Operational in the Philippines. Comstock’s Clean Mercury Remediation Technologies (CMRT) joint venture with Mercury Clean Up LLC commenced full mercury remediation and gold extraction in Davao D’ Oro, Philippines. Recall the first processing unit was shipped to the Philippines in the fourth quarter of 2020. Mercury remediation testing along with limited production of sand and gravel started in the first half of 2021. With the receipt of a remaining permit, the mercury remediation system is able to scale up to full production.Doing well by doing good. The mercury remediation system, operating at up to 150 tons per hour, is designed to remediate mercury contamination and will initially restore a 24-kilometer stretch of the mercury contaminated Naboc River, while extracting and selling residual gold and cleaned sand, soil, and gravel co-products. Additional facilities are expected to be deployed once the operational system begins to generate cash flow over the ensuing months.Pilot-testing a more sophisticated technology in the U.S. Comstock and Mercury Clean Up LLC are conducting a pilot program targeting mercury contaminated waste dumps located at the historic American Flat site in the Comstock District in Nevada. Because the Comstock unit employs more sophisticated technology than the unit deployed in the Philippines, it will continue to be pilot tested. The companies seeks to commercialize the technology over time which we believe represents another value creation opportunity.Rating is Outperform. While Comstock's investment in Mercury Clean Up formed the cornerstone of its strategy to participate in emerging trends toward environmentally sustainable solutions, we view its investments in battery recycling, production of industrial hemp products, cellulosic ethanol, renewable diesel, and bio-graphite as potentially more significant long-term value drivers. Read More >>