COMSTOCK MINING, INC

LODE - NYSE / Holds Major Gold - Silver Properties - Q2 Results - Shorts Scramble to Cover

BREAKOUT ALERT

Target Price Set At $0.46. - STRONG BUY

We feel this stock is a STRONG BUY based upon several factors.

  • Gold Is In A Strong Uptrend

  • The Company Has Reorganized Paying Off All Debt

  • Several Institutional Investors Have Recently Taken Positions  SEC 13D Filings

  • LODE Holds Valuable Gold Properties And Mining Assets Fully Permitted

  • LODE Owns Valuable Shovel Ready Real Estate In Addition To Mineral Rights MORE

LODE  is building a strong base and should break out testing the $0.46 level reached last year  -  A Double

Fact Sheet  -  LODE Annual Report To Shareholders


Gold Surges Ahead  - Watch These Two Videos On Gold  - Gold Now In Cyclical Uptrend - Watch These Stock Soar


Comstock Mining Acquires 30 New Lode Mining Claims

VIRGINIA CITY, Nev., Sept. 12, 2017 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (the “Company”) (NYSE American:LODE) announced today that the Company has added 472 acres of claims contiguous to its claims in the Dayton /Spring Valley Areas by acquiring 30 unpatented Lode claims, including lands that were previously held by Kona Gold, in the southern part of the Comstock District.

COMSTOCK MINING, INC. LAND MAP
Depicted in blue are Comstock Mining’s existing claims with additional new claims displayed in bright green.


Corrado De Gasperis, Executive Chairman and CEO of the Company stated, “The efficient locating, staking and filing on the new claims expand an already impressive land position in a historic world-class mineral district. We now control well over 10 square-miles with our land position.”

The annual maintenance fees are administered by the Bureau of Land Management and include the Company’s 2,266 acres of private, patented claims as well as 6,345 acres of unpatented claims including lode claims and combined equals 8,611 of total acres. With the addition of the 30 new claims comprising 472 acres, the Company now controls 6,817 acres of unpatented claims and 9,083 total acres.  The filing fees associated with the newly acquired claims was $12,277.00, which included paying for last year’s and 2017-2018 intent to hold fees to the BLM.

The Company has expansive mining claims with exploration, development and operating permits throughout a historic world-class district featuring a production ready platform.  The Company’s existing and newly expanded land position in the Comstock District is illustrated in the map below.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/94752b2d-af4b-4864-942f-8bb2a2e76a70

About Comstock Mining Inc.

Comstock Mining Inc. is a producing, Nevada-based, gold and silver mining company with extensive, contiguous property in the Comstock District and is an emerging leader in sustainable, responsible mining, including concurrent and accelerated reclamations, soil sampling, voluntary air monitoring, cultural asset protection and historical restorations.  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 acquiring additional properties in the district, expanding its footprint and creating opportunities for further exploration, development and mining.  The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by validating qualified resources and reserves (proven and probable) from our first two resource areas, Lucerne and Dayton, and significantly grow the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

Forward-Looking Statements

This press release and any related calls or discussions may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 about Comstock. Forward-looking statements are statements that are not historical facts.  All statements, other than statements of historical facts, are forward-looking statements. Forward-looking statements include statements about matters such as: future prices and sales of, and demand for, our products; future industry market conditions; future changes in our exploration activities, production capacity and operations; future exploration, production, operating and overhead costs; operational and management restructuring activities (including implementation of methodologies and changes in the board of directors); future employment and contributions of personnel; tax and interest rates; capital expenditures and their impact on us; nature and timing and accounting for restructuring charges, gains or losses on debt extinguishment,  derivative liabilities and the impact thereof; productivity, production slowdowns, suspension or termination, business process, rationalization and other operational initiatives; investments, acquisitions, joint ventures, strategic alliances, business combinations, asset sales; consulting, operational, tax, financial and capital projects and initiatives; contingencies; environmental compliance and changes in the regulatory environment; offerings, sales and other actions regarding debt or equity securities; including a redemption of the debenture, and future working capital, costs, revenues, business opportunities, debt levels, cash flows, margins, earnings and growth.

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. 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 that 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 discussed in Item 1A, “Risk Factors” of our annual report on Form 10-K. 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. We undertake no obligation to publicly update or revise any forward-looking statement.

Neither this press release nor any related calls or discussions constitutes an offer to sell or the solicitation of an offer to buy the Debenture or any other securities of the Company.

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USA Parkway Completed Ahead of Schedule; Comstock Secures Valuable Sale of Water Rights

VIRGINIA CITY, Nev., Aug. 29, 2017 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (“Comstock” or the “Company”) (NYSE American:LODE) announced today that the Nevada Department of Transportation (NDOT) celebrated the completion of the new Infinity Highway (formerly USA Parkway) yesterday—three months ahead of schedule. NDOT has completed the $75.9 million project and a large multi-lane roundabout at the intersection of the Infinity Highway and U.S. Route 50; in the immediate vicinity of the Company’s certified, shovel-ready, 98-acre Comstock Industrial Site and senior water rights in Silver Springs, Nevada.

INFINITY HIGHWAY/U.S. 50 ROUNDABOUT
Computer-generated rendering of the roundabout where the Infinity Highway meets US Route 50. The view is looking south, with Silver Springs and the Comstock Industrial Site toward the left and Carson City to the right. (Image provided by the Nevada Department of Transportation)


INFINITY HIGHWAY
Corrado De Gasperis President & CEO of Comstock Mining, Inc. (l.) and Scott Jolcover Director of Business Development for Comstock Mining, Inc. (r.) with the newly unveiled sign designating State Route 439 as the Infinity Highway during NDOT’s celebration for the new highway connecting I-80 with US Route 50.


Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/efe302c4-2ea7-4cdc-8f1c-0a5594c7819e

http://www.globenewswire.com/NewsRoom/AttachmentNg/e533ca8e-c9fe-42d5-a0df-661b5be549fb

The Company also announced today that it has escrowed the sale of 54 acre-feet of water rights in two transactions that generated over $550,000. The transaction is expected to close in the first week of September and the funds will immediately be used to pay down long-term debt, consistent with the Company’s original plan. The Company still has over 203 acre-feet of water rights available for use in this development area.

Corrado De Gasperis, President & CEO of Comstock Mining Inc. said, “The sale of water rights at $15,000 per acre-foot value the water rights at over $3.5 million, more than the purchase price of the land and water and mark these properties at a much higher market value than originally anticipated for the entire industrial complex.   We see the early opening of the Infinity Highway as a catalyst for both the speed and value of the properties we are monetizing.”

The Company’s 98-acre Comstock Industrial Site is strategically located between the Silver Springs Airport and the re-zoned Downtown Silver Springs parcels and the recently completed Infinity Highway. The property is ideally situated with excellent logistics in immediate proximity to where the Infinity Highway (State Route 439) connects with U.S. Route 50 from Interstate 80, through the TRI Center, also known as the largest industrial park in the world.

Local officials also announced four new transactions resulting in over 5,000 acres of additional purchases in progress, including multiple high-tech companies, accelerating the development in the TRI Center, especially southward towards our properties.  The Company plans to monetize certain non-mining related lands, buildings and water rights, including this Certified Site, for expected net cash proceeds of more than $14 million during the next 12 months.


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 an emerging leader in sustainable, responsible mining. 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 evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.



Comstock Mining Inc (LODE) Short Interest Up 12.5% in August

Comstock Mining Inc (NYSE:LODE) was the recipient of a large growth in short interest during the month of August. As of August 15th, there was short interest totalling 3,040,352 shares, a growth of 12.5% from the July 31st total of 2,701,442 shares. Currently, 2.1% of the company’s stock are sold short. Based on an average trading volume of 4,003,192 shares, the days-to-cover ratio is presently 0.8 days.

Comstock Mining (LODE) traded up 4.155% during trading on Thursday, reaching $0.183. 1,607,493 shares of the company’s stock were exchanged. Comstock Mining has a 12 month low of $0.13 and a 12 month high of $0.41. The stock’s market cap is $38.43 million. The firm has a 50 day moving average of $0.19 and a 200-day moving average of $0.20.

Comstock Mining (NYSE:LODE) last issued its earnings results on Tuesday, August 1st. The mining company reported ($0.02) EPS for the quarter. Comstock Mining had a negative return on equity of 98.83% and a negative net margin of 10,715.09%. The company had revenue of $0.03 million during the quarter. On average, equities research analysts anticipate that Comstock Mining will post ($0.07) earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Comstock Mining Inc (LODE) Short Interest Up 12.5% in August” was originally published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this news story on another domain, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The legal version of this news story can be accessed at https://transcriptdaily.com/2017/08/24/comstock-mining-inc-lode-short-interest-up-12-5-in-august.html.

Comstock Mining Company Profile

Comstock Mining Inc is a gold and silver mining company. The Company holds properties in the Comstock and Silver City mining districts (collectively, the Comstock District). The Company’s segments include mining and real estate. The mining segment consists of the Company’s activities and expenditures associated with mining.


Comstock Mining Announces Second Quarter 2017 Results; Advances Dayton Feasibility and Multiple Strategic Ventures

VIRGINIA CITY, Nev., Aug. 01, 2017 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (the “Company”) (NYSE American:LODE) today reported selected unaudited financial results for the fiscal quarter ended June 30, 2017, and provided business updates.

Figure 1.
Dayton and Spring Valley Magnetic Geophysics.


Reasons to Buy LODE NYSE

Second Quarter 2017 Selected Strategic and Operational Highlights 

  1. Conducted column testing of Dayton mineralized materials, with federally funded research grants through Cycladex Inc., a strategic investee, for, faster, cheaper, safer leaching solutions, yielding 82-85% gold.
  2. Advanced strategic discussions associated with accelerating the development of our Lucerne Mine project, towards assessing economic feasibility, establishing proven and probable reserves and production plans.
  3. Established a joint collaboration with a strategic partner and began metallurgical testing on Lucerne mineralized material from the existing leach pad to assess additional silver yield extraction potential.
  4. Renewed all 6,345 acres of Unpatented Lode Claims controlled by the Company.
  5. Completed State Route 342 Alignment and Nominated for 2017 Nevada Reclamation Excellence Award.
  6. Nevada Announced over $125 Million in Infrastructure Investments, including USA Parkway’s Grand Opening Celebration on August 28, 2017, directly benefiting Comstock’s Certified Industrial Site.
  7. Nevada Announced that Apple Inc. will invest an additional $1 billion in northern Nevada, doubling the size of its existing data center near the Tahoe Reno Industrial (TRI) Center.
  8. Tesla announced expansion plans for its $6 billion Giga factory investment in the (TRI) Center to also include Model 3 powertrain production in addition to existing planned battery cells and battery packs.
  9. Accelerated activities associated with monetization of non-mining lands for 2017, including our site certified, shovel ready industrial land and water rights in the immediate vicinity of the Tahoe Reno Industrial (TRI) Center, where the new USA Parkway intersects with Highway 50 via a new roundabout.

Corrado De Gasperis, Executive Chairman and CEO of the Company stated, “Our second quarter was very productive as we signed one new strategic agreement and advanced three others.   These ventures are designed to enhance liquidity, accelerate mining activities, strengthen and grow our land position and reduce costs, all with the goal of delivering $500 million of accretive share value in the next 2-3 years.”   

Selected Financial Highlights – Six Months Ended June 30, 2017

  1. General and administrative expenses reached a record low of $1.6 million  for the six months ended June 30, 2017, a 21% reduction as compared to the 2016 period of $2.0 million, driven by lower payroll and administrative expenses, despite higher costs associated with transaction and mineral title diligence.
  2. Real Estate operating costs maintained a record low for the six months ended June 30, 2017, a 79% reduction compared to the 2016 period, and a positive year to date cash flow and profit for this segment.
  3. Mine claims costs reached a record low of $0.5 million for the six months ended June 30, 2017, an 11% reduction compared to the 2016 period, despite growing and further entitling the land position.
  4. Environmental and reclamation expenses reached a record low of $0.5 million for the six months ended June 30, 2017, a 29% reduction as compared to the 2016 period of $0.7 million, despite higher costs associated with unusual precipitation and related enhanced water management activities.
  5. Exploration and mine development expenses were $0.5 million for the six months ended June 30, 2017, as compared to the 2016 period of $3.4 million, in part from subsidizing certain mine development costs through partners and the completion of the underground drift developments in 2016.
  6. Net loss was $5.7 million, or a loss of $0.03 per share for the six months ended June 30, 2017, as compared to a net loss of $6.9 million, or a loss of $0.04 per share, for the comparable 2016 period.
  7. Net cash used in operations was $3.6 million for the six months ended June 30, 2017, primarily for operating expenses, interest expenses and other net uses for working capital.
  8. Net cash provided by financing activities, was $4.6 million, primarily from equity and debt issuances.
  9. Total long-term debt at June 30, 2017, was $11.4 million, with all but $0.6 million being long term, the positive result from the Company’s first quarter refinancing.
  10. Cash and cash equivalents at June 30, 2017, were $1.0 million.  The Company anticipates maintaining a cash balance of at least $1.0 million throughout 2017.

Mr. De Gasperis added, “Our cost performance in the first half of this year puts us at all time lows, and we are focused on even lower costs. Our refinancing extended maturities until 2021 and with NDOT completing USA Parkway early, we are looking forward to completing our land sales and eliminating this debt within the next twelve months. These foundational improvements combined with our progressing strategic ventures to accelerate mining activities, have enhanced the interest in our Company and dramatically improved our share liquidity.”

Strategic Ventures
Lucerne Mine Project – Accelerated Development
During the second quarter, the Company advanced strategic discussions associated with accelerating the development of our Lucerne Mine project, including a re-scoping assessment that includes assessing economic feasibility, establishing proven and probable reserves and production plans. The Company, in conjunction with the potential partner, has assessed alternative mine plans, including the feasibility of expanding the surface mine operation, establishing proven and probable reserves and designing a mine plan for production and expects to provide an update on this progress during the current quarter.

Silver Extraction Enhanced Feasibility Project
During the second quarter, the Company entered into a joint collaboration agreement to test an alternative extraction technology, with multiple objectives.  First, the company has provided leached material from the existing Lucerne leach pad for reprocessing and analysis to determine if additional silver extraction of existing material is economically feasible.  Additionally, the Company has delivered new mineralized material from the Dayton Resource area, for processing and analysis on both gold and silver yields.  These materials are being processed and tested in the Reno, Nevada area, at both independent metallurgical labs and further within our joint collaboration.  The Company expects to provide an update on these process tests during the current quarter.

Cycladex Inc.
During the second quarter, our technical staff conducted column tests, in direct collaboration with Cycladex Inc., (“Cycladex”) a strategic investee, of both cyanide and non-cyanide solutions. The teams established four, full metallurgical column tests, two cyanide and two non-cyanide, running parallel, that supports and advances the feasibility study for establishing proven and probable reserves at the Dayton. The samples were crushed, agglomerated and loaded into four ten-foot columns for leach simulation.   These simulations were conducted on-site, in the Company’s metallurgical labs, and are coordinated through, and funded by U.S. National Science Foundation grants.

The Cyanide columns leached exceptionally high and fast for gold with cyanide, higher than prior tests and expectations. The Company’s expectations for the cyanide columns started high, at about 80%, so the 82-85% result in just 25 days was higher and faster than expected.  Cycladex yields exceeded expectations for both gold and silver and tracked exceptionally well against the cyanide parallel columns. Although still in the early stages, the Company is pleased with the Cycladex yields and speed and looks forward to assessing the specific consumption and cost efficiency in the next few phases.  The next phase of consumption and cost testing is scheduled for completion in late September 2017.

Other Strategic Ventures

The Company has also progressed discussions in two other joint venture opportunities, including agreement in principle on one of them. These ventures are designed to enhance our mining interests, improve feasibility and accelerate mine planning activities toward full economic feasibility.  We will update on these activities, as completed, during the third quarter and the remainder of 2017. 

Dayton and Spring Valley Drilling Target Areas

The Company is working to advance the Dayton Resource area to full feasibility, with a production ready mine plan within the next two years. The new targets are based on the Company's updated analysis of previous geophysical studies with current interpretations of the geology (see Figure 1).

These ground magnetic geophysical surveys identified a linear anomalous corridor, defined by a series of relative magnetic lows. Limited drilling has already identified several mineralized zones. Additionally, a wide zone (up to 500 feet wide) beginning at the Dayton resource and continuing southerly, all the way down to the Daney mineralized patent can be traced by following the north/south trending vein swarms (see again, Figure 3).  The veins depicted by distinct traces colored red.   The increased occurrences and density of the combined structures has been indicative in the Dayton resource to host the higher grades and larger volumes of economic mineralization.  This will be part of the exploration model and has generated a multiple drill target environment.

The Dayton exploration program is designed to target the projected trend of known mineralization southerly.  The magnetic geophysical survey has been studied and a structural interpretation was developed  that illustrates multiple cross cutting structures (colored green) that are oblique to the southerly projected vein trend (colored red).  Though rare, due to alluvial cover, the outcropping quartz veins and outcropping crosscutting structures had definitive diagnostic magnetic signatures. Similar structures have been identified in the Dayton resource area and were found to be important components for the development of economic grades of mineralization.  In the Dayton resource area, geologic observations made on the surface and in accessible underground workings have identified the north/south and the crosscutting structures to carry gold and silver values with different silver to gold ratios. Comparisons of selected sample geochemistry, the north/south veins commonly have higher silver to gold ratios.

The Company also recently completed metallurgical column tests on mineralized material from the Dayton Resource Area that contribute to the advancement of a full feasibility assessment for the mine, updating prior metallurgical test work and the technical resource report published in January 2013. During the second quarter of 2017, the Company conducted column tests of both cyanide and non-cyanide solutions. They established four, full metallurgical column tests, two cyanide and two non-cyanide, running parallel, that supports and advances the feasibility study for establishing proven and probable reserves at the Dayton. The samples were crushed, agglomerated and loaded into four ten-foot columns for leach simulation.   These simulations were conducted on-site, in the Company’s metallurgical labs, and are coordinated through Cycladex Inc., (“Cycladex”) a strategic investee, and funded by U.S. National Science Foundation grants.

The Cyanide columns yielded between 82-85% gold in just 25 days.  The Company has already designed and established new column tests for the primary purpose of assessing the specific consumption of the new materials and material cost for processing.  This is important for assessing ultimate economic feasibility of these solutions.  These simulations will also be conducted on-site, in the Company’s metallurgical labs, and are still funded by U.S. National Science Foundation research grants.  These updated metallurgical testing compliment extensive metallurgical testing results for Dayton that were previously published in 2011. 

Figure 1 - Dayton and Spring Valley Magnetic Geophysics
In house Dayton engineering and mine planning have now resulted in profiling various economic pit shells with multiple cutoff grade scenarios. We also performed due diligence, assisted by SRK Consulting.  The due diligence resulted in confirmation of the scoping level mine plans and agreement on the conceptual processing layout.

Costs and Outlook
Total operating expenses for the second half of 2017 are expected to be $2.1 million, including exploration and mine development, mine claims, environmental and reclamation, and general and administrative costs but excluding depreciation and amortization. Interest expense is expected to be approximately $1.3 million. The Company expects to continue operating with approximately 10 employees, including expert land, permitting, geology, engineering and metallurgical professionals.

Operating expenses for the full year 2017, in part due to higher expenses associated with restructuring and refinancing activities and environmental mitigation activities associated with inclement weather, both of which are now substantially complete, are anticipated to be $4.5 million. Operating expenses are anticipated to be $3.6 million for the full year 2018, consistent with the now-current run rate.

Northern Nevada Economic Development and Non-mining lands
The Company plans to sell non-mining related lands, buildings and water rights, for expected net cash proceeds of more than $14 million during the next twelve months resulting in net profit of more than $8 million. These proceeds will be free of income taxes and they will first be used to eliminate debt obligations due under the Debenture (including principal, accrued interest, and make whole amounts), and to fund certain exploration activities in Dayton, all while strengthening the financial position of the Company.  During the past six months, the Company highlights the following northern Nevada developments:

  • Nevada Announced over $125 Million in Infrastructure Investments, including USA Parkway’s S79 million Grand Opening Celebration on August 28, 2017, benefiting our Certified Industrial Site;
  • Completion of the $8 plus million roundabout for connecting USA Parkway with Highway 50; in immediate proximity of the Company’s property.
  • Apple Inc. announced its anticipated investment of an additional $1 billion in northern Nevada, doubling the size of its existing data center near the TRI Center;
  • Tesla announced that it will expand its $6 billion Giga factory investment in the TRI Center to also include Model 3 powertrain production with already planned battery cells and battery packs;
  • Google announced that it has invested in the second largest parcel in the Tahoe-Reno Industrial (TRI) Center Nevada;
  • Switch announced the opening of the largest, most advanced colocation Data Center in the world, known as The Citadel Campus, designed for up to 7.2 million square feet of data center space; and
  • Storey County has issued over 400 new business licenses through July 2017.

The recent announcement  by the Nevada Department of Transportation, that the USA Parkway will celebrate its ribbon cutting on August 28, 2017, and be fully open for business on September 8, 2017, months ahead of schedule, represents the single largest catalyst for the value of the Company’s properties along Highway 50, and has already increased interest and activity in purchasing industrial lands in Silver Springs, Nevada, where the Company’s Industrial Site and water rights are located and residential properties along the entire Highway 50 corridor, where the 225 acres, Daney Ranch is located.  These milestones have increased the interest and activities in and around these properties.

Corporate and Outlook

The Company enhanced its liquidity with a long-term, strategic refinancing during the first quarter and more efficient access to equity capital during the second quarter. The longer-term debt and equity allows the Company to participate in the dramatic economic boom currently surging throughout northern Nevada and provide an effective bridge prior to any land sales or completed ventures.  Cash and cash equivalents at June 30, 2017, were $1.0 million.  The Company plans on maintaining a cash balance of at least $1.0 million, prior to the non-mining land sales or the benefits from the strategic ventures.

Conference Call

The Company will host a conference call today, August 1, 2017, at 8:00 a.m. Pacific Time/11:00 a.m. Eastern Time.  The live call will include a moderated Q&A, after the prepared comments by the Company.  The dial-in telephone numbers for the live audio are as follows:

North American Toll Free: 866-253-4737; confirmation code 8660971

International: +1 416-849-2693; confirmation code 8660971

The audio will be available, usually within 24 hours of the call, on the Company website:

http://www.comstockmining.com/investors/investor-library

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 an emerging leader in sustainable, responsible mining. 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 evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.


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Comstock Mining Completes State Route 342 Realignment

Historic Creek Restoration and World-class Reclamation

VIRGINIA CITY, Nev., May 23, 2017 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (the “Company”) (NYSE:LODE), announced today that the State Route (SR) 342 realignment project is complete and has been accepted by both the Nevada Department of Transportation and Storey County. SR 342 is a critical connecting component to the northern Nevada quadrant, connecting Reno, Virginia City, and together with Highway 50, Carson City.  The USA Parkway project, scheduled for completion this summer, further connects the northern Nevada quadrant by connecting Highway 80 with Highway 50, opening up the entire quadrant to significant commercial expansions. 

Corrado De Gasperis, Executive Chairman & CEO, commented, “Genuine sustainability is embedded in our ‘Comstock Responsible’ culture. We facilitated a complex network of regulatory cooperation to rebuild and realign a critical section of SR 342 that ultimately connects Virginia City and Gold Hill with Highway 50, and the explosive growth we are experiencing in northern Nevada. This project has enhanced the quality of safety of transport through our community, supporting tourism and commerce for its many expanding businesses.”

Comstock Mining coordinated and collaborated with communities in both Storey and Lyon Counties; Nevada Division of Environmental Protection; Nevada Department of Transportation; State Historic Preservation Office; McGinley & Associates; Debra Lemke; Resource Concepts; and U.S. Army Corps of Engineers.

Mr. DeGasperis added, “The SR 342 realignment provided several sustainable advantages, including the removal and remediation of abandoned mercury-contaminated mine dumps, the capping and sealing of an historic 1000-foot vertical mine shaft, and the creation of a scenic, rock-lined waterway.  This provided a safer and more efficient passage for commerce, a safe separation for Comstock Mining’s modern mining operations and one of the most profound voluntary reclamation projects in northern Nevada.”

The successful rebuilding and realignment of SR 342 is a testament to the leadership and sustainable philosophy demonstrated by Comstock Mining and its “Comstock Responsible” culture.

One of the most profound voluntary reclamation projects in northern Nevada, the SR 342 realignment provided several sustainable advantages, including the removal and remediation of abandoned mercury-contaminated mine dumps and the capping and sealing of an historic 1000-foot vertical mine shaft.




Comstock Mining Progresses Strategic Activities

Apple Also Announces $1 Billion Expansion into Northern Nevada

VIRGINIA CITY, Nev., May 11, 2017 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (the “Company”) (NYSE MKT:LODE) reported today that Apple Inc. just announced an additional $1 billion investment in northern Nevada, doubling the size of its existing data center near the Tahoe Reno Industrial (TRI) Center. This investment by Apple will create 300 construction jobs plus 100 permanent data-center jobs.

Corrado De Gasperis, Executive Chairman and CEO of the Company stated, “Apple just joined Tesla and Switch in announcing $1 billion+ investments each, in addition to Google’s recent large land purchase in the TRI Center.  These are staggering commitments to the economies near our recently certified Comstock Industrial Site, driving value and interest toward our non-mining properties.  We hosted three site visits alone just this past week.”

The Company believes the biggest catalyst and value driver for its lands is the completion of the new USA Parkway and its roundabout connection into Highway 50, both scheduled for completion this year. The Nevada Department of Transportation has already announced over $125 million in infrastructure road projects directly associated with the new Parkway and/or Highway 50 connections and expansions.

The Company recently extracted additional mineralized samples from the Dayton Resource Area, for the purpose of assessing optimum metallurgical feasibility for the Dayton mineralized material.  The samples were crushed, agglomerated and loaded into four ten-foot columns for leach pad simulation.   These simulations are located on-site, in the Company’s metallurgical labs, and funded by U.S. National Science Foundation research grants through Cycladex Inc., a strategic investee and partner.  This simulation is focused on comparing cyanide-based leaching alongside “Cycladex Lixiviant” based leaching so we can provide a preliminary assessment for determining the fastest, most efficient and economically feasible process solution.

Mr. De Gasperis noted, “We completed a scoping column test in the first quarter and have now established four, full metallurgical column tests, two cyanide and two non-cyanide, running parallel, that support and advances the feasibility study for establishing proven and probable reserves at the Dayton Mine. Preliminary results from these columns would be available mid-July.”

The Company also advanced three out of four strategic venture discussions this week and anticipates that at least one transaction will occur during the second quarter.

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Comstock Mining Announces Sweeping Master Plan and Zone Changes in Silver Springs Nevada

Board of County Commissioners Unanimously Votes for Economic Growth

VIRGINIA CITY, Nev., April 10, 2017 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (“Comstock” or the “Company”) (NYSE MKT:LODE) announced today, that the Lyon County Board of Commissioners unanimously approved both a major, expansion-friendly master plan amendment for the Silver Springs Airport and commercial zoning for a centrally-located 160-acre parcel, both of which are in the immediate vicinity of the Company’s recently approved, shovel-ready, 98-acre Comstock Industrial Site in Silver Springs, Nevada.

A photo accompanying this announcement is available HERE

Corrado De Gasperis, President & CEO of Comstock Mining Inc. said, “The Lyon County Commissioners have demonstrated outstanding leadership by making critical land use changes that support and facilitate the economic development opportunities spreading throughout our region. Our property sits squarely in the middle of these changes.”

The Company’s 98-acre Comstock Industrial Site is available for development and recently received the Nevada Certified Site accreditation from the Northern Nevada Development Authority (NNDA). It is in immediate proximity of the super-routed USA Parkway and Highway 50 intersection.  This site is located in the direct vicinity of the expanding Tahoe Reno Industrial (“TRI”) Center, the Silver Springs Airport, the now re-zoned Downtown Silver Springs parcels and the USA Parkway—that is scheduled for completion later this year.

The Nevada Certified Site Program is designed to provide critical decision-making information to business owners, developers and site selectors to allow informed, expedited decisions. The Nevada Certified Site designation serves as a pre-qualification for buyers, indicating that a property’s title is clear, appropriately zoned, possesses sufficient utilities, adequate transportation access and other critical infrastructure for industrial and commercial uses. It also includes a confirmation that a positive, Phase One environmental assessment has been completed, among many other criteria. The designation ensures that a company’s expansion plans will not be held back by costly delays in permitting and approvals.

The 98-acre Comstock Industrial Site in Silver Springs, Nevada, is also located adjacent to the Silver Springs Airport, multiple, expansive parcels of commercial and industrial properties and immediately within the municipal water and sewer service area, serviceable by electrical power, natural gas, and communications. The Company also owns more than 256 acre-feet of the most senior water rights in the basin. NNDA has uploaded the certified site information packet at this link:
http://www.nevadacertifiedsites.com/service/98-acre-commercialindustrial-site/

The property is ideally situated with excellent logistics in immediate proximity to where USA Parkway (State Route 439) connects with US 50 from Interstate 80, through the TRI Center, also known as the largest industrial park in the world. The Company plans to sell certain, non-mining related lands, buildings and water rights, including the Certified Site, for expected net cash proceeds of more than $14 million during the next 12 to 18 months. The Nevada Department of Transportation has an animated flythrough of USA Parkway (SR 439) that can be viewed at this link: 
http://www.nevadadot.com/projects-programs/road-projects/usa-parkway

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 an emerging leader in sustainable, responsible mining. 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 commenced production in 2012. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

MORE : LODE - NYSE
Comstock Mining Receives Coveted Nevada Site Certification on Silver Springs Property

VIRGINIA CITY, Nev., March 28, 2017 (GLOBE NEWSWIRE) -- Comstock Mining Inc. (“Comstock” or the “Company”) (NYSE MKT:LODE) announced today, that along with its subsidiary, Comstock Industrial LLC, it received the Nevada Certified Site accreditation from the Northern Nevada Development Authority (NNDA) on its strategically situated, 98-acre industrial property in Silver Springs, Nevada, in immediate proximity of the super-routed USA Parkway and Highway 50 intersection. The site is located in the direct vicinity of the expanding Tahoe Reno Industrial (“TRI”) Center, the Silver Springs Airport and the USA Parkway—which enables the most efficient throughways to Fallon, Yerington, Carson City, Las Vegas, Phoenix, and Los Angeles, and beyond. This site is only the second site to achieve this Northern Nevada certification and is the first certified in Lyon County.

A photo accompanying this announcement is available HERE

The Nevada Certified Site Program is designed to provide critical decision-making information to business owners, developers and site selectors to allow informed, expedited decisions. The Nevada Certified Site designation serves as a pre-qualification for buyers, indicating that a property’s title is clear, appropriately zoned, possesses sufficient utilities, adequate transportation access and other critical infrastructure for industrial and commercial uses. It also includes a confirmation that a positive, Phase One environmental assessment has been completed, among many other criteria. The designation ensures that a company’s expansion plans will not be held back by costly delays in permitting and approvals.

NNDA also cited several positive factors for locating a business in Nevada:

  • Nevada consistently ranks as one of the top ten states to do business based on taxation & regulation, workforce quality, and living environment;
  • Northern Nevada’s centralized location can reach 11 western states within one to two transport days;
  • Nevada’s favorable tax structure does not have a Corporate Income Tax, Personal Income Tax, Inventory Tax, Unitary Tax, Estate Tax, Gift Tax, Franchise Tax, Inheritance Tax or Special Intangible Tax; and
  • Nevada has one of the lowest costs to incorporate in the U.S.

“The commercial and industrial real estate market in the Sierra Region is growing dramatically,” said NNDA Executive Director Robert Hooper. “Industrial vacancy rates are down and, in many cases, current buildings are not meeting the market’s needs. Building a new facility to meet the specialized needs of today’s market is ideal but can take too long to get through the due diligence and approval processes. The Nevada Certified Site program solves the problem and helps buyers, sellers and developers accelerate their economic goals by doing and certifying the heavy administrative work up front.”

To become certified, the owners of a property must prove that their land meets 35 different requirements and benchmarks designed to speed up the due diligence period most buyers go through. The program is designed to support businesses that are looking to construct their own building, but don’t have the time to wait while all of the preliminary assessments are done on the property.

Corrado De Gasperis, President & CEO of Comstock Mining Inc. said, “We are pleased to receive this advantageous site certification from NNDA. The NNDA process was incredibly thorough and collaborative, especially working with Lyon County officials and local utilities.  The certification required us to meet more than 30 different prerequisites and benchmarks, all designed to expedite the development process most buyers go through.  Essentially, this site is ‘shovel ready’, saving everyone time and money.”

The 98-acre Comstock Industrial site in Silver Springs, Nevada, is also located adjacent to the Silver Springs Airport, multiple, expansive parcels of commercial and industrial properties and immediately within the municipal water and sewer service area, serviceable by electrical power, natural gas, and communications. The Company also owns over 256 acre-feet of the most senior water rights in the basin. NNDA has uploaded the certified site information packet at this link:
http://www.nevadacertifiedsites.com/service/98-acre-commercialindustrial-site/

The property is ideally situated with excellent logistics in immediate proximity to where USA Parkway (State Route 439) connects with US 50 from Interstate 80, through the TRI Center, also known as the largest industrial park in the world. The Company plans to sell certain, non-mining related lands, buildings and water rights, including the Certified Site, for expected net cash proceeds of more than $14 million during the next 12 to 18 months. The Nevada Department of Transportation has an animated flythrough of USA Parkway (SR 439) that can be viewed at this link:
http://www.nevadadot.com/projects-programs/road-projects/usa-parkway

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 an emerging leader in sustainable, responsible mining. 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 commenced production in 2012. The Company continues evaluating and acquiring properties inside and outside the district expanding its footprint and exploring all of our existing and prospective opportunities for further exploration, development and mining. The near term goal of our business plan is to maximize intrinsic stockholder value realized, per share, by continuing to acquire mineralized and potentially mineralized properties, exploring, developing and validating qualified resources and reserves (proven and probable) that enable the commercial development of our operations through extended, long-lived mine plans that are economically feasible and socially responsible.

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