Thursday, September 01, 2022
Comstock Inc. (LODE)
Major Milestone Achieved with Receipt of Operating Permit
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.
Ahead of expectations. LiNiCo Corporation, of which Comstock owns 90%, was issued an operating permit by the Nevada Division of Environmental Protection. The permit authorizes LiNiCo to conduct lithium-ion battery (LIB) recycling and related operations at its 137,000 square foot battery metal recycling facility in the Tahoe Reno Industrial (TRI) Center in Nevada. Previously, management anticipated receipt of the operating permit during the fourth quarter of 2022 and still expects to complete filings for modified air quality permits in the third quarter with approval expected during the second quarter of 2023.
Battery grade lithium production expected in the third quarter 2023. The operating permit is based on the first phase of LiNiCo’s advanced new LIB recycling technologies, including crushing, separating, lithium extraction, and precursor cathode active products. LiNiCo is building a commercial scale pilot facility for installation at the TRI facility with commencement of operations expected in mid-2023. Lithium extraction is planned for the third quarter of 2023.…
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.