Comstock Mining Inc

Pure Comstock Silver Nevada Sesquicentennial Medallion This limited edition medallion commemorates Nevada’s Sesquicentennial and is the first substantial minting of Comstock Silver since the Carson City Mint closed in 1893.
Comstock Benefits
Comstock Foundation
Pure Comstock Silver Nevada Sesquicentennial Medallion
2017 Awards
2017 Awards
Comstock Mining Inc
Press Releases
Thursday, December 6, 2018

Comstock Mining Receives Landmark Permit Extension;
Unanimous Approval for 20-Year Permit Period

Virginia City, NV (December 6, 2018) -- Comstock Mining Inc. (“Comstock Mining” or “the Company”) (NYSE American: LODE) announced today that it received unanimous approval from the Storey County Board of Commissioners to extend its landmark Special Use Permit for mining and processing for the Lucerne Mine Project  for the maximum allowable, 20-year term, extending the original 10-year term and permit until September 2, 2034.   The full Board of County Commissioners was present and  voted unanimously to approve Comstock Mining’s application.  This permit represents one of the most significant, progressive and collaborative permit approvals in the Company’s history,  and its extension strengthens the foundation for the future growth of the Company and its partner in Lucerne’s development, Tonogold Resources Inc.

Comstock Mining applied for amendments to significantly extend the duration of the permitted and allowable uses for its entire Lucerne Mine Project, including the Lucerne Mine and resource area and the fully permitted American Flat processing area. The permit applies to both surface and underground mining, processing and milling, mine definition, exploration and development, and other ancillary uses with some of the more salient features highlighted below.

Strategic Permit Highlights

  • Permits over 1,200 acres, allowing for substantial expansion of mining and processing.
  • Permits over 400 acres to the south and west of the existing processing facility in American Flat.
  • Allows for ongoing mine definition and exploration for the assessment of mineral deposits, including their location, extent, depth and grade for the next phase of mine development.
  • Continues environmental best practices, including concurrent reclamations, modern monitoring and restorations of one of Nevada’s most historic and progressive mining districts.
  • Continues funding for historic protection, preservation and restoration of the Comstock Lode’s historic mining landmarks and cultural assets in both Virginia City and Gold Hill, Nevada.
  • Supports the ongoing development of the county’s significant mineral resources without impeding the growth of the tourism-based economy of the Comstock region.

Corrado De Gasperis, Executive Chairman and CEO commented, “The ongoing development of Lucerne, led by Tonogold, has been very thorough and diligent, especially in terms of resource development, enhanced focus on quality, mineable ounces and defining sustained economic feasibility. We and Tonogold can now invest, with even greater confidence, in responsible, economical mine development and plans for returning Lucerne back into production.” 

The Company and Tonogold have invested significant efforts and dollars in the redevelopment of gold and silver resources in the Lucerne Resource Area with a dedicated focus on enhanced economic feasibility.  Tonogold anticipates publishing an updated resource report within 4-6 weeks. 

Mr. De Gasperis concluded, “The extension of this permit is not only unprecedented in our Company’s history but an outstanding example of a true public-private partnership, focused on creating and sustaining a diverse Nevada economy.  Storey County has played a pivotal role in supporting responsible, sustainable, streamlined and profitable economic development by listening to, understanding and meeting the needs of the entire community.  We sincerely appreciate their confidence in us and the approval of a 20 year term.”

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near-term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans and developments that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the board of directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; including the nature and timing and accounting for restructuring charges, derivative liabilities and the impact thereof; contingencies; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities; including asset sales and the redemption of the debenture and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements.  Some of those risks and uncertainties include the risk factors set forth in this report and our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and the following: adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; business opportunities that may be presented to, or pursued by, us; acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Director of External Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Tuesday, November 27, 2018

Comstock Mining Announces Update on Non-Mining Asset Sales

Virginia City, NV (November 27, 2018) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) announced progress on its non-mining asset sales. The sale of the Gold Hill Hotel, to a local, experienced hotelier remains on schedule for closing in December. The buyer completed the final walk through inspection of the property last week with no material issues noted. In addition, the Company has entered into discussion and negotiation with local investors for the sale of its non-mining assets located in Silver Springs, Nevada.  

Corrado De Gasperis, Executive Chairman and CEO commented, “The sale process for the Gold Hill Hotel has progressed without incident and we have and continue to be impressed by the professionalism, care and community involvement of the new owners and we warmly welcome them to the Comstock. We are also thrilled by the interest of Nevada-based investors who are focused on opportunity zone investments in Storey and Lyon counties.”

On November 23, the Company was notified by the agent of the buyer of the Daney Ranch, that the proposed buyer was opting to terminate its offer of $3.25 million, previously announced to close later this month. The Company will relist the property for $4 million this week. 

Mr. De Gasperis concluded, “Our non-mining land sales are progressing toward the goal of eliminating our debt, and we expect this to be completed in the first half of next year, and possibly sooner. We anticipate the principal amount of the company’s secured debenture at year end will be approximately $7.8 million , with $14 million of remaining non-mining asset sales to be completed in 2019.”

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near-term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans and developments that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the board of directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; including the nature and timing and accounting for restructuring charges, derivative liabilities and the impact thereof; contingencies; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities; including asset sales and the redemption of the debenture and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements.  Some of those risks and uncertainties include the risk factors set forth in this report and our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and the following: adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; business opportunities that may be presented to, or pursued by, us; acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Director of External Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Tuesday, October 30, 2018

Comstock Mining Announces $4 million in Asset Sales, Third Quarter 2018 Results;
Advances Dayton Feasibility with 90+ Foot High-Grade Discovery

Virginia City, NV (October 30, 2018) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) today announced selected unaudited financial results for the fiscal quarter ended September 30, 2018.

Third Quarter 2018 Selected Strategic and Operational Highlights 

  • Received the 2018 BLM Sustainable Mineral Development Award;
  • Progressed, through our arrangement with Tonogold, an updated resource estimate  for Lucerne ;
  • Progressed, with Behre Dolbear, an updated resource estimate for a new Dayton NI 43-101 report;
  • Uncovered a new, large, high-grade, mineralized shear-zone in the Dayton adit;
  • Discovered gold and silver averaging 0.043 and 0.404 ounces per ton, respectively, in this Dayton zone;
  • Accepted a $3.25 million cash offer on the Daney Ranch;
  • Completed diligence for the $0.75 million sale of the Gold Hill Hotel;
  • Proceeds from contracted real estate sales would reduce our debenture to $4.6 million, or over 45%;
  • Delivered virgin samples of higher-grade, mineralized material from Dayton for testing, to Itronics; and
  • Deferred the purchase of the Downtown Silver Springs property to March 2019.

Corrado De Gasperis, Executive Chairman and CEO of the Company, said, “The sale of the Daney Ranch and Gold Hill Hotel bring huge, tax-free gains, that significantly lowers our debt and focuses us solely on efficient exploration, development and expansion of our gold and silver mining assets and their potential values at a time when gold is finally creeping back into favor.” 

Third Quarter and YTD 2018 Selected Financial Highlights and Outlook

For both the three-month and nine-month periods ending September 30, 2018, costs were down significantly when compared with the prior period. For the three-months ended September 30, 2018, the Company reported a reduction of approximately $0.5 million, or 24%, when comparing to the comparable 2017 period. For the nine months ended September 30, 2018, the Company reported a reduction of approximately $1.7 million, or 23%, when compared to the same period in 2017, with approximately $1 million coming from Tonogold subsidies.  

The Company recorded a net loss for the third quarter of 2018 of $2.0 million or ($0.03) loss per share, as compared to a net loss of $2.5 million, or ($0.06) loss per share for the third quarter of 2017. The Company recorded a net loss for the 2018 year-to-date nine-month period of $6.9 million or ($0.13) loss per share, as compared to a net loss of $8.2 million, or ($0.21) loss per share for the 2017 nine-month period.

Mr. De Gasperis added, “Our year-to-date costs were down in nearly every category, with significant reductions in real estate, mine claims and costs and environmental. We continue to analyze opportunities for reducing costs and sharing risks with strategic partners in order to increase the effectiveness of our mine developments.” 

At September 30, 2018, the principal amount of the Company’s secured debenture was $8.4 million. Cash and cash equivalents at September 30, 2018, were $1.2 million. Proceeds during the fourth quarter of 2018, from real estate sales, would reduce the principal amount of our debenture by over 45%, or $4.6 million, and reduce 2019 interest expense by over $425,000 per annum.

Exploration and Mine Development - Lucerne Resource Area

The Company’s option agreement gives Tonogold the right to lead engineering, development, drilling and test-work, all towards the objectives of completing and publishing National Instrument 43-101 (“NI 43-101”) compliant technical resource and economic feasibility assessments and ultimately, to earn into a joint venture for the future development and mining of minerals from Lucerne.  Tonogold has retained the independent mining advisory firm of Mine Development Associates to publish the NI 43-101 technical reports for Lucerne, with the first technical report expected in the fourth quarter of 2018. Tonogold can earn a 51% interest in the Lucerne Property, by advancing the Lucerne exploration and development activities and making cumulative capital expenditures on the Lucerne Property of $7.0 million by October 3, 2019, (of which, approximately $3 million has been expended to date) and $20 million (inclusive of the initial $7 million requirement) by April 3, 2021.

For the nine and three-month periods ended September 30, 2018, the Company recognized $1.0 million and $0.7 million, respectively, in reimbursements from Tonogold, primarily for mine claims, mine development, environmental and permitting compliance for advancing the Lucerne Mine project.  

Dayton Resource Area

The Company recently sampled a newly recognized, mineralized, cross-cutting shear zone. The full extent of the shear zone has not yet been exposed but a sample of the material was fire assayed for gold and silver and discovered 3 feet of 0.246 ounces per ton (OPT) Gold and 3.553 OPT Silver.

The Company expanded its sampling and mapping to define the full extent of the shear zone, including a program that exposed a 90.8 foot (27.7m) mineralized shear zone, beginning at 245 feet (74.7m) inside the Dayton adit.  The program included the collection of continuous channel samples along consistent intervals.  Visual changes in mineralogy and rock type determined the sample boundaries, with three-foot intervals. All samples were fire-assayed for gold and silver, and then further analyzed for 23 additional elements using Inductively Coupled Plasma – Atomic Emission Spectroscopy . The results for the entire zone averaged 0.043 OPT gold (1.47g/t) and 0.404 OPT silver (13.8g/t), including 7.5 feet averaging 0.121 OPT gold (4.14g/t) and 0.753 OPT silver (25.8g/t).  The previous identification of elevated values for Molybdenum, Cadmium, Selenium, and Tungsten were also confirmed.

The Company has retained the independent mining advisory firm of Behre Dolbear to produce a separate NI 43-101 compliant technical report for the Dayton resource area, anticipated during the first quarter of 2019.  This first report will provide an updated resource estimate and support the subsequent scope of publishing an NI 43-101 compliant Preliminary Economic Assessment (“PEA”) for the Dayton project.

Environmental Excellence and Clean Technologies

The Company is an established leader in sustainable, responsible mining and recently received the 2018 Sustainable Mineral Development Award from the United States Bureau of Land Management (BLM).  In 2017 and 2015, the Company also received Nevada’s Excellence in Reclamation Award, voted unanimously by the Nevada Division of Minerals and Environmental Protection, Department of Wildlife and the U.S. Forest Service and BLM.

Mr. De Gasperis added, “Winning National and Nevada-wide recognition in three of the past four years establishes a culture supporting the highest-quality environmental and social processes.  We are reaching even higher with our clean technologies partners to develop new technologies for breakthrough renewable, zero waste solutions.”

Our collaboration with Itronics, Inc., (OTC: ITRO) has expanded into sampling higher-grade Dayton materials.  Itronics previously reported positive results from testing leached material with its proprietary KAM-Thio solution. The previously-leached test results demonstrated that the residual silver, gold, base metals, and cyanide can be recovered, creating an environmentally attractive process. While extracting metals in the test process, the KAM-Thio residual solution was substantially regenerating during process, thereby reducing the net consumption and creating a potentially compelling economic solution.  Test results also showed that the cyanide residual in the cyanide leached material was removed by the new leaching process, neutralizing the solution to drinking water standards. These results could dramatically reduce reclamation costs and associated bonding, while adding the prospect of alternative uses for the materials.  The Company delivered the new samples of higher-grade mineralized material with two objectives: first, to model the same process flow sheet that they developed for processing the Company’s previously leached material, and second, to test the ability of the KAM-Thio liquid to recover gold as effectively as silver.  The Company will report results as they become available.

Liquidity & Capital Resources
During October, 2018, the Company reached a new agreement to sell the Daney Ranch for $3.25 million, subject to escrow and customary closing conditions, with an anticipated close on November 30, 2018.  The Company also has an agreement to sell the Gold Hill Hotel to an experienced boutique hotelier, for $0.75 million with closing anticipated to occur by December 31, 2018.  Proceeds of almost $4 million from these two real estate sales would reduce the principal amount of the debenture to approximately $4.6 million, or over 45%.

During October, 2018, the Company received $546,107 from Tonogold in reimbursement for expenses for the month of August 2018, increasing the total received from Tonogold since the inception of the Option agreement to $3.9 million, including $2.2 million in option payments and $1.7 million in reimbursements.  For fiscal year 2018, we have received $2.0 million in option payments and $1.0 million in reimbursements, or a total of $3.0 million. 
Common shares outstanding at September 30, 2018, totaled 70,852,819. At quarter end June 30, 2018, the Company’s shares outstanding were 53,834,285. During the quarter, the Company issued 9,333,000 shares of common stock through the Company’s equity purchase agreement and 2,727,273 shares of common shares in a private placement.  Gross proceeds from the issuance of those shares totaled approximately $2.0 million at an average price per share of $0.165. In August 2018, the Company issued 2,774,490 shares of Common Stock with a fair value of $482,500 as payment for the annual contribution to Northern Comstock, LLC.

The Company also has cash and cash equivalents of $1.2 million at September 30, 2018.

Corporate and Outlook

We understand that Tonogold plans on publishing an updated NI 43-101 compliant mineral resource estimate for the Lucerne Project during the fourth quarter of 2018.  We plan on publishing an NI 43-101 compliant mineral resource estimate for the Dayton Project during the first quarter of 2019.   The plan also includes expanding the current resource at the Dayton and continuing southerly into Spring Valley with incremental expansion programs that include exploration and definition drilling of targets identified by geophysical surveys during 2019.

During, 2018, the Company amended its agreement for the purchase of 100% of the membership interests of Downtown Silver Springs, LLC (“DTSS”). DTSS holds an option for the purchase of approximately 160 acres of centrally located land in Silver Springs, Nevada, and separately, holds an option to purchase 350 units of water rights (equaling 392 acre-feet) and 200 units of sewer rights.  On October 1, 2018, the Company paid $250,000 toward the remaining $2.7 million purchase price for the land and extended the options for the land, water and sewer rights out to March 31, 2019. The Company plans on selling its 98-acre industrial property and the option on the 160-acre commercial property owned by DTSS in the first half of 2019, eliminating the remaining debt, funding operations and further strengthening its balance sheet.

Mr. De Gasperis concluded, “We are now monetizing our non-mining assets at significant, tax-free gains, planning to pay down our debenture, and positioning the Company for accelerated mineral property and resource growth with the accretive development of our mining properties. Our strategic objective is to position the Company to take advantage of increasing precious metal prices and maximize the value to our shareholders.”

Conference Call

The Company will host a conference call today, October 30, 2018, at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time.  The live call will include a moderated Q&A, after the prepared comments by the Company.  The dial-in telephone numbers for the live audio are as follows:

Toll Free: 1-800-682-0995
Direct: 1-334-323-0509
Confirmation Code: 5181626
The audio will be available, usually within 24 hours of the call, on the Company website:
http://www.comstockmining.com/investors/investor-library

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is a leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near-term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans and developments that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the board of directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; including the nature and timing and accounting for restructuring charges, derivative liabilities and the impact thereof; contingencies; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities; including asset sales and the redemption of the debenture and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements.  Some of those risks and uncertainties include the risk factors set forth in this report and our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and the following: adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; business opportunities that may be presented to, or pursued by, us; acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Director of External Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Thursday, October 18, 2018

Comstock Mining Announces Notice of Third Quarter 2018 Results and
Business Update Conference Call

Virginia City, NV (October 18, 2018) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) will host a conference call on Tuesday, October 30, 2018 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report Third Quarter 2018 results and provide a business update. The live call will include a moderated Q&A, after the prepared remarks.  The dial-in telephone numbers for the live audio are as follows:

Toll Free: 1-800-682-0995
Direct: 1-334-323-0509
Confirmation Code: 5181626
The audio will be available, usually within 24 hours of the call, on the Company website:
http://www.comstockmining.com/investors/investor-library

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the board of directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; including the nature and timing and accounting for restructuring charges, derivative liabilities and the impact thereof; contingencies; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities; including asset sales and the redemption of the debenture and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements.  Some of those risks and uncertainties include the risk factors set forth in this report and our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and the following: adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; business opportunities that may be presented to, or pursued by, us; acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Director of External Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Tuesday, October 16, 2018

Comstock Discovers 90+ Foot Zone Averaging 0.042 opt Gold and 0.404 opt Silver;
Progresses Dayton Resource Development Towards NI 43-101 Technical Report

Virginia City, NV (October 16, 2018) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) today announced assay results from the recently uncovered, high-grade shear-zone in the Dayton adit.  The current Dayton sampling and development work includes extended geological mapping, representative sampling of the high-grade shear-zone and metallurgical testing for processing this mineralized material with clean alternatives to cyanide.  These efforts are contributing to the development of an updated resource model and the related technical reporting.

Corrado De Gasperis, Executive Chairman and CEO of the Company, said, “When we discovered the exceptional, precious-metal grades in the newly exposed zone (assaying 0.25 opt gold and 3.5 opt silver), we commissioned this sampling plan that has now yielded more than 90 feet of outstanding, continuous gold and silver grades.”

The Company completed an expanded, systematic sampling program that exposed a 90.8 foot (27.7m) mineralized shear zone, starting 245 feet (74.7m) inside the Dayton adit.  The expanded program included the collection of continuous channel samples along consistent intervals of the right rib of the adit.  Visual geological changes in mineralogy and rock type determined the sample boundaries, with intervals averaging approximately three feet in length. 

All samples were fire-assayed for detection of gold and silver, and then further analyzed using Inductively Coupled Plasma – Atomic Emission Spectroscopy (ICP-AES) for detection of up to 23 additional elements.  The results for the entire 90.8 foot (27.7m) zone averaged 0.043 opt gold (1.47g/t) and 0.404 opt silver (13.8g/t).  The zone included 7.5 feet averaging 0.121 opt gold (4.14g/t) and 0.753 opt silver (25.8g/t).  The previous identification of elevated values for Molybdenum, Cadmium, Selenium, and Tungsten were confirmed by this latest, detailed sampling.

dayton prDayton Resource Area

The development of the Dayton Resource also includes an ongoing evaluation of clean processing alternatives, and extensive metallurgical testing conducted by Itronics, Inc. (OTC: ITRO) using their proprietary KAM-Thio solution. The previous tests by Itronics recovered the substantial majority of the silver while the new KAM-Thio residual solution was substantially regenerating during the metal recovery process, thus reducing the net consumption of the reagents and creating a potentially compelling economic solution. Itronics has also previously reported that the remaining cyanide in the leached material was neutralized by the new leaching process, reducing the cyanide to an almost undetectable level on the spent material.

Mr. De Gasperis added, “We have already reported positive silver results using this solution on previously leached material.  We are now extending the tests onto higher-grade, virgin, mineralized materials from the Dayton to determine if we can replicate the clean extraction with gold.”

The Company delivered new samples of higher-grade mineralized material to Itronics for testing, with two objectives: first, to model the same process flow sheet that they developed for processing the Company’s previously leached material, and second, to test the ability of the KAM-Thio liquid to recover gold as well as silver.  A battery of tests has been run, based on a hypothetical flowsheet, and  solid and liquid samples have been submitted to metallurgical laboratories for analysis.

Dr. John Whitney of Itronics commented, “This is the first time this type of test has been run using KAM-Thio liquid to evaluate the gold solubilization from virgin gold bearing material. If results are positive, then a series of tests will be scheduled to optimize the process.”

Mr. De Gasperis concluded, “A breakthrough with higher, cleaner recoveries, coupled with reduced waste and the recently extended higher precious metal grades at the Dayton, positions us for an updated resource estimate and more importantly, the preliminary economic assessment (PEA) of those gold and silver resources.  With these expanded results and scope, we plan on publishing a stand-alone NI 43-101 technical report for the Dayton project during the first quarter of 2019.”

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near-term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans and developments that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the board of directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; including the nature and timing and accounting for restructuring charges, derivative liabilities and the impact thereof; contingencies; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities; including asset sales and the redemption of the debenture and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements.  Some of those risks and uncertainties include the risk factors set forth in this report and our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and the following: adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; business opportunities that may be presented to, or pursued by, us; acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Director of External Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Monday, October 1, 2018

Comstock Mining Receives National Sustainable Mineral Development Award;
BLM Recognizes the Exceptional Reclamation of the Historic Silver Hill Mine Shaft

Virginia City, NV (October 1, 2018) Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE American: LODE) announced today that it received the United States Bureau of Land Management’s (BLM) 2018 Reclamation and Sustainable Mineral Development Award, in recognition of the complex reclamation, deep shaft sealing and restoration of the Historic Silver Hill Mine shaft, that was completed in conjunction with the realignment and rebuilding of a major portion of Nevada’s State Route (SR) 342. This project included capping of a hazardous, historic mine shaft, the realignment of a major state route away from that mine shaft, safe removal of hazardous materials from legacy mining and the reclamation and beautification of historic mine features and historic mining landscapes in the Historic Comstock Lode Mining District.

Corrado De Gasperis, Executive Chairman and CEO of the Company, stated, “Our Comstock team successfully led an unprecedented, multi-agency partnership and process that resulted in an accelerated, efficient, safe and beautifying realignment of State Route 342 that enabled a massive environmental remediation, mining and enhanced tourism, all in one project.  This was a truly remarkable accomplishment.”

The BLM’s Reclamation and Sustainable Mineral Development Awards Program showcases the best of the more than 2 million acres of mined land that has been reclaimed by the U.S. mining industry. It also demonstrates how cooperative conservation can be put to use to provide Americans with energy and minerals that are vital to our economic and national security while restoring the land for use by future generations.

Mr. De Gasperis added, “We thank the BLM and the National Mining Association for being great partners and for recognizing Comstock Mining and our entire extended team with this award for excellence in reclamation and sustainability. This is our third environmental excellence recognition in the past four years, so for us, this achievement represents the consistent, reliable commitment of our ‘Comstock Responsible’ team and culture.”  

This BLM award was presented in Washington, DC last week during a luncheon hosted by the National Mining Association. In 2015 and 2017, the Company received recognition from the Nevada Excellence in Mine Reclamation Awards program. In 2015, the recognition award was for Site Restoration and Outstanding Rehabilitation and in 2017 the award recognized the Company for Abandoned Mine Lands Hazard Mitigation.

Photo 1

COMSTOCK MINING RECEIVES NATIONAL BLM AWARD—On Thursday, September 27 Comstock Mining received the 2018 BLM Reclamation and Sustainable Mineral Development Award.  From left to right: Scott Jolcover, Director of Business Development; Corrado De Gasperis, Executive Chairman and CEO; Kathy Benedetto, Senior Advisor to the Director at BLM; Zach Spencer, Director of External Relations.

The Company has been operating in the Comstock District since 2003. Through public-private partnerships, the Company coordinated and collaborated with communities in both Storey and Lyon Counties, the Nevada Division of Environmental Protection, the Bureau of Corrective Actions; the Nevada Department of Transportation (NDOT); the State Historic Preservation Office; McGinley & Associates; Debra Lemke; RCI; and the U.S. Army Corps of Engineers. Cooperative partnerships coupled with relationships built over time on trust are extremely important when a large project must be undertaken, permitted and completed in a timely fashion to benefit the public.

NEVADA STATE ROUTE 342 LOOKING NORTHWESTNEVADA STATE ROUTE 342 LOOKING NORTHWEST

NEVADA STATE ROUTE 342 LOOKING SOUTHEAST NEVADA STATE ROUTE 342 LOOKING SOUTHEAST

Following a weekend of heavy precipitation, cracks in SR 342 were detected and NDOT temporarily closed it on February 8, 2015. In early March, 2015 NDOT announced that this section of SR 342 would remain closed until a temporary by-pass could be built by Comstock Mining that would be opened to the public in June of 2015 and that the mining company had stepped forward to fund and build the entire project with oversight provided by NDOT and Storey County. SR 342 was re-opened to the public ahead of schedule in early December of 2015, with final acceptance by NDOT and Storey County in May of 2017.

NEW CULVERTS AND GUARDRAILS WERE INSTALLED ON STATE ROUTE 342NEW CULVERTS AND GUARDRAILS WERE INSTALLED ON STATE ROUTE 342

Working cooperatively with state and federal agencies, Comstock Mining’s project to fill and cap the legacy Silver Hill Mine shaft was also an opportunity to remediate legacy mine dumps that contained imported elemental mercury. In fact, Comstock Mining recovered 1,000 pounds of this imported elemental mercury from pre-1904 mine tailings and captured it for proper disposal. Funded by Comstock Mining, this $3 million reclamation project included the rebuilding and realignment of SR 342 and it reduced costs to the state and local municipalities, and thus, taxpayers. It also provided a safer and more efficient passage for mining operations.  It features a scenic rock-lined waterway and enhances the quality of life for residents throughout the northern Nevada region by providing a safe route to and from Virginia City and offers tourists an easy route to visit our historic region and its many businesses.    

GOLD CANYON CREEK NOW FLOWS ALONG A SCENIC ROCK-LINED WATERWAYGOLD CANYON CREEK NOW FLOWS ALONG A SCENIC ROCK-LINED WATERWAY

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near-term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans and developments that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the board of directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; including the nature and timing and accounting for restructuring charges, derivative liabilities and the impact thereof; contingencies; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities; including asset sales and the redemption of the debenture and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements.  Some of those risks and uncertainties include the risk factors set forth in this report and our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and the following: adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; business opportunities that may be presented to, or pursued by, us; acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Director of External Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Tuesday, September 4, 2018

Comstock Mining Commences Clean KAM-Thio Tests;
Collaborating with Itronics on the Dayton Resource Development

Virginia City, NV (September 4, 2018) Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE American: LODE) today announced that the Company and Itronics Inc. (OTC: ITRO), have commenced testing Itronics’ clean, KAM-Thio recovery system on unprocessed gold and silver bearing minerals extracted from Comstock’s Dayton resource area, located in Lyon County, Nevada.

The previous tests recovered the substantial majority of the silver while the new KAM-Thio residual solution was substantially regenerating during the metal recovery process, thus reducing the net consumption of the reagents and creating a potentially compelling economic solution. Itronics has also previously reported that the remaining cyanide in the leached material was neutralized by the new leaching process, reducing the cyanide to an almost undetectable level on the spent material and potentially to drinking water standards in the residual solution.

Corrado De Gasperis, Executive Chairman and CEO commented, “We have previously reported positive results processing this solution on previously leached material, especially with silver, so we are extending the tests onto higher-grade, virgin materials to determine if we can replicate the clean extraction with both silver and gold.”
 
The testing on freshly exposed mineralized material should better model and validate the key processing steps for the extraction of the gold, as well as the silver.  The combined process results could dramatically reduce reclamation costs and associated bonding for the Dayton project.    

This now extends the collaboration between our two companies beyond evaluating whether the engineered, process flow design works for extracting remaining gold and silver from previously leached materials, to applications for extracting both gold and silver from virgin mineralized materials.  This enhanced process could improve the economic feasibility of the Company’s Dayton project and potentially also result in the production of clean rock products that may be saleable.

Mr. De Gasperis concluded, “A breakthrough with higher, cleaner recoveries, coupled with reduced waste and the recently discovered higher precious metal grades (up to 0.25 opt gold and 3.5 opt silver) in the Dayton adit, positions us toward an updated resource estimate and, more importantly, the preliminary economic assessment (PEA) of those gold and silver resources.  We look forward to publishing all of these results, along with the rest of our progress, in a stand-alone, NI 43-101 technical report, later this year.”

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near-term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans and developments that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the board of directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; including the nature and timing and accounting for restructuring charges, derivative liabilities and the impact thereof; contingencies; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities; including asset sales and the redemption of the debenture and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements.  Some of those risks and uncertainties include the risk factors set forth in this report and our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and the following: adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; business opportunities that may be presented to, or pursued by, us; acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Director of External Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Tuesday, July 31, 2018

Comstock Mining Announces Second Quarter 2018 Results;
Advances Dayton and Lucerne Resource Development; Secures Strategic Water Rights and Land

Virginia City, NV (July 31, 2018) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) today announced selected unaudited financial results for the fiscal quarter ended June 30, 2018.

Second Quarter 2018 Selected Strategic and Operational Highlights 

  • Received $2 million in cash proceeds for the Lucerne option agreement, in April, advancing into the second phase of the Lucerne Mine Project’s development with Tonogold Resources Inc. (“Tonogold”);
  • Discovered, at the Dayton Resource, 3 feet of 0.246 opt Gold and 3.553 opt Silver, including the identification of multiple, new, mineralized structures;
  • Retained Behre Dolbear to produce a stand-alone, NI 43-101  technical “Resource” report and a Preliminary Economic Assessment technical report, both for the Dayton Resource Area;
  • Advanced screening-level, economic analysis of a pilot-processing facility with Itronics, Inc., (OTC: ITRO) using their KAM-Thio metallurgical recovery processes on Dayton material;
  • Estimated annualized additional cost reductions of $1.25 million from Tonogold reimbursement
    subsidies; and
  • Secured additional water rights and property in Silver Springs, Nevada, expanding strategic alternatives.  

Mr. De Gasperis commented,  “Last month, the U.S. Treasury confirmed that Storey County, NV and parts of Silver Springs, NV, in Lyon County, had been certified as newly created Opportunity Zones.  Shortly thereafter, the Vidler Water Company announced the sale of 500-acre feet of water rights in Lyon County, Nevada to a real estate developer for $10 million, or $20,000 per acre foot. Additionally, a Vidler subsidiary agreed to sell over 70 acre feet of water to a developer near Reno for $35,000 per acre foot. These incentives and comps demonstrate how we are growing and entitling our assets in a rapidly industrializing region and positioning them for profitable monetization.”

Second Quarter 2018 Selected Financial Highlights
For both the three-month and six-month periods ending June 30, 2018, every category of cost was down as compared to the prior year period.  During the quarter ended June 30, 2018, the Company reduced total Operating Costs (all categories) by 24%, or more than $0.6 million, as compared to the second quarter of 2017.  These improvements include approximately $0.2 million in reimbursements from Tonogold.  The Company’s net loss for the quarter ended June 30, 2018, was $2.4 million, or ($0.04) loss per share, as compared to net loss of $2.9 million, or ($0.08) loss per share for the comparable 2017 period.

For six-months ending June 30, 2018, the Debenture was reduced to $8.4 million, representing an over 21% reduction from the original debenture obligation.  Cash and cash equivalents at June 30, 2018, were $1.5 million.
Mr. De Gasperis added, “Our cost reduction efforts and this subsidizing partnership have allowed us to further reduce our net spending while efficiently advancing both of our mining projects. Tonogold is making excellent progress on the Lucerne assessment and should have an NI 43-101, Property of Merit technical report, authored by Behre Dolbear in the next month or so.  The Company’s efforts are now focused on advancing the Dayton project. The new discovery and updated technical reports will confirm the value we expect to deliver in Dayton.”

Exploration and Development - Lucerne Resource Area
The Company’s option agreement with Tonogold gives them the right to lead engineering, development, drilling and test-work, all towards completing a technical and economic feasibility assessment and ultimately, to earn into a joint venture for the future development and mining of minerals from the Lucerne Property.

This quarter, the Company received a $2 million payment as Tonogold elected to advance into the second phase of the Lucerne Mine Project option.  The Company immediately used $1.5 million of the proceeds, as required, to pay down its debenture, and then paid down an additional $0.25 million of the debenture.  Tonogold can now earn a 51% interest in the Lucerne Property, by advancing the exploration and development activities by making cumulative capital expenditures of $7 million by October 3, 2019, and $20 million by April 3, 2021. Tonogold has progressed on the technical assessment of the Lucerne Project and plans on issuing two National Instrument 43-101 compliant reports, the first is scoped as a “Property of Merit” report, expected imminently this summer, and the second should represent an updated Resource Report, also NI 43-101 compliant, later this year.

Dayton Resource Area
The Company recently exposed, sampled and revealed a newly recognized, mineralized, cross-cutting shear zone, dominated by black and orange ferro-manganese clays with bronze colored bands.  The Company previously reported historic assays that identified a continuous zone of mineralization in the Dayton of more than 205 feet with an average grade of 0.054 ounces of gold per ton. The full extent of the shear zone has not yet been exposed. A one meter (approximately 3 feet) wide sample of the material was collected and fire assayed for gold and silver.  The samples led to a new discovery of 3 feet of 0.246 opt Gold and 3.553 opt Silver, including the identification of the following elevated values for a number of elements:


Gold

Silver

Cadmium

Lead

Selenium

Thallium

Tungsten

Zinc

Au

Ag

Cd

Pb

Se

Tl

W

Zn

7.50 ppm

110.5 ppm 

12.9 ppm

46 ppm

32 ppm

7.8 ppm

22 ppm

102 ppm

0.246 opt

3.553 opt

N/A

N/A

N/A

N/A

N/A

N/A

Previous multi-element analyses conducted in the Company’s resource areas have typically showed very low base metal content (typically between 10-20 ppm) and non-detectable values of Cadmium (Cd), Selenium (Se), Thallium (Tl), and Tungsten (W).  This specific zone has a very different geochemistry signature, with much higher values.  The Company plans additional sampling and geological mapping to define the full extent of the shear zone.

The Company has retained the independent mining advisory firm of Behre Dolbear to produce a separate NI 43-101 compliant technical report for the Dayton resource area, anticipated during the fourth quarter of 2018, followed by a Preliminary Economic Assessment (“PEA”).  This first report will provide an updated resource estimate and support the subsequent scope of publishing a NI 43-101 compliant PEA for the Dayton project.

The Company has also been collaborating with Itronics, Inc., on Dayton mineralized materials.  Itronics previously reported positive results from initial testing of its clean processing technology. The leaching test results demonstrated that the residual silver, gold, base metals, and cyanide can be recovered from previously leached material as well as new mineralized samples from the Dayton, creating a potentially efficient and environmentally attractive process. The metals were recovered while the new KAM-Thio residual solution was substantially regenerating during the extraction process, thereby reducing the net consumption of the materials, and creating a potentially compelling economic solution.  

Itronics also reported that the cyanide residual in the cyanide leached material was removed by the new leaching process, neutralizing the solution to drinking water standards. These results could dramatically reduce reclamation costs and associated bonding, while adding the prospect of alternative uses for the materials.  

Operating Costs
Our cost streamlining, primarily implemented in 2017, and continuing through 2018, lowered operating costs in all categories by well over $6 million, as compared to 2016, exceeding our targets while still expanding our lands. These 2017 actions have already realized an additional $0.6 million in savings in 2018, that are expected to total $2 million in savings for the full year 2018, as compared to 2017. We are lean and positioned to grow our assets, their readiness and their values in the latter part of 2018.  

Corporate - Strategic Water Rights and Land
On May 30, 2018, and amended on June 22, 2018, the Company entered into an agreement for the purchase of 100% of the membership interests of Downtown Silver Springs, LLC (“DTSS”). DTSS holds an option for the purchase of approximately 160 acres of centrally located land in Silver Springs, Nevada, and separately, holds an option to purchase 350 units of water rights (equaling 392 acre-feet) and 200 units of sewer rights.

The option to purchase the 160 acres of land allows the Company to purchase the land for approximately $3.5 million, expires on October 15, 2018. The option to purchase the water and sewer rights allows the holder to purchase the water rights for $5,800 per acre foot and the sewer rights for $7 per sewer unit and expires on December 31, 2018.  The water rights and sewer unit usages are not restricted to the 160-acre parcel. The Company has paid $0.8 million toward the approximately $3.5 million purchase price for the land.

Liquidity & Capital Resources
The Company’s shares outstanding July 25, 2018, were 57,286,428. At quarter end March 31, 2018, the Company’s shares outstanding were 53,391,428. The proceeds from the 3,895,000 shares issued via a purchase agreement with Leviston Resources were used to secure the strategic water rights and land in Silver Springs, NV. The Company also has cash and cash equivalents of $1.5 million at June 30, 2018.

Outlook
Mr. De Gasperis concluded, “We are aggressively positioning both our mining and non-mining assets, including a strategically expanded water portfolio, so that we can maximize the value for our shareholders, either through larger monetization of these asset packages or using the water and other rights to strategically expand our mining platform.  We are in discussions on all of these fronts with the expectation that we will monetize these assets so that we are debt free, with funding, to develop and expand our mining resources, production lives and maximize the potential value as gold prices and markets improve.”

Conference Call
The Company will host a conference call today, July 31, 2018, at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time.  The live call will include a moderated Q&A, after the prepared comments by the Company.  The dial-in telephone numbers for the live audio are as follows:

Toll Free: 1-877-260-1479

Direct: 1-334-323-0522

Confirmation Code: 6553001

The audio will be available, usually within 24 hours of the call, on the Company website:
http://www.comstockmining.com/investors/investor-library

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near-term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans and developments that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the board of directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; including the nature and timing and accounting for restructuring charges, derivative liabilities and the impact thereof; contingencies; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities; including asset sales and the redemption of the debenture and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements.  Some of those risks and uncertainties include the risk factors set forth in this report and our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and the following: adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; business opportunities that may be presented to, or pursued by, us; acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Director of External Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Thursday, July 19, 2018

Comstock Mining Advances the Dayton Resource Development,
Schedules 2018 Dayton NI 43-101;
Discovers 3 feet of 0.246 opt Gold and 3.553 opt Silver in Crosscutting Mineralization

Virginia City, NV (July 19, 2018) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) today announced its progress towards, and additional plans for, advancing its Dayton project, which contains the Company’s second largest gold and silver mineral resource. The Company has retained the independent mining advisory firm of Behre Dolbear to produce a National Instrument 43-101 (“NI 43-101”) compliant technical report for the Dayton resource area, followed by a Preliminary Economic Assessment (“PEA”) during the fourth quarter of 2018.  This report is expected to include a robust resource estimate, and to provide a plan to further develop the resource. It will also be the basis for the subsequent PEA, which will assess the preliminary economic feasibility for the project.

Corrado De Gasperis, Executive Chairman and CEO of the Company, commented, “We have always planned for the Dayton to be our second operating mine, and have been working diligently to increase our understanding of this important area. The new technical report and PEA will confirm the value we have placed on the Dayton.”
Behre Dolbear authored the Company’s previous, January 2013 Technical Report for the Comstock Mine Project, which included a resource estimate for the Dayton resource area.  The 2013 estimate included 8.33 million tons of Measured and Indicated resources, containing 238,000 ounces of gold and 1,770,000 ounces of silver, at a cutoff grade of 0.007 ounces of gold per ton.  The estimate included an additional 8.59 million tons of Inferred resources, containing 206,000 ounces of gold and 1,130,000 ounces of silver. The new report will be the first stand-alone, NI 43-101 compliant report for the Dayton resource area.
Since January 2013, the Company has:

  • Increased the property position, both mining claims and private land, including more than 350 acres of contiguous private lands suitable for a dedicated mineral processing site;
  • Achieved a landmark, Lyon County Master Plan and zoning change that broadened the potential land uses, and restored mining as an appropriate use for the historic mining patents;
  • Restored the historic mine portals for safe exploration in the Dayton project area;
  • Completed underground geologic mapping of the accessible, historic Dayton mine workings;
  • Completed underground sampling that provided assays and other analysis for furthering the geologic interpretation, including the identification of new mineralized structures;
  • Drilled 408 shallow holes totaling 30,819 feet, identifying mineralized structures covered by shallow alluvium that meaningfully improved the geological mapping of the area;
  • Expanded trials with Cycladex, Inc., a strategic investee, in part funded by the National Science Foundation, for extensive testing of their patented, cycladextrin lixiviant, a potential alternative to traditional cyanide heap leaching; and
  • Advanced screening-level, economic analysis of a pilot-processing facility with Itronics, Inc., (OTC: ITRO) using their KAM-Thio metallurgical recovery processes, a potential alternative to traditional cyanide heap leaching for processing Dayton material.

This new information will support building a completely updated, three-dimensional model of the Dayton project, with a new resource estimate, that will be included in a new NI 43-101 Technical Report, scheduled for the fourth quarter of this year.  The new resource model will be used as the basis for a PEA that evaluates multiple economic scenarios for mining and processing the Dayton material.
The ongoing project development has most recently benefitted from updated data and analysis from accessing the restored Dayton Adit.  The Dayton Adit was developed from 1938 until 1942. The Company previously reported historic assays that identified a continuous zone of mineralization in the Dayton Adit of more than 205 feet of length with an average grade of 0.054 ounces of gold per ton.
Heavy rainfall during the past two years exposed and revealed a newly recognized, mineralized, cross-cutting shear zone, dominated by black and orange ferro-manganese clays with bronze colored bands.  The full extent of the shear zone has not yet been exposed. A one meter (approximately 3 feet) wide sample of the material was collected and analyzed using Inductively Coupled Plasma – Atomic Emission Spectroscopy (ICP-AES) and fire assayed for gold and silver. 
The results showed the following elevated values for a number of elements:

Gold

Silver

Cadmium

Lead

Selenium

Thallium

Tungsten

Zinc

Au

Ag

Cd

Pb

Se

Tl

W

Zn

7.50 ppm

110.5 ppm 

12.9 ppm

46 ppm

32 ppm

7.8 ppm

22 ppm

102 ppm

0.246 opt

3.553 opt

N/A

N/A

N/A

N/A

N/A

N/A

Previous multi-element analyses conducted in the Company’s resource areas typically showed very low base metal content (typically between 10-20 ppm) and non-detectable values of Cadmium (Cd), Selenium (Se), Thallium (Tl), and Tungsten (W).  This specific zone has a very different geochemistry signature, with much higher values.  The Company plans additional sampling and detailed geological mapping to define the full extent of the shear zone.

Mr. De Gasperis concluded, “The discovery of these exceptional precious metal grades (0.25 opt gold and 3.5 opt silver) and now other minerals, in just a portion of the newly exposed zone affirms and enhances our outlook of Dayton’s potential.  We are gaining traction using internal resources and partners to assess alternative processing technologies with higher yield, lower waste and, critically, lower cost and clean solutions for mining the Dayton. We look forward to publishing these results in a stand-alone, NI 43-101 technical report.”

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near-term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans and developments that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the board of directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; including the nature and timing and accounting for restructuring charges, derivative liabilities and the impact thereof; contingencies; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities; including asset sales and the redemption of the debenture and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements.  Some of those risks and uncertainties include the risk factors set forth in this report and our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and the following: adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; business opportunities that may be presented to, or pursued by, us; acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Director of External Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Wednesday, July 18, 2018

Comstock Mining Announces Notice of Second Quarter 2018 Results and Business Update Conference Call

Virginia City, NV (July 18, 2018) Comstock Mining Inc. (the “Company”) (NYSE American: LODE) will host a conference call on Tuesday, July 31, 2018 at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time to report Second Quarter 2018 results and provide a business update. The live call will include a moderated Q&A, after the prepared remarks.  The dial-in telephone numbers for the live audio are as follows:

Toll Free: 1-877-260-1479

Direct: 1-334-323-0522

Confirmation Code: 6553001

The audio will be available, usually within 24 hours of the call, on the Company website:
http://www.comstockmining.com/investors/investor-library

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near-term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans and developments that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: future industry market conditions; future explorations or acquisitions; future changes in our exploration activities; future prices and sales of, and demand for, our products; land entitlements and uses; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the board of directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land sales investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives; including the nature and timing and accounting for restructuring charges, derivative liabilities and the impact thereof; contingencies; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities; including asset sales and the redemption of the debenture and associated costs; future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements.  Some of those risks and uncertainties include the risk factors set forth in this report and our Annual Report on Form 10-K for the fiscal year ended December 31, 2017, and the following: adverse effects of climate changes or natural disasters; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; business opportunities that may be presented to, or pursued by, us; acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, cyanide, water, diesel fuel and electricity); changes in generally accepted accounting principles; adverse effects of terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the SEC; potential inability to list our securities on any securities exchange or market; inability to maintain the listing of our securities; and work stoppages or other labor difficulties. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
Executive Chairman & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Director of External Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
Wednesday, June 6, 2018

Comstock Presents Strategic Overview, Holds Annual Meeting
Nominates and Elects Mr. J. Clark Gillam as Director

Virginia City, NV (June 6, 2018) Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE American: LODE) held its Annual Meeting of Stockholders (the “Annual Meeting”) on Thursday, May 31, 2018, at the historic Gold Hill Hotel in Gold Hill, Nevada.  The Company used the opportunity to update shareholders on recent business activities and on the progress of its strategies.   

Mr. Corrado De Gasperis, Executive Chairman and CEO of Comstock stated, “We have positioned one of the largest, mining, clean-technology and non-mining real-estate development platforms in one of the most economically explosive and incentivized regions in Nevada and, for that matter, anywhere in the United States.  We have expanded our mining, commercial and industrial properties, with a leading water and entitlement position, all for profitable growth.  We have also become a priority destination for renewable, clean technologies and are advancing multiple venture possibilities for commercializing new and existing solutions.”

Lucerne Resource Area
We are progressing with exploration and development plans for the Lucerne resource area, with Tonogold Resources, Inc. (“Tonogold”) under a dynamic Option agreement (the “Option Agreement”). Tonogold is leading the engineering, development, drilling and test-work, towards completing a technical and economic feasibility assessment and ultimately, to earn into a joint venture for the future development and mining of mineral resources on the Lucerne Property.  Tonogold, after electing to proceed with a $2 million payment in April, 2018, can now earn a 51% interest in the Lucerne Property, by advancing the Lucerne exploration and development activities by making cumulative capital expenditures on the Lucerne Property of $7 million by October 3, 2019, and $20 million by April 3, 2021. Technical reporting updates are planned for 2018.  Mr. Mark Ashley attended the Annual Meeting and made himself available during the question and answer session.  We very much look forward to continuing this productive collaboration with Tonogold and its updated technical reports on the Lucerne project and, ultimately, more advanced developments leading to economic feasibility.

Dayton Resource Area
The Company also advanced the Dayton Project by adding 472 acres of claims contiguous to our claims in the Dayton and Spring Valley areas by acquiring 30 unpatented lode claims in the southern part of the Comstock District, approaching the Highway 50 corridor. These acquisitions expanded an already significant land position in the southern part of this historic, world-class mineral district. The Company now controls well over 10 square-miles within its contiguous land position.
In conjunction with our ongong evaluation of Dayton, the Company has been collaborating with Itronics, Inc., (OTC: ITRO). Dr. John Whitney, of Itronics, also attended the Annual Meeting after previously reporting positive results from initial testing of its KAM-Thio, clean processing technology, on the Company’s mineralized material.  KAM-Thio leaching test results, performed at independent metallurgical labs, demonstrated that the residual silver, gold, base metals, and cyanide can still be recovered from both previously leached material and new mineralized samples from the Dayton Resource area, creating a potentially efficient and environmentally attractive process. The metals were recovered while the new KAM-Thio residual solution was substantially regenerating during the extraction process, thereby reducing the net consumption of the materials, and creating a potentially compelling economic solution.  
Test results also showed that the cyanide residual in the cyanide leached material was removed by the new leaching process, neutralizing the solution to drinking water standards. These results could dramatically reduce reclamation costs and associated bonding, while adding the prospect of reuse of the material for mine reclamation purposes. All tests and results were performed with independent, metallurgical laboratories.

Mr. De Gasperis stated, “We now know that we can recover substantially all of the residual silver, gold and base metals while neutralizing the cyanide. The results are very positive and justify continued feasibility work for assessing process economics. If this technology can efficiently recover these materials, then it could become a substitute for the use of cyanide, and significantly change the permitting, reclamation and processing cost profile for these types of mining projects.  We want to thank Dr. Whitney for attending the Comstock AGM.”

The Company anticipates completing screening level economics during the summer and believes that these materials can also work on virgin, mineral bearing material from the Dayton Resource Area. Samples of virgin material from the Dayton Resource Area have already been delivered to Reno labs for testing.

The Company plans on updating its technical report for the Dayton Resource Area during 2018, based on all existing drilling, development and metallurgical work, as well as preliminary economic screening and feasibility for that work performed to date and also evaluate economic feasibility using these alternative processes.

Non-mining Properties
Recently, the Company secured additional industrial and commercial lands and water rights in Silver Springs, Nevada, where the recently opened USA Parkway connected right into Silver Springs, NV, and opened up the entire northwestern Nevada quadrant, including immediate access to the Tahoe Reno Industrial Center, Reno, the Comstock Historic District and Carson City, resulting in a massive surge of economic development.  This has resulted in an unprecedented demand for property, water, construction and development. Silver Springs has also been nominated as an “Opportunity Zone” by Governor Brian Sandoval, resulting in tremendous incentives for industrial, commercial and especially clean-technology developments in these areas.

jetSILVER SPRINGS AIRPORT—After receiving fuel from a fixed-base operator, a Falcon 900 EX is ready for boarding on the tarmac of the Silver Springs Airport near the intersection of USA Parkway and U.S. Highway 50 adjacent to the 98-acre Comstock Industrial Site available for purchase and development.

As of the record date for the Annual Meeting, April 9, 2018, there were 53,391,428 shares of common stock outstanding and entitled to vote.  During the Annual Meeting, stockholders of the Company were asked to consider and vote upon three proposals: (1) election of the four Board of Directors nominees set forth in the Company's 2018 Proxy Statement, (2) ratification of the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2018, and (3) approval of a non-binding advisory resolution approving the compensation of the Company’s named executive officers.

Following the Annual Meeting, at a regularly scheduled meeting of the Board of Directors, the Company nominated and elected John Clark Gillam (professionally known as Clark), to the Board of Directors effective as of May 31, 2018. Mr. Gillam, age 31, is a co-founder of Nebari Holdings, LLC, a private investment firm that he co-founded in May 2016. The predecessor firm to Nebari Holdings was GF Capital, LLC. He has also served as a Director of BCR Investments, since 2013.  Prior to founding GF Capital, Mr. Gillam was an analyst at McKinley Capital Management, LLC, a privately-held investment adviser specializing in global and international growth equity strategies, from 2012 to 2013, and prior to that role was a trader at Glencore International AG, one of the world’s largest global diversified natural resource companies and a major producer and marketer of more than 90 commodities. Mr. Gillam has a B.S. Economics from The Wharton School, University of Pennsylvania and an MSc Finance from Trinity College Dublin.

Mr. De Gasperis concluded, “We have been working closely and effectively with Clark for a number of years, including the major refinancing we completed together early last year.  His intimate knowledge of the Comstock platform, global natural resources, precious metals and related businesses, plus his extensive capital markets experience, adds an outstanding expertise to our board. We warmly welcome Clark to our team. ”

About Comstock Mining Inc.
Comstock Mining Inc. is a Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining. The Company began acquiring properties in the Comstock District in 2003. Since then, the Company has consolidated a significant portion of the Comstock District, amassed the single largest known repository of historical and current geological data on the Comstock region, secured permits, built an infrastructure and completed its first phase of production. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements
This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing and accounting for restructuring charges, gains or losses on debt extinguishment,  derivative liabilities and the impact thereof; productivity, production slowdowns, suspension or termination, business process, rationalization and other operational initiatives; investments, acquisitions, joint ventures, strategic alliances, business combinations, asset sales; consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; including a redemption of the debenture, and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

The words “believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,” “should,” “intend,” “may,” “will,” “would,” “potential” and similar expressions identify forward-looking statements, but are not the exclusive means of doing so. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. We undertake no obligation to publicly update or revise any forward-looking statement.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

 

Comstock Mining Inc.
1200 American Flat Road
PO Box 1118
Virginia City, NV  89440

 
 

http://www.comstockmining.com

 
 

Corrado De Gasperis
President & CEO
Tel (775) 847-4755
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 

Zach Spencer
Director of External Relations
Tel (775) 847-5272 x151
This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

 
<< Start < Prev 1 2 3 4 5 6 7 8 9 10 Next > End >>
Page 1 of 23