Wednesday, September 04, 2019 9:00:09 PM
Yesterday they announced a new CFO Juan Carlos "JC" Giron Jr, Timothy Smith is focusing on the realty side of the business particularly the sale of the Daney ranch.
Comstock Mining Inc. (the "Company" or "Comstock Mining") (NYSE American:LODE) announced a number of salient updates on its collaboration with Oro Industries Inc. ("Oro"), and the newly formed company called Mercury Clean Up LLC ("MCU"), for the manufacture and global deployment of mercury remediation systems with proprietary mechanical, hydro, electro-chemical and oxidation processes to reclaim, treat and remediate mercury from tailings and industrial effluents.
In June 2019, announced that it would, through MCU, demonstrate the feasibility of a mercury remediation system within the historic, world-class, Comstock Lode mining district. Comstock Mining provides the platform for testing the mercury remediation system, and MCU conducts the initial trials starting with a 2 ton per hour pilot operation that could scale up to 25 tons per hour.
Oro has commenced the manufacturing for the deployment of the 2 to 25 ton per hour mercury recovery plant in July 2019, and recently completed the critical "Reverse-Helix Spiral Concentrator" component of the system. The entire system will be mounted on three separate trailers for mobility and will be set up on the Company's fully contained, double-lined processing facility during the fourth quarter with an expected start date in December 2019.
In addition to completing the Reverse-Helix Spiral Concentrator the Company, Oro and MCU have;
Identified sample locations within the Carson River Mercury Superfund Site ("CRMSS"), which will be sampled per an updated Sampling and Analysis Plan ("SAP"). Once suitable sites have been identified, bulk samples will be extracted and transported to the MCU mercury remediation system located at Comstock's American Flat processing facility located in Storey County, Nevada;
Coordinated and met with the Nevada Division of Environmental Protection ("NDEP') in mid-August, identifying project objectives, preliminary sampling plans and prerequisite approvals of engineering design changes, documentation standards, and periodic reporting requirements; and
Ordered the 200 gallon-per-minute dissolved air flotation ("DAF") water recycling treatment plant, also scheduled for delivery in December.
Oro's Helix Spiral concentrators can achieve the highest concentration ratio and recoveries possible with almost any types of material that can be concentrated by gravity. The design and engineering principles of the multi-helix spirals embedded inside the concentrator allows for full adjustment to concentrate mercury and other heavy-metal contaminants, yielding the peak concentration ratio with virtually no loss of material. This unique characteristic means higher production rates and higher yields.
Mr. De Gasperis concluded, "MCU is moving full speed ahead. Our experience in eliminating mercury contamination from the environment, coupled with their technology and processing know-how, positions a tremendous opportunity for our planet, our partners, and our company and represents a significant step forward in our strategy for delivering conservation-based, economically enhancing mining technologies."
The Company will provide additional updates in October 2019. MCU, our process technologies, and the team, will be showcased during our Annual General Meeting (AGM) scheduled for November 12, 2019, at the historic Gold Hill Hotel, 1540 S Main St, Virginia City, NV 89440.
Recent LODE News
- Form 8-K - Current report • Edgar (US Regulatory) • 09/19/2024 10:15:33 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 09/19/2024 10:01:59 AM
- Comstock Updates on Business Commercialization, Investments and Real Estate Sales • GlobeNewswire Inc. • 09/19/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/18/2024 03:16:50 PM
- Comstock Fuels Executes International License Agreement • GlobeNewswire Inc. • 09/18/2024 03:10:14 PM
- Comstock Metals Secures New and Larger Revenue Contracts • GlobeNewswire Inc. • 09/17/2024 10:00:00 AM
- Comstock Metals Secures Multiple New Revenue Contracts • GlobeNewswire Inc. • 09/10/2024 10:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 09/03/2024 05:01:23 PM
- Comstock Metals Records First Renewable Metal Shipments and Sales • GlobeNewswire Inc. • 08/20/2024 10:00:00 AM
- Comstock Validates Record Renewable Fuel Yields • GlobeNewswire Inc. • 08/15/2024 12:33:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/14/2024 09:05:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:30:45 PM
- Comstock Announces Second Quarter 2024 Results and Corporate Updates • GlobeNewswire Inc. • 08/08/2024 08:15:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:02:15 PM
- Comstock Secures $325 Million Term Sheet for Investments and Real Estate Sales • GlobeNewswire Inc. • 08/08/2024 01:15:00 PM
- Comstock Inc. to Host Q2 Earnings Call on August 8, 2024, at 4:30pm ET • GlobeNewswire Inc. • 07/25/2024 08:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/19/2024 10:15:23 AM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 07/19/2024 10:05:29 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/19/2024 10:01:58 AM
- Comstock Terminates Equity Purchase Agreement with New $2.5 Million Investment • GlobeNewswire Inc. • 07/19/2024 10:00:00 AM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 07/18/2024 08:21:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/17/2024 08:16:26 PM
- Comstock Inc. Publishes its 2Q24 Stakeholder Perception Analysis Report • GlobeNewswire Inc. • 07/17/2024 10:00:00 AM
- Comstock Metals Secures First Industry-Scale Facility for Recycling Expansion • GlobeNewswire Inc. • 07/15/2024 10:00:00 AM
- Comstock Metals Receives County Operating and Storage Permit for Recycling Expansion • GlobeNewswire Inc. • 06/24/2024 10:00:00 AM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM