Comstock Inc. released a shareholder letter on January 13, 2025, from Executive Chairman and CEO Corrado De Gasperis, detailing the company's strategic transformation into an innovator and integrator of commercially ready technologies. The letter highlighted that Comstock Fuels and Comstock Metals are now deploying sustainable, proprietary, and extremely low-carbon solutions, with core objectives for 2025–2029 including multiple commercial facilities for both renewable metals and fuels.
The company is actively engaged with strategic and financial capital sources to pursue equity and debt financings, as well as subsidiary-level and project-level funding. This aims to optimize the capital structure and support profitable growth opportunities that have developed beyond original expectations. Comstock emphasizes that its systems are validated by technology partners and recognized by operating partners, attracting mature interest from capital partners.
A significant announcement in the letter is the evaluation of potentially transformative transactions for 2025, including a spin-off of Comstock Fuels Corp. into a separate, well-capitalized public entity, Bioleum Corporation. This separation would create two distinct, high-growth public companies: a Nevada-based metals and mining company (Comstock Inc.) and an Oklahoma-based renewable fuels company (Bioleum). Shareholders will also vote on a proposal to increase authorized shares, including a reverse stock split, at a special meeting on February 14, 2025, to enable the right share posture and liquidity for growth.
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