Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE American:
LODE) announced today the election of Mr. Judd B. Merrill, 49, to
its Board of Directors. Mr. Merrill is currently the Chief
Financial Officer of Aqua Metals, Inc. a clean AquaRefining™ metal
recycling technology, since 2018.
Mr. Merrill brings extensive public company mining and clean
mineral technology industry experience to Comstock. Prior to
joining Aqua Metals (NASDAQ: AQMS), Mr. Merrill was the Chief
Financial Officer of Comstock, and the Director of Finance &
Accounting at Klondex Mines Ltd., a North American based gold and
silver mining company that, prior to its acquisition by Hecla
Mining Company was a $500 million, publicly traded company
listed on the both New York and the Toronto Stock
Exchanges. Mr. Merrill previously held financial management
positions at Fronteer Gold Inc. and Newmont Mining Corporation. Mr.
Merrill started his career as an auditor, working for the
independent accounting firm of Deloitte and Touche.
Mr. Corrado De Gasperis, Executive Chairman and CEO, said, “We
are very pleased to welcome Judd Merrill to Comstock’s Board of
Directors. His mining, clean technology, financial and public
company experience makes him a productive and valuable independent
director for our shareholders, especially as we implement our
precious-metal focused strategic plans and commercialize our
environment-enhancing, clean mercury technologies.”
Mr. Merrill was previously employed by Comstock Mining Inc. for
over six years, with financials positions of increasing
responsibility, including Chief Financial Officer and Corporate
Secretary. Mr. Merrill has been away from Comstock for over three
years and qualifies as an independent director and we look forward
to introducing him to our shareholders at the 2020 Annual Meeting
of Shareholders.
The 2020 Annual Meeting of Shareholders is scheduled for
Wednesday, November 18, 2020, at the historic Brewery Arts Center,
449 W. King Street, Carson City, Nevada. The meeting will begin at
9:00 a.m., and will include an update on the Company’s corporate
alignment, geological developments and the gold industry.
The 2020 Annual Meeting schedule for November 18, 2020, is as
follows: 8 a.m. – 9 a.m. - Continental Breakfast 9 a.m. – Noon -
2020 Annual Shareholders Meeting, Company Presentations, Q & A
Lunch will be served at the Brewery Arts Center following the
presentations.
For the convenience of Shareholders, they may attend the Annual
Meeting through a webcast at:
www.virtualshareholdermeeting.com/LODE2020
Due to COVID-19 guidelines put forth by the State of Nevada,
seating is limited for Shareholders and is based on a first-come,
first-served basis by registering at the Company
website: https://www.comstockmining.com/investors/asm2020/
The record date for the Annual Meeting is September 24,
2020. Only shareholders of record at the close of business on
September 24, 2020, may vote at the meeting. The Company’s
proxy statement will be sent to shareholders of record and will
describe the matters to be voted upon.
About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining
company with extensive, contiguous property in the Comstock
District and is an emerging leader in sustainable, responsible
mining that is currently commercializing environment-enhancing,
precious-metal-based technologies, products and processes for
precious metal recovery. The Company began acquiring properties in
the Comstock District in 2003. Since then, the Company has
consolidated a significant portion of the Comstock District,
amassed the single largest known repository of historical and
current geological data on the Comstock region, secured permits,
built an infrastructure and completed its first phase of
production. The Company continues evaluating and acquiring
properties inside and outside the district expanding its footprint
and exploring all of our existing and prospective opportunities for
further exploration, development and mining. The Company’s goal is
to grow per-share value by commercializing environment-enhancing,
precious-metal-based products and processes that generate
predictable cash flow (throughput) and increase the long-term
enterprise value of our northern Nevada based platform.
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; the possible
redemption of debentures 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: Comstock Mining, Inc. P.O. Box 1118
Virginia City, NV 89440www.ComstockMining.com
Corrado De Gasperis Executive Chairman & CEO Tel (775)
847-4755 degasperis@comstockmining.com
Zach Spencer Director of External Relations Tel (775) 847-5272
ext.151questions@comstockmining.com
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