Friday, August 19, 2022
Comstock Inc. (LODE)
Reaching a Critical Stage
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.
Accelerated path to commercialization. Comstock Inc. is marketing its cellulosic ethanol production technology to existing first-generation corn ethanol facilities for upgrades to and construction of co-located commercial scale cellulosic ethanol production facilities to convert forestry waste and other forms of lignocellulosic biomass into cellulosic ethanol at improved yield and cost when compared to corn. Ethanol, made from corn starch from kernels is currently the most significant biofuel in the United States. Comstock’s first bio-intermediate is a purified form of cellulosic sugar which may be used as a chemically identical “drop-in” feedstock in corn ethanol facilities to produce about eighty gallons of advanced cellulosic ethanol per dry ton of woody biomass.
Economics expected to drive interest. Based on current market conditions and prices, Comstock estimates that a 100-million-gallon corn ethanol producer that upgrades its facility to produce an additional twenty million gallons of cellulosic ethanol could increase revenue by more than 30%. This is based on incentives available under the U.S. Environmental Protection Agency’s renewable fuels standards program which assigns renewable identification numbers (RINs) to each gallon of renewable fuel produced or imported into the United States, along with incentives provided by states like California that have enacted low carbon fuels standards….
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.