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]