Comstock Mining Inc. (“Comstock” and the “Company”) (NYSE American:
LODE), a diversified precious and strategic metals production and
processing company, today updated its plans for meeting the
escalating demand for clean energy technologies. The Company and
our partners, including Mercury Clean-Up, LLC (“MCU”) started with
the deployment of new metals extraction and processing technologies
that remediate soils and more efficiently extract and process gold
at the Company’s existing facilities and abroad and we have
targeted new development projects that efficiently reprocess and
renew silver and other strategic metals.
Comstock’s shift to climate-smart mining started with
technologies that target tailings, leach pads, and other mining
wastes, in order to capture residual precious metals. The Company’s
partnerships, projects and technologies, involve proprietary
processes for remediating mercury and other metals from abandoned
and leached mining sites and the surrounding eco-systems, while
more efficiently extracting silver, gold and other strategic
metals.
Corrado De Gasperis, Comstock’s Executive Chairman and Chief
Executive Officer stated, “Our ongoing work with remote mercury
recovery and gold extraction provides an immediate example of our
approach. MCU’s mercury remediation equipment is currently deployed
in the Philippines, with processing operations commencing this
month. We have coordinated with the community, landed the
equipment, assembled the team, and prepped for start-up. Our joint
venture partners are collaborating to begin removing toxic mercury
contamination from U.S. and international eco-systems, while
efficiently extracting gold from contaminated and abandoned mining
sites.”
The Company plans to build and improve on these mineral and
metal developments by introducing additional technologies that
maximize recoveries from the Company’s existing gold and silver
resources in Nevada, as well as other conservation-based projects
that the Company and its partners plan on introducing in the coming
months.
Quantum Surge in Global Demand for
MetalsComstock believes that its approach is especially
timely and important. A recent report from the World Bank, entitled
Mineral Intensity of the Clean Energy Transition, reported that the
production of graphite, cobalt, lithium and many other strategic
minerals and metals are expected to increase dramatically by 2050,
as an estimated 3 billion tons of minerals and metals are used to
deploy energy storage and renewable energy production projects.
“The world is becoming increasingly aware of the current risks
and realities presented by climate change,” concluded Mr. De
Gasperis. “A quantum surge of investment is expected in
conservation-based energy storage and renewable energy projects
worldwide. We cannot rely on conventional mining methods to meet
critical mineral and metal needs and we are energized by these new
opportunities, and the prospect of deploying these technologies to
build shareholder value by meeting the increasing higher demand for
these strategic, critical and precious metals.”
About Comstock Mining Inc. Comstock Mining Inc.
is a Nevada-based, precious and strategic metal-based exploration,
economic resource development, mineral production and metal
processing enterprise with a strategic focus on high-value,
cash-generating, environmentally friendly, and economically
enhancing mineral and metal processing technologies and businesses.
The Company has extensive, contiguous property in the historic
Comstock and Silver City mining districts (collectively, the
“Comstock District”), and is an emerging leader in sustainable,
responsible mineral and metal processing, and is currently
commercializing environment-enhancing, metal-based technologies,
products, and processes for precious and strategic metals
recovery.Forward-Looking Statements This press
release and any related calls or discussions may include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. All statements, other
than statements of historical facts, are forward-looking
statements. The words “believe,” “expect,” “anticipate,”
“estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,”
“would,” “potential” and similar expressions identify
forward-looking statements, but are not the exclusive means of
doing so. Forward-looking statements include statements about
matters such as: consummation of all pending transactions; project,
asset or Company valuations; future industry market conditions;
future explorations, acquisitions, investments and asset sales;
future performance of and closings under various agreements; future
changes in our exploration activities; future estimated mineral
resources; future prices and sales of, and demand for, our
products; future impacts of land entitlements and uses; future
permitting activities and needs therefor; future production
capacity and operations; future operating and overhead costs;
future capital expenditures and their impact on us; future impacts
of operational and management changes (including changes in the
board of directors); future changes in business strategies,
planning and tactics and impacts of recent or future changes;
future employment and contributions of personnel, including
consultants; future land sales, investments, acquisitions, joint
ventures, strategic alliances, business combinations, operational,
tax, financial and restructuring initiatives; the nature and timing
of and accounting for restructuring charges and derivative
liabilities and the impact thereof; contingencies; future
environmental compliance and changes in the regulatory environment;
future offerings of equity or debt securities; asset sales and
associated costs; future working capital, costs, revenues, business
opportunities, debt levels, cash flows, margins, earnings and
growth.These statements are based on assumptions and assessments
made by our management in light of their experience and their
perception of historical and current trends, current conditions,
possible future developments and other factors they believe to be
appropriate. Forward-looking statements are not guarantees,
representations or warranties and are subject to risks and
uncertainties, many of which are unforeseeable and beyond our
control and could cause actual results, developments and business
decisions to differ materially from those contemplated by such
forward-looking statements. Some of those risks and uncertainties
include the risk factors set forth in our filings with the SEC and
the following: counterparty risks; capital markets’ valuation and
pricing risks; adverse effects of climate changes or natural
disasters; global economic and capital market uncertainties; the
speculative nature of gold or mineral exploration, including risks
of diminishing quantities or grades of qualified resources;
operational or technical difficulties in connection with
exploration or mining activities; contests over title to
properties; potential dilution to our stockholders from our stock
issuances and recapitalization and balance sheet restructuring
activities; potential inability to comply with applicable
government regulations or law; adoption of or changes in
legislation or regulations adversely affecting businesses;
permitting constraints or delays; decisions regarding business
opportunities that may be presented to, or pursued by, us or
others; the impact of, or the non-performance by parties under
agreements relating to, acquisitions, joint ventures, strategic
alliances, business combinations, asset sales, leases, options and
investments to which we may be party; changes in the United States
or other monetary or fiscal policies or regulations; interruptions
in production capabilities due to capital constraints; equipment
failures; fluctuation of prices for gold or certain other
commodities (such as silver, zinc, cyanide, water, diesel fuel and
electricity); changes in generally accepted accounting principles;
adverse effects of terrorism and geopolitical events; potential
inability to implement business strategies; potential inability to
grow revenues; potential inability to attract and retain key
personnel; interruptions in delivery of critical supplies,
equipment and raw materials due to credit or other limitations
imposed by vendors or others; assertion of claims, lawsuits and
proceedings; potential inability to satisfy debt and lease
obligations; potential inability to maintain an effective system of
internal controls over financial reporting; potential inability or
failure to timely file periodic reports with the SEC; potential
inability to list our securities on any securities exchange or
market; inability to maintain the listing of our securities; and
work stoppages or other labor difficulties. Occurrence of such
events or circumstances could have a material adverse effect on our
business, financial condition, results of operations or cash flows
or the market price of our securities. All subsequent written and
oral forward-looking statements by or attributable to us or persons
acting on our behalf are expressly qualified in their entirety by
these factors. Except as may be required by securities or other
law, we undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.Neither this press release nor any
related calls or discussions constitutes an offer to sell, the
solicitation of an offer to buy or a recommendation with respect to
any securities of the Company, the fund or any other issuer.
Contact
information: |
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Comstock Mining Inc.P.O. Box
1118 Virginia City, NV 89440ComstockMining.com |
Corrado DeGasperisExecutive Chairman & CEOTel (775)
847-4755degasperis@comstockmining.com |
Zach SpencerDirector of External RelationsTel (775) 847-5272
Ext.151questions@comstockmining.com |
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