opening of JW Marriott Reston Station, a luxury hotel with 247 rooms located in Reston Station, the largest mixed-use, transit-oriented community in the Washington, D.C. region [1] Company Summary - Comstock is recognized as a leading asset manager, developer, and operator of mixed-use and transit-oriented properties [1] - The new JW Marriott hotel is part of Marriott Bonvoy's portfolio, which includes over 30 hotel brands [1] Industry Context - The opening of the JW Marriott Reston Station highlights the growth and development of mixed-use, transit-oriented communities in the Washington, D.C. area [1]
5 Gold Mining Stocks to Buy Amid Fed Rate Cut Expectation in September
ZACKS· 2025-09-10 15:11
Industry Overview - Gold prices have increased nearly 40% year to date, reaching an all-time high of $3,647 per ounce on September 9 [1][8] - Central banks in emerging economies are actively purchasing gold to bolster reserves amid rising global debt, trade uncertainties, and geopolitical risks, particularly in the Middle East [2] - The global trend of cutting interest rates to stimulate economic growth is favorable for gold, a non-income-bearing asset [3] Market Expectations - The Federal Reserve is expected to implement a 25 basis-point interest rate cut in September 2025, following weak nonfarm payroll data [4][8] - Major investment banks like JP Morgan and Goldman Sachs predict gold prices could rise to $4,000 to $5,000 per ounce by 2026, indicating a bullish outlook for the gold market [7] Gold Mining Stocks - Investment in gold mining stocks is recommended, with five highlighted companies: Agnico Eagle Mines Ltd. (AEM), DRDGOLD Ltd. (DRD), Gold Fields Ltd. (GFI), Comstock Inc. (LODE), and GoldMining Inc. (GLDG), all carrying favorable Zacks Ranks [5][8] - Agnico Eagle Mines is focused on growth through strategic projects and acquisitions, with expected revenue and earnings growth rates of 30.6% and 64.1% for the current year [10][12] - DRDGOLD has undergone a refocusing of its gold interests, with expected revenue and earnings growth rates of 54.3% and 13.3% for the current year [13][14] - Gold Fields operates in multiple countries and has expected revenue and earnings growth rates of 71% and 93.9% for the current year [15] - Comstock Inc. focuses on precious metals mining in Nevada, with expected revenue and earnings growth rates of 17.4% and 69% for the current year [16][17] - GoldMining Inc. is engaged in mineral exploration with a focus on gold assets in the Americas, expecting an earnings growth rate of 30% for the current year [18] Supply-Demand Dynamics - The gold mining industry is facing a supply-demand imbalance due to a scarcity of new deposits and lengthy mining processes, which may drive prices higher [6] - Increased use of gold in energy, healthcare, and technology sectors is expected to further contribute to demand [7]
Comstock Releases 2025 Midyear Update Investor Presentation
Businesswire· 2025-09-09 16:33
Core Viewpoint - Comstock Holding Companies, Inc. has released its Midyear 2025 Investor Presentation Update, which is now available on the company's investor relations website [1]. Company Overview - Comstock Holding Companies, Inc. is recognized as a leading asset manager, developer, and operator of mixed-use and transit-oriented properties specifically in the Washington, D.C. region [1].