First half 2021 update. Comstock Mining hosted a virtual meeting with investors to provide a corporate update. The company generated a second quarter loss of $6.3 million, or $(0.15) per share, compared to net income of $1.3 million, or $0.05 per share, during the prior year period. Quarterly financial results reflected other expense of $4.8 million driven by a change in the fair value of derivative assets associated with LiNiCo, a change in the fair value of a Tonogold note receivable, and an unrealized loss on investments in securities. For the first six months of 2021, net income amounted to $1.9 million, or $0.05 per share.Transformative acquisitions. During the first half of 2021, Comstock made several transformative acquisitions. These include Comstock’s investments in LiNiCo Corporation, a lithium-ion battery recycling company, Quantum Generative Materials LLC, LP Biosciences LLC, and MANA Corporation.Connecting the dots. During the company’s presentation, management indicated that it expects to change its corporate name and will provide more details on its corporate strategy, including financial projections for each of its businesses, later in the year. Management expects to execute other complementary transactions during the second half. Decarbonization is a common theme among its investments.Rating is Outperform. We think the company’s investments in battery recycling and cathode production, mercury remediation and gold extraction, and biosciences provide the company early entry into these nascent markets that offer attractive return potential. Read More >>