Monday, March 20, 2023
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.
A look back at 2022. Last year was a productive year for Comstock. Most importantly, Comstock’s Cellulosic Fuels business commenced production and shipping of bio-intermediate product samples to prospective customers and is advancing licensing agreement discussions with multiple renewable fuel producers. Comstock expanded the leadership of its metals recycling business and received a conditional use permit to operate a universal waste storage facility. Within its mining segment, the company reconsolidated its properties which host measured and indicated resources containing 605,000 and 5,880,000 ounces of gold and silver, respectively, and inferred resources containing 297,000 ounces of gold and 2,572,000 ounces of silver.
Goals for 2023. Executing one or more license agreements associated with its biorefining technologies and commencing development of commercial scale projects remains the most significant revenue opportunity in 2023. Within its mining segment, Comstock expects to publish preliminary economic assessments for the Lucerne and Dayton resource areas. Within its lithium-ion battery recycling segment, the company expects to advance the technology readiness for broader material recycling, including photovoltaics.
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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.
