Q: How is Virginia City doing throughout this pandemic? Are things starting to open back up? A: Thank you. YES, Nevada allowed limited re-openings last Saturday and Virginia City is RISING again. It’s in this community’s (and our Company’s) DNA to never say die and forge and fight through all obstacles. I can tell you…
Corrado DeGasperis, CEO at Comstock Mining Inc. discusses upcoming 2020 activities on the Comstock. Comstock Mining is traded as LODE on NYSE. Contact: questions@comstockmining.com
Virginia City, NV (May 7, 2020) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) today announced selected unaudited financial results for the fiscal quarter ended March 31, 2020. First Quarter 2020 Selected Strategic Highlights Investment in Mercury Clean Up LLC (“MCU”) increased to $1.6 million with the Comstock-based mercury remediation system scheduled for May 2020, with…
Q: Can you clarify why the valuation numbers for MCU just changed on the new blog post? Is Oro equipment still being delivered this month? A: Thank you for the questions about our mercury remediation business. Oro Industries has completed the manufacturing of the equipment, and it’s quite impressive. The equipment needs powder coating, held…
Virginia City, NV (April 28, 2020) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) will host a conference call on Thursday, May 7, 2020 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report First Quarter results and provide a business update. The live call will include a moderated Q&A, after the prepared remarks. The…
Q: How is Comstock planning on realizing value from the Opportunity Zones? Isn’t all of Storey County and most all of Silver Springs, Nevada included in the approved Opportunity Zones? A: Thank you for the question, we were very foresighted (since 2003) and fortunate to HAVE established such a massive property position in Storey County,…
Q: Why is Comstock so deeply undervalued? Something doesn’t add up – The non-mining assets alone of $20+ million exceed your Enterprise Value (EV) today (Equity of $15 million+ Debt $4.7 million), not to mention all of your mineral properties and strategic investments in the Mercury Remediation and Sierra Springs Fund. Could you share more…
Q: When are you planning on launching the new website? A: Welcome to our new website, on Earth Day 2020!!! We are pleased to launch www.comstockmining.com just as we are re-launching so many aspects of the new Comstock. Last year, our Board approved a transformational strategy focused on environmentally responsible, high-value, cash-generating, precious metal-based activities.…
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is a leader in sustainable, responsible mining and is currently developing and commercializing environment-enhancing, precious-metal-based technologies, products, and processes for precious metal recovery. Comstock Mining has an unprecedented level of quality and commitment to our communities, environment, historic preservation, investors, industry and our team.
Our Goal is to “Grow our intrinsic value to $500 million by developing the Company’s precious metal resources organically and acquisitively, and accelerating commercialization of throughput (cash) from breakthrough, precious metal-based processing technologies.”
Last year, the Company’s Board of Directors approved a transformational strategy focused on high-value, cash-generating, precious metal-based activities, including, but not limited to, metals exploration, engineering, resource development, economic feasibility assessments, mineral production, metal processing and related ventures of environmentally friendly, and economically enhancing mining technologies.
Nevada ranked the NUMBER ONE most attractive jurisdiction in the United States and NUMBER THREE in the world for mining investment according to the Annual Survey of Mining Companies released for 2019 by the Fraser Institute, an independent, non-partisan Canadian policy think-tank. Rich mineral resources and reserves, competitive taxes, efficient permitting procedures and certainty around environmental regulations attract significant investment interest.
Our commitment to support the historic legacy and structures of the Comstock Lode led to the formation of an independent, 501(c)(3) tax-exempt, non-profit organization. In collaboration with retired State Historic Preservation Officer for Nevada, Ron James, the Comstock Foundation for History and Culture was established. Pamela Abercrombie followed and then Steven Saylor, inspiring hundreds of volunteers and amazing collaborations on preservation and restoration projects, all working together as neighbors, promoting our communities and protecting the legacy of our national historic landmark.
