Comstock Mining Inc. announced today that the Nevada Division of Environmental Protection’s Bureau of Mining Regulation and Reclamation approved a reduction in its Lucerne reclamation bonding requirement from several successful environmental reclamation and restoration efforts. Along State Route 342, just south of Gold Hill, Nevada, the [...]
Comstock Mining Inc. today announced a further update and progress toward the completion of the sale of its Lucerne properties . Tonogold Resources Inc. has accelerated paying the non-refundable, $3.5 million stock-based component of the purchase price, representing 3500 Shares of Convertible Preferred Stock with a stated value of $1,000 per share [...]
Comstock Mining Inc. announced today that the First Judicial District Court of the State of Nevada, in and for Storey County, favorably granted its Motion for the Plaintiff to file a “more definite statement.” On July 12, 2018, Precious Royalties LLC filed a complaint against the Company in the First Judicial District Court of the State [...]
Comstock Mining Inc. announced today that the Third Judicial District Court of the State of Nevada, at a hearing held yesterday, ruled in favor of the Company and Lyon County on the one remaining Due Process rights claim associated with the Lyon County Board of Commissioners Master Plan amendment and zone change associated with certain mineralized [...]
Comstock Mining Inc. today announced selected unaudited financial results for the fiscal quarter ended March 31, 2019. Corporate Realignment First Quarter 2019 Selected Strategic Highlights Executed the definitive agreement for the sale of the Company’s Lucerne properties to Tonogold for total consideration of approximately $23 million [...]
Comstock Mining Inc. today announced significant progress toward the completion of the sale of its Lucerne properties . The Company understands that Tonogold Resources Inc. has secured significant interest for funding the Lucerne purchase and is finalizing negotiations of optimal terms and allocations. Tonogold also recently executed a Term Sheet [...]
Comstock Mining Inc. will host a conference call on Thursday, May 9, 2019 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report First Quarter results and provide a business update. The live call will include a moderated Q&A, after the prepared remarks. The dial-in telephone numbers for the live audio are as follows: Toll Free: 1-888-241-0551 [...]
Comstock Mining Inc. announced today that it received a second $1 million non-refundable payment toward the sale of its Lucerne properties to Tonogold Resources Inc. . On January 28, 2019, the Company announced it entered into a definitive agreement with Tonogold for $15 million in cash, $8 million in obligation relief, a permanent reduction of [...]
Comstock Mining Inc. announced it has formally signed agreements to sell the Company’s non-mining assets in Silver Springs, Nevada. These non-mining assets include the Company’s 98-acre certified industrial site and related senior water rights and the purchase agreements and options on the 160 acres of land and water and sewer rights [...]
Comstock Mining Inc. today announced selected unaudited financial results for the fiscal year ended December 31, 2018. The Company has also entered into definitive agreements with Tonogold Resources Inc. to sell the Lucerne properties and accelerate the development of the Lucerne mine back into production. 2018 Selected Strategic and Operational [...]
Comstock Mining Inc. announced today that it has entered into a definitive agreement, and received a $1 million non-refundable payment toward the sale of its Lucerne properties to Tonogold Resources Inc. for $15 million in cash, relief of $8 million in future lease and reclamation obligations, a permanent reduction of annual operating expenses by [...]
Comstock Mining Inc. announced today that it received unanimous approval from the Storey County Board of Commissioners to extend its landmark Special Use Permit for mining and processing for the Lucerne Mine Project for the maximum allowable, 20-year term, extending the original 10-year term and permit until September 2, 2034. The full Board of [...]
