Brief: Comstock Mining - To Buy Additional 5% Of 45%-Owned Technology Development Partner, Quantum Generative Materials LLC For $50 Mln
24/06/2021 11:54
June 24 (Reuters) - Comstock Mining Inc LODE.A :
* COMSTOCK MINING - EXECUTION OF AGREEMENTS TO BUY
ADDITIONAL 5%
OF 45%-OWNED TECHNOLOGY DEVELOPMENT PARTNER, QUANTUM GENERATIVE
MATERIALS LLC FOR $50 MILLION
* COMSTOCK MINING - WILL PROVIDE GENMAT AN INITIAL $15
MILLION IN
CASH AND STOCK OVER NEXT SIX MONTHS
* COMSTOCK MINING - WILL PROVIDE AN ADDITIONAL $35 MILLION
UPON
GENMAT'S REALIZATION OF KEY DEVELOPMENT MILESTONES
Source text for Eikon: ID:nGNX5HXysK
Further company coverage: LODE.A
((Reuters.Briefs@thomsonreuters.com;))
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