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     105  0 Kommentare Comstock Shareholder Update

    VIRGINIA CITY, Nev., June 18, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today issued the following letter to shareholders.

    Dear Shareholders,

    I am writing to address some recent concerns regarding Comstock Inc.’s current stock performance and reemphasize our future strategic, operational and financial plans. We understand that the current stock price causes some concern, and we want to assure you that we are executing against a comprehensive and robust strategy that drives our businesses to sustainable profitability and supports and integrates our investments into these strategies.

    Our plans also make every practical effort to effectively fund our business in a sustainable, value-creating manner for our shareholders.

    Strategic Investments and Growth
    We have several development stage businesses on the brink of commercialization. This will create multiple revenue streams. These initiatives require additional capital investment to reach their full potential, and we have and continue to be committed to securing the prerequisite funding to bring these projects to fruition. Our strategy focuses on minimizing equity sales at Comstock Inc. by leveraging alternative funding directly into the subsidiaries.

    Subsidiary-Level Financing to Drive Growth
    For example, Comstock Metals will secure debt and equity capital at the subsidiary level to fund the accelerated construction of our first two industry-scale facilities. The business model is now proven, and we are engaged in ongoing discussions with multiple counterparties interested in participating in primarily debt financing.  These facilities are expected to generate positive cash flow in just a few years, allowing us to self-fund expansive if not exponential growth. This approach reduces the need for equity dilution at the parent company level and positions us for sustainable, robust cash flows and a strong financial position. We expect to announce this in the third quarter.

    Advancements in Comstock Fuels
    Comstock Fuels is poised for significant growth with the planned construction of a commercial demonstration scale facility, followed by full-scale renewable fuel production facilities. This next growth phase requires substantial capital investment, and we are actively engaged with strategic and financial partners to also secure this funding at the subsidiary level. We are to announce these partnerships once deals are finalized, in the second half of this year.

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    Comstock Shareholder Update VIRGINIA CITY, Nev., June 18, 2024 (GLOBE NEWSWIRE) - Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today issued the following letter to shareholders. Dear Shareholders, I am writing to address some recent concerns regarding …