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didnt know it was still listed on Level 1
ITS for the OUTLAW crowd
WHEN is the Satellite launch for Gen Mat
23000 SHARE BUY $$$$$$ STOCK SOOOOOOOO UNDERVALUED.
Comstock Records Significant Gains From Completion of Major Asset Sales
September 14 2023 - 06:00AM
GlobeNewswire Inc.
Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”), an innovator of technologies that enable systemic decarbonization and the energy transition by efficiently converting under-utilized natural resources into renewable energy products, today announced the successful completion of multiple asset sales, resulting in strong gains and advances of the Company’s objectives.
Investment in ABTC and the Battery Recycling Facility
The Company previously announced the sale of its Battery Recycling Facility and LINICO’s sale of certain related equipment (collectively, the “Facility”) to American Battery Technology Company (“ABTC”), for a net price of $27 million. This week, the Company completed the sales of its 9,076,923 ABTC common shares for proceeds of approximately $5.5 million, resulting in total cash proceeds of $26.5 million, net cash proceeds of $14.5 million, and a realized gain on the sale of these assets of over $7 million that will be reflected in the Company’s statement of operations in third quarter of 2023. ABTC is required to make a final payment of $0.5 million in cash, during the fourth quarter of 2023, associated with the purchase and sale agreements.
“This represents the culmination of a major asset sale objective, bringing in over $15 million in net cash proceeds during 2023, and recording a $7+ million realized gain on the sales,” stated Mr. Corrado De Gasperis, Comstock’s executive chairman and chief executive officer. “We look forward to putting this capital to very productive use in our other lines of business, including our new photovoltaic recycling facility located in Silver Springs, Nevada.”
Investment in Green Li-Ion
The Company’s 88% owned LINICO subsidiary also consummated the sale of 1,500 preferred shares, or 4%, of its 37,162 Green Li-ion Pte. Ltd. (“Green Li-ion”) shares for gross sales proceeds of $0.8 million, and a realized gain on the sale of approximately $0.6 million, and effectively valuing the remaining 35,662 shares at about $19 million.
“We originally invested $2 million in Green Li-Ion in 2021 and have watched them progress and position their technology readiness into one of the world’s first remanufacturers of spent Lithium-ion batteries into pre cursor cathode active materials,” continued Mr. Corrado De Gasperis. “They have always been and continue to be a top tier strategic technology and business partner and we very much look forward to their continued success.”
About Comstock
Comstock (NYSE: LODE) commercializes innovative technologies that contribute to global decarbonization by efficiently converting under-utilized natural resources, primarily, woody biomass into net zero renewable fuels, end of life metal extraction, and generative AI-enabled advanced materials synthesis and mineral discovery.
To learn more, please visit www.comstock.inc.
I know where there is some tree bark for sale. Wondering if LODE wants to buy it to make a lightbulb glow.
WOOOOOOOOOOOOOOOOOOW 65000 SHARE BUY PLUS 16000 AND 13000 SHARE BUYS JUST IN LAST HOUR $$$$$
STOCK SOOOOOOOOOOO UNDERVALUED
You're looking at KK in the wrong light. KK is the AI that LODE is using.
The CEO said in the call yesterday that AI was based on science, which I extrapolated to mean AI was not based on unicorns.
Think about it. KK/AI was in the early stage of development at greenstuff and is now going to make us all rich at LODE.
AI or not, KK or not, at least I can sleep good at night knowing the company is going to recycle solar panels, and maybe turn tree bark into fuel for my fishing boat motor.
LOL you can tell KK is dragging this company down the hole . . . . stupid hash oil machine.
Not bad in my opinion. Listened to the call and was happy to hear no new dilution. Nice to hear money is to start coming in from sales of 'stuff'.
Nice to hear the pilot fuel system is actually working on stuff which will allow permitting review to be quicker.
I'll be 126 years old before turning a profit on LODE but heck, that's something to look forward to.
Stone cold 100% fact.
I can hardly sit still waiting for the new report so I decided to write the LODE Q2 Earnings.
"Good morning people of Earth. I am CEO Corrado De Gasperis. Today we are releasing the Q2 earnings. First let me say that sparkly lights are really fun to look at. I just love to sit and talk to people about sparkly lights and the potential Comstock has with mining, fuel, and recycling solar panels."
"As you know, solar panels have no real value, unlike lithium batteries, which is why we want to recycle them. Also, our technology to turn tree bark into enriched uranium nuclear reactor fuel is now ready for market implementation. We are just looking for potential partners. And I would also like to update everyone that there is indeed gold in them there hills! I will now turn this call over to the COO, William McCarthy."
"Thanks Corrado. In the earnings of Q2, there were none. We did receive some moneys for a gold lease to which we immediately spent it so we can recycle solar panels and buy some more tree bark. We're currently on a course of running out of money but anticipate a company we've been working with to use our tree bark for their nuclear plant in Poland. We're sad to announce that we have to sell a LOT more shares to keep the company running but it is true, there is indeed, gold in them there hills!"
Comstock Inc. to Host Q2 Earnings Call on August 10th at 4:15 PM ET
July 26 2023 - 04:15PM
GlobeNewswire Inc.
Comstock Inc. (NYSE: LODE) (“Comstock” or the “Company”) is pleased to announce that the Company’s Executive Chairman, Director & CEO, Corrado De Gasperis and the COO, William McCarthy, will be providing an overview of recent financial results, along with upcoming milestones. We invite all investors and other interested parties to register for the webinar at the link below.
Date: Thursday, August 10, 2023
Time: 4:15 pm ET
Register: Webinar Registration
HAVE QUESTIONS? There will be an allotted time following the live presentation for a Q&A session. Unaddressed questions will be reviewed by management and responded to accordingly. You may submit your question(s) beforehand in the registration form (linked above) or by email at: ir@comstockinc.com.
About Comstock
Comstock (NYSE: LODE) commercializes technologies that enable systemic decarbonization by efficiently converting under-utilized natural resources into renewable energy products, and by leveraging physics based artificial intelligence for more efficient and effective mineral and materials discovery. To learn more, please visit www.comstock.inc.
once mine feasibility is established
So they don't know it anything is worth mining out there . . .
Yes great news indeed ! Great price to jump in now !!! LODE $$$
The Mineral Lease has a term of 20 years and would automatically continue once mine feasibility is established and for so long as Mackay is engaged in mining operations and in full compliance with the Mineral Lease. The fees associated with the Mineral Lease included a $1.25 million initiation fee that was fully paid at signing plus $1.5 million per annum for the first four years, and $1 million per annum thereafter, in all cases plus expense reimbursements of approximately $200,000 per year. Comstock also retains a 1.5% net smelter return royalty from all future precious metal production.
Martyn Buttenshaw, Mackay’s chief executive officer said, “Our geologic team is excited and ready to commence mineral exploration and partnering with Comstock, both in terms of their existing knowledge and beyond. We have already accumulated a remarkable amount of data and insights into the northern targets and are keen to get started.”
The Mineral Lease contains non-competition restrictions prohibiting Mackay from staking property within two miles of any of the property owned or leased by Comstock in the District (including both Lyon County and Storey County properties) and mutual rights of first refusal with respect to the sale of certain mining assets for both parties./
NEWS OUT TODAY COMSTOCK LEASEING OUT NORTHERN PROPERTIES $$$$$$$
Is it my imagination, or did LODE just get a million dollar farmin deal on their northern Comstock blocks??
upload23 on lodes website. emailed ir. very active got back to me quick. told him we got to do prs to be seen on yahoo finance, ihub and twitter
watched the new company video on metals and fuels. made me want to go out and recycle a solar panel and turn a tree into gasoline.
Thought the company did a good job showing people just what it is Comstock is trying to achieve in the next few years.
Now the wait begins to see if they can get interest from investors in the company and the technology.
our lithium process is going to kill. they say not enough lithium for what we need UP UP AND AWAY NEXT PR AND WE GET OVER BUCK
a complete lack of respect for a ''high''
Hahaha!! More funnies…
ur out of your mind. we could be over buck today. friday at the latest. we will be at 3 thats right in a year from now.
WE GOT MONSTER BUSINESS PLAN, JUST WAIT TILL THEY START THE PR MACHINE.
OUR GOLD FINDER CO IS A MONSTER 222222222222
$3 by 12/31/23 after a 1:10 reverse split -
wait till co puts out pr about new deals with their tech or there gold finding co puts our prs also
$2 here we come. employees get 2nd half bonus at 12.50.
Where do you think LODE price will be in another year? $10.00/share? $100.00?
LOL you can tell KK is still trying to fire up his hash oil machine. Patents expired worthless.
forgot I own this ,,,but its in my slush account
Just out a few minutes ago…
https://twitter.com/comstockfuels/status/1669050255332225029?s=61&t=yVFUOJsDIX47DnFKN2pKtQ
SUMMER /OF THE PENNIES $$$$$ LODE KILLER PENNY. BUCKS HERE WE COME
25K AND 35K SHARE BUYS. UP UP AND AWAY TOP PEOPLE GET 2ND HALF BONUS AT 12.50. KILLER HERE $$$$$$$$$$$$$
Four days ago…
1/ If you are a leading hydrotreating engineer or fuel company leader, let's connect about @ComstockFuels and our cost-effective, extremely efficient, 2X high yield breakthroughs w/cellulosic processing and woody biomass. As the co-inventor of corn oil extraction technology... https://t.co/DfMehEQuni
— David Winsness (@dwinsness) June 7, 2023
Though it's quiet on this board ,I'm in at .51 and holding for $s
top management get 2nd half of bonus at 12.50. co thinks worth over $20 $$$$$$$
stock sooooooo undervalued. little monster here. wish they started finding the gold and silver with their ai co.
wish they did more prs and flex their muscles. $$$$$$$$$
Maybe … what’s happening
Since a few days is very interesting. Technically, the RSI became cold and just touch the M50 on 0.50 usd.
Ready to go to 1 dollar !
Crossed fingers
Subliminal message?
👍(NYSE: LODE) https://t.co/iNg6VfPHWC
— Corrado DeGasperis (@CDe_Gasperis) June 2, 2023
8-K filing: https://www.sec.gov/Archives/edgar/data/1120970/000112097023000039/lode-20230525.htm
Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 25, 2023, the Company held its Annual Meeting of Stockholders (the “Annual Meeting”). During the Annual Meeting, stockholders of the Company were asked to consider and vote upon four proposals: (1) election of the seven Board of Directors nominees set forth in the Company's 2023 Proxy Statement, (2) ratification of the appointment of Assure CPA, LLC as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023, (3) approval of a non-binding advisory resolution approving the compensation of the Company’s named executive officers, and (4) vote on the frequency of future shareholder advisory votes on executive compensation.
As of the record date for the Annual Meeting, March 31, 2023, there were 103,035,152 shares of common stock outstanding and entitled to vote. Of the shares of common stock outstanding on the record date, the holders of common stock entitled to vote with respect to 66,209,826 shares of common stock were represented in person or by proxy at the Annual Meeting. For each proposal, the results of the shareholder voting were as follows:
Click above link for full filing…
8-K filing: https://www.sec.gov/ix?doc=/Archives/edgar/data/1120970/000112097023000036/lode-20230512.htm
Item 8.01 Other Event.
On March 7, 2023, Comstock Inc. (the “Company”) reported on Form 8-K that LINICO Corporation (“LINICO”), a corporation that is 88.21% owned by the Company, entered into agreements with to sell certain assets for $27.0 million, including the LINICO Battery Recycling Facility (the “Facility”) to American Battery Technology Company, a Nevada corporation (“ABTC”). Pursuant to the terms of the LINICO purchase and sales agreements, $1.5 million of the purchase price will be held in escrow for up to 18 months and be available for the settlement of and buyer indemnification claims.
On March 1, 2023, LINICO received $6 million in proceeds associated with the sale of certain equipment associated with these agreements.
On March 31, 2023, the Company, LINICO and the parties amended the Facility purchase agreement, and on April 6, 2023, the parties amended and restated the Facility purchase agreement (the “First Amended and Restated Agreement”). Pursuant to the First Amended and Restated Agreement, the Company agreed to take certain action previously contemplated by LINICO, including purchasing the Facility. The Facility was being leased pursuant to an agreement that permitted the Company to purchase the Facility for a purchase price of $15.25 million ($3.25 million of which, was previously paid in the form of deposits) if LINICO elects not to or is unable to purchase the Facility. The Company subsequently received $5 million in cash upon signing the First Amended and Restated Agreement.
The First Amended and Restated Agreement previously contemplated that the Company will receive an additional (a) $10 million in cash on or before April 21, 2023 (the “Second Deposit”) and (b) 10 million shares of restricted shares of ABTC stock on or before May 1, 2023 (with a guarantee that the Company will receive additional cash and/or shares if and to the extent that the proceeds from such shares are less than $6.6 million).
On April 21, 2023, the parties amended and restated the First Amended and Restated Agreement (the “Second Amended and Restated Agreement”), pursuant to which the parties agreed, among other things, to amend the payment terms of the Second Deposit. Pursuant to the Second Amended and Restated Agreement, the Company will receive (a) $7 million in cash on or before April 21, 2023, and (b) $3 million in cash no later than May 12, 2023 (the “May Payment”). The Company subsequently received $7 million in cash upon signing the Second Amended and Restated Agreement.
On May 12, 2023, the parties amended the Second Amended and Restated Agreement (the “First Amendment to the Second Amended and Restated Agreement”), pursuant to which the parties agreed, among other things, (a) to amend the payment terms of the May Payment, whereby ABTC paid $1 million in cash and 1 million additional shares of restricted shares of ABTC upon signing of the First Amendment to the Second Amended and Restated Agreement, and will pay the remaining $2 million in cash on or before May 26, 2023. ABTC will also pay an additional $250,000 in cash to the Company on or before May 26, 2023, to extend the closing period of the agreement, as previously contemplated in the Second Amended and Restated Agreement.
The 11 million shares of ABTC stock now issued to the Company will be registered for resale pursuant to a registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission by ABTC on or around May 15, 2023.
The Company expects to receive net proceeds of approximately $15 million, $7 million, net, of which has already been received, from the sale of the Facility and related equipment, on or before September 30, 2023.
Looks like someone tried selling short today and it did not end well.
Congrats on your flip - lots of good trades, even companies with no future are popping.
Ice cream! And pizza!
Hash goes good with every meal!
However...LODE is making me greenstuff and greenstuff is making me money and, and,
oh look! A butterfly!
So is he still trying to get that hash oil machine to work? Say wow lets try this on weed instead of corn . . . it would probably work on anything.
2005? Is that the year when, "Shake shake shake, shake that boooooty.." song came out? No? Yes! Of course.
2005 was the year KK and I were out smoking weed on that lake! Now what was that lakes name?
Ain't no nevermind as KK and I were high as a kite sitting there sides that lake.thinking all Arty liken Zen it came to us!
There be money in weed! There be money in investors!
YeeHaa! Then, after many puffs of pure bliss...we all stripped off our britches and dipped skinny naked in that lake...Now what was that lakes name?
co on its way back over buck. has alot of killer things going on. gold over 2k
with whats going on with the gov over debt limit. gold will be over 2100 real soon
the sum of the parts is worth way over market cap of 74 mil. they just sold part off for around 30 mil.
co thinks stock worth 20$. their ownership of imaging will be a killer.
alot of great surprises ahead. up up and away
Show me another that has lost 80% of its value in not even 2 years since KK got involved. Lithium, yes if they have it. Biofuels forget it. That is so 2005.
u let your winners run and buy more on the way up just like i did $$$$$$$$$
little monster here. we need to get over a buck and we r on our way.
35 cents was an insane low price. co keeps advancing stock will keep going up.
see u all over buck
no ur wrong. they started with gold and silver and now r much stronger with with new toys
they r going to use the imaging from there partner on their gold first.
probably to test market it. that division going to be a killer. all the lithium and new fuels r going to sky rocket us.
they think stock worth over 20$ thats y high level management get their 2nd half bonus when it hits 12.50
this stock got everything thats y it keeps going up
SHOW ME ANOTHER STOCK THAT HAS DOUBLED IN LAST 3 MONTHS
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