Comstock rises on sale of Nevada facility

Comstock

07/03/2023 11:56

** Shares of Comstock Inc  LODE.A  climb 39.7% premarket to
$0.43
    ** Comstock's metals recycling unit to sell LiNiCo facility
in Nevada for $27 million
    ** The facility was being leased and permitted LODE's unit
to purchase it for $15.25 mln, of which $3.25 million was
previously paid
    ** "With the highly profitable facility sale behind us, we
can now focus on scaling our technologies and pilot operations
efficiently, within our existing Nevada infrastructure," says
LODE CEO
    ** LODE up ~12% YTD

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94))