Comstock Inc. (NYSE American: LODE) today announced that its
subsidiary, Comstock Fuels Corporation (“Comstock Fuels”), has
joined the BDO Zone Strategic Partners Network, a group of leading
companies in the bioenergy sector that help accelerate and de-risk
biobased project development in BDO Zones. The BDO Zone Initiative
is an internationally recognized standards-based assessment which
certifies “regional readiness for bio-manufacturing,” creates
global connections, and ignites an influx of clean energy
opportunities.
This groundbreaking collaboration combines the
BDO Zone Initiative’s proven expertise and dedication in certifying
“regional readiness for biomanufacturing” in biomass-rich regions
with Comstock Fuels' innovative renewable fuel solutions. This
partnership will accelerate the identification, pre-certification
and deployment of qualified feedstocks and investment-grade
sustainable fuel production sites, with proven conversion
technology.
“Ecostrat's BDO Zone Initiative has frankly
revolutionized how we identify, validate and enable prime locations
for sustainable biomass production,” said David Winsness, president
of Comstock Fuels. “By integrating Comstock Fuels as a strategic
partner for these pre-vetted regions, we're accelerating
commercialization by adding high competencies while eliminating
critical barriers and redundancies to site selection and project
deployment.”
The BDO Zone Initiative's rigorous
standards-based regional readiness assessments provide project
developers and investors with sophisticated technical and financial
analysis of biomass feedstock availability, infrastructure
readiness, and operational feasibility. This systematic approach
aligns perfectly with Comstock Fuels' technology deployment
prerequisites, positioning a standardized, turnkey solution for
site and sustainable fuel project development.
“Comstock Fuels’ expertise and innovative
technologies are positioned to unlock a substantial amount of
carbon-neutral, lignocellulosic feedstock production, representing
a natural and strong addition to the BDO Zone Strategic Partners
Network,” stated Jordan Solomon, chairman of the BDO Zone
Initiative. “This partnership will materially increase the speed
and development of advanced biofuel projects and aligns with our
mission to accelerate sustainable, low-carbon initiatives within
BDO Zones.”
This partnership is expected to significantly
reduce project development timelines and risks, while increasing
the success rate of new sustainable fuel facilities. The combined
strengths of both companies in one, repeatable, effective, systemic
process will help meet the growing North America demand for
renewable fuel solutions.
About The BDO Zone
Initiative
The BDO Zone Initiative certifies regional
readiness for bio-based manufacturing, creates global connections
with project developers, and ignites an influx of clean energy
opportunities. A BDO Zone rating is an internationally recognized
standards-based technical risk assessment of biomass feedstock,
supply chain, and infrastructure risk with respect to the
development potential of new biofuel, renewable chemical, biogas,
and bioproduct plants. Investment grade ratings attract new
bio-based manufacturing plants to the areas where they are most
likely to succeed and create jobs. For more information on the BDO
Zone Initiative, contact info@bdozone.org. To view all BDO Zone
ratings, visit www.bdozone.org.
About Ecostrat Inc.
Ecostrat is the North American leader in biomass
due diligence for biofuels, renewable chemicals, biogas, and
bio-product project development and finance. Ecostrat led the
USDOE/BETO funded project to develop the new
investment Standards and Ratings for Biomass Supply Chain
Risk. To learn more, please visit www.ecostrat.com.
About Comstock Fuels
Corporation
Comstock Fuels Corporation (“Comstock Fuels”)
delivers advanced lignocellulosic biomass refining solutions that
set industry benchmarks for production of cellulosic ethanol,
gasoline, renewable diesel, sustainable aviation fuel (“SAF”), and
other renewable Bioleum™ fuels, with extremely low carbon intensity
scores of 15 and market-leading yields of up to 140 gallons per dry
metric ton of feedstock (on a gasoline gallon equivalent basis, or
“GGE”), depending on feedstock, site conditions, and other process
parameters. Comstock Fuels additionally holds the exclusive rights
to intellectual properties developed by Hexas Biomass Inc.
(“Hexas”) for production of purpose grown energy crops in liquid
fuels applications with proven yields exceeding 25 to 30 dry metric
tons per acre per year. The combination of Comstock Fuels’ high
yield Bioleum refining platform and Hexas’ high yield energy crops
allows for the production of enough feedstock to produce upwards of
100 barrels of fuel per acre per year, effectively transforming
marginal agricultural lands with regenerative practices into
perpetual “drop-in sedimentary oilfields” with the potential to
dramatically boost regional energy security and rural
economies.
Comstock Fuels plans to contribute to domestic
energy dominance by directly building, owning, and operating a
network of Bioleum Refineries in the U.S. to produce about 200
million barrels of renewable fuel per year by 2035, starting with
its planned first 400,000 barrel per year commercial demonstration
facility in Oklahoma. Comstock Fuels also licenses its advanced
feedstock and refining solutions to third parties for additional
production in the U.S. and global markets, including several
recently announced and other pending projects. To learn more,
please visit www.comstockfuels.com.
About Comstock Inc.
Comstock Inc. (NYSE: LODE) innovates and
commercializes technologies that are deployable across entire
industries to contribute to energy abundance by efficiently
extracting and converting under-utilized natural resources, such as
waste and other forms of woody biomass into renewable fuels, and
end-of-life electronics into recovered electrification metals.
Comstock’s innovations group is also developing and using
artificial intelligence technologies for advanced materials
development and mineral discovery for sustainable mining. To learn
more, please visit www.comstock.inc.
Comstock Social Media
Policy
Comstock has used, and intends to continue
using, its investor relations link and main website at
www.comstock.inc in addition to its Twitter, LinkedIn and YouTube
accounts, as means of disclosing material non-public information
and for complying with its disclosure obligations under Regulation
FD.
Contacts
For investor inquiries:RB Milestone Group LLCTel
(203) 487-2759ir@comstockinc.com
Forward-Looking Statements
This 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 market conditions; future explorations or
acquisitions; future changes in our research, development and
exploration activities; future financial, natural, and social
gains; future prices and sales of, and demand for, our products and
services; land entitlements and uses; permits; 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 and
asset sales; investments, acquisitions, joint ventures, strategic
alliances, business combinations, operational, tax, financial and
restructuring initiatives, including the nature, timing and
accounting for restructuring charges, derivative assets and
liabilities and the impact thereof; contingencies; litigation,
administrative or arbitration proceedings; environmental compliance
and changes in the regulatory environment; offerings, limitations
on sales or offering of equity or debt securities, including asset
sales and associated costs; business opportunities, growth rates,
future working capital, needs, revenues, variable costs, throughput
rates, operating expenses, debt levels, cash flows, margins, taxes
and earnings. 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 our filings with the SEC and
the following: adverse effects of climate changes or natural
disasters; adverse effects of global or regional pandemic disease
spread or other crises; global economic and capital market
uncertainties; the speculative nature of gold or mineral
exploration, and lithium, nickel and cobalt recycling, including
risks of diminishing quantities or grades of qualified resources;
operational or technical difficulties in connection with
exploration, metal recycling, processing or mining activities;
costs, hazards and uncertainties associated with precious and other
metal based activities, including environmentally friendly and
economically enhancing clean mining and processing technologies,
precious metal exploration, resource development, economic
feasibility assessment and cash generating mineral production;
costs, hazards and uncertainties associated with metal recycling,
processing 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; challenges to, or potential
inability to, achieve the benefits of business opportunities that
may be presented to, or pursued by, us, including those involving
battery technology and efficacy, quantum computing and generative
artificial intelligence supported advanced materials development,
development of cellulosic technology in bio-fuels and related
material production; commercialization of cellulosic technology in
bio-fuels and generative artificial intelligence development
services; ability to successfully identify, finance, complete and
integrate 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, lithium, nickel, cobalt,
cyanide, water, diesel, gasoline and alternative fuels and
electricity); changes in generally accepted accounting principles;
adverse effects of war, mass shooting, 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
Securities and Exchange Commission; potential inability to list our
securities on any securities exchange or market or 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 constitutes an offer to sell, the solicitation of an
offer to buy or a recommendation with respect to any securities of
the Company, the fund, or any other issuer.
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