Noble Capital Upgrades Comstock Mining (LODE) to Outperform
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Comstock Announces Second Quarter 2024 Results and Corporate Updates
August 8, 2024 4:15 PM UTCVIRGINIA CITY, Nev., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (Comstock, our, and the Company), today announced its second quarter 2024 results, certain business and investment updates and an updated business outlook, with significant progress from each business, corporate and collectively across the system.
While I have personally dedicated the substantial majority of my capacity over the past several months on successfully advancing strategic transactions, our equally dedicated teams have been executing on their respective business plans without interruption, stated Corrado De Gasperis, Comstocks Executive Chairman and Chief Executive Officer. Our... More
Comstock Secures $325 Million Term Sheet for Investments and Real Estate Sales
August 8, 2024 9:15 AM UTCVIRGINIA CITY, Nev., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE American: LODE) a leader in hard technology developments enabling clean energy, today announced the execution of an indicative term sheet for $325 million (about $315 million net of transaction fees) in funding through SBC Commerce LLC (SBCC), a U.S. based, globally positioned, private equity group. The transaction is subject to final due diligence and applicable regulatory approvals.
This significant series of milestones, representing a combination of direct investments and certain asset sales, recognizes significant valuations, nearly $500 million, for the... More
