Comstock Mining Announces 2019 Year End Results; Strategic Transactions Advance Value Targets, Significantly Improved Financial Position, Substantially Reduced Debt
Comstock Inc. (LODE)
NASDAQ:AMEX Investor Relations:
comstockmining.com/investors/investor-relations
Company Research
Source: GlobeNewswire
VIRGINIA CITY, Nev., March 19, 2020 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (the “Company”) (NYSE American: LODE) today announced selected unaudited financial results for the fiscal year ended December 31, 2019. Comstock Corporate Realignment 2019 Selected Strategic and Operational Highlights Approved a transformational strategy focused on precious metal-based growth (the “Strategic Focus”);Completed corporate and legal entity realignment;Closed on the 50% sale of the membership interest in the entity that owns Lucerne:— Received $5.9 million in non-refundable cash toward the Lucerne sale;— Received $6.1 million in non-refundable stock toward the Lucerne sale, valued at $9.1 million; and— Received $2.2 million in expense reimbursements associated with the Tonogold agreements.Partnered and l
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