COMSTOCK

Comstock Metals Welcomes U.S. Senator Catherine Cortez Masto

Retrieved on: 
Friday, April 26, 2024
VOC, EPA, Recycling, Life

VIRGINIA CITY, Nev., April 26, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock”) today announced Senator Catherine Cortez Masto (D-NV) toured Comstock Metals’ first solar panel recycling facility in Silver Springs, Nevada to highlight the state’s growing clean energy economy and strong job growth in the region.

Key Points: 
  • VIRGINIA CITY, Nev., April 26, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock”) today announced Senator Catherine Cortez Masto (D-NV) toured Comstock Metals’ first solar panel recycling facility in Silver Springs, Nevada to highlight the state’s growing clean energy economy and strong job growth in the region.
  • “We are very appreciative of Senator Cortez Masto’s support and thank her for visiting Comstock’s first-of-kind solar panel recycling facility in Silver Springs,” said Corrado De Gasperis, Executive Chairman and CEO of Comstock.
  • Comstock’s proprietary recycling process not only creates a circular supply chain solution for these materials, but it also reduces the environmental impact of landfilling solar panels.
  • Dr. Fortunato Villamagna, President of Comstock Metals, concluded, “With a significant amount of solar PV waste from decommissioned solar panels ending up in landfills, plastic laminates from solar cells, VOC contaminates, and heavy metals are potent greenhouse gas and water leachate generating materials that pose critical threats to human health.”

Comstock Metals Completes Commissioning of First Facility

Retrieved on: 
Thursday, April 25, 2024
Copper, Sale, Organic compound, Glass, Economics, Consultant, Decontamination, Environment, Groundwater, Steel, Soil, Metal, Recycling

VIRGINIA CITY, Nev., April 25, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced that Comstock Metals completed the critical commissioning stages of its demonstration-scale production facility in Silver Springs, Nevada, closing the loop and recycling substantially all the waste materials.

Key Points: 
  • VIRGINIA CITY, Nev., April 25, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced that Comstock Metals completed the critical commissioning stages of its demonstration-scale production facility in Silver Springs, Nevada, closing the loop and recycling substantially all the waste materials.
  • Comstock Metals serves utilities, operations and maintenance groups, solar engineers, consultants, contractors, and municipalities across the contiguous U.S., with emphasis in California, Nevada, Arizona, and Texas.
  • “Comstock Metals crossed the first finish line with a successful commissioning of our first, zero-landfill, closed-loop solar panel recycling facility producing three distinct, renewable products from end-of-life solar panels.
  • Mr. De Gasperis concluded, “Comstock Metals’ process is one of the fastest, most efficient, truly sustainable solutions available to recover valuable materials for responsible reuse.

Comstock Extends Existing Promissory Notes Through April 2026

Retrieved on: 
Wednesday, April 24, 2024
Engineering

VIRGINIA CITY, Nev., April 24, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” or the “Company”) announced today that earlier this week, the Company, Alvin Fund, and GHF Inc. amended their promissory notes and extended the maturities for all three existing promissory notes until April 15, 2026.

Key Points: 
  • VIRGINIA CITY, Nev., April 24, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” or the “Company”) announced today that earlier this week, the Company, Alvin Fund, and GHF Inc. amended their promissory notes and extended the maturities for all three existing promissory notes until April 15, 2026.
  • “GHF and Alvin have been dedicated and reliable stakeholders with a productive working relationship that spans almost a decade.
  • Comstock Fuels biorefining technologies are commercially ready and offer growth-enabling performance for prospective customers.
  • Comstock Fuels is actively engaged in commercial discussions, including joint developments and licensing agreements representing future revenues from engineering services, designed to define and enable renewable fuel hubs.

Comstock Completes RenFuel Investment

Retrieved on: 
Wednesday, April 24, 2024
Lignin, Cellulosic ethanol, HBO, Partnership, Biorefinery, TRL, Carbon, Biomass, Patent, TPY, SAF, Growth, Renewable energy

VIRGINIA CITY, Nev., April 24, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced the execution of agreements with RenFuel K2B AB (“RenFuel”) wherein Comstock is investing up to $3,000,000 over three years to support commercialization of joint development applications for RenFuel and Comstock complementary renewable fuel technologies, and the continued development of the 100,000 metric ton per year (“TPY”) biorefinery joint venture project in Sweden.

Key Points: 
  • VIRGINIA CITY, Nev., April 24, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced the execution of agreements with RenFuel K2B AB (“RenFuel”) wherein Comstock is investing up to $3,000,000 over three years to support commercialization of joint development applications for RenFuel and Comstock complementary renewable fuel technologies, and the continued development of the 100,000 metric ton per year (“TPY”) biorefinery joint venture project in Sweden.
  • The applicable investment agreements require the purchase of up to $3,000,000 in 7% senior secured convertible notes funded in quarterly installments of $250,000 for three years.
  • Comstock has already invested the first $350,000 of this investment.
  • Comstock holds the exclusive license to RenFuel’s refining technologies in North America, Central America, and South America and available for global distribution.

Comstock Publishes its 1Q24 Stakeholder Perception Analysis Report

Retrieved on: 
Wednesday, April 3, 2024
RBMG, Report

VIRGINIA CITY, Nev., April 03, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock”) announces its Q1 2024 Stakeholder Perception Analysis Report (the “Report”) compiled by RB Milestone Group LLC (“RBMG”), Comstock’s investor relations firm.

Key Points: 
  • VIRGINIA CITY, Nev., April 03, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock”) announces its Q1 2024 Stakeholder Perception Analysis Report (the “Report”) compiled by RB Milestone Group LLC (“RBMG”), Comstock’s investor relations firm.
  • The Report provides insight into Comstock’s operational milestones and perceived strengths and weaknesses from the perspective of its stakeholders.
  • The Report includes a brief video on the results by Comstock’s Executive Chairman and Chief Executive Officer, Corrado De Gasperis.
  • The investor survey is available for participation in the investors section of Comstock’s website during each surveying period and replaced by the final quarterly perception analysis report once completed.

COMSTOCK RESOURCES, INC. ANNOUNCES UPSIZE AND PRICING OF $400.0 MILLION OFFERING OF SENIOR NOTES DUE 2029

Retrieved on: 
Tuesday, April 2, 2024
Sale, Security (finance), Note, CRK

FRISCO, TX, April 02, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) ("Comstock" or the "Company") announced today the pricing of its private placement of new 6.75% senior unsecured notes due 2029 in the aggregate amount of $400.0 million, which was increased from the originally proposed $375.0 million (the "Notes").

Key Points: 
  • FRISCO, TX, April 02, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (NYSE:CRK) ("Comstock" or the "Company") announced today the pricing of its private placement of new 6.75% senior unsecured notes due 2029 in the aggregate amount of $400.0 million, which was increased from the originally proposed $375.0 million (the "Notes").
  • The Notes will be issued at 93% of par.
  • The offering is expected to close on April 9, 2024, subject to customary closing conditions.
  • The aggregate net proceeds from the sale of the Notes are expected to be approximately $365.0 million, after deducting the initial purchasers' discounts and other offering expenses.

COMSTOCK RESOURCES, INC. ANNOUNCES PRIVATE OFFERING OF 6.75% SENIOR NOTES DUE IN 2029

Retrieved on: 
Tuesday, April 2, 2024
CUSIP, Sale, Note, CRK, Security (finance)

FRISCO, TX, April 02, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that, subject to market conditions, it intends to offer $375.0 million principal amount of its 6.75% senior notes due in 2029 (the “New Notes”) in a private placement to eligible purchasers.

Key Points: 
  • FRISCO, TX, April 02, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. ("Comstock" or the "Company") (NYSE: CRK) announced today that, subject to market conditions, it intends to offer $375.0 million principal amount of its 6.75% senior notes due in 2029 (the “New Notes”) in a private placement to eligible purchasers.
  • The New Notes are a mirror issue to the Company's existing 6.75% senior notes due 2029 (the “Original Notes”), of which $1,223.9 million aggregate principal amount is currently outstanding.
  • The New Notes will have substantially identical terms as the Original Notes; however, the New Notes will be issued under a separate indenture and have a different CUSIP number from the Original Notes.
  • Comstock intends to use the net proceeds from this offering to repay a portion of the borrowings currently outstanding under the Company’s bank credit facility and pay fees and expenses in connection therewith.

Comstock Announces 2024 Annual Meeting and Record Date

Retrieved on: 
Wednesday, March 27, 2024
PDT, Webcast, EDT, Annual general meeting

VIRGINIA CITY, Nev., March 27, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” or the “Company”) announced today that its 2024 Annual Meeting of shareholders will be held online May 30, 2024 in a virtual-only format via webcast.

Key Points: 
  • VIRGINIA CITY, Nev., March 27, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” or the “Company”) announced today that its 2024 Annual Meeting of shareholders will be held online May 30, 2024 in a virtual-only format via webcast.
  • Comstock shareholders as of the record date of April 2, 2024, can participate in the online annual meeting, including to vote your shares electronically and/or submit questions during the meeting.
  • The Company’s proxy statement will be sent to shareholders of record and will describe the matters to be voted upon.
  • Electronic entry to the meeting will begin at 8:30 a.m. PDT / 11:30 a.m. EDT and the meeting will begin promptly at 9:00 a.m. PDT / 12:00 p.m. EDT.

Comstock Announces Lady Vintner Lease at BLVD Forty Four

Retrieved on: 
Monday, April 8, 2024
Other Transport, Rail, Retail, Transport, Urban Planning, REIT, Landscape, Building Systems, Interior Design, Other Construction & Property, Architecture, Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, Restaurant, Bar, Wine & Spirits, Transportation, Public Transport, Travel, CHCI, Beer, Rockville Town Center

This first-ever location of The Lady Vintner will showcase a diverse selection of high-quality wine and beer and will feature an in-house sommelier.

Key Points: 
  • This first-ever location of The Lady Vintner will showcase a diverse selection of high-quality wine and beer and will feature an in-house sommelier.
  • “We are thrilled to announce the launch of our innovative wine and beer shop, The Lady Vintner,” said Ciara Cedeno, Owner Operator of The Lady Vintner.
  • The addition of The Lady Vintner to BLVD Forty Four further emphasizes Comstock's commitment to create a vibrant, amenity-rich hub in the heart of Rockville.
  • “We are proud to welcome a new woman-owned and run business, The Lady Vintner, to BLVD Forty Four,” said Tim Steffan, Chief Operating Officer for Comstock.

COMSTOCK RESOURCES, INC. ANNOUNCES $100.5 MILLION INVESTMENT BY MAJORITY SHAREHOLDER

Retrieved on: 
Wednesday, March 20, 2024
CRK

FRISCO, TX, March 20, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) announces that its majority shareholder, Jerry Jones, has agreed to make an additional $100,450,000 equity investment in the Company through two entities he controls.

Key Points: 
  • FRISCO, TX, March 20, 2024 (GLOBE NEWSWIRE) -- Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) announces that its majority shareholder, Jerry Jones, has agreed to make an additional $100,450,000 equity investment in the Company through two entities he controls.
  • Closing of the transaction is subject to customary closing conditions.
  • Following the equity investment, Jerry Jones will own approximately 67% of the Company’s common shares outstanding, up from 65% before this equity investment.
  • Comstock will use the proceeds from the equity investment to pay down bank debt which was partially incurred to fund several recently completed acquisitions of 200,000 net undeveloped acres in Comstock’s Western Haynesville play for $58.7 million.