Comstock Mining (LODE)
Comstock’s Transformation is Well Underway
Comstock Mining Inc. is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Poe Fratt, Senior Research Analyst, Logistics, Noble Capital Markets, Inc.
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Corporate update. Comstock recently hosted a virtual investor meeting to discuss innovations in lithium-ion battery recycling, lithium extraction, cellulosic extraction for producing biofuels, and the restart of its mercury remediation operations in the Philippines. Management has spent the last six months accelerating plans for lithium recycling and cellulosic fuels with fully operational prototypes expected in the first and second quarters of 2022.
Cellulosic fuels business will be the largest in Comstock’s portfolio. The first facility in Minnesota is expected to be operational in 2023. It will convert woody biomass into ethanol, biodiesels, and marine fuels. Comstock expects to have a cellulosic extraction prototype operational at Comstock’s Plain Sight Innovations (PSI) laboratory in Wisconsin in March or April. Management mentioned that …
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*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.