Spruce Point negative on Comstock Mining (LODE)

March 10, 2021 10:21 AM EST

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Spruce Point negative on Comstock Mining (NYSE: LODE) and American Battery Metals Corporation (OTCBB: ABML).

From Spruce Point:

"We believe we have identified two egregious pretenders: American Battery Metals Corporation (OTCBB: ABML) and Comstock Mining (NYSEAmex: LODE), two companies with grand ambitions to enter the market for EV battery recycling. We will illustrate why we believe investors’ should heavily discount management’s claims of hundreds of millions of dollars in near-term revenues. We’ve even expose ABML’s exaggerated permitting claims with hard evidence from the city of Fernley, NV documenting that no permits are in process."

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