Financial Data and Key Metrics Changes - Comstock reported a gross proceed of $30 million from a recent offering, with net proceeds of $27.6 million, increasing cash position to over $45 million [8][9][12] - The company eliminated approximately $8.4 million in promissory notes and $2.2 million in convertible notes, enhancing its financial stability [9][10][11] Business Line Data and Key Metrics Changes - The metal recycling business is experiencing rapid growth, with a focus on solar panel recycling, which is projected to scale significantly [7][16] - The company has developed a unique technology for recycling solar panels, achieving a zero landfill solution and high recovery rates of valuable metals [24][26][32] Market Data and Key Metrics Changes - The market for end-of-life solar panels is expected to grow exponentially, with projections of 33 million panels reaching the end of their life in four and a half years [42][43] - The demand for silver is at an all-time high, driven by industrial applications, particularly in electronics and solar panels, with prices rising significantly [37][38] Company Strategy and Development Direction - Comstock aims to establish itself as a leader in the solar panel recycling market, with plans to expand its facilities and increase production capacity [56][58] - The company is also focused on monetizing its mining assets and exploring opportunities in the oil and gas sector following the separation of Biolium [61][67] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to scale operations and meet growing market demand, emphasizing the importance of securing permits and equipment [56][89] - The company is optimistic about its competitive advantages, including a zero landfill solution and the capacity to handle large volumes of solar panels [95][96] Other Important Information - Comstock has secured land for additional storage capacity to accommodate the anticipated influx of solar panels [40] - The company is preparing to deconsolidate Biolium from its financials, which will provide clearer visibility into its metals and fuels businesses [72] Q&A Session Summary Question: Has the equipment for solar recycling been ordered? - Yes, the company has finalized the design and is ready to purchase the equipment, with deposits being made to ensure timely delivery [79] Question: What are the lead times for the equipment? - Lead times are estimated at four to six months, with all equipment being manufactured domestically to avoid tariffs [80][81] Question: Can the capital for a facility be phased in? - The company plans to deploy the entire system at once rather than phasing it in, as it makes more sense for operational efficiency [82] Question: Can facilities be permitted and built in parallel? - The company is exploring the possibility of permitting multiple sites simultaneously to expedite the process [88] Question: What is the potential market for solar panels? - The market is projected to grow significantly, with millions of panels reaching the end of their life in the coming years, translating to hundreds of thousands of tons of material [92] Question: Will long-term contracts be established for metal recycling? - The company believes that as its capabilities become clearer, longer-term contracts will be negotiated with customers [94][102] Question: Why are asset sales taking so long? - Delays in asset sales are attributed to power grid bottlenecks caused by increased demand from data centers and industrial developments [104][106]

[PART I – FINANCIAL INFORMATION](index=6&type=section&id=PART%20I%20%E2%80%93%20FINANCIAL%20INFORMATION) [Financial Statements](index=6&type=section&id=Item%201.%20Financial%20Statements) The company reported a net loss of $7.8 million for the three months ended June 30, 2025, an improvement from an $8.7 million loss in the same period of 2024, while total assets significantly increased to $148.2 million from $91.3 million at year-end 2024 [Condensed Consolidated Balance Sheets](index=6&type=section&id=CONDENSED%20CONSOLIDATED%20BALANCE%20SHEETS) Total assets grew to **$148.2 million** as of June 30, 2025, from **$91.3 million** at December 31, 2024, primarily due to increased cash and non-current assets, while total liabilities also rose to **$56.4 million** from **$31.5 million** Condensed Consolidated Balance Sheet Highlights (Unaudited) | Account | June 30, 2025 (USD) | December 31, 2024 (USD) | | :--- | :--- | :--- | | **Current Assets** | | | | Cash and cash equivalents | $18,587,742 | $954,271 | | Total current assets | $22,992,943 | $12,558,045 | | **Non-current Assets** | | | | Investments | $40,318,770 | $38,885,998 | | Properties, plant and equipment, net | $27,262,260 | $8,605,094 | | Intangible assets, net | $26,163,016 | $5,859,152 | | Total non-current assets | $125,224,014 | $78,751,836 | | **TOTAL ASSETS** | **$148,216,957** | **$91,309,881** | | **Current Liabilities** | | | | Total current liabilities | $15,360,843 | $8,111,367 | | **Long-term Liabilities** | | | | Marathon SAFE Note | $12,000,000 | $— | | Total long-term liabilities | $40,994,520 | $23,429,429 | | **TOTAL LIABILITIES** | **$56,355,363** | **$31,540,796** | | **Total stockholders' equity** | **$91,861,594** | **$59,769,085** | [Condensed Consolidated Statements of Operations](index=8&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20OPERATIONS) For the three months ended June 30, 2025, revenue was **$339,546** with a net loss of **$7.8 million**, or **($0.27)** per share, while for the six-month period, revenue increased to **$1.1 million** in 2025 from **$0.9 million** in 2024, with the net loss widening to **$16.9 million** from **$15.6 million** Condensed Consolidated Statements of Operations (Unaudited) | Metric | Three-Months Ended June 30, 2025 (USD) | Three-Months Ended June 30, 2024 (USD) | Six-Months Ended June 30, 2025 (USD) | Six-Months Ended June 30, 2024 (USD) | | :--- | :--- | :--- | :--- | :--- | | Revenue | $339,546 | $434,824 | $1,125,361 | $860,775 | | Cost of goods sold | $814,001 | $— | $1,700,797 | $— | | Loss from operations | $(7,666,882) | $(5,563,182) | $(14,705,630) | $(10,212,746) | | Net loss | $(7,826,943) | $(8,652,272) | $(16,920,874) | $(15,570,592) | | Net loss per share - basic and diluted | $(0.27) | $(0.60) | $(0.63) | $(1.19) | [Condensed Consolidated Statements of Changes in Stockholders' Equity](index=9&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CHANGES%20IN%20STOCKHOLDERS%27%20EQUITY) Total stockholders' equity increased to **$91.9 million** at June 30, 2025, from **$59.8 million** at the start of the year, driven by common stock issuances for debt conversions and acquisitions, and a **$20 million** equity investment in Bioleum, partially offset by a **$16.9 million** net loss - A significant event in Q2 2025 was the creation of a **$3.3 million** non-controlling interest related to a **$20 million** Series A investment in the subsidiary Bioleum and the issuance of shares to the Bioleum Founders Group[26](index=26&type=chunk) - The company issued a substantial number of shares for non-cash activities, including **2,629,601 shares** for conversion of debt and accrued interest, and **2,000,000 shares** for the FPC amendment[26](index=26&type=chunk) [Condensed Consolidated Statements of Cash Flows](index=11&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENTS%20OF%20CASH%20FLOWS) For the six months ended June 30, 2025, cash and cash equivalents increased by **$17.6 million**, primarily driven by **$31.2 million** in net cash from financing activities, a significant improvement from a **$3.7 million** net decrease in cash during the same period in 2024 Cash Flow Summary (Six-Months Ended June 30) | Cash Flow Activity | 2025 (USD) | 2024 (USD) | | :--- | :--- | :--- | | Net cash used in operating activities | $(9,779,185) | $(5,830,794) | | Net cash used in investing activities | $(3,818,694) | $(4,663,938) | | Net cash provided by financing activities | $31,231,350 | $6,823,459 | | **Net increase (decrease) in cash** | **$17,633,471** | **$(3,671,273)** | - Major non-cash activities in H1 2025 included acquiring **$12.0 million** in plant and equipment via the Marathon SAFE Note and acquiring **$10.8 million** in intangible assets through stock and derivative liabilities for the Flux (FPC) amendment[30](index=30&type=chunk) [Notes to Condensed Consolidated Financial Statements](index=13&type=section&id=NOTES%20TO%20CONDENSED%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) The notes detail significant accounting policies, transactions, and events, including a 1-for-10 reverse stock split, the separation and consolidation of Bioleum as a VIE with a **$20 million** third-party investment, significant intangible asset additions, and complex derivative instruments - On February 24, 2025, the company effected a **1-for-10 reverse stock split**, with all share and per-share amounts retrospectively adjusted[36](index=36&type=chunk) - The company separated its renewable fuels segment into Bioleum Corporation, which received a **$20 million** third-party investment, and Comstock determined Bioleum is a Variable Interest Entity (VIE) and consolidates its financial statements as the primary beneficiary[44](index=44&type=chunk)[45](index=45&type=chunk) - The company entered into a series of agreements with Marathon Petroleum, receiving payment-in-kind assets valued at **$12.1 million** in exchange for a **$12.0 million** Marathon SAFE Note[58](index=58&type=chunk)[125](index=125&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A)](index=55&type=section&id=Item%202.%20Management%27s%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations.) Management discusses the company's strategy to commercialize clean energy technologies, with financial results showing a slight revenue decrease in Q2 2025 but overall H1 2025 revenue growth, a wider net loss, and significantly improved liquidity due to a **$20 million** Bioleum investment and a subsequent **$30 million** public offering [Overview and Lines of Business](index=55&type=section&id=Overview%20and%20Lines%20of%20Business) Comstock focuses on commercializing clean energy technologies through its Metals, Mining, and Strategic Investments segments, with a key development being the separation and **$20 million** funding of its Bioleum renewable fuels business and a strategic partnership with Marathon Petroleum - The Metals segment is scaling up its solar panel recycling operations, with plans to build up to seven facilities in the U.S. over the next five years[198](index=198&type=chunk)[200](index=200&type=chunk) - The Mining segment is monetizing non-core assets, highlighted by the sale of northern mining claims to Mackay Precious Metals for a total of **$2.95 million**[204](index=204&type=chunk) - The Bioleum subsidiary completed an initial **$20 million** closing of its Series A financing and secured a **$14 million** investment commitment from Marathon Petroleum[210](index=210&type=chunk)[211](index=211&type=chunk) [Results of Operations](index=59&type=section&id=Results%20of%20Operations) For Q2 2025, revenue decreased slightly to **$0.34 million** from **$0.43 million** in Q2 2024, while the net loss improved to **$7.8 million** from **$8.7 million**, but for the six-month period, revenue grew to **$1.1 million** from **$0.9 million**, with the net loss increasing to **$16.9 million** from **$15.6 million** due to higher costs Three-Months Ended June 30, Financial Comparison | Metric | 2025 (USD) | 2024 (USD) | Change (USD) | | :--- | :--- | :--- | :--- | | Revenue | $339,546 | $434,824 | $(95,278) | | Loss from operations | $(7,666,882) | $(5,563,182) | $(2,103,700) | | Net loss | $(7,826,943) | $(8,652,272) | $825,329 | Six-Months Ended June 30, Financial Comparison | Metric | 2025 (USD) | 2024 (USD) | Change (USD) | | :--- | :--- | :--- | :--- | | Revenue | $1,125,361 | $860,775 | $264,586 | | Loss from operations | $(14,705,630) | $(10,212,746) | $(4,492,884) | | Net loss | $(16,920,874) | $(15,570,592) | $(1,350,282) | - The increase in six-month R&D expenses by nearly **$2.0 million** was primarily due to higher costs for renewable fuel projects with external laboratories[237](index=237&type=chunk)[238](index=238&type=chunk) [Outlook](index=64&type=section&id=Outlook) The company's primary focus for 2025 is the commercialization of Comstock Metals and the continued development of Bioleum, with key corporate objectives including monetizing over **$50 million** in legacy assets and securing funding for the first industry-scale Metals facility - Corporate objectives for 2025 include monetizing over **$50 million** from legacy real estate and non-strategic investments and finalizing plans to separate Bioleum[251](index=251&type=chunk) - Comstock Metals expects billable revenues to be over **$3.5 million** in 2025, an eight-fold increase from 2024, with capital expenditures for its first industry-scale facility estimated at **$12 million**[253](index=253&type=chunk) - Bioleum aims to close its Series A financing, complete site selection for its first commercial biorefinery in Oklahoma, and secure project-level financing[259](index=259&type=chunk) [Liquidity and Capital Resources](index=68&type=section&id=Liquidity%20and%20Capital%20Resources) The company's liquidity significantly improved, with cash increasing to **$18.6 million** at June 30, 2025, from **$0.95 million** at year-end 2024, further bolstered by an additional **$30 million** raised from a public offering in August 2025, which management believes is sufficient for the next 12 months of operations - Cash and cash equivalents increased to **$18.6 million** at June 30, 2025, with working capital of **$7.6 million**[263](index=263&type=chunk) - Subsequent to the quarter end, the company raised **$30 million** in gross proceeds from a Confidentially Marketed Public Offering (CMPO) in August 2025[270](index=270&type=chunk) - The company also restructured its outstanding promissory notes with Georges Trust and Alvin Fund LLC, issuing **2.9 million shares** to settle **$8.39 million** in principal and interest[269](index=269&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=70&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk.) The company is exposed to market risk from fluctuations in commodity prices, including precious metals, critical metals, and oil and gas, which can impact profitability, while interest rate risk is considered low due to fixed-rate long-term debt - The company's profitability is sensitive to fluctuations in metal and fuel prices[276](index=276&type=chunk) - Interest rate risk is minimal as current long-term debt obligations carry fixed rates[277](index=277&type=chunk) [Controls and Procedures](index=70&type=section&id=Item%204.%20Controls%20and%20Procedures.) Management, including the CEO and CFO, concluded that the company's disclosure controls and procedures were effective as of June 30, 2025, with no material changes to internal control over financial reporting during the quarter - The Principal Executive Officer and Principal Financial Officer concluded that disclosure controls and procedures were effective as of June 30, 2025[278](index=278&type=chunk) - No material changes were made to the internal control over financial reporting during the quarter ended June 30, 2025[279](index=279&type=chunk) [PART II – OTHER INFORMATION](index=71&type=section&id=PART%20II%20%E2%80%93%20OTHER%20INFORMATION) [Legal Proceedings](index=71&type=section&id=Item%201.%20Legal%20Proceedings.) The company is subject to various environmental laws and regulations and is involved in ordinary course claims and proceedings, none of which are expected to have a material adverse impact on the business - The company states there are no pending legal matters expected to have a material adverse impact on its business, financial condition, or cash flows[282](index=282&type=chunk) [Risk Factors](index=71&type=section&id=Item%201A.%20Risk%20Factors.) No new risk factors have been identified beyond those disclosed in the company's Annual Report on Form 10-K for the year ended December 31, 2024 - There are no new risk factors reported for the quarter[283](index=283&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=71&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds.) During the second quarter of 2025, the company issued a significant number of unregistered shares of common stock, primarily for the conversion of the Kips Bay note, an amendment with Flux Photon Corporation, a private placement, and an agreement with Decommissioning Services - Issued **2,629,601 shares** to Kips Bay for debt conversion[284](index=284&type=chunk) - Issued **2,000,000 shares** to Flux Photon Corporation related to an asset purchase agreement amendment[285](index=285&type=chunk) - Issued **625,000 shares** in a private placement for **$1,500,000**[286](index=286&type=chunk) [Defaults Upon Senior Securities](index=71&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities.) None reported [Mine Safety Disclosures](index=71&type=section&id=Item%204.%20Mine%20Safety%20Disclosures.) Information regarding mine safety is included in Exhibit 95 of the report, as required by the Dodd-Frank Act [Other Information](index=71&type=section&id=Item%205.%20Other%20Information.) No director or officer of the company adopted or terminated any Rule 10b5-1 trading plans or other non-Rule 10b5-1 trading arrangements during the quarter ended June 30, 2025 [Exhibits](index=72&type=section&id=Item%206.%20Exhibits.) This section lists the exhibits filed with the Form 10-Q, including various agreements, amendments, and officer certifications

Core Insights - Comstock Inc. raised $30 million in gross proceeds from an oversubscribed offering to fund its solar panel recycling facilities and eliminate debt obligations [6][10][16] - The company has achieved significant milestones in its renewable metals and fuels segments, including certifications and strategic partnerships [4][8][12] Financial Performance - Recorded billings of $2.31 million in the first half of 2025, compared to nil in the same period of 2024 [7] - Proforma combined cash balance exceeded $45 million following recent capital raises [6] - The company plans to achieve billable revenues of over $3.5 million in 2025, which is expected to be eight times greater than in 2024 [20] Business Developments - Comstock Metals became the first company in North America to earn the R2v3 and RIOS certifications for zero-waste solar panel recycling [8] - The company has entered into a Master Services Agreement with RWE Clean Energy for end-of-life recycling services [7] - Comstock has commenced operations with a dedicated team of 20 full-time employees and expanded its operational capacity [7] Strategic Initiatives - The company plans to build up to seven industry-scale solar panel recycling facilities in the U.S. [17] - Comstock has eliminated all liabilities associated with previous acquisitions, positioning itself for future growth [6] - Bioleum Corporation, a newly formed entity, is focused on producing sustainable fuels and has secured significant investments [15][24] Market Outlook - The company anticipates a strong demand for silver and gold, driven by geopolitical concerns and economic factors [10] - Comstock aims to monetize legacy real estate and non-strategic investments for over $50 million [18] - The commercialization of Bioleum's biorefining technologies is expected to generate future revenue sources [23][26]

Core Insights - Comstock Holding Companies, Inc. (CHCI) has seen a significant stock price increase of 10.9% following its earnings report for Q2 2025, outperforming the S&P 500 index's growth of 0.5% during the same period [1] - The company reported a 24.2% stock price increase over the past month, again surpassing the S&P 500's 2.1% gain, indicating strong investor enthusiasm [1] Financial Performance - Q2 2025 earnings per share rose to 14 cents, up from 9 cents in the same quarter last year [1] - Revenues increased by 21% to $13 million from $10.8 million, while net income grew by 53% to $1.4 million compared to $1 million a year earlier [2] - Adjusted EBITDA improved by 39% to $2.2 million from $1.6 million in the same period last year, reflecting the company's expanding recurring, fee-based revenue streams and disciplined cost structure [2] Business Metrics - Recurring, fee-based revenues from property management and operating subsidiaries surged by 42%, driven by a 124% increase in third-party revenue from the ParkX parking management business [3] - ParkX reported a 55% year-over-year revenue gain and expanded its service portfolio, positioning it for further growth in 2025 and beyond [3] - Comstock's managed portfolio expanded to 82 assets from 69 a year earlier, with a stabilized commercial portfolio 93% leased and a residential portfolio 97% leased [3] - Average in-place rents for residential assets increased by 3% over the previous year [3] Leasing Activity - Solid leasing momentum was observed, with seven commercial leases totaling 33,000 square feet signed in the quarter and 118,000 square feet leased year-to-date [4] - On the residential side, 296 units were leased year-to-date, indicating healthy demand across asset classes [4] Management Commentary - Chairman and CEO Christopher Clemente highlighted the company's double-digit growth in all major financial metrics, emphasizing the effectiveness of its strategic plan and low-risk, high-reward business model [5] - The company maintains a debt-free balance sheet and generated over $2 million in operating cash during the quarter [5] - The appeal of Comstock's high-quality, mixed-use, transit-oriented properties in the Washington, D.C. area is benefiting from growing return-to-office mandates [5] Factors Influencing Performance - The significant increase in recurring fee-based revenue was a primary driver of earnings gains, with strong growth from ParkX and supplemental asset management fees contributing to higher Adjusted EBITDA [6] - High leasing activity across commercial and residential portfolios, along with steady rent growth and expansion of service offerings, further supported the company's financial performance [6] Future Guidance - The company outlined key operational milestones for the remainder of 2025, including the delivery of Phase II of Reston Station — The Row, featuring high-profile assets such as a JW Marriott luxury hotel and condominiums [7] - Ongoing advanced lease negotiations for office buildings and strong pre-sales for condominiums (approximately $78 million) and hotel event space (around $1.7 million) are anticipated ahead of their respective deliveries in late 2025 [7] Development Highlights - The Row at Reston Station is recognized as the largest privately funded development in the Washington, D.C. region, representing a major milestone for Comstock [8] - The project will introduce diverse offerings, including high-demand office space, upscale dining establishments, and two ParkX-managed parking garages with over 2,600 spaces [9]

Core Viewpoint - Comstock Inc. has announced a public offering of 13,333,334 shares at $2.25 per share, aiming to raise approximately $30 million to fund its solar panel recycling facilities and other development initiatives [1][2]. Group 1: Offering Details - The offering consists of 13,333,334 shares priced at $2.25 each, with gross proceeds expected to be around $30 million before expenses [1]. - The company has granted the underwriter a 30-day option to purchase an additional 2,000,000 shares to cover over-allotments [3]. - The offering is expected to close on August 14, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - Net proceeds from the offering will be used for capital expenditures related to the commercialization of the first industry-scale facility for Comstock Metals, development expenses, and general corporate purposes, including debt repayment [2][7]. - The company aims to fully fund its commercialization efforts for its solar panel recycling facilities, each capable of recycling over 3 million panels annually [1]. Group 3: Company Positioning - Comstock has eliminated all outstanding debt and expects to have approximately $45 million in cash on hand, establishing a strong foundation for growth [2][7]. - The company believes its solar panel recycling business is well-positioned to accelerate the commercialization of its technologies and recycling facilities [2]. Group 4: Company Overview - Comstock Inc. focuses on innovating and commercializing technologies that support clean energy systems by extracting and converting under-utilized natural resources into reusable electrification metals from end-of-life photovoltaics [6].

Group 1 - Comstock Inc. has initiated an underwritten public offering for the sale of its common stock, with a potential 30-day option for the underwriter to purchase an additional 15% of the shares offered [1][2] - The net proceeds from the offering will be utilized for capital expenditures related to the commercialization of its first industry-scale facility for Comstock Metals, development expenses, and general corporate purposes, including paying off existing debt [1] - The offering is being conducted under an effective shelf registration statement previously filed with the SEC, and interested investors are encouraged to review the preliminary and final prospectus supplements for detailed information [3] Group 2 - Comstock Inc. focuses on innovating and commercializing technologies that support clean energy systems by extracting and converting under-utilized natural resources into reusable electrification metals, such as silver, aluminum, and copper [5] - The company aims to enhance its operational capabilities and financial position through this public offering, which is subject to market conditions [1][3]

Group 1 - Comstock Inc. is transitioning from traditional mining to clean energy, focusing on lithium-ion battery recycling and biofuel production [1] - The company aims to capitalize on the growing demand for clean energy solutions in the post-COVID era [1] - The analyst has experience in evaluating various companies across multiple industries, enhancing the ability to identify investment opportunities [1]

Group 1 - Comstock Resources (NYSE: CRK) has lowered its production guidance for 2025 by approximately 6% while maintaining its capital expenditure budget unchanged [2] - This adjustment in production guidance could lead to a projected cash burn of close to $150 million for the full year [2] Group 2 - The article mentions the expertise of Aaron Chow, who has over 15 years of analytical experience and is recognized as a top-rated analyst on TipRanks [3] - Aaron Chow co-founded a mobile gaming company that was acquired by PENN Entertainment and has designed in-game economic models for mobile apps with over 30 million combined installs [3]

Group 1 - Comstock Resources (CRK) has recently provided positive news for investors, although there are concerns that may have impacted its stock price performance [2] - The company is influenced by a controlling shareholder, Jerry Jones, which may affect its strategic decisions and market perception [2] - The oil and gas industry is characterized as a boom-bust, cyclical sector, requiring patience and experience for successful investment [2] Group 2 - The analysis of oil and gas companies focuses on identifying undervalued entities within the sector, examining balance sheets, competitive positions, and development prospects [1]

Core Insights - Comstock Inc. will host a webinar on August 14, 2025, at 4:30 PM ET to discuss recent financial results and business updates [1][2] - The webinar will include a Q&A session for investors and interested parties [2] - Comstock Inc. focuses on clean energy technologies, extracting and converting under-utilized natural resources into reusable electrification metals [3] Company Overview - Comstock Inc. is listed on NYSE under the ticker LODE [3] - The company specializes in the commercialization of technologies that support clean energy systems [3] - Key products include silver, aluminum, copper, and other critical minerals sourced from end-of-life photovoltaics [3] Communication Strategy - Comstock Inc. utilizes its investor relations website and social media platforms for disclosing material non-public information [4]