VIRGINIA CITY, Nev., Feb. 14, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. ("Comstock") (NYSE:LODE), a leading innovator of renewable energy-enabling technologies that contribute to energy abundance by efficiently extracting and converting under-utilized natural resources today announced a reverse split of its common stock, $0.000666 par value ("Common Stock"), at a ratio of 1-for-10 (the "Reverse Split"), effective February 24, 2025, and that the Common Stock will begin trading on a split-adjusted basis when the ...

Financial Data and Key Metrics Changes - The company is positioned for significant growth with ambitious investments in breakthrough technologies aimed at energy independence and dominance in the U.S. [3] - The company is receiving capital commitments from strategic and financial partners to elevate its enterprises into a leading energy solutions provider and critical metal supplier [10][11] Business Line Data and Key Metrics Changes - Comstock Fuels is deploying sustainable fuel solutions capable of yielding up to 140 gasoline gallon equivalents per dry metric ton of feedstock [7] - Comstock Metals is ramping up production, with one facility potentially becoming the second largest silver mine in Nevada, and plans for a second facility to secure the top position globally [6] Market Data and Key Metrics Changes - The company has secured agreements for at least five integrated biolum refineries with partners like Hexis Biomass and Marathon Petroleum Corp [3] - The company is actively engaging large solar panel customers, validating its zero landfill solution [12] Company Strategy and Development Direction - The company plans to split into two high-growth public companies: a renewable metals and mining company in Nevada and a renewable fuels company in Oklahoma [12] - The focus is on creating sustainable wealth through innovative solutions that do not create scarcity [5] Management's Comments on Operating Environment and Future Outlook - Management expresses confidence in the company's positioning and the overwhelming support from shareholders, indicating a strong future outlook [10][18] - The management emphasizes the transformative impact of their technologies and the importance of sustainability in their operations [4][5] Other Important Information - The proposal for a reverse stock split was approved by a majority of votes cast during the meeting [17][18] - The company plans to provide specific instructions regarding the timing of the reverse split implementation [18] Q&A Session Summary Question: What is the outlook for the company's growth and capital commitments? - Management highlighted that capital commitments are being secured from both strategic and financial partners, indicating a strong growth trajectory [10][11] Question: How does the company plan to achieve its sustainability goals? - The company is focused on deploying sustainable solutions that leverage waste and natural resources, aiming for a zero landfill approach [12] Question: What are the next steps following the approval of the reverse split? - Management will publish the results of the vote and provide instructions on the timing of the reverse split implementation [18]

OKLAHOMA CITY, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) today announced the execution of a definitive master license agreement between Comstock Fuels Corporation (“Comstock Fuels”) and Gresham’s Eastern (Pvt) Ltd (“Gresham’s”), a leading sustainable energy engineering, equipment and construction company based in Pakistan, under which Comstock Fuels granted Gresham’s a license to develop and manage facilities based on Comstock Fuels’ advanced lignocellulosic biomass refining processes in ...

OKLAHOMA CITY, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE:LODE) today announced the execution of a definitive master license agreement between Comstock Fuels Corporation ("Comstock Fuels") and Gresham's Eastern (Pvt) Ltd ("Gresham's"), a leading sustainable energy engineering, equipment and construction company based in Pakistan, under which Comstock Fuels granted Gresham's a license to develop and manage facilities based on Comstock Fuels' advanced lignocellulosic biomass refining processes in P ...

OKLAHOMA CITY, Feb. 04, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) today announced that its subsidiary, Comstock Fuels Corporation (“Comstock Fuels”), was approved by the Oklahoma State Treasurer’s Office to issue up to $152 million in qualified private activity bonds. This allocation of up to $152 million in Qualified Private Activity Bonds that can be issued by Comstock Fuels represents a major achievement in Comstock Fuels’ plans for financing and building its first 400,000 barrel per year comme ...

Core Insights - Comstock Inc. has expanded its licensing agreement with SACL Pte. Limited to include Malaysia for the marketing of advanced lignocellulosic biomass refining processes, enhancing SACL's operational territory [1][6] - The agreement includes the construction of four Bioleum™ Refineries in Australia and Vietnam, with potential sites under negotiation in New Zealand and Malaysia [2][3] - The planned refineries are expected to have a total construction cost exceeding $4.0 billion and will produce approximately 280 million gallons per year of renewable fuels, generating over $3.0 billion in annual sales at current prices [4][6] Company Overview - Comstock Fuels Corporation specializes in advanced lignocellulosic biomass refining solutions, achieving market-leading yields and low carbon intensity scores [5][9] - The company holds exclusive rights to intellectual properties for producing energy crops, which can significantly enhance feedstock production [9][10] - Comstock Fuels aims to build a network of Bioleum Refineries in the U.S. to produce about 200 million barrels of renewable fuel annually by 2035 [10] Market Potential - The global demand for sustainable aviation fuel is surging, creating significant opportunities for renewable fuel project developers [6] - Comstock Fuels' processes utilize readily available biomass sources, which can be converted into renewable intermediates and fuels, leveraging existing supply chains [6][7] - The company plans to produce over 1.38 billion gallons of renewable fuel annually from its projects, indicating a robust growth trajectory in the renewable fuels market [7]

OKLAHOMA CITY, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE) today announced that its subsidiary, Comstock Fuels Corporation (“Comstock Fuels”), has joined the BDO Zone Strategic Partners Network, a group of leading companies in the bioenergy sector that help accelerate and de-risk biobased project development in BDO Zones. The BDO Zone Initiative is an internationally recognized standards-based assessment which certifies “regional readiness for bio-manufacturing,” creates global con ...

Secures First $1 Million Incentive from Oklahoma’s Quick Action Closing FundOKLAHOMA CITY, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE) today announced that its subsidiary, Comstock Fuels Corporation (the “Company”), a leader in advanced lignocellulosic biomass refining solutions, has established its corporate headquarters in Oklahoma City, Oklahoma. The completion of this strategic milestone triggers the first of three $1 million awards from the Oklahoma Department of Commerce's Qu ...

Combines Pioneering Bioleum Refining Process with High Yield Energy Crops to Create Perpetual “Drop-In Permian Basins” with the Capacity for Domestic Energy DominanceOKLAHOMA CITY, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE) today announced that its subsidiary, Comstock Fuels Corporation (“Comstock Fuels”), a leader in advanced lignocellulosic technologies, has executed an agreement with Hexas Biomass Inc. (“Hexas”), securing exclusive rights to Hexas’ intellectual properties in li ...

Core Viewpoint - Comstock Inc. is undergoing a strategic transformation into an innovator and integrator of commercially ready technologies aimed at enabling energy independence and dominance, with significant support from shareholders [1][2]. Group 1: Business Transformation and Technology Development - Since 2021, Comstock has invested in technologies and supply chains that position the company to lead in energy solutions, with a focus on sustainable and low-carbon fuel solutions [2][3]. - Comstock Fuels is deploying proprietary low-carbon fuel solutions, while Comstock Metals is focused on sustainable metal recycling, producing critical materials for renewable energy supply chains [3][4]. - The company has established a platform for growth by investing in new ideas and technologies, creating a foundation for significant shareholder opportunities [4][5]. Group 2: Operational Achievements and Market Position - Comstock Metals has ramped up operations and gained world-class customers, while Comstock Fuels has signed five international agreements, yielding up to 140 gallons of fuel per dry metric ton of feedstock [6][7]. - The company has demonstrated readiness to key industry partners across various jurisdictions, expanding relationships with suppliers, landowners, and potential capital partners [7][12]. Group 3: Future Growth Objectives - Comstock aims to establish three commercial facilities for renewable metals and multiple facilities for renewable fuels by 2029, starting in Nevada and Oklahoma [8][10]. - The company is engaged with strategic and financial partners for equity and debt financing to support profitable growth and enhance shareholder value [10][11]. Group 4: Capital Structure and Shareholder Engagement - A special meeting is scheduled for February 14, 2025, to vote on increasing authorized shares, which may include a reverse stock split to attract necessary capital resources [13][15]. - The company is evaluating transformative transactions, including a potential spin-off of Comstock Fuels Corp., to create two high-growth public companies [14][15].