The following is a summary of the Comstock Inc. (LODE) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Comstock Inc.'s Q1 performance was stable with expenditures as expected, with a higher allocation to R&D and technology investments.

• The company invested $15 million over the past three years in GenMat, owning 32% of the company.

• The strategic investment in Green Li-ion has been successful with the launch of their first commercial scale facility in North America.

• Comstock anticipates substantial financial growth over the coming years, potentially generating over $125 million in annual revenue in five years.

• The company's capital efficient business model is likely to be self-sustaining within three years.

Business Progress:

• Comstock is making strides in strategic investments and innovations across fuel, metals, and mining sectors.

• The company's partnership with RenFuel is progressing well as evidenced by the integration of RenFuel's energy technology.

• Regarding its mining operations, it plans to monetize parts of its estate with an updated mine plan including current pricing assumptions.

• Multiple commercial agreements involving its IP in fuel production are expected in the current year.

• The commissioning of a zero-landfill solar panel recycling business is underway.

• Up to three 100,000-ton/year facilities are planned to be built over the next four years.

More details: Comstock Inc IR

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