Movers and SHAKERS
Comstock Mining (LODE)
Off to a Solid Start in 2022
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.
Refer to the full report for the price target, fundamental analysis, and rating.
Majority ownership of LiNiCo. Comstock Mining acquired an additional 3,129,081 common shares in LiNiCo Corporation from its founder and former CEO in exchange for 3,500,000 restricted Comstock common shares. Additionally, Comstock acquired an additional 4,075 preferred shares increasing its ownership to 90% from 45%. The remaining 10% of LiNiCo is owned by Aqua Metals Inc. We expect LiNiCo financial results to be consolidated into Comstock’s year-end financial statements.
Potential corporate rebranding. Prior to the end of the first quarter, we think Comstock Mining may re-brand to better align with its emerging core businesses, Battery Metal Recycling and Cellulosic Fuels, and to reflect its transformation into a renewable energy company seeking to promote decarbonization within the transportation sector. Moreover, we think management may provide more detailed ...
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.