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Comstock Mining Inc

Pure Comstock Silver Nevada Sesquicentennial Medallion This limited edition medallion commemorates Nevada’s Sesquicentennial and is the first substantial minting of Comstock Silver since the Carson City Mint closed in 1893.
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Pure Comstock Silver Nevada Sesquicentennial Medallion

NYSE MKT: LODE
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Comstock Mining Inc
Press Releases
Tuesday, April 25, 2017

Comstock Mining Announces Notice of First Quarter 2017 Results and Business Update Conference Call

Virginia City, NV (April 25, 2017) Comstock Mining Inc. (the “Company”) (NYSE MKT: LODE) will host a conference call on Thursday, May 4, 2017 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report First Quarter 2017 results and provide a business update. The live call will include a moderated Q&A, after the prepared remarks.  The dial-in telephone numbers for the live audio are as follows:

North American Toll Free: 888-297-8935; confirmation code 9641049

International: +1 416-849-4292; confirmation code 9641049

The audio will be available, usually within 24 hours of the call, on the Company website:

http://www.comstockmining.com/investors/investor-library

Also, the Company is pleased to announce that Corrado De Gasperis, Executive Chairman and CEO, will attend the 2017 Mines and Money Conference.  This conference is an exclusive event for investors who specialize in junior mining projects being held on May 3 - 4, 2017, at the New York Hilton in Midtown Manhattan.

Mr. De Gasperis will participate in one-on-one meetings with registered conference investors and provide a strategic update, including recently completed transactions and the near and longer-term objectives of the Company’s business plans. Registration for these meetings is for qualified institutional investors, asset managers and private investors. If you would like to register to attend the conference, please go to the following website: (http://newyork.minesandmoney.com/), and click “Register.”

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing and accounting for restructuring charges, gains or losses on debt extinguishment,  derivative liabilities and the impact thereof; productivity, production slowdowns, suspension or termination, business process, rationalization and other operational initiatives; investments, acquisitions, joint ventures, strategic alliances, business combinations, asset sales; consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; including a redemption of the debenture, and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth and redemption of the Debenture.

The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.
Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
President & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Investor Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Tuesday, April 18, 2017

Comstock Mining Announces Google’s Parent Investment In Northern Nevada In Immediate Vicinity of Comstock’s Certified Industrial Site

Virginia City, NV (April 18, 2017) - Comstock Mining Inc. (“Comstock” or the “Company”) (NYSE MKT: LODE) announced today, and the Wall Street Journal reported recently, that Google purchased 1,210 acres for $29.1 million at the Tahoe Reno Industrial (“TRI”) Center located in northwestern Nevada. Google will join other landmark companies such as Tesla, Switch, WalMart, Home Depot and many others, that are already investing or have existing operations at the TRI Center, located in the direct vicinity of the Company’s shovel-ready, 98-acre Comstock Industrial Site in Silver Springs, Nevada.

Corrado De Gasperis, President & CEO of Comstock Mining Inc. said, “Some of the world’s best companies continue to validate, with hard invested money, the competitive advantages and benefits of doing business in northern Nevada, and especially in Storey and Lyon Counties.  We are the second largest landowner in Storey County and we have extensive lands along Highway 50, in Lyon County, Nevada.  Our Comstock industrial Site is the perfect opportunity for companies looking to strategically and easily locate in business-friendly northern Nevada and join a network of global industries that are rapidly advancing their projects. We look forward to Governor Sandoval providing more information about Alphabet-Google and other companies locating here.”

 4 48 17

Last month, the Company’s 98-acre Comstock Industrial Site received Nevada Certified Site accreditation from the Northern Nevada Development Authority (NNDA). This shovel-ready site is in immediate proximity of the super-routed USA Parkway and Highway 50 intersection. It is strategically located between the Silver Springs Airport and the recently re-zoned Downtown Silver Springs parcels and the USA Parkway—that is scheduled for completion later this year.

The Nevada Certified Site Program is designed to provide critical decision-making information to business owners, developers and site selectors to allow informed, expedited decisions. The Nevada Certified Site designation serves as a pre-qualification for buyers, indicating that a property’s title is clear, appropriately zoned, possesses sufficient utilities, adequate transportation access and other critical infrastructure for industrial and commercial uses. It also includes a confirmation that a positive, Phase One environmental assessment has been completed, among many other criteria. The designation ensures that a company’s expansion plans will not be held back by costly delays in permitting and approvals.

The 98-acre Comstock Industrial Site in Silver Springs, Nevada, is also located adjacent to the Silver Springs Airport, multiple, expansive parcels of commercial and industrial properties and immediately within the municipal water and sewer service area, serviceable by electrical power, natural gas, and communications. The Company also owns more than 256 acre-feet of the most senior water rights in the basin. NNDA has uploaded the certified site information packet at this link:
http://www.nevadacertifiedsites.com/service/98-acre-commercialindustrial-site/

The property is ideally situated with excellent logistics in immediate proximity to where USA Parkway (State Route 439) connects with US 50 from Interstate 80, through the TRI Center, also known as the largest industrial park in the world. The Company plans to sell certain, non-mining related lands, buildings and water rights, including the Certified Site, for expected net cash proceeds of more than $14 million during the next 12 to 18 months. The Nevada Department of Transportation has an animated flythrough of USA Parkway (SR 439) that can be viewed at this link:
http://www.nevadadot.com/projects-programs/road-projects/usa-parkway

 About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing and accounting for restructuring charges, gains or losses on debt extinguishment,  derivative liabilities and the impact thereof; productivity, business process, rationalization, investment, acquisition, consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
President & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Investor Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Monday, April 10 , 2017

Comstock Mining Announces Sweeping Master Plan and Zone Changes in Silver Springs Nevada Board of County Commissioners Unanimously Votes for Economic Growth!

Virginia City, NV (April 10, 2017) - Comstock Mining Inc. (“Comstock” or the “Company”) (NYSE MKT: LODE) announced today, that the Lyon County Board of Commissioners unanimously approved both a major, expansion-friendly master plan amendment for the Silver Springs Airport and commercial zoning for a centrally-located 160-acre parcel, both of which are in the immediate vicinity of the Company’s recently approved, shovel-ready, 98-acre Comstock Industrial Site in Silver Springs, Nevada.

Corrado De Gasperis, President & CEO of Comstock Mining Inc. said, “The Lyon County Commissioners have demonstrated outstanding leadership by making critical land use changes that support and facilitate the economic development opportunities spreading throughout our region. Our property sits squarely in the middle of these changes.”

The Company’s 98-acre Comstock Industrial Site is available for development and recently received the Nevada Certified Site accreditation from the Northern Nevada Development Authority (NNDA). It is in immediate proximity of the super-routed USA Parkway and Highway 50 intersection.   This site is located in the direct vicinity of the expanding Tahoe Reno Industrial (“TRI”) Center, the Silver Springs Airport, the now re-zoned Downtown Silver Springs parcels and the USA Parkway—that is scheduled for completion later this year.

The Nevada Certified Site Program is designed to provide critical decision-making information to business owners, developers and site selectors to allow informed, expedited decisions. The Nevada Certified Site designation serves as a pre-qualification for buyers, indicating that a property’s title is clear, appropriately zoned, possesses sufficient utilities, adequate transportation access and other critical infrastructure for industrial and commercial uses. It also includes a confirmation that a positive, Phase One environmental assessment has been completed, among many other criteria. The designation ensures that a company’s expansion plans will not be held back by costly delays in permitting and approvals.

ComstocksiteSS

The 98-acre Comstock Industrial Site in Silver Springs, Nevada, is also located adjacent to the Silver Springs Airport, multiple, expansive parcels of commercial and industrial properties and immediately within the municipal water and sewer service area, serviceable by electrical power, natural gas, and communications. The Company also owns more than 256 acre-feet of the most senior water rights in the basin. NNDA has uploaded the certified site information packet at this link:
http://www.nevadacertifiedsites.com/service/98-acre-commercialindustrial-site/

The property is ideally situated with excellent logistics in immediate proximity to where USA Parkway (State Route 439) connects with US 50 from Interstate 80, through the TRI Center, also known as the largest industrial park in the world. The Company plans to sell certain, non-mining related lands, buildings and water rights, including the Certified Site, for expected net cash proceeds of more than $14 million during the next 12 to 18 months. The Nevada Department of Transportation has an animated flythrough of USA Parkway (SR 439) that can be viewed at this link:
http://www.nevadadot.com/projects-programs/road-projects/usa-parkway

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing and accounting for restructuring charges, gains or losses on debt extinguishment,  derivative liabilities and the impact thereof; productivity, business process, rationalization, investment, acquisition, consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
President & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Investor Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Tuesday, April 4 , 2017

Comstock Mining Announces 2017 Annual Meeting and Record Date

Virginia City, NV (April 4, 2017) – Comstock Mining Inc. (“Comstock” or the “Company”) (NYSE MKT: LODE) announced today, that its 2017 Annual Meeting of Shareholders is scheduled for Thursday, June 1, 2017, at the historic Gold Hill Hotel Great Room, 1540 Main Street, Gold Hill, Nevada.  The meeting will begin at 9:00 a.m., and will include an update on the Company’s geological developments and the gold industry. 

The 2017 Annual Meeting schedule is as follows:

Thursday, June 1, 2017:
8 a.m. – 9 a.m. - Continental Breakfast
9 a.m. – Noon - 2017 Annual Shareholders Meeting, Company Presentations, Q & A

Lunch will be served at the Gold Hill Hotel following the presentations.

Shareholders are invited to register for this event via the Company website:
http://www.comstockmining.com/investors/investor-relations

The record date for the Annual Meeting is April 11, 2017.  Only shareholders of record at the close of business on April 11, 2017, may vote at the meeting.  The Company’s proxy statement will be sent to shareholders of record and will describe the matters to be voted upon.

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing and accounting for restructuring charges, gains or losses on debt extinguishment,  derivative liabilities and the impact thereof; productivity, business process, rationalization, investment, acquisition, consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
President & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Investor Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Tuesday, March 28 , 2017

Comstock Mining Receives Coveted Nevada Site Certification on Silver Springs Property

Virginia City, NV (March 28, 2017) - Comstock Mining Inc. (“Comstock” or the “Company”) (NYSE MKT: LODE) announced today, that along with its subsidiary, Comstock Industrial LLC, it received the Nevada Certified Site accreditation from the Northern Nevada Development Authority (NNDA) on its strategically situated, 98-acre industrial property in Silver Springs, Nevada, in immediate proximity of the super-routed USA Parkway and Highway 50 intersection.   The site is located in the direct vicinity of the expanding Tahoe Reno Industrial (“TRI”) Center, the Silver Springs Airport and the USA Parkway—which enables the most efficient throughways to Fallon, Yerington, Carson City, Las Vegas, Phoenix, and Los Angeles, and beyond. This site is only the second site to achieve this Northern Nevada certification and is the first certified in Lyon County.

2017 3 28

The Nevada Certified Site Program is designed to provide critical decision-making information to business owners, developers and site selectors to allow informed, expedited decisions. The Nevada Certified Site designation serves as a pre-qualification for buyers, indicating that a property’s title is clear, appropriately zoned, possesses sufficient utilities, adequate transportation access and other critical infrastructure for industrial and commercial uses. It also includes a confirmation that a positive, Phase One environmental assessment has been completed, among many other criteria. The designation ensures that a company’s expansion plans will not be held back by costly delays in permitting and approvals.

NNDA also cited several positive factors for locating a business in Nevada:

  • Nevada consistently ranks as one of the top ten states to do business based on taxation & regulation, workforce quality, and living environment;
  • Northern Nevada’s centralized location can reach 11 western states within one to two transport days;
  • Nevada’s favorable tax structure does not have a Corporate Income Tax, Personal Income Tax, Inventory Tax, Unitary Tax, Estate Tax, Gift Tax, Franchise Tax, Inheritance Tax or Special Intangible Tax; and
  • Nevada has one of the lowest costs to incorporate in the U.S.

“The commercial and industrial real estate market in the Sierra Region is growing dramatically,” said NNDA Executive Director Robert Hooper. “Industrial vacancy rates are down and, in many cases, current buildings are not meeting the market’s needs. Building a new facility to meet the specialized needs of today’s market is ideal but can take too long to get through the due diligence and approval processes. The Nevada Certified Site program solves the problem and helps buyers, sellers and developers accelerate their economic goals by doing and certifying the heavy administrative work up front.”
To become certified, the owners of a property must prove that their land meets 35 different requirements and benchmarks designed to speed up the due diligence period most buyers go through. The program is designed to support businesses that are looking to construct their own building, but don’t have the time to wait while all of the preliminary assessments are done on the property.   

Corrado De Gasperis, President & CEO of Comstock Mining Inc. said, “We are pleased to receive this advantageous site certification from NNDA. The NNDA process was incredibly thorough and collaborative, especially working with Lyon County officials and local utilities.  The certification required us to meet more than 30 different prerequisites and benchmarks, all designed to expedite the development process most buyers go through.  Essentially, this site is ‘shovel ready’, saving everyone time and money.”

The 98-acre Comstock Industrial site in Silver Springs, Nevada, is also located adjacent to the Silver Springs Airport, multiple, expansive parcels of commercial and industrial properties and immediately within the municipal water and sewer service area, serviceable by electrical power, natural gas, and communications. The Company also owns over 256 acre-feet of the most senior water rights in the basin. NNDA has uploaded the certified site information packet at this link:
http://www.nevadacertifiedsites.com/service/98-acre-commercialindustrial-site/

The property is ideally situated with excellent logistics in immediate proximity to where USA Parkway (State Route 439) connects with US 50 from Interstate 80, through the TRI Center, also known as the largest industrial park in the world. The Company plans to sell certain, non-mining related lands, buildings and water rights, including the Certified Site, for expected net cash proceeds of more than $14 million during the next 12 to 18 months. The Nevada Department of Transportation has an animated flythrough of USA Parkway (SR 439) that can be viewed at this link:
http://www.nevadadot.com/projects-programs/road-projects/usa-parkway

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing and accounting for restructuring charges, gains or losses on debt extinguishment,  derivative liabilities and the impact thereof; productivity, business process, rationalization, investment, acquisition, consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 

 

http://www.comstockmining.com

 

 

Corrado De Gasperis
President & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Investor Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Thursday, March 16 , 2017

Comstock Mining Presenting at the 2017 MicroCap Conference

Virginia City, NV (March, 16, 2017) Comstock Mining Inc. (the “Company”) (NYSE MKT: LODE) is pleased to announce that Corrado De Gasperis, Executive Chairman and CEO, will attend and present at the 2017 MicroCap Conference.  This conference is April 4, 2017, in New York City at the Essex House and is an exclusive event for investors who specialize in small and microcap stocks.

Mr. De Gasperis will provide a Company update during the live presentation, including the recently completed strategic financing and Company-specific plans to resume the exploration drilling and development for the Dayton mine. He is also scheduled to participate in one-on-one meetings with registered conference investors.  Registration for these meetings is only for qualified portfolio managers, analysts and private investors. If you would like to register to attend the conference, please go to the following website:
(www.microcapconf.com), and click “Register”.

Mr. De Gasperis’ presentation will take place on Tuesday, April 4, 2017 at 5:00 p.m. Eastern Time. 

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing and accounting for restructuring charges, gains or losses on debt extinguishment,  derivative liabilities and the impact thereof; productivity, production slowdowns, suspension or termination, business process, rationalization and other operational initiatives; investments, acquisitions, joint ventures, strategic alliances, business combinations, asset sales; consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; including a redemption of the debenture, and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth and redemption of the Debenture.

The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 

 

http://www.comstockmining.com

 

 

Corrado De Gasperis
President & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

Judd Merrill
Chief Financial Officer
Tel (775) 847- 7524
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

Zach Spencer
Investor Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Thursday, March 9 , 2017

Comstock Mining Announces 2016 Year End Results

Delivered Lowest, Sustainable Cost Structure for Production-ready U.S. Junior Miner

Virginia City, NV (March 9, 2017) Comstock Mining Inc. (the “Company”) (NYSE MKT: LODE) today announced selected strategic and financial highlights for the year ended December 31, 2016.

2016 Selected Strategic Highlights

  • Annualized cost reduction exceeds $8 million target in 2016, versus 2015, positioning the Company among the lowest operating cost structures in its peer group.
  • Refinanced the Company’s obligations, extended maturities, improved liquidity and positioned the Company to resume drilling and development.
  • Nevada Supreme Court positively affirmed the Company’s zoning for the Dayton, prompting the exploration drilling and development of entire southern portion of the District.
  • Completed the exploration and permitting plans for the Dayton Mine, toward goals of resource expansion, reserve feasibility and preparation of mine plans in the next two years.
  • Expanded permits for future leaching and exclusive Right-of-Way for increased hauling.
  • Commenced column testing, with federally funded research grants through Cycladex Inc., a strategic investee, for, faster, cheaper, safer leaching solutions and processes.
  • Received 2016 first place for “Mine Operation Safety” from Nevada Mining Association.
  • Completed strategic land and water rights acquisition, permitting and zoning in the immediate vicinity of the Tahoe-Reno Industrial Center and the new USA Parkway.
  • Continued non-mining asset sales with expected cash proceeds in excess of $14 million.

Corrado De Gasperis, Executive Chairman and CEO of the Company stated: “Our completion of these dramatic cost reductions puts us among, if not at, the lowest cost in our peer group, including sustainable reductions of G&A by two-thirds.  Our non-mining land sales are designed to deliver a debt-free balance sheet and accelerate our resource growth. We are now planning to commence drilling in the second quarter.”

2016 Selected Financial Highlights

  • Mining revenue was $4.9 million for 2016, as compared to $18.2 million for 2015.
  • Successfully concluded leaching operations in December, 2016, with final metallurgical recoveries yielding almost 90% for gold and 60% for silver.
  • Completed annualized cost reductions of over $8 million, including 48% G&A reductions for 2016, and projected 65% reductions for 2017, both as compared to 2015,
  • Exploration and mine development expense was $4.6 million for the full year 2016, primarily for the Lucerne underground exploration and development and Dayton pre-feasibility activities.
  • General and administrative expenses were $3.5 million for full year 2016, a 48% reduction driven by reductions in payroll and administrative expenses. 
  • Net cash used in operations was $2.6 million for 2016, resulting primarily from increased exploration and mine development expenditures.
  • Net cash provided by investing activities was $2.6 million for the year ended, resulting primarily from equipment sales.
  • Net loss was $12.9 million for the year ended 2016, resulting from lower mining revenues and increased exploration and mine development expenses for Lucerne.
  • Total debt obligations at December 31, 2016, were $9.5 million, ($6.2 million excluding the $3.3 million borrowed to purchase strategic land and water rights) a 53% reduction as compared to $13.3 million at December 31, 2015, before the land and water purchase. 

Corrado De Gasperis, Executive Chairman and CEO of the Company stated: “Our completed streamlining will result in lower 2017 costs in all categories, especially in G&A, where we have already effected more than a $1 million decrease from 2016.  This allows us to maximize our investment capital in exploration drilling and development, for maximum resource growth.  We now have the properties, the zoning and the permits to efficiently expand the resource.”

Exploration and Development
The Company expanded its exploration planning to include longer-term exploration targets across the broader Comstock District where multiple miles of additional mineralized strike zones have been identified and added to the Company’s exploration planning activities. This includes the southern portion of the Dayton Resource Area, extending further south into the Spring Valley Group (refer to Figure 1), the Company’s Northern properties referred to as the Gold Hill Group and also northeastern properties within the Occidental Group.

Dayton Resource Area
The Dayton Resource area is southwest of Silver City in Lyon County, Nevada. It generally includes the Dayton, Kossuth and Alhambra claims, including the old Dayton Consolidated mine workings, south to where the Kossuth claim crosses State Route 341. The Dayton Resource area ranks as one of the Company’s top exploration and potential mine production targets. In January 2014, the Lyon County Board of Commissioners approved a strategic master plan and zoning changes on the Dayton, Kossuth and Alhambra mining claims and other properties located in the Dayton Resource Area, enabling a more practical, comprehensive feasibility study for mining.  Although this decision was appealed, on December 2, 2016, the Nevada Supreme Court entered an order affirming all three of the District Court’s decisions associated with 1) the Commissioners’ discretion and authority for changing master plans and zoning, 2) their compliance with Nevada’s Open Meeting Law and 3) their compliance with Nevada statutory provisions. The positive Supreme Court decision now enables the Company to progress its exploration and development plans toward full feasibility and production planning.  The Company plans to advance the Dayton Resource Area to full feasibility, with a production ready mine plan within the next two years.

A draft plan has now been designed for an expanded drilling program that would include Reverse Circulation (RC) and diamond core drill holes to place the Dayton Resource into a mine planning stage. The mine planning would incorporate the existing data and would be expanded by the additional infill, geotechnical and definition drilling. A Reverse Circulation (RC) drill program was designed to initially test the hydrologic regime within the proposed mine and process facility. The diamond hole locations would be specifically selected to define the hydrological, geotechnical and metallurgical properties during 2017, drilling programs.

The geological and geophysical characteristics of the mineralization defined for the Dayton Resource Area are also projected south into Spring Valley. Economic gold mineralization has been intercepted in several wide spaced drill holes conducted during numerous prior Spring Valley drilling programs. Over the past several months, the technical staff has identified multiple drill targets within several specific locations that encompass the Dayton Resource area and Spring Valley. The new targets are based on the Company's latest review of previous geophysical studies and current interpretation of the geology.

Non-Mining Asset Sales
During 2016, the Company completed an industrial land and water rights acquisition, for $3.3 million, including the completion of permitting and zoning in the immediate vicinity of the Tahoe-Reno Industrial (“TRI”) Center and the new USA Parkway.  The Company anticipates these properties will be certified as “shovel ready” during April 2017.  The TRI Center is just nine miles from Reno, Nevada with local access to the Reno Tahoe International Airport. Exit 32, the new USA Parkway (aka, State Route 439), is now becoming the main thoroughfare and crosses the heart of the TRI Center for 16 miles, eventually extending all the way to U.S. 50, within immediate proximity of our recently purchased industrial land and water rights. Current industrial park residents include Tesla, Switch, FedEx Supply Chain Services, PetSmart, Toys R Us, US Ordinance and Wal-Mart Distribution Center. 
Tesla began battery cell production this year. By 2018, the Gigafactory will reach full capacity and produce more lithium ion batteries annually than were produced worldwide in 2013.  Tesla and its partners will invest up to $5 billion in the Gigafactory through 2020.

Switch, a global technology solutions provider, announced the opening of the Citadel Campus in February, 2017. The facility is the largest, most advanced data center campus in the world and is also located in the Tahoe-Reno Industrial Center. The opening of Switch’s super-scale data center (aka, The Citadel Campus), is expected to provide up to 7.2 million sq. ft. of data center space in the 2,000 acre campus.

Most recently, local media has reported the upcoming announcement of a third anchor company, potentially bigger than Tesla or Switch, committing to the industrial park, amongst dozens of ancillary businesses, four hotels and related infrastructure. 

The USA Parkway extension is scheduled to be open this summer to traffic, two years earlier than originally expected, attracting an estimated 16,000 workers to the area, according to the Nevada Department of Transportation. The $75.9 million project will extend the roadway by more than 12 miles through Storey and Lyon counties and connect Interstate 80 to U.S. 50, NDOT officials said. 

“That means it will link the greater Reno-Sparks area with the U.S. 50 corridor in Silver Springs, which could attract more people, businesses and commerce to the Tahoe Reno Industrial Center. It could also help improve the economy, especially in Lyon County,” Gov. Brian Sandoval said at the ground-breaking ceremony this past summer.

These industrial assets and water rights sit on the U.S. 50 corridor, at the USA parkway intersection, coupled with other properties on the U.S. 50 corridor, are expected to bring $14 million in proceeds. 

Outlook
The Company plans to sell non-mining related lands, buildings and water rights, for expected net cash proceeds of more than $14 million during the next twelve to eighteen months resulting in net profit of more than $8 million. These proceeds will be free of income taxes, eliminate current debt obligations and strengthen the financial position of the Company.

During the second quarter of 2017, the Company also plans on commencing Reverse Circulation (RC) drilling in Dayton sufficient to finalize the parameters of a mine plan and commence the permitting for the Dayton Mine. Infill drilling is expected to significantly expand the reserve potential for the Dayton mine plans. The Company has developed grade shells with higher average grades and believes the Dayton to have economically feasible potential and plans on developing those mine plans toward full feasibility during 2017, and production within the next two years. The Lucerne mine is fully permitted and requires additional drilling and development for advancing feasibility and establishing reserves for the next phase of mining.

The Company expects to operate with approximately 10 employees, including expert land, permitting, geology, engineering and metallurgical professionals. Total operating expenses for 2017, are expected to be $3.5 million, including exploration and mine development, mine claims, environmental and reclamation, and general and administrative cost but excluding depreciation and amortization.  Interest expense is expected to be $1.3 million. The Company will report the results of the Dayton exploration and development programs as they become available.

Corporate
On January 13, 2017, the Company, issued an aggregate principal amount of $10,723,000, 11% Senior Secured Debenture (the “Debenture”) due 2021. This refinancing eliminated substantially all of the Company’s current and longer terms obligations, extended maturities and enhanced liquidity 

The Debenture has a term of four years. For the first two years following the initial issue date, interest on the Debenture will be payable in cash or in the form of additional Debentures to be issued by the Company (valued at face value) or a combination of the two, at the Company’s option.

Conference Call
The Company will host a conference call today, March 9, 2017, at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time.  The live call will include a moderated Q&A, after the prepared comments by the Company.  The dial-in telephone numbers for the live audio are as follows:

North American Toll Free: 888-287-5529; confirmation code 2506277
International: +1 416-849-4292; confirmation code 2506277

The audio will be available, usually within 24 hours of the call, on the Company website:
http://www.comstockmining.com/investors/investor-library

About Comstock Mining Inc.
Comstock Mining Inc. is a producing, Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining, including concurrent and accelerated reclamations, soil sampling, voluntary air monitoring, cultural asset protection and historical restorations.  The Company began acquiring properties in the Comstock District in 2003.  Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012.  The Company continues acquiring additional properties in the district, expanding its footprint and creating opportunities for further exploration, development and mining.  The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by validating qualified resources and reserves (proven and probable) from our first two resource areas, Lucerne and Dayton, and significantly grow the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing and accounting for restructuring charges, gains or losses on debt extinguishment,  derivative liabilities and the impact thereof; productivity, business process, rationalization, investment, acquisition, consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K and the following: current global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources and reserves; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; potential dilution to our stockholders from the conversion of securities that are convertible into or exercisable for shares of our common stock; potential inability to continue to comply with government regulations; adoption of or changes in legislation or regulations adversely affecting our businesses; business opportunities that may be presented to, or pursued by, us; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to unexpected equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, copper, diesel fuel, and electricity); changes in generally accepted accounting principles; geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues organically; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies and equipment raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to maintain the listing of our securities on any securities exchange or market; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 

 

http://www.comstockmining.com

 

 

Corrado De Gasperis
President & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

Judd Merrill
Chief Financial Officer
Tel (775) 847- 7524
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

Zach Spencer
Investor Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Monday, February 27 , 2017

Comstock Mining Announces 2016 Year End Results and
Business Update Conference Call

Virginia City, NV (February 27, 2017) -- Comstock Mining Inc. (“Comstock Mining” or “the Company”) (NYSE MKT: LODE) will host a conference call on Thursday, March 9, 2017 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report 2016, full year results and provide a business update.
The live call will include a moderated Q&A, after the prepared remarks.  The dial-in telephone numbers for the live audio are as follows:

US / Canada Toll Free: 888-287-5529; confirmation code 2506277
[International: +1 416-849-4292]; confirmation code 2506277

The audio will be available, usually within 24 hours of the call, and for 30 days thereafter, at http://www.comstockmining.com/investors/investor-library

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as the future quality of life on the Comstock and Comstock’s future production, operations and infrastructure.

The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 

 

http://www.comstockmining.com

 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Investor Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Wednesday, January 18 , 2017

Comstock Mining Presenting at the 2017 Vancouver Resource Investment Conference

Virginia City, NV (January 18, 2017) Comstock Mining Inc. (the “Company”) (NYSE MKT: LODE) is pleased to announce that Corrado De Gasperis, Executive Chairman and CEO, and Judd Merrill, CFO, will attend and present at the 2017 Vancouver Resource Investment Conference.  Cambridge House International Inc. and Katusa Research will co-produce the 2017 Vancouver Resource Investment Conference which is the world's largest resource investment conference dedicated to resource exploration.The conference is January 22-23, 2017, at the Vancouver Convention Centre West, Vancouver, British Columbia, Canada.

Mr. De Gasperis and Mr. Merrill will provide a Company update during the live presentation, including the recently completed strategic financing and Company-specific plans to resume the exploration drilling and development for the Dayton mine. They are also scheduled to participate in one-on-one meetings with registered conference investors.  Registration for these meetings is only for qualified investors, portfolio managers, and private wealth and family office managers. If you would like to register to attend the conference, please click here and complete the form:

https://cambridgehouse.com/event/54/register
 
The presentation will take place on Monday, January 23, 2017 at 2:40 p.m. Pacific Time. 

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing and accounting for restructuring charges, gains or losses on debt extinguishment,  derivative liabilities and the impact thereof; productivity, production slowdowns, suspension or termination, business process, rationalization and other operational initiatives; investments, acquisitions, joint ventures, strategic alliances, business combinations, asset sales; consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; including a redemption of the debenture, and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth and redemption of the Debenture.

The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 

 

http://www.comstockmining.com

 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Judd Merrill
Chief Financial Officer
Tel (775) 847-7524
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Tuesday, January 17 , 2017

Comstock Mining Announces $10.7 million Strategic Refinancing

Retires Substantially All Prior Obligations, Funds Drilling and Appoints New Director

Virginia City, NV (January 17, 2017) Comstock Mining Inc. (the “Company”) (NYSE MKT: LODE) announces today a strategic refinancing with an affiliate of GF Capital, LLC (“GF Capital”), that retires substantially all of the Company’s obligations and resumes drilling at the Dayton resource area.

“This strategic refinancing strengthens our balance sheet, provides great liquidity and enables us to resume the drilling and development plans for the Dayton mine. This represents the second successful transaction with GF Capital and further develops our strategic, resource-based relationship with an outstanding capital partner,” stated Corrado De Gasperis, Executive Chairman and Chief Executive Officer of Comstock Mining Inc.

The Company issued an 11% Senior Secured Debenture due 2021 in the amount of $10,723,000. The Debenture is secured by the pledge of the equity interests in all of the Company’s subsidiaries and substantially all of the Company’s assets. The Company is required to prepay the Debentures with the net cash proceeds from the sale of previously disclosed non-mining properties, subject to customary reinvestment rights.

Until January 1, 2019, interest will be payable in cash and/or in the form of additional Debentures, at the Company’s option.  Thereafter, interest will be payable in cash.  The Company has the right to redeem the Debenture, at any time, at a redemption price equal to the outstanding principal balance, plus accrued and unpaid interest and a make-whole amount equal to seven months of interest. The Debenture also includes customary default and cure provisions and, in the event of certain defaults, a default interest rate of 13.5%.

The Company has also nominated and elected Mr. Clark Gillam to the Board of Directors effective as of the date hereof. Mr. Gillam is one of the Co-Founders of GF Capital. Prior to starting GF Capital, Mr. Gillam worked at Glencore PLC in Switzerland. He has a BSc in Economics from The Wharton School at the University of Pennsylvania.

Mr. De Gasperis concluded, “We warmly welcome Clark onto our Board.  His broad natural resource, financial and capital markets experience adds an outstanding complement to our team.  We are strongly aligned and focused on building a highly valuable, Nevada-based precious metals company.” 

The foregoing summary of the terms of the transaction documents described above is not intended to be exhaustive and is qualified in its entirety by the full terms of each of the transaction documents, copies of which will be filed on a Form 8-K, with the U.S. Securities & Exchange Commission.  

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing and accounting for restructuring charges, gains or losses on debt extinguishment,  derivative liabilities and the impact thereof; productivity, production slowdowns, suspension or termination, business process, rationalization and other operational initiatives; investments, acquisitions, joint ventures, strategic alliances, business combinations, asset sales; consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; including a redemption of the debenture, and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth and redemption of the Debenture.

The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 

 

http://www.comstockmining.com

 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Judd Merrill
Chief Financial Officer
Tel (775) 847-7524
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Monday, December 5 , 2016

Comstock Mining Announces Favorable Supreme Court Rulings
Nevada Supreme Court Positively Affirms Lyon County’s Land Use Decisions

Virginia City, NV (December 5, 2016) Comstock Mining Inc. (the “Company”) (NYSE MKT: LODE) is pleased to announce that the Supreme Court of the State of Nevada affirmed the lower court’s decision relating to the Lyon County Board of Commissioners’ substantive decision on a Master Plan amendment and Zone change associated with certain mineralized properties near Silver City, Nevada. 

The Supreme Court AFFIRMED that the District Court:

  1. Properly found that the Lyon County Board of Commissioners did not abuse its discretion and that its decision was based upon substantial evidence when approving Comstock Mining’s application for amendments to the Lyon County Master Plan and zoning changes for certain property to permit mining;
  2. Properly dismissed the open meeting law claim; and that
  3. The Lyon County Commission complied with statutory reporting requirements regarding a Master Plan amendment. 

“We are pleased with the Supreme Court’s affirmations, always believing that Lyon County and its Board of Commissioners used proper discretion, relied on substantial evidence that included exhaustive testimony and that the County also properly followed the open meeting law and all other applicable Nevada Statutes. We look forward to expeditiously developing our private lands for the best, most productive, job sustaining uses and to a positive outcome for the County on the one outstanding due process issue,” stated Corrado De Gasperis, President and CEO of Comstock Mining Inc.

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and commenced production in 2012. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing and accounting for restructuring charges, gains or losses on debt extinguishment,  derivative liabilities and the impact thereof; productivity, production slowdowns, suspension or termination, business process, rationalization and other operational initiatives; investments, acquisitions, joint ventures, strategic alliances, business combinations, asset sales; consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy any securities.

 

 

Contact information for Comstock Mining Inc.:
PO Box 1118
Virginia City, NV  89440

 

 

http://www.comstockmining.com

 

Corrado De Gasperis
President & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Investor Relations
Comstock Mining Inc.
Tel (775) 847-5272 ext. 151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
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