Comstock Inc. (LODE) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and thank you for joining Comstock Inc's full year 2025 results and business outlook. I'm Zach Spencer, Director of External Relations. Today is Tuesday, March 24, 2026. We are streaming live, and this session is being recorded. A recording will be posted shortly after we adjourn in the investor relations section of our website. Today, we filed our Form 10-K for the year ended December 31st, 2025, and issued a press release summarizing year end results. Both documents are available on our website. As a reminder, Comstock is listed on NYSE American with the ticker LODE, L-O-D-E. Joining me today are Corrado De Gasparis, Comstock's Chief Executive Officer, and Judd Merrill, Compsoc's Chief Financial Officer. After their prepared remarks, we will take questions. We received more than 35 questions in advance of the call. If you have additional questions during the call, please use the Zoom Q&A window and we will address as many as time allows. Today's discussion will include forward-looking statements. Actual results may differ materially due to risks and uncertainties detailed in our SEC filings. Full risk disclosures can be found in our filings on the Investor Relations page and on the SEC website. With that, it is my pleasure to introduce our Chief Financial Officer, Jud Merrill. Jud, you may begin. Thanks, Zach, and thanks for everyone being on this call. I have a few remarks, and then we'll turn it over to Corrado. But I just want to look at the company dashboard here and just announce, you know, from a CFO's perspective, 2025 was really a transformational year for Comstock. You know, we really doubled our asset base. We strengthened and simplified our balance sheet. We eliminated legacy debt and other legacy obligations, and we fully positioned the co...