Close

Comstock Mining (LODE) Advances Purchase and Sale of Facility

Go back to Comstock Mining (LODE) Advances Purchase and Sale of Facility

Comstock Advances Purchase and Sale of Facility

April 27, 2023 6:00 AM EDT

VIRGINIA CITY, Nev., April 27, 2023 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (Comstock and the Company) today announced the receipt of an additional $7 million toward the sale of the LINICO Battery Recycling Facility (the Facility) to American Battery Technology Company, a Nevada corporation (ABTC), bringing total cash received to date to $18 million of the $27.6 million purchase price. Comstock has successfully completed the purchase of Facility and is now scheduled to receive the remaining net proceeds of over $8 million dollars over the next three months, with $3 million due in the next two weeks.

... More