Thursday, March 31, 2022
Comstock Mining (LODE)
Advancing from a Vision to Commercialization
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.
Core businesses. The company’s renewable fuels division, Comstock Fuels, is advancing technologies to commercialize the conversion of woody biomass into advanced cellulosic fuels. Comstock’s 90%-owned lithium-ion battery recycling business, LiNiCo, intends to commercialize 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. The company appears to be on track to meet milestones that we have discussed in previous notes.
Investor webcast. Comstock Mining hosted a webcast this week to discuss accomplishments during 2021 and the outlook. The company is still in investment mode as it lays the foundation for future earnings. Management reiterated its goal to generate annual revenues of at least $16 billion by 2030. Comstock is building commercial pilot scale cellulosic fuels and lithium-ion battery (LIB) facilities and …
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.
