Comstock Mining Inc. (the “Company” or “Comstock”) (NYSE American:
LODE) announced today the appointment of Mr. Juan Carlos “JC” Giron
Jr., CFS, as its Chief Financial Officer and President. Mr. Giron
joins the Company with strong financial, capital markets, strategic
planning, corporate and business development and compliance
experience, having worked in critical financial and capital market
roles for UBS Global Wealth Management and in strategic development
roles for Hydrus Technology Holdings (“Hydrus”), an industrial
water purification technology company providing wastewater
treatment services to oil and gas, mining and other industrial
segments. Hydrus is a privately held company, participating
in sustainable, industrial, economically-viable water remediation
processes and services. Comstock has positioned itself as a leader
in servicing new markets with closed-loop, effective, economically
feasible, zero-waste clean technologies.
Mr. Corrado De Gasperis, Executive Chairman and CEO stated, “Our
focus on realigning and transforming the Company includes increased
emphasis on these opportunities. This includes our mercury
extraction and processing technologies and our development program
for reprocessing leached ores and industrial waters with companies
like Hydrus. JC brings a wealth of knowledge and high level
competency for accelerating these developments. His full-time
efforts on behalf of the Company will enable me to focus on
expediting the development of an Opportunity Zone fund and
accelerate the monetization of our non-mining properties.”
Mr. Timothy Smith is leaving the Company to focus on the
development of real estate projects, including the Company’s Daney
Ranch property. Mr. Smith served as our Chief Accounting
Officer since October 23, 2017.
Annual Shareholders MeetingThe Company’s 2019 Annual Meeting of
Shareholders is scheduled for Tuesday, November 12, 2019, in the
Great Room of the historic Gold Hill Hotel, 1540 Main Street, Gold
Hill, Nevada. The meeting will begin at 9:00 a.m. and will
showcase our strategic initiatives and partners, including an
update on the Company’s mercury remediation venture with Oro
Industries and Mercury Clean Up LLC, Lucerne’s mine development
plans with Tonogold, the Opportunity Zone and other northern Nevada
developments, along with an overview of our gold mining
operations.
The 2019 Annual General Meeting schedule follows: 8:00 a.m. to
9:00 a.m. - Continental Breakfast 9:00 a.m. to 12:00 p.m. - 2019
Annual Shareholders Meeting, Company Presentations, Q & A 12:00
p.m. to 2:00 p.m. - Lunch will be served at the Gold Hill Hotel
following the presentations. Shareholders are invited to register
for this event via the Company
website:http://www.comstockmining.com/investors/investor-relations
The record date for the Annual Meeting is September 23,
2019. Only shareholders of record at the close of business on
September 23, 2019, may vote at the meeting. The Company’s
proxy statement will be sent to shareholders of record and will
describe the matters to be voted upon.
Mr. De Gasperis concluded, “Our focus on realigning and
transforming the Company includes building new market
opportunities, including our mercury extraction and processing
technologies and other similar collaborations. Juan Carlos brings a
wealth of knowledge for accelerating these new business
developments and we look forward to introducing him live over the
next few months and at our AGM in November.”
About Comstock Mining Inc.Comstock Mining Inc.
is a Nevada-based, gold and silver mining company with extensive,
contiguous property in the Comstock District and is a leader in
sustainable, responsible mining and an emerging leader in the
development and deployment of economically feasible,
clean-technologies. The Company began acquiring properties in the
Comstock District in 2003. Since then, the Company has consolidated
a significant portion of the Comstock District, amassed the single
largest known repository of historical and current geological data
on the Comstock region, secured permits, built an infrastructure
and completed its first phase of production. The Company continues
to evaluate properties inside and outside the district expanding
our footprint and examining all opportunities for further
exploration, development and mining. The goal of our business plan
is to maximize stockholder value by acquiring or developing high
quality mining properties and technologies that can ultimately
extract precious metals in an environmentally sound and
socially responsible manner.
Forward-Looking StatementsThis press release
and any related calls or discussions may include forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. All statements, other than statements of
historical facts, are forward-looking statements. The words
“believe,” “expect,” “anticipate,” “estimate,” “project,” “plan,”
“should,” “intend,” “may,” “will,” “would,” “potential” and similar
expressions identify forward-looking statements, but are not the
exclusive means of doing so. Forward-looking statements include
statements about matters such as: future industry market
conditions; future explorations or acquisitions; future changes in
our exploration activities; future prices and sales of, and demand
for, our products; land entitlements and uses; production capacity
and operations; operating and overhead costs; future capital
expenditures and their impact on us; operational and management
changes (including changes in the board of directors); changes in
business strategies, planning and tactics; future employment and
contributions of personnel, including consultants; future land
sales investments, acquisitions, joint ventures, strategic
alliances, business combinations, operational, tax, financial and
restructuring initiatives; including the nature and timing and
accounting for restructuring charges, derivative liabilities and
the impact thereof; contingencies; environmental compliance and
changes in the regulatory environment; offerings, limitations on
sales or offering of equity or debt securities; including asset
sales and the redemption of the debenture and associated costs;
future working capital, costs, revenues, business opportunities,
debt levels, cash flows, margins, earnings and growth.
These statements are based on assumptions and assessments made
by our management in light of their experience and their perception
of historical and current trends, current conditions, possible
future developments and other factors they believe to be
appropriate. Forward-looking statements are not guarantees,
representations or warranties and are subject to risks and
uncertainties, many of which are unforeseeable and beyond our
control and could cause actual results, developments and business
decisions to differ materially from those contemplated by such
forward-looking statements. Some of those risks and
uncertainties include the risk factors set forth in this report and
our Annual Report on Form 10-K for the fiscal year ended December
31, 2018, and the following: adverse effects of climate changes or
natural disasters; global economic and capital market
uncertainties; the speculative nature of gold or mineral
exploration, including risks of diminishing quantities or grades of
qualified resources; operational or technical difficulties in
connection with exploration or mining activities; contests over our
title to properties; potential dilution to our stockholders from
our stock issuances, recapitalization and balance sheet
restructuring activities; potential inability to comply with
applicable government regulations or law; adoption of or changes in
legislation or regulations adversely affecting our businesses;
permitting constraints or delays; business opportunities that may
be presented to, or pursued by, us; acquisitions, joint ventures,
strategic alliances, business combinations, asset sales, and
investments that we may be party to in the future; changes in the
United States or other monetary or fiscal policies or regulations;
interruptions in our production capabilities due to capital
constraints; equipment failures; fluctuation of prices for gold or
certain other commodities (such as silver, zinc, cyanide, water,
diesel fuel and electricity); changes in generally accepted
accounting principles; adverse effects of terrorism and
geopolitical events; potential inability to implement our business
strategies; potential inability to grow revenues; potential
inability to attract and retain key personnel; interruptions in
delivery of critical supplies, equipment and raw materials due to
credit or other limitations imposed by vendors; assertion of
claims, lawsuits and proceedings against us; potential inability to
satisfy debt and lease obligations; potential inability to maintain
an effective system of internal controls over financial reporting;
potential inability or failure to timely file periodic reports with
the SEC; potential inability to list our securities on any
securities exchange or market; inability to maintain the listing of
our securities; and work stoppages or other labor difficulties.
Occurrence of such events or circumstances could have a material
adverse effect on our business, financial condition, results of
operations or cash flows or the market price of our securities. All
subsequent written and oral forward-looking statements by or
attributable to us or persons acting on our behalf are expressly
qualified in their entirety by these factors. Except as may be
required by securities or other law, we undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise.
Neither this press release nor any related calls or discussions
constitute an offer to sell or the solicitation of an offer to buy
the Debenture or any other securities of the Company. Contact
information:
Comstock Mining Inc.Corrado De GasperisExecutive Chairman &
CEOTel (775) 847-4755degasperis@comstockmining.com
Zach Spencer Director of External Relations Tel (775) 847-5272
ext.151 questions@comstockmining.com
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