Brief: Comstock Mining - To Buy Additional 5% Of 45%-Owned Technology Development Partner, Quantum Generative Materials LLC For $50 Mln

Comstock

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;))