Friday, March 05, 2021
Comstock Mining (LODE)
Comstock Transforms Its Business Model to Accelerate Growth
Comstock Mining Inc is a mining company with a focus on gold and silver deposits in the Comstock and Silver City mining districts in Nevada. Its operations are divided into two segments, namely mining and real estate. Its mining projects include The Lucerne Resource area, the Dayton Resource area, the Spring Valley exploration target, the Northern Extension, Northern Targets and Occidental areas. The Real Estate segment involves land, real estate rental properties and a hotel, restaurant & bar provided by the Gold Hill Hotel located in Gold Hill, Nevada just south of Virginia City and the Daney Ranch, located just south of Silver City. The majority revenues are generated from the real estate segment.
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.
Comstock invests in battery metal recycling. Comstock Mining recently secured the rights to a majority equity position in LiNiCo Corporation, a private lithium-ion battery recycling company that recently acquired a battery metal recycling facility from Aqua Metals, Inc. (NASDAQ: AQMS, Not Rated) located in the Tahoe Reno Industrial (TRI) Center in Nevada. LiNiCo’s battery recycling facility is near Tesla’s Gigafactory #1 in TRI Center.
Terms of the transaction. Comstock will pay $4,500,000 in cash and 3,000,000 shares of its restricted common stock, representing up to $10,750,000 in consideration for up to a 64.02% ownership position in LiNiCo. Comstock’s investment represents diversification into critical electrification metals, including cobalt, lithium, nickel and silver thus complementing and expanding the company’s existing…
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.
