Latest news for Tonogold Resources (OTC:TNGL) Stock

Tonogold Resources Inc is a resource/mining-focused company with gold and silver properties in Mexico and the United States. The company focused on developing the gold and silver resources of the Comstock Mining District located near Virginia City.

TONOGOLD RES INC by Tonogold Resources, Inc.

Tonogold Resources Inc

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TNGL

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Press Releases

TONOGOLD to Acquire Large Diversified US Focused Uranium Company

TONOGOLD Announces that Its Merger Partner has Added to Its Uranium Portfolio

TONOGOLD and JAG Announce Amended Transaction Term Sheet and Upgrades to Stateline Project Targets

TONOGOLD Enters into a Definitive Share Purchase Agreement to Acquire Jag Minerals Pty Ltd

Historic Uranium Estimate at Marysvale Project

Tonogold Announces Receipt of Conversion Commitments Representing Approximately 80 Percent of Its Outstanding Convertible Loan Notes

Tonogold Posts Presentation Detailing the JAG Minerals Acquisition

Tonogold Resources / Uranium American Resources Inc. Shareholder Update

Tonogold Resources

Comstock Mining Inc. (&ldquo;Comstock&rdquo; or &ldquo;the Company&rdquo;) (NYSE:<a class="ticker" href="/stock/LODE#NYSE">LODE</a>) today announced that Tonogold Resources, Inc. (&ldquo;Tonogold&rdquo;) (OTC:<a class="ticker" href="/stock/TNGL#OTC">TNGL</a>) paid the additional cash deposits totaling $400 thousand toward purchasing the Company&rsquo;s Lucerne properties, bringing the payments to the full $1 million for extending the close until July 26, 2019.&nbsp;

On January 24, 2019, the Company entered into an agreement with Tonogold to sell its Lucerne properties for $15 million ($11.5 million in cash and $3.5 million in convertible preferred stock). The $1 million in recent cash payments brings the total non-refundable cash payments up to $3.35 million. The Company has also received the $3.5 million in a non-refundable stock payment towards the purchase.

Financing

LODE

Comstock Mining Reduces Debt By $700K; Receives Full $1M In Non-Refundable Deposits

Comstock Mining Inc. (the &ldquo;Company&rdquo; or &ldquo;Comstock&rdquo;) (NYSE:<a class="ticker" href="/stock/LODE#NYSE">LODE</a>) announced today that it received a second $1 million non-refundable payment toward the sale of its Lucerne properties (~1200 acres) to Tonogold Resources, Inc. (&ldquo;Tonogold&rdquo;) (OTC:<a class="ticker" href="/stock/TNGL#OTC">TNGL</a>). On January 28, 2019, the Company announced it entered into a definitive agreement with Tonogold for $15 million in cash, $8 million in obligation relief, a permanent reduction of annual operating expenses by $1 million, and a retained 1.5% net smelter return royalty on Lucerne properties. The Company will transfer the ownership or control of the Lucerne properties and related permits, including the recently extended Storey County Special Use Permit for mining and processing. &nbsp;The Company retains ownership and/or control of the remaining land position in the Comstock district, including but not limited to the Dayton, Spring Valley and the American Flat properties. The Company expects the transaction to close over the next two months.&nbsp;

Contracts

Comstock Mining Receives Additional $1M Toward Lucerne Mine Sale

Asset Sales

Comstock Mining to Sell its Lucerne Properties for $15M to Tonogold Resources

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