Movers and SHAKERS
Comstock Mining (LODE)
Accelerating Progress on Multiple Fronts
Comstock Mining Inc is a mining company with a focus on gold and silver deposits in the Comstock and Silver City mining districts in Nevada. Its operations are divided into two segments, namely mining and real estate. Its mining projects include The Lucerne Resource area, the Dayton Resource area, the Spring Valley exploration target, the Northern Extension, Northern Targets and Occidental areas. The Real Estate segment involves land, real estate rental properties and a hotel, restaurant & bar provided by the Gold Hill Hotel located in Gold Hill, Nevada just south of Virginia City and the Daney Ranch, located just south of Silver City. The majority revenues are generated from the real estate segment.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
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Comstock provides first quarter update. Comstock hosted a virtual meeting with investors to discuss its first quarter financial results and to provide a corporate update. Management highlighted significant progress in all areas of its business. During the first quarter, Comstock Mining secured the rights to a majority equity position in LiNiCo Corporation, a private lithium-ion battery recycling company with a recycling facility in the Tahoe Reno Industrial (TRI) Center in Nevada. Management expects to exercise its $2.5 million warrant to increase its investment in LiNiCo during the third quarter, resulting in a majority stake and consolidation of LiNiCo’s financial results.
Updated mineral resource estimate. The company is expects to publish a S-K 1300 compliant technical report in the third quarter for the Dayton resource area. The technical report will provide a new resource estimate and include a phased drilling plan for further defining and expanding the resource. Subsequent technical reports will follow to expand the resource and provide economic analysis ...
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.