Comstock provides first quarter update. Comstock hosted a virtual meeting with investors to discuss its first quarter financial results and to provide a corporate update. Management highlighted significant progress in all areas of its business. During the first quarter, Comstock Mining secured the rights to a majority equity position in LiNiCo Corporation, a private lithium-ion battery recycling company with a recycling facility in the Tahoe Reno Industrial (TRI) Center in Nevada. Management expects to exercise its $2.5 million warrant to increase its investment in LiNiCo during the third quarter, resulting in a majority stake and consolidation of LiNiCo’s financial results.Updated mineral resource estimate. The company is expects to publish a S-K 1300 compliant technical report in the third quarter for the Dayton resource area. The technical report will provide a new resource estimate and include a phased drilling plan for further defining and expanding the resource. Subsequent technical reports will follow to expand the resource and provide economic analysis. Management intends to advance the Dayton area to full feasibility and a mine plan.MCU commences commercial operations in the Philippines. Goals for 2021 include advancing commercialization of MCU’s mercury remediation processing technologies. The company increased its funding of MCU-Philippines during the first quarter and its ownership of MCU to 25% and MCU-Philippines to 50%. MCU-Philippines commenced commenced commercial operations during the first quarter.Rating is Outperform. With a growing royalty portfolio and progress toward advancing Dayton-Spring Valley, the company's mineral resource development portfolio is taking shape. Coupled with investments in Mercury Clean Up, LLC and LiNiCo, we believe the company offers a compelling growth outlook. Notably, management is evaluating several potential transactions and investment opportunities to expand its portfolio of assets that support the extraction and valorization of critical materials and expects to close at least one transaction during the second or third quarter of 2021. Read More >>