LODE - Comstock Inc. (LODE) Q4 2024 Earnings Call Transcript

2025-03-06 20:17:58 ET

Comstock Inc. (LODE)

Q4 2024 Earnings Conference Call

March 06, 2025 04:30 PM ET

Company Participants

Trevor Brucato - RB Milestone Group

Corrado De Gasperis - Executive Chair Chief & Executive Officer

Billy McCarthy - Chief Operating Officer

Conference Call Participants

Presentation

Trevor Brucato

Welcome, investors, analysts and other stakeholders to Comstock's 2024 Annual Results and Business Update. This is Trevor Brucato with RB Milestone Group, Comstock's US-based Investor Relations firm. Comstock is listed on the NYSE American under the symbol LODE. And I'm pleased to have with me the company's, Chief Executive Officer and Executive Chair; Corrado De Gasperis; and Chief Operating Officer, Billy McCarthy. I'd like to first thank those who submitted questions during registration. Most of those will be addressed in management's prepared remarks. If you have any new questions throughout the presentation, please submit them in the Q&A module, and we'll do the best we can to get to all of them.

Today's presentation may contain forward-looking statements that are subject to risks and uncertainties that may be out of Comstock's control and should not be construed as a recommendation or solicitation to buy or sell any security. For the company's full disclaimer, please visit comstock.inc. Also, RB Milestone, is not a registered investment advisor or broker dealer. For more information on us, please visit rbmilestone.com. Lastly, this presentation is being recorded today, March 6, 2025, and will be made available on the company's website at Comstock.inc shortly after today's event.

And now, it is my pleasure to turn it over to Comstock's Executive Chair and CEO, Corrado De Gasperis. Corrado, this stage is yours.

Corrado De Gasperis

Thanks, Trevor, and hello all and welcome to Comstock's 2024 annual update. I have no doubt that in the very near future, when we look back on our achievements from last year, 2024 will have marked the turning point of almost everything we're doing and certainly so for metals and fuels.

As of today, both companies have achieved their previously published objectives for 2024, and let me recap it for Comstock Metals first, where Fortunato and the team have advanced our solar cycle recycling technology all the way through TRL 7, and it's now fully operating. This facility was designed, deployed and commissioned just under a year ago and quickly ramped up with a now dedicated team of 13 full-time employees. The plan has proven. It can recover 100% of all the metal, glass and minerals, especially the Silver Ridge tailings. This has not only created a tremendous competitive advantage by enabling us to offer a zero landfill solution to our customers but it also increases our revenues beyond the tipping fees by almost 50%. We're very conservative in that notion of off-take until we knew we could produce those products cleanly completely.

So now we're rapidly expanding our existing customer base with industry leaders that hopefully will soon be able to disclose who they are to you. Adding to that, in 2024, the team also finalized the design and site selection for our first industry scale facility and submitted the Nevada County and state permits for approvals....

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