Q: Does Comstock Mining try to work with local suppliers? If so, how successful is this approach?
A: Thank you for the thoughtful question. Our objectives are more aggressive than just trying to work with local suppliers. We are developing a stronger local network and genuinely integrating ourselves into the fabric of a more vibrant, sustainable local economy. By local, we don’t just mean the Comstock, Gold Hill and Virginia City but all of Storey County, Lyon County and ultimately greater Nevada.
We are heavily engaged locally now but we continue identifying, approaching and engaging the very best our locality has to offer. In this we have been fortunate, for northern Nevada is proving out as one of the most productive mining infrastructures in the country and the best-of-the-best are often found on our doorstep. This is especially true with direct-to-mining businesses such as assay and metallurgical testing, environmental and engineering consultants, and drilling. McClelland Labs, American Assay Laboratories, SRK Consulting, McGinley and Associates, KB Drilling, DeLong Construction and Drilling are all examples of industry leaders located in close proximity, usually within thirty miles of the Comstock.
Our rolling stock was purchased locally through Cashman Equipment Company, a Nevada based CAT dealer with a state-of-the-art parts and service facility in Reno. Our partnership with Cashman continues as we enter production and they become an important member of the team responsible for the maintenance and deployment of our heavy equipment.
We also just converted all of our propane service, including the Gold Hill Hotel properties, to a locally owned Carson City/Dayton supplier: Comstock Propane. The efficiencies are significant, and we partnered with a family business that has been part of northern Nevada for over 30 years.
Proximity is, of course, only one factor used when determining the most suited partner for a supply need. Innovation, reliability, customer service and environmental sensitivity are all equally important considerations. Remarkably, all of these elements came together recently in a company operating within Storey County: Applied Refining Concepts, LLC. This local company, based out of Carson City with a production facility located in the Tahoe-Reno Industrial Center, has engineered a revolutionary refining process resulting in a Nevada Division of Environmental Protection designated Alternate Fuel: GDieselTM. Our entire fleet will use this progressive fuel that significantly lowers emissions, increases power, increases mileage, all at a cost that is actually less than competitors using traditional fuels. GDieselTM is the perfect example of a partner that fits with Comstock Mining’s long-term need to become an intrinsic part of a systemic and sustainable local economy: one that produces better products with less environmental impact and measurable economic benefit.
We will be announcing a number of significant local contracts in the next few weeks. Our local network enables our “March to Production” as we are very quickly becoming Nevada’s newest gold and silver mining production company.
Corrado De Gasperis
President & CEO
Statements contained in this blog, which are not historical facts, including statements about plans, goals and expectations regarding businesses and opportunities, new or existing business strategies, capital resources and future financial results are "forward looking" as contemplated by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are subject to risks and uncertainties, including, but not limited to, changes in government regulation, generally accepted accounting principles, taxation, competition, general economic conditions and geopolitical conditions. Accordingly, actual results may differ materially from those projected or implied in the forward-looking statements.