Core businesses. The company’s renewable fuels division, Comstock Fuels, is advancing technologies to commercialize the conversion of woody biomass into advanced cellulosic fuels. Comstock's 90%-owned lithium-ion battery recycling business, LiNiCo, intends to commercialize a process to crush and separate lithium-ion batteries, extract lithium, nickel, cobalt, and graphite, and use the recovered metals to produce 99% pure cathode active precursor products. The company appears to be on track to meet milestones that we have discussed in previous notes.Investor webcast. Comstock Mining hosted a webcast this week to discuss accomplishments during 2021 and the outlook. The company is still in investment mode as it lays the foundation for future earnings. Management reiterated its goal to generate annual revenues of at least $16 billion by 2030. Comstock is building commercial pilot scale cellulosic fuels and lithium-ion battery (LIB) facilities and expects to begin operations at a full-scale LIB recycling facility later this year.Mining activities. Tonogold Resources is conveying the Lucerne mine back to Comstock in exchange for forgiveness of Tonogold's $6.75 million secured note obligation due this month. Tonogold paid Comstock $750 thousand for an option to repurchase the Lucerne mine by the end of the year for $7.75 million. Both Comstock and Tonogold are expected to release S-K 1300 technical reports shortly which could help underpin values for the Dayton, Spring Valley, and Lucerne precious metals properties.Rating is Outperform. Comstock is making significant progress in advancing its plans for its new lines of business to promote decarbonization. Comstock will host its Annual General Meeting on May 26 at which time it will share more details about its business plans, schedules, and near-term revenues. Read More >>