Comstock Inc. (AMEX:LODE) Q1 2024 Earnings Call Transcript

Corrado De Gasperis: Yes, no thanks Trevor, for all of that. We appreciate all those questions. And as he said earlier, if we didn’t get to some of your questions, we’ll follow up and look forward to answering them all. But just to wrap up, let me summarize what I would call our highest objectives. I guess in reverse order, starting with metals. We’re going to run this facility up to three shifts by this summer, while initiating the expansion in Silver Springs at the existing manufacturing complex. We’ve already filed permits for the storage expansion and we’re preparing the permits for the facility scale expansion. So it’s just grow, grow, grow. From a fuels perspective, we’re going to secure and announce the adoption of our technology with industry leading partners and customers, possibly on every continent, starting with the Americas and including a highly valuable monetization of Comstock fuels.

As I said, GenMat’s going to do the same exact thing, commercializing with industry leading partners and customers and monetizing its value through third-party capital. For mining, we will monetize, transact and generate cash in the north and develop and publish a highly economic and valuable mine plan for ultimate production in the south. We’re going to continue innovating towards this Holy Grail cost parity with petroleum while and by expanding our network of innovation partners and they and the technology will be world leading. Lastly, eye on the prize, monetize the $60 million in assets. Put this balance sheet discussion to bed. We appreciate everyone’s interest and we look forward to many updates in between now and our next call in July.

Thanks Trevor.

Trevor Brucato: Thanks Corrado and Billy, and thanks everyone for joining Comstock’s first quarter business update and outlook. As a reminder, please keep an eye out for Comstock’s brief Q2 investor survey. If you have not already filled it out, this will be generated and completed and announced and posted on the company’s investors section shortly after the end of the Q2 quarter. Again, a link for that is at the top of the investors section. Also, today’s recording is going to be present on that page as well. If you have any additional questions that have not been addressed today, please feel free to email us at ir@comstockinc.com. And management and I will do our best effort to get back to you guys. Again that’s ir@comstockinc.com. Thanks again. That concludes today’s presentation. We look forward to keeping you all posted on Comstock’s developments throughout the rest of the year. Have a great day.

Corrado De Gasperis: Thanks, everyone.