Core Viewpoint - One and one Green Technologies, INC has successfully completed its initial public offering, raising $10 million, with potential additional proceeds of $1.5 million if the over-allotment option is fully exercised [1][2]. Company Overview - One and one Green Technologies, INC is a waste materials and scrap metal recycling company based in the Philippines, operating through its subsidiaries Yoda Metal and Craft Trading and Services Corp. and DL Metal Corporation [6]. - The company holds a government-issued license to import hazardous waste as raw materials and has an annual processing capacity of approximately 300,000 tons [7]. Financial Details - The initial public offering consisted of 2,000,000 Class A ordinary shares priced at $5.00 each, with gross proceeds of $10 million before expenses [1]. - If the underwriters exercise their 30-day option to purchase an additional 300,000 shares, total gross proceeds could reach $11.5 million [2]. Offering Process - The offering was conducted on a firm commitment basis, with Cathay Securities, Inc. serving as the sole underwriter [3]. - A registration statement related to the offering was filed with the U.S. Securities and Exchange Commission and became effective on September 29, 2025 [4]. Environmental Commitment - The company has developed environmentally friendly technologies, including an exhaust gas recirculation system that enhances efficiency and reduces contamination [8]. - One and one aims to expand its sourcing of raw materials from Japan and South Korea and increase its market presence in Southeast Asia and other international markets [8].

Financial Data and Key Metrics Changes - Company revenues grew in 2024 to $3 million from $1.3 million in 2023, with $401,000 of that increase related to operations of the solar panel recycling facility [40] - The company reported an overall net loss of $53 million or $3.21 per share for the full year, which included several nonrecurring one-time items [41][42] - Cash flows were robust, with net cash flows over a six-year period from one resource estimated at nearly a quarter of a billion dollars [33] Business Line Data and Key Metrics Changes - Comstock Fuels reported a net loss of $5.3 million, down from a $7.1 million loss in 2023, while Comstock Metals reported a net loss of $3 million, compared to a $1.9 million loss in 2023 [48] - Comstock Mining reported net income of $1.6 million, improving from a $500,000 loss in 2023, driven by increased lease revenue and a gain from the sale of mining assets [49] Market Data and Key Metrics Changes - The company secured customers throughout the Southwest region and beyond, including Florida, Pennsylvania, New Jersey, and Alberta, Canada [8] - The first commercial demonstration facility for Comstock Metals has been operating for nearly a year, with intake revenues slightly above expectations at over $500 per ton [67] Company Strategy and Development Direction - The company aims to maximize three shifts at its demonstration facility and secure project-level funding for scaling operations [75] - Comstock is focused on building a sustainable global biofuel system and plans to close on a series A funding round by Q2 2025 [77][80] - The company intends to invest $1 to $2 million in 2025 to upgrade and expand its existing Dayton consolidated resource [59] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the potential for generative AI to drive innovation in material science, with direct applications to Comstock Fuels and Comstock Metals [42] - The company anticipates significant revenue growth in 2025, with expectations of billings growing to over $2.5 million for the full year [58] - Management highlighted the importance of strategic partnerships and project-level financing to support growth and reduce cash demands on Comstock [57] Other Important Information - The company completed a one-for-ten reverse stock split, with 24,238,453 shares outstanding [39] - A $152 million allocation of qualified private activity bonds from Oklahoma state treasurer was secured, which is a significant and rare allocation [20] Q&A Session Summary Question: How will the rapid growth plan for fuels be possible from a human capacity and capital perspective? - Management indicated that they have the feedstock capacity to meet the US mandate and are utilizing project-level financing to attract capital [106][110] Question: Is there any contingency regarding capital that Comstock needs to provide for each of these projects? - Management clarified that the international licenses would generate significant revenues from engineering fees and royalties without requiring upfront capital from Comstock [120][122] Question: Are there plans for growth opportunities abroad, such as in Australia? - Management confirmed that while the focus has been on the Southwest US, there is interest from multiple continents for international joint ventures due to the efficiency and scalability of their technology [134]