Seems that half of the grants are performance goals: 50% of the Performance Share Units shall vest on the date (which shall be no later than the third anniversary of the Grant Date) that the Committee shall determine in its sole and absolute discretion that the following Performance Goals have been achieved. For the sake of clarity, up to 1/17th of 50% of the Performance Share Units shall be permitted to vest upon the Committee’s determination that each of the seventeen individual Performance Goals has been achieved.
Establish and Grow our Lyon County Mineral Properties Values:
•Establish the Dayton Resource area’s maiden, stand-alone mineral resource estimates (1);
•Expand the Dayton-Spring Valley Complex (Including exploration drilling and geophysical (2);
•Develop the expanded Dayton-SV toward full economic feasibility, supporting decision to mine (3);
•Entitle the Dayton-SV Complex with geotechnical, metallurgical, environmental studies and permitting (4);
•Assess and Capitalize on Value Enhancing Expansion Opportunities (5);
Validate the Comstock NSR Royalty portfolio (Lucerne Mine, Occidental Lode, Comstock Lode, etc.) (6);
Commercialize a Global, ESG-compliant, Profitable, Mercury Remediation System:
•Establish the technical efficacy of Comstock Mercury System, protect the intellectual property (7);
•Deploy and Operate the first international mercury remediation project by deploying MCU’s second and third mercury remediation systems, into the Philippines (8);
•Identify, evaluate and prioritize a pipeline of potential mercury remediation projects and deploying the third and fourth mercury remediation projects, producing extended, superior cash flow returns (9).
Monetize Non-strategic Assets
•Monetize our third-party, junior mining securities responsibly, for $12.5 million+ (10);
•Monetize our non-mining assets for $12.5 million, excluding the Gold Hill Hotel (11);
•Grow the value of our Opportunity Zone investments to over $30 million (12);
•Close of Lucerne sale (incl. assigning liability; maintaining reimbursements; NCJV; Note payoffs, etc.) (13);
Build a quality organization
•Deploy a systemic organization, capable of accelerating growth and handling complexity
a.Maintaining Capital Structure – Financial Accounting & Reporting (Y-28 Days; Q-1 18 Days) (14);
b.Expanding the investment base with keen investors (Institutional +50%; ESG + 30%) (15);
c.Maintaining the Operating Platform & Permits – Health, Safety & Environmental (16); and
d.Maintaining Social Credo – Comstock Responsible & Environmental-Sustainable-Governance (17).
Performance Goal (up to 5 years)
The remaining 50% of the Performance Share Units shall vest on the date (which shall be no later than the fifth anniversary of the Grant Date) that the Committee shall determine in its sole and absolute discretion that the share price of the Company meets or exceeds $12 per share for 20 out of 30 consecutive trading days.
