Comstock Mining Inc. Announces Completion of Initial $20 Million Investment and Separation of Bioleum

Reuters
29 May
<a href="https://laohu8.com/S/LODE">Comstock Mining</a> Inc. Announces Completion of Initial $20 Million Investment and Separation of Bioleum

Comstock Inc. (NYSE American: LODE) announced the closing of an initial $20 million tranche of Series A investment and the separation of its Fuels segment, Bioleum, on May 22, 2025. The executive chairman and CEO, Corrado De Gasperis, highlighted that this strategic move aims to enhance capital efficiency, manage risks, and create value. By separating Bioleum and Comstock entities, each can now pursue tailored funding and growth strategies independently. Comstock retains a substantial equity position in Bioleum, ensuring shareholders benefit from future successes while mitigating risks. Further details on the Bioleum transactions are expected in Comstock's forthcoming Current Report on Form 8-K.

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