Noble Capital Upgrades Comstock Mining (LODE) to Outperform

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Go back to Noble Capital Upgrades Comstock Mining (LODE) to Outperform

Comstock Mining (LODE) Secures $325M Term Sheet for Investments and Real Estate Sales

August 8, 2024 9:16 AM EDT

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 Companys three businesses and secures timely and essential growth capital to... More