NEW YORK, NY / ACCESSWIRE / March 19, 2020 / Comstock Mining, Inc. (NYSE:LODE) will be discussing their earnings results in their 2019 Fourth Quarter Earnings call to be held on March 19, 2020 at 11:00 ...
VIRGINIA CITY, Nev., Oct. 15, 2019 -- Comstock Mining Inc. (“Comstock”) (NYSE American: LODE) announced today that it has agreed to extend the closing deadline on the sale of.
Comstock and Tonogold have closed the sale of the controlling interests of the entity that owns the Lucerne mine by consummating a transaction, originally agreed upon earlier this year, that values Lucerne at over $25 million ($11.5 million in cash, $5.8 million in stock and over $7.4 million in assumed liabilities), since Comstock also retains a 1.5% NSR royalty on Lucerne’s future production plus more than $2.2 million in subsidized, annualized savings. The Company received $1.7 million in cash today plus $300k in convertible preferred stock (“CPS”), bringing total 2019, cash and stock payments to $11.725 million. Tonogold now has a 50% membership interest in Comstock Mining LLC, the entity that owns the Lucerne mine assets.
During 2019, the Comstock Board of Directors approved a transformational strategy focused on high-value, cash-generating, precious metal-based activities (the “Strategic Focus”), including, but not limited to, environmentally friendly and economically enhancing clean mining and processing technologies, precious-metal exploration, resource development, economic feasibility assessments and cash-generating mineral production. The Company has made major advancements with its venture partners, including MCU, Tonogold and SSOF.
VIRGINIA CITY, Nev., Jan. 08, 2020 -- Comstock Mining Inc. (“Comstock” or the “Company”) (NYSE American: LODE) today provided updates on key components of the Company’s.
Comstock Mining Inc. (“Comstock” or “Comstock Mining”) (NYSE American: LODE) announced today that Tonogold Resources, Inc. (“Tonogold”) has agreed to a closing date of October 15, 2019, on the sale of Lucerne and delivered non-refundable stock-based fees totaling $830 thousand that have been paid timely. Tonogold also recently paid $575 thousand in non-refundable cash deposits bringing total cash deposits to $3.925 million plus $3.50 million in non-refundable Convertible Preferred Stock (“CPS”), for a grand total of $7.425 million in cash and stock paid toward the purchase price. Comstock has also received additional stock fees of $1.25 million, bringing total non-refundable payments to $8.675 million.
Comstock Mining Inc. (the “Company”) (NYSE American: LODE) will host a conference call on Thursday, May 7, 2020 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report First Quarter results and provide a business update. The Company began acquiring properties in the Comstock District in 2003.
VIRGINIA CITY, Nev., Oct. 01, 2019 -- Comstock Mining Inc. (the “Comstock” or “Comstock Mining”) (NYSE American: LODE) today announced selected strategic business updates..
Q4 2019 Comstock Mining Inc Earnings Call
Comstock Mining Inc. (“Comstock”) (NYSE American: LODE) and Mercury Clean Up (“MCU”) today announced that Comstock recently received approval for an Engineering Design Change (“EDC”) from the Nevada Division of Environmental Protection (“NDEP”) approving the Mercury Remediation Pilot Test Plant located within Comstock's existing leach pad. During 2019, Comstock Processing LLC, Comstock’s wholly-owned subsidiary that owns all of the property, plant, equipment and permits at 1200 American Flat Rd., near Virginia City, NV, entered into a definitive agreement with Mercury Clean Up LLC (“MCU”), in collaboration with Oro Industries Inc. (“Oro”), for the manufacture and global deployment of mercury remediation systems with proprietary mechanical, hydro, electro-chemical and oxidation processes to reclaim, treat and remediate mercury, and the entrapped precious metals, from soils, waste and tailings.
Comstock Mining Inc. (the “Company”) (NYSE American: LODE) will host a conference call on Thursday, March 19, 2020 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report 2019 year end results and provide a business update. 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.
Comstock Mining Inc. (the “Company”) (NYSE American: LODE) will host a conference call on Tuesday, October 29, 2019 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report Third Quarter results and provide a business update. 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.
Comstock Mining Inc. (the “Company”) (NYSE American: LODE) today announced that on March 20, 2020, the Company amended and restated its Membership Interest Purchase Agreement (the “Purchase Agreement”) with Tonogold Resources Inc. (“Tonogold”), increasing and accelerating certain expense reimbursements, accelerating certain exploration drilling and development programs, and extending and securing the remaining obligations due toward the purchase of the remaining ownership interests (the “Membership Interests”) in Comstock Mining LLC (“CML”), the entity that owns the Lucerne mine and related obligations. This amendment allows Tonogold to plan a broader drilling program, with our full collaboration and support.
VIRGINIA CITY, Nev., March 19, 2020 -- Comstock Mining Inc. (the “Company”) (NYSE American: LODE) today announced selected unaudited financial results for the fiscal year ended.
VIRGINIA CITY, Nev., Nov. 25, 2019 -- Comstock Mining Inc. (“Comstock” or the “Company”) (NYSE American: LODE) today provided a strategic overview and updates on key components.
Q3 2019 Comstock Mining Inc Earnings Call
VIRGINIA CITY, Nev., Oct. 29, 2019 -- Comstock Mining Inc. (the “Company”) (NYSE American: LODE) today announced selected unaudited financial results for the fiscal quarter.
VIRGINIA CITY, Nev., May 07, 2020 -- Comstock Mining Inc. (the “Company”) (NYSE American: LODE) today announced selected unaudited financial results for the fiscal quarter.
Q1 2020 Comstock Mining Inc Earnings Call
VIRGINIA CITY, Nev., Feb. 11, 2020 -- Comstock Mining Inc. (“Comstock” or the “Company”) (NYSE American: LODE) today provided updates on key components of the Company’s.