VIRGINIA CITY, Nev., Feb. 11, 2026 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” or the “Company”) and its subsidiary, Comstock Metals LLC (“Comstock Metals”), a leader in the responsible recycling of end-of-life solar panels and the only certified, zero-landfill solar recycling solution in North America, today announced that Executive Chairman and Chief Executive Officer Corrado De Gasperis was featured on the Water Tower Research Small-Cap Spotlight Podcast. The Small-Cap Spotlight Podcast ex ...

Core Insights - Comstock Inc. and its subsidiary Comstock Metals have received approximately $900,000 in tax abatements from the Nevada Governor's Office of Economic Development for their solar panel recycling facility [2][3] - The facility is set to begin production in Q2 2026, with an initial capacity to recycle about 3.3 million solar panels or 100,000 tons of material annually [2] - The operation is expected to create at least 43 jobs and generate over $12 million in capital investments within the first year [3] Company Overview - Comstock Inc. focuses on innovating and commercializing technologies for clean energy systems, particularly through the recycling of end-of-life solar panels to extract reusable metals [5] - The company aims to establish itself as a leader in the domestic supply chain for critical metals, including silver, copper, and silicon, through its recycling processes [4]

Comstock Inc. Business Update Webinar Summary Company Overview - **Company**: Comstock Inc. - **Industry**: Solar panel recycling and critical metals refining Key Points and Arguments Financial Performance and Capital Raising - Comstock raised $50 million in an equity offering, initially targeting $30 million, due to overwhelming demand from institutional investors, achieving a 5x oversubscription [3][5] - The net proceeds after fees were $46.5 million, increasing the cash position to over $60 million [5][6] - The offering fully funded the first facility and eliminated all debt obligations, resulting in a stronger balance sheet with zero debt [6] Facility Development and Permits - Comstock received all necessary permits from the Nevada Department of Environmental Protection for facility number one and is preparing to file for facility number two [2][3] - Plans include ordering equipment for facility number two and accelerating site selections for additional facilities [4][25] - The first facility is on schedule to be operational in Q2 of the current year, with a focus on a zero landfill solution [11][17] Market Dynamics and Customer Engagement - The company has secured master service agreements with major solar utility companies across the U.S., facilitating customer engagement and service delivery [42][43] - There is a growing demand for solar panel recycling as customers face end-of-life issues with panels deployed over 20 years ago [39][40] - Comstock is positioned to handle large volumes of panels, with a current backlog of 6,000 tons of material waiting to be processed [41] Economic Outlook and Metal Prices - The company anticipates significant revenue from recycling operations, projecting billings to increase from $500,000 in 2024 to over $3.5 million, with actual billings reaching $3.51 million [10] - Current silver prices have surged to $85 per ounce, significantly enhancing the economic viability of the recycling operations [12][28] - The company expects to generate substantial profits from the recovery of metals, with projections indicating potential revenues of $60 million annually from a single facility [20][29] Competitive Advantage and Market Position - Comstock claims to be two years ahead of competitors in securing permits and establishing operational capabilities in the solar recycling market [17] - The company emphasizes its unique zero landfill solution, which differentiates it from competitors and aligns with regulatory compliance [16][17] - The market for end-of-life solar panels is expected to grow significantly, with projections of 33 million panels reaching end-of-life by 2030 in the U.S. alone [20][21] Future Plans and Strategic Focus - Comstock aims to expand its facility network across the U.S., with plans for additional sites in Nevada, Ohio, and California [25][52] - The company is exploring international opportunities but remains focused on dominating the U.S. market first [54][55] - There are ongoing discussions regarding refining solutions to maximize the recovery of critical metals, which could further enhance profitability [28][29][63] Management and Governance - The management team, including directors, is committed to increasing their ownership in the company, reflecting confidence in its future prospects [73] Additional Important Information - The company is actively working on refining processes to recover metals from solar panel waste, utilizing established technologies to ensure efficiency and compliance [60][62] - Comstock has integrated recent acquisitions, such as RenFuel and Hexis, into its business strategy, enhancing its technological capabilities [65][66] This summary encapsulates the key points discussed during the Comstock Inc. Business Update Webinar, highlighting the company's financial health, operational plans, market dynamics, and strategic focus in the solar recycling industry.

Core Viewpoint - Comstock Inc. has announced a public offering of 18,181,819 shares of common stock, aiming to raise approximately $50 million to fund its growth initiatives in the recycling and refining of metals from end-of-life solar panels [1][2]. Group 1: Offering Details - The offering consists entirely of shares sold by Comstock, with gross proceeds expected to be around $50 million before expenses [1]. - The underwriter has a 30-day option to purchase an additional 2,727,272 shares to cover over-allotments at the public offering price [1]. - The offering is led by existing shareholders and new institutional investors [1]. Group 2: Use of Proceeds - The net proceeds will be used for capital expenditures related to Comstock Metals LLC's second industry-scale facility, development of refining processes, site selections, and growth in the metals market [2]. - Any remaining funds will be allocated for general corporate purposes [2]. Group 3: Market Context - The company is experiencing strong momentum in the end-of-life solar panel market, with increasing demand for its recycling and refining solutions, particularly for silver and other critical metals [2]. - This capital infusion is expected to enhance the company's ability to scale its operations and execute its growth strategy [2]. Group 4: Company Overview - Comstock Inc. focuses on innovating and commercializing technologies that support clean energy systems by efficiently extracting and converting under-utilized natural resources into reusable metals [6].

Core Viewpoint - Comstock Inc. and its subsidiary Comstock Metals have secured a new site in Ohio for expanding their solar panel recycling operations, enhancing their national recycling network and addressing the growing demand for environmentally responsible end-of-life solutions for solar panels [1][2][3]. Group 1: Company Developments - Comstock Metals has established a new facility in central Ohio, which will serve as a hub for the collection, preparation, storage, and aggregation of decommissioned photovoltaic solar panels [2][3]. - The Ohio site is strategically located to support solar manufacturers, developers, utilities, and other stakeholders in managing retired solar panels, allowing for the recovery and repurposing of valuable materials such as aluminum, silver, copper, and gallium [3][4]. - The company is also in the process of finalizing permit applications for a second integrated facility in Nevada, with plans for location selection later this year [4]. Group 2: Industry Context - The demand for compliant and environmentally responsible end-of-life solutions for solar panels is increasing as solar deployment expands across Ohio and neighboring states [3]. - Comstock's zero-landfill recycling solution aims to reduce landfill waste and conserve natural resources, supporting the long-term sustainability of the solar industry [4][5]. - The company emphasizes its commitment to scaling operations responsibly to meet the anticipated growth in the volume of end-of-life solar panels, which is expected to reach tens and hundreds of millions across the country [5].

Core Insights - Comstock Inc. and Comstock Metals LLC have established a California facility to support the recycling of end-of-life solar panels, marking a significant step in the company's commitment to sustainable practices in the solar industry [1][2]. Company Developments - The new facility is located in California's Central Valley, which is the largest single U.S. market for solar energy, and serves as a hub for the collection and preparation of decommissioned photovoltaic panels [1][2]. - This facility will enhance logistics and cost optimization for the western U.S. solar market, facilitating compliant interstate transport and recycling of solar panels [3][4]. Industry Context - As solar energy adoption increases in the western United States, the demand for environmentally responsible end-of-life solutions for solar panels is becoming critical [2]. - Comstock Metals aims to reduce landfill disposal and conserve natural resources while supporting the long-term sustainability of the solar industry [4]. Operational Goals - The facility will accept end-of-life solar panels from various sources, ensuring they are prepared for transportation to Comstock's certified recycling facilities in Nevada, where valuable materials can be repurposed [5]. - The company is focused on creating a scalable and efficient network for the decommissioning and recycling of solar panels, addressing the growing volume of end-of-life panels expected in the coming years [6].

Core Insights - Comstock Inc. and Comstock Metals LLC have received the Written Determination Permit from the Nevada Division of Environmental Protection for processing waste solar panels, marking a significant regulatory milestone for their industry-scale materials recovery facility in Silver Springs, NV [1][3] - The facility is designed to process over 3 million solar panels annually, equating to approximately 100,000 tons of waste materials, utilizing advanced technologies for efficient recycling [2][4] - The company aims to establish a leading position in solar panel recycling, addressing the growing demand for environmentally responsible solutions as decommissioning of solar panels accelerates in the U.S. [3][4] Regulatory Approvals - Comstock Metals received an Air Quality control permit on January 5, 2026, completing the necessary regulatory approvals for the facility [2] - The facility's design allows for a continuous production line, ensuring efficient processing of waste materials [2] Industry Positioning - Comstock is positioned to lead the solar recycling market, particularly in the southwestern U.S., where many solar panels are decommissioned [3] - The company emphasizes the importance of creating a scalable and efficient network for the decommissioning and recycling of solar panels, addressing the impending end-of-life panel dilemma [4]

Core Viewpoint - Comstock Inc. has received its Air Quality Permit for processing waste solar panels, enabling the commissioning of its industry-scale materials recovery facility in Silver Springs, Nevada, which is on schedule for completion in the first quarter of 2026 [1][2]. Regulatory Approvals - The Air Quality Permit is complemented by a Written Determination Permit from the Nevada Division of Environmental Protection, which is expected to be finalized soon. Together, these permits represent the complete regulatory approvals needed for the facility [2]. Facility Capacity and Technology - The facility is designed to process over 3 million solar panels annually from a single production line, equating to approximately 100,000 tons of waste materials per year. It will utilize advanced technologies for efficient processing and recycling of metal concentrates from photovoltaics [2]. Equipment and Installation Timeline - Equipment for the facility has been ordered, with deliveries starting in late December and continuing through January. Installation, testing, and commissioning are scheduled to be completed in the first quarter of 2026 [2]. Environmental Impact and Market Position - The facility aims to keep critical materials out of landfills and address the increasing demand for environmentally responsible end-of-life solutions for solar panels, particularly as older panels are decommissioned in the southwestern U.S. [3]. This positions Comstock as a leader in solar recycling, covering over half of the U.S. market for end-of-life panels [3]. Leadership and Strategic Vision - Comstock has established both technological and market leadership in the end-of-life supply chain, with plans for rapid nationwide expansion to address the growing environmental challenge of solar panel waste [4]. The company is focused on creating a platform that meets the strong demand for critical and precious metals [4].

Core Viewpoint - Comstock Inc. and Comstock Metals LLC have been recognized for their exceptional growth and commitment to sustainability in the recycling of end-of-life solar panels, contributing positively to the regional economy of northern Nevada [1][2]. Group 1: Company Achievements - Comstock Metals has received accolades for its innovation, workforce excellence, and community partnerships, which are vital for diversifying the regional economy [1][2]. - The company has been officially recognized by U.S. Senator Catherine Cortez Masto, U.S. Senator Jacky Rosen, and Nevada Governor Joe Lombardo for its leadership and ongoing commitment to the local economy [2]. Group 2: Environmental Impact - Comstock Metals is strategically located in northern Nevada to address the growing issue of end-of-life solar panels, which pose environmental risks if not properly managed [3]. - The company’s recycling solutions aim to repurpose materials from solar panels, preventing hazardous waste from contaminating local ecosystems [3]. Group 3: Company Overview - Comstock Inc. focuses on innovating and commercializing technologies that support clean energy systems by converting under-utilized natural resources into reusable metals, primarily from end-of-life photovoltaics [4].

Core Viewpoint - Comstock Inc. has received eligibility notifications for key environmental permits to establish an industrial-scale solar panel processing facility in Silver Springs, Nevada, which is crucial for the company's plans to recycle end-of-life solar panels and promote sustainable practices in the industry [1][2][3]. Regulatory Approvals - The company has obtained an Air Quality Permit and a Written Determination Permit from the Nevada Division of Environmental Protection, which are essential for the operation of a facility designed to process over 3 million solar panels annually, equating to approximately 100,000 tons of waste materials [2][3]. Facility Operations - The facility will utilize advanced technologies for the efficient processing and recycling of metal concentrates from photovoltaics, with equipment already ordered and expected to be delivered by the end of the year, allowing for installation and testing in early 2026 [2][3]. Market Position - Comstock Metals is positioned as a leader in the solar panel recycling market, particularly in the southwestern U.S., where many older solar panels are being decommissioned, thus increasing the demand for responsible recycling solutions [3][4]. Environmental Impact - The company emphasizes the importance of preventing heavy metal contamination from decommissioned solar panels, aiming to keep these materials out of landfills and avoid offshoring waste management issues [3][4]. Future Expansion - Comstock is strategically assessing additional processing and storage sites to capitalize on the growing demand for end-of-life solar panel recycling, reinforcing its market leadership and setting industry standards [4].