Comstock secures majority interest in lithium-ion battery recycling company; facility plans 10,000 tons per year of 99.9% pure lithium-ion cathodes for clean energy transition

Virginia city, nev., feb. 17, 2021 (globe newswire) -- comstock mining inc. (nyse: lode) (“comstock” and the “company”) today announced transactions securing the rights to a majority equity stake in linico corporation (“linico”), a lithium-ion battery (“lib”) recycling company who recently acquired a state-of-the-art battery metal recycling facility from aqua metals, inc. (“aqua metals”) located in the tahoe reno industrial (“tri”) center in storey county, nevada. the company will pay $4,500,000 in cash and 3,000,000 shares of its restricted common stock, representing up to $10,750,000 in consideration for up to a 64% ownership stake in linico. aqua metals is investing $2,000,000 for a 10% stake in linico.
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