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Comstock Mining (LODE) – Going All In

Natural Resources
0 min read

Wednesday, May 04, 2022

Comstock Mining (LODE)
Going All In

Comstock (NYSE: LODE) innovates technologies that contribute to global decarbonization and circularity by efficiently converting under-utilized natural resources into renewable fuels and electrification products that contribute to balancing global uses and emissions of carbon. The Company intends to achieve exponential growth and extraordinary financial, natural, and social gains by building, owning, and operating a fleet of advanced carbon neutral extraction and refining facilities, by selling an array of complimentary process solutions and related services, and by licensing selected technologies to qualified strategic partners. To learn more, please visit www.comstock.inc.

Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Focusing on its mission. Comstock Mining hosted a webcast to discuss first quarter results and recent developments. The company is going all in on technologies that enable systemic decarbonization. Its renewable fuels division is advancing technologies to commercialize the conversion of woody biomass into advanced cellulosic fuels. Its lithium-ion battery (LIB) recycling business, LiNiCo, is commercializing a process to crush and separate lithium-ion batteries, extract lithium, nickel, cobalt, and graphite, and use the recovered metals to produce 99% pure cathode active precursor products.

Making significant headway. Comstock is currently building commercial pilot scale cellulosic fuels and LIB facilities, and the company is preparing to commence crushing and separating operations that will produce mineral-rich black mass at its 137,000 square foot LIB recycling facility later this year and deploy lithium extraction in the same facility next year. The company’s pilot scale cellulosic fuel system will also be operational at its Wisconsin facility later this year. Comstock has established a near-term goal to commission its first 100 million gallon biorefinery by 2025 and LiNiCo expects to produce marketable, battery-grade lithium carbonate by the end of the second quarter of 2023….

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. 

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