Comstock Mining Announces Google’s Parent Investment In Northern Nevada In Immediate Vicinity of Comstock’s Certified Industrial Site
Virginia City, NV (April 18, 2017) - Comstock Mining Inc. (“Comstock” or the “Company”) (NYSE MKT: LODE) announced today, and the Wall Street Journal reported recently, that Google purchased 1,210 acres for $29.1 million at the Tahoe Reno Industrial (“TRI”) Center located in northwestern Nevada. Google will join other landmark companies such as Tesla, Switch, WalMart, Home Depot and many others, that are already investing or have existing operations at the TRI Center, located in the direct vicinity of the Company’s shovel-ready, 98-acre Comstock Industrial Site in Silver Springs, Nevada.
Corrado De Gasperis, President & CEO of Comstock Mining Inc. said, “Some of the world’s best companies continue to validate, with hard invested money, the competitive advantages and benefits of doing business in northern Nevada, and especially in Storey and Lyon Counties. We are the second largest landowner in Storey County and we have extensive lands along Highway 50, in Lyon County, Nevada. Our Comstock industrial Site is the perfect opportunity for companies looking to strategically and easily locate in business-friendly northern Nevada and join a network of global industries that are rapidly advancing their projects. We look forward to Governor Sandoval providing more information about Alphabet-Google and other companies locating here.”
Last month, the Company’s 98-acre Comstock Industrial Site received Nevada Certified Site accreditation from the Northern Nevada Development Authority (NNDA). This shovel-ready site is in immediate proximity of the super-routed USA Parkway and Highway 50 intersection. It is strategically located between the Silver Springs Airport and the recently re-zoned Downtown Silver Springs parcels and the USA Parkway—that is scheduled for completion later this year.
The Nevada Certified Site Program is designed to provide critical decision-making information to business owners, developers and site selectors to allow informed, expedited decisions. The Nevada Certified Site designation serves as a pre-qualification for buyers, indicating that a property’s title is clear, appropriately zoned, possesses sufficient utilities, adequate transportation access and other critical infrastructure for industrial and commercial uses. It also includes a confirmation that a positive, Phase One environmental assessment has been completed, among many other criteria. The designation ensures that a company’s expansion plans will not be held back by costly delays in permitting and approvals.
The 98-acre Comstock Industrial Site in Silver Springs, Nevada, is also located adjacent to the Silver Springs Airport, multiple, expansive parcels of commercial and industrial properties and immediately within the municipal water and sewer service area, serviceable by electrical power, natural gas, and communications. The Company also owns more than 256 acre-feet of the most senior water rights in the basin. NNDA has uploaded the certified site information packet at this link:
The property is ideally situated with excellent logistics in immediate proximity to where USA Parkway (State Route 439) connects with US 50 from Interstate 80, through the TRI Center, also known as the largest industrial park in the world. The Company plans to sell certain, non-mining related lands, buildings and water rights, including the Certified Site, for expected net cash proceeds of more than $14 million during the next 12 to 18 months. The Nevada Department of Transportation has an animated flythrough of USA Parkway (SR 439) that can be viewed at this link:
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Tuesday, April 18, 2017