Comstock Mining Inc. announced today that Tonogold Resources Inc. has agreed to a closing date of October 15, 2019, on the sale of Lucerne and delivered non-refundable stock-based fees totaling $830 thousand that have been paid timely. Tonogold also recently paid $575 thousand in non-refundable cash deposits bringing total cash deposits to $3.925 [...]
Comstock Mining Inc. announced a number of salient updates on its collaboration with Oro Industries Inc. , and the newly formed company called Mercury Clean Up LLC , for the manufacture and global deployment of mercury remediation systems with proprietary mechanical, hydro, electro-chemical and oxidation processes to reclaim, treat and remediate [...]
Comstock Mining Inc. announced today the appointment of Mr. Juan Carlos “JC” Giron Jr., CFS, as its Chief Financial Officer and President. Mr. Giron joins the Company with strong financial, capital markets, strategic planning, corporate and business development and compliance experience, having worked in critical financial and capital [...]
Comstock Mining Inc. today announced selected unaudited financial results for the fiscal quarter ended June 30, 2019. Second Quarter 2019 Selected Strategic Highlights Received $3.1 million in non-refundable cash deposits toward the Lucerne Sale; Received $3.92 million in non-refundable stock payments toward the Lucerne Sale, valued at $5 million [...]
Comstock Mining Inc. announced today that Tonogold Resources Inc. has elected to extend the closing date on the sale of the Lucerne properties until August 30, 2019, by remitting a non-refundable cash deposit of $875,000. Under the January 2019 agreement, Comstock is selling the membership interest in Comstock Mining LLC to Tonogold for $15 [...]
Comstock Mining Inc. will host a conference call on Thursday, August 15, 2019 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report Second Quarter results and provide a business update. The live call will include a moderated Q&A, after the prepared remarks. The dial-in telephone number for the live audio are as follows: Toll Free [...]
Comstock Mining Inc. today announced that Tonogold Resources Inc. paid the additional cash deposits totaling $400 thousand toward purchasing the Company’s Lucerne properties, bringing the payments to the full $1 million for extending the close until July 26, 2019. On January 24, 2019, the Company entered into an agreement with Tonogold to [...]
Comstock Mining Inc. and a subsidiary announced today that it has entered into a definitive agreement with Mercury Clean Up LLC , in collaboration with Oro Industries Inc. , for the manufacture and global deployment of mercury remediation systems with proprietary mechanical, hydro, electro-chemical and oxidation processes to reclaim, treat and [...]
Comstock Mining Inc. today announced that Tonogold Resources Inc. has paid an additional non-refundable cash deposit of $600,000 toward the purchase of the Company’s Lucerne properties. On January 24, 2019, the Company entered into an agreement with Tonogold to sell its Lucerne properties for $15 million . On June 21, the Company entered into [...]
Comstock Mining Inc. today announced progress on a number of strategic initiatives and corporate activities. Corporate Realignment During the first quarter of 2019, the Company’s Board of Directors approved the sale of the Lucerne mine and a strategy focused on high-value, high cash-generating, precious metal-based activities, including, but [...]
Comstock Mining Inc. announced that it received the 3,920 in Series D Convertible Preferred Stock Shares , from Tonogold Resources Inc. , as agreed last month. On January 28, 2019, the Company entered into an agreement with Tonogold for the sale of its Lucerne properties for $15 million . On April 30, 2019, Tonogold agreed to, among other things [...]
Comstock Mining Inc. today received a letter from the NYSE American LLC stating that the Company is in compliance with the NYSE’s continued listing standards set forth in Part 10 of the NYSE’s Company Guide. The NYSE specifically noted that the Company has cured the Company’s previously announced low selling price deficiency and [...]
