Friday, November 12, 2021

Comstock Mining (LODE)
Comstock’s Transformation is Well Underway

Comstock Mining Inc. is an emerging innovator and leader in the sustainable extraction, valorization, and production of scarce natural resources, with a focus on high value strategic materials that are essential to meeting the rapidly increasing global demand for clean energy, carbon-neutrality, and natural products.

Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.

Poe Fratt, Senior Research Analyst, Logistics, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Corporate update. Comstock recently hosted a virtual investor meeting to discuss innovations in lithium-ion battery recycling, lithium extraction, cellulosic extraction for producing biofuels, and the restart of its mercury remediation operations in the Philippines. Management has spent the last six months accelerating plans for lithium recycling and cellulosic fuels with fully operational prototypes expected in the first and second quarters of 2022.


Cellulosic fuels business will be the largest in Comstock’s portfolio.  The first facility in Minnesota is expected to be operational in 2023. It will convert woody biomass into ethanol, biodiesels, and marine fuels. Comstock expects to have a cellulosic extraction prototype operational at Comstock’s Plain Sight Innovations (PSI) laboratory in Wisconsin in March or April. Management mentioned that …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.