Recent LODE transcripts
Associated LODE filings
Corrado De Gasperis | executive |
William McCarthy | executive |
Welcome, investors, analysts and other stakeholders to Comstock's 2024 Annual Results and Business Update. This is Trevor Brucato with RB Milestone Group, Comstock's U.S. based Investor Relations firm. Comstock is listed on the NYSE American under the symbol LODE. And I'm pleased to have with me the company's Chief Executive Officer and Executive Chair, Corrado De Gasperis; and Chief Operating Officer, Billy McCarthy. thank submitted first during to like those questions who registration. I'd in those remarks. will of management's be Most addressed prepared
If you and any subject solicitation as be a or we'll have of please we that a out submit any to security. them. Today's new not questions of in can statements that forward-looking uncertainties Q&A throughout should presentation the may module to and get do construed are contain Comstock's best them the buy be sell all the or to to risks may control and presentation, recommendation
the comstock.inc. investment is For company's RB full broker-dealer. or visit disclaimer, registered Also, a please not Milestone adviser
For visit please more on this, rbmilestone.com. information
at is Comstock's Executive Lastly, turn March this Gasperis. on XXXX, to today, comstock.inc. presentation my it today's over CEO, and and website X, shortly now event. And pleasure being made after will to it is De Corrado recorded be Chair company's available the
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endless scale. In the but plain sight. were to in this what's importantly, hidden than seemingly in fuels in the just the I sustainable happen to very scenarios, of We're spend Series about designed So system a it's a effectively especially this hours carbon, the very that refineries, that. whole refineries, now people global in who million more company. plan feedstock, reality different second and oils be the is proud board, biofuel abundance a scale oil many can on think wells. the partners, that is X% the thinking to at handful now, includes fuels, and of an the other state until high-yielding, Comstock a million anybody every and in that. We of Marathon's create modular created going of with our We've about appreciates Fuels. to deployment in are integrated with of happy produce designed us of system unprecedented, parties both very, on then as the investment $XX And very, nothing don't system licensing in with it. and during scalability truly And carbon-negative enabling to maybe owning in Hexas extremely we'll availability way quarter. and be extremely fully $XXX A pilot low finishing XX that day with engineering
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price, unlocks raise we'd ounces, these Even additional assets going a the intention our cut-off, the you no still another in to If the get added manner cut-off. the flow. And lower didn't most the we lower to that is million to you're if $XXX cash monetize meaning value.
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from into on at On in increased reported the sale from costs of is the assets excluding increase XXXX. next million compared in the the with on loss million for managing lease takeaways Mining to income investing a provided activities year-end, we note issuance XXXX, year break had facility driven of million Northern million in on the proceeds $X.X we for XXXX. $X.X expenses. $XXX,XXX and to mining from from stock Comstock. prior cash position highlight. few Comstock assets our down loss XX, common receiving short-term reported million investments $X a to Comstock in This year is XXXX, Comstock. When adjustment a been in our of from XXXX, transaction the ended cash proceeds of it million gain convertible on compared the demonstration to and with by net for in down the $X.X the key $X Subsequent expenses. $XX.X million, XXXX our positive January revenue when R&D our a before, $X.X million planned $XX.X I sale up million intangible gain scale-up. Comstock of We've week. a spending operating sold XX activities, $XXX,XXX we in the which from million, forward. A the a common Overall, development an from comes improving activities $XXX,XXX stock. a by a to operating million mentioned loss This stabilizes debt million, $XXX,XXX costs it we for million $X.X $X.X This increased net proceeds Metals and and to net plans as in XXXX. Cash side, from segment, reduced on to $X that an additional after reported instruments $XX.X primarily convertible diligent from coming raised that January loss Northern of of extremely continue Fuels we loss $X financing advance
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of and on technical have the Comstock our teams by This for news Marathon sustained a more the it clear incredible A recent would about better, possible Fuels phase operational give into planned the an significant should way foundation the funding understanding without mean. made. Our what progress None round, next is we Petroleum, investment the and be forward. of set growth. We've Series
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build momentum hand this back in what's year growth raise hit We're XXXX. And through going to to positioned corporate the XXXX groundwork and us significantly to to improve of in revenue So to at our need about beyond. stabilize subsidiary last position and in well summary, significant and the necessary laid runway talk and we allowing XXXX that, have to with move towards the levels, both months financial X XXXX, ahead. level the the to capital the establish Corrado and events I'm to the plan
Billy. Thanks,
outstanding. So
the a little I'm XXXX. So we to go business to segment going bit for up XXXX, before last wrap maybe questions outlook with the
that by the in we finalized our XX-K detailed the All which objectives, outlook a of audit, the the are the XXXX opinion. also we way, filed, way, got by also we way, clean which just by
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growth there's lot rapid over start we'll So of last on months. X seems a -- obviously with a here building questions the plan fuels, on advancements have off lot of to a Fuels it's human that whether possible or licensed discussed been from near-term XXXX a capacity be and to the facilities perspective? had past. multiple capital in owned perspective in and the How through will this
question. Great
U.S. prefer about to to U.S. number half of material. tons a -- instead okay? feedstock to million the facilities, of really talking we So mandate get So we and alone, the of of mandate, you're about like talk tonnages talking ultimately, barrels, XX about
foundational a of country of we're state. ecosystem working become thing, calculus cool. realizes same incentives company, if in in is reel type you're it. #X, on state. we're So and clear we high each Development, in the the do capital feedstock, amount not it. that capability, from that most each level exist capacity, question. let's until time, will, changes that and Governor's leaders have you doing financing oil they Each unblocked did the to We our state Office agriculture. it, the No. look this This in and not have project Xx They kind of including that of of with seeing new the feedstock technology okay? the pull a right, to That's gas, leaders relevant Economic That at
industry after investors, not The are in we we filthy #X. #X, right, Now at States, X unleashing then United do derisked. energy The the X-year and #X XXX% you the Frankly, one, do subsidiary every they wants to Capital U.S., and ability on energy that building facilities corn do pools derisked. a sees answer to How source period. themselves. is capital now it's to How by been the after first to to ability become have level. the same In an it? applies that? independent. the because the play come did proof, in rich the built risk XXX other Bs. see become ethanol serial dominant, Pakistan countries. fully thing you're literally
the of then I licensees the international So of idea equity mean, financial idea unleash partners, partners human and will well. the of and idea -- entity-level human the partners, capital the capital unleashes of the as the idea and strategic capital unleashes the
endeavor. and or bolting wood established yes, as converting an then chains to pulp have we're an endeavor. And supply on already So you it's It's to paper, corn we're there.
permitting You you already have have workforces and established regimes already established there there.
produce surely gallons. more produce barrels. They incremental more but is all an So expansion easier, they all
now more something like converting farmlands Hexas, lumber do facility to do clear marginal we a aggregate how have on and in from giga that And a farmlands. evolve. current where optimize to to mill or waste a pocket It's unproductive power it equivalent using there's do evolved this. and paper with we some lands where or is a from will mill view wood pulp already So excitingly even we
it's the Hopefully, above, helps. of Trevor. that all So
It and capital does. is obtain Is And each you associated that, to needs technology. that order economics sort there seems can for fuels any needed the it of Comstock clarity In of projects? here. the provide to regarding relates there to be the some XX%, in these with licensing, the contingency to also add X% X% as
Good question. No. Yes.
on site revenues X So X% those to fuel. looking we $XXX way, for million services the international license years, the engineering by the going over the million of And next just commissioning. you're of $XXX where of got to licenses start we've fees the if engineering at at get X from
producing a then XX% of of that They technology XXX% But XX% though the for get right put Madison, we as we X. equity first stake contribution except get right, we facility even meantime. But XX% stake, we're years So capital. actually in, royalties. that fees getting know have the fuel, then of for engineering few we the off capital in our not then is day from equity from the
it robust. and want wealthy wealth. going to just are licensees the why extremely robust, that robust. a So our is know it because I deploying get financials And we in sounds Why? are model Because this share
with spin-out. A with lot addressed the of as to questions the timing relates have the A, Series and specifics you guys associated already it
to on touch need think So don't we that. I
about is if that curious mind to going you that, back everyone accordingly... don't So
of #X, Oklahoma A mind that. million going serial Trevor, tens The right of going level, below wouldn't just Yes. is into fuels. for summarizing Series financing The dollars $XXX-plus level I fuels. millions project SPV
Another not diluting subsidiary underneath, fuels, underneath.
too. equity will there come in Some
very but LODE. a on, then forever allow kinds off standalone is them facility, who high XX% tax to the would for separate from we that win-win and be fuel investing one in could a policy, a that fuels retain typically for third people we're equities of reasonable is investments company then us some that ownership reasons. that of energy right, benefit more. And working split, that now doing has directly it that through literally wouldn't the or to of many actually couldn't and those that legs in have into focus. So invest not high, spinning have we X is But investing by like stand We're people are becomes X, and which
feel we how worlds it. about is So the we get of best both
urban metal right mining side, the throughout primarily U.S. plans the the the opportunities growth any Looking example, at for business, plan Are there -- is abroad, Australia? now
question. Great question. Great
a they even got country which got anybody we're been the we've region has from the or We can Pennsylvania, and that because us. But cases, the United X case, states or who one don't got States So marginal In we've just another In the really X we've we've Jersey. continents. ones received Southwest validates laser-focused handle volumes multiple Florida, got it's else scale rest pulled an approached lot us or the there though that out. alternative small. of it's of be We've on isn't big least the at at New from, panels may see to need. all, that the being X
way, the joint is critically it and that where love best, is easiest to efficient They've scale. international would technology leave that is me the Let to they ventures. see believe the and our assessed fastest, most
we'll see early proceed. stage. those So how That's
is market the Fortunato every in day. single
into just So bumping he's everything.
on time the $XX shelf clarity here. on the in up Any million XX-K? Coming
on shelf record. have So a registered we always
always If that a you'll go years, registered see we shelf hand. back on XX have you
is It mean Now typically, access you the efficient you're company, if doesn't but and it. that company a you capital public the want to need you reason public you markets. want you're a have it it,
years, before all every you and in If you record, we you registration should then we if like have we have practically, really always use them, use them replace will. If just a on them on statement place. they we X They don't if expire want month a it shelf, expire. one typically or always
constant. So that's a
I know to have not by So let's a and to, or there's we back of do get press up best there. e-mail wrap it to we include events releases. in in Anything questions. gotten will you future our future lot that
but So court for put your ball back comments. your I I'll time, appreciate the any Corrado, in here, final
absolutely. Yes,
for, look, in project we're subordinating fuels. supporting funding So off summary, spinning done and ultimately the just getting the A obviously, first, Series fully businesses and
these with huge grow. basis standalone and of So have internationally then markets metals about Both on will we we public companies our for end companies rapidly as addressable shareholders. all up just a spoke X
AGM potentially the the will end of quarter call and now May be could our May for April, be So XX. is next early scheduled
work tremendous a of We and now between then. to do have amount
in unlock freaking all value. We're it's then. is back energized this working we Everything excited. And time, is this but answer without as to strongly questions appreciate question any investors. to we'll and able circle the strongly, and can were sent You'll We're off be our all now we're said, look on doing getting that close have that here you that and we Trevor between to butts tell you growing. coming. I updates tone our not answer and and of we're
anything. So it's for now all we coming. are I wouldn't where trade
and everyone, please tuned. thank So you, stay
Record attendance. numbers of
everything been that have think the I you be that guys continues that to doing and to speaks unlocked. value
for Comstock So recording. eye thanks joining Corrado, thanks, and today. the everyone Please the an for team, and to keep Billy out
We be and comstockinc going by or uploaded at will out also it's be e-mail to comstock.inc. that sending
have you your that been any for Again, event. submitted you ir@comstockinc.com. That that's or If time. today's ir@comstockinc.com. concludes not everyone not have have addressed, questions that Thanks
Outstanding. all. Thank you,
you. Thank
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