Tuesday, October 11, 2022
Comstock (NYSE: LODE) innovates technologies that contribute to global decarbonization and circularity by efficiently converting under-utilized natural resources into renewable fuels and electrification products that contribute to balancing global uses and emissions of carbon. The Company intends to achieve exponential growth and extraordinary financial, natural, and social gains by building, owning, and operating a fleet of advanced carbon neutral extraction and refining facilities, by selling an array of complimentary process solutions and related services, and by licensing selected technologies to qualified strategic partners. To learn more, please visit www.comstock.inc.
Mark Reichman, Senior Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Key permit approved for battery storage. LiNiCo Corporation, of which Comstock owns 90%, received a Conditional Use Permit to operate a lithium-ion battery (LIB) pre-recycling storage facility at an ~200-acre industrial property in Mound House, Nevada. The Lyon County Board of Commissioners unanimously approved the permit. The facility will receive, sort, and store waste LIBs, with capacity for expansion. The facility offers the potential for crushing and separating operations to supplement LiNiCo’s 137,000 square foot battery metal recycling facility in the Tahoe Reno Industrial (TRI) Center in Storey County, Nevada.
Battery recycling expected to commence in 2023. Recall that LiNiCo was recently issued an operating permit by the Nevada Division of Environmental Protection to conduct lithium-ion battery recycling and related operations at its 137,000 square foot battery metal recycling facility in the Tahoe Reno Industrial (TRI) Center in Nevada. The company expects to commence recycling operations in 2023 following receipt of an air quality permit for the TRI Facility which we anticipate in the second quarter of 2023.
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