Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today
announced its participation in the ribbon-cutting event for Green
Li-ion’s first commercial battery recycling and remanufacturing
facility, producing precursor cathode active materials (“PCAMS”) in
Atoka, Oklahoma.
Comstock’s Chairman and CEO Corrado De Gasperis participated in
the ribbon-cutting event at the new, first-of-its-kind, PCAM
facility. Earlier this year, Green Li-ion, a lithium-ion battery
recycling technology company, announced the launch of its first
commercial-scale installation to produce sustainable, battery-grade
materials. This facility produces valuable products from recycled
end of life batteries using Green Li-ion's patented technology.
Comstock’s own recycling business, Comstock Metals, recently
commissioned its own first-of-kind solar photovoltaic recycling
facility, delivering a 100% closed loop, zero-landfill solar panel
recycling process in Silver Springs, Nevada.
“We seed-invested in Green Li-ion in 2021, with a sub-TRL3 idea
and the common goal of accelerating the commercialization of
decarbonizing, clean technology and enabling an U.S.-based
electrification product supply chain. This is the second industry
leading commercialization that we helped enable in just the past
three years. Recycling electrification products and materials is
foundational for enabling systemic decarbonization and a very
practical and effective solution for sustainably meeting the
critical material needs of this clean energy transition,” said De
Gasperis.
L-R: Corrado De Gasperis, Executive Chairman and CEO of Comstock
Inc.; Leon Farrant, CEO and Co-Founder of Green Li-ion; Charles
McCall, Speaker of the Oklahoma House of Representatives; and
Kevin Stitt, Governor of Oklahoma.
About Green Li-ionGreen Li-ion is a lithium-ion
battery recycling technology provider producing modular hardware
solutions that convert spent batteries into battery-grade cathode
and anode material. Based in the United States, Singapore, Korea,
Germany, and Australia, Green Li-ion is building domestic, circular
supply chains for critical minerals in North America and elsewhere,
allowing manufacturers to add on-site battery recycling
capabilities. With global battery material supply chains under
pressure, Green Li-ion allows its partners to extract these
valuable commodities in a reliable, cost-effective, and
environmentally sound way. Green Li-ion has secured
funding from major international investors, including
Equinor Ventures, SOSV, EDP, Banpu NEXT, TES, Energy
Revolution Ventures, TRIREC, and Petronas.
About Comstock Inc.Comstock Inc. (NYSE: LODE)
commercializes innovative technologies that contribute to global
decarbonization by efficiently converting under-utilized natural
resources, primarily, woody biomass into net zero renewable fuels,
end-of-life metal extraction, and generative AI-enabled advanced
materials synthesis and mineral discovery. To learn more, please
visit www.comstock.inc.
Comstock Social Media PolicyComstock Inc. has
used, and intends to continue using, its investor relations link
and main website at www.comstock.inc in addition to its Twitter,
LinkedIn and YouTube accounts, as means of disclosing material
non-public information and for complying with its disclosure
obligations under Regulation FD.
CONTACTS:For investor inquiries: RB Milestone
Group LLCTel (203) 487-2759ir@comstockinc.com
For media inquiries or questions: Comstock
Inc., Zach SpencerTel (775)
847-7532questions@comstockinc.com
Forward Looking StatementsThis 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: future market conditions; future
explorations or acquisitions; future changes in our research,
development and exploration activities; future financial, natural,
and social gains; future prices and sales of, and demand for, our
products and services; land entitlements and uses; permits;
production capacity and operations; operating and overhead costs;
future capital expenditures and their impact on us; operational and
management changes (including changes in the Board of Directors);
changes in business strategies, planning and tactics; future
employment and contributions of personnel, including consultants;
future land and asset sales; investments, acquisitions, joint
ventures, strategic alliances, business combinations, operational,
tax, financial and restructuring initiatives, including the nature,
timing and accounting for restructuring charges, derivative assets
and liabilities and the impact thereof; contingencies; litigation,
administrative or arbitration proceedings; environmental compliance
and changes in the regulatory environment; offerings, limitations
on sales or offering of equity or debt securities, including asset
sales and associated costs; business opportunities, growth rates,
future working capital, needs, revenues, variable costs, throughput
rates, operating expenses, debt levels, cash flows, margins, taxes
and earnings. 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: adverse effects of climate changes or natural
disasters; adverse effects of global or regional pandemic disease
spread or other crises; global economic and capital market
uncertainties; the speculative nature of gold or mineral
exploration, and lithium, nickel and cobalt recycling, including
risks of diminishing quantities or grades of qualified resources;
operational or technical difficulties in connection with
exploration, metal recycling, processing or mining activities;
costs, hazards and uncertainties associated with precious and other
metal based activities, including environmentally friendly and
economically enhancing clean mining and processing technologies,
precious metal exploration, resource development, economic
feasibility assessment and cash generating mineral production;
costs, hazards and uncertainties associated with metal recycling,
processing or mining activities; contests over our title to
properties; potential dilution to our stockholders from our stock
issuances, 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 our businesses;
permitting constraints or delays; challenges to, or potential
inability to, achieve the benefits of business opportunities that
may be presented to, or pursued by, us, including those involving
battery technology and efficacy, quantum computing and generative
artificial intelligence supported advanced materials development,
development of cellulosic technology in bio-fuels and related
material production; commercialization of cellulosic technology in
bio-fuels and generative artificial intelligence development
services; ability to successfully identify, finance, complete and
integrate acquisitions, joint ventures, strategic alliances,
business combinations, asset sales, and investments that we may be
party to in the future; changes in the United States or other
monetary or fiscal policies or regulations; interruptions in our
production capabilities due to capital constraints; equipment
failures; fluctuation of prices for gold or certain other
commodities (such as silver, zinc, lithium, nickel, cobalt,
cyanide, water, diesel, gasoline and alternative fuels and
electricity); changes in generally accepted accounting principles;
adverse effects of war, mass shooting, terrorism and geopolitical
events; potential inability to implement our 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; assertion of claims, lawsuits
and proceedings against us; 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
Securities and Exchange Commission; potential inability to list our
securities on any securities exchange or market or 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. 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 issuers.
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c414ba74-44ef-47c2-837e-151e8f90483e
Comstock (AMEX:LODE)
Gráfica de Acción Histórica
De Dic 2024 a Ene 2025
Comstock (AMEX:LODE)
Gráfica de Acción Histórica
De Ene 2024 a Ene 2025