Radius Recycling to be Acquired by Toyota Tsusho Accelerating Investment in Future Growth March 13, 2025 1 The foregoing contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. These statements often contain words such as "outlook," "target," "aim," "believes," "expects," "anticipates," "intends," "assumes," "estimates," "evaluates," "may," "will," "should," "co ...

原矿石是一切金属提取的最初来源，即使经过初步开采，其中可能仍有大量未被完全提取的金属。而矿渣，是矿石提炼金属后剩下的固体废弃物，以往，很 多矿渣被随意堆放，不仅占用大量土地，还可能造成土壤、水源污染。但实际上，现代选矿技术能够从矿渣中再次提取有价值的金属。比如，一些铜矿石经 过初步冶炼后剩下的矿渣，仍可能含有少量铜元素，通过先进的浮选、磁选等工艺，就能将这些"漏网之鱼"重新提取出来，实现资源的二次利用。 选矿粉是在矿石选矿过程中产生的粉状物料，它同样是一座"小宝藏"。以铅锌选矿粉为例，里面的铅和锌都是重要的工业金属，铅可用于制造蓄电池、电缆 护套等，锌则广泛应用于镀锌、合金制造等领域。通过专业的提炼技术，能将选矿粉中的铅锌分离并提纯，让它们重新回到工业生产的循环中。 回收这些含金属的物料，好处多多。从经济角度看，能降低企业获取金属原材料的成本，提高经济效益。从环保角度来说，减少了因开采新矿石对环境造成 的破坏，避免了矿渣等废弃物对生态的污染。而且，金属的回收再利用，相比从矿石中提炼金属，消耗的能源更少，符合可持续发展的理念。 这些"废料"别乱丢！回收再用价值高 所以，如果您手中有含金银铜铅锌镍锡的原矿石、矿渣 ...

Financial Data and Key Metrics Changes - The company reported a significant increase in R&D expenses, which rose by $2,400,000 in Q1 compared to the prior year, primarily due to collaborations with the National Renewable Energy Lab (NREL) and the acquisition of the Madison facility [10][11][12] - Revenue from Comstock Metals soared to GBP 1,340,000 in Q1, a nearly fourfold increase from just over GBP 350,000 in the previous quarter [21][22] - The company expects to increase its revenue guidance for Metals from $2,500,000 to over $3,000,000 due to strong performance and market demand [22] Business Line Data and Key Metrics Changes - Comstock Fuels and Comstock Metals are both experiencing rapid growth, with significant capital attracted from sophisticated industry partners [6][7] - The integration of the Wausau and Madison facilities allows for the production of up to two barrels of fuel per week, enhancing operational capabilities [32][41] - The company has established a master services agreement with RWE Clean Energy for recycling and decommissioning solar installations, which is expected to drive future revenue [21][30] Market Data and Key Metrics Changes - The company is positioned to capitalize on the growing demand for clean sustainable energy, with increasing interest from long-term equity investors [17][72] - The market for recycling solar panels is expanding, with the company currently processing a small fraction of the total end-of-life panels expected in the coming years [23][24] - The company is the only R2 certified recycler in North America, which enhances its competitive position in the market [25][31] Company Strategy and Development Direction - The strategic focus is on spinning out Comstock Fuels as a separate entity, with plans for a public offering and significant funding through Series A [39][47] - The company aims to deliver 200,000,000 barrels a year by 2035, leveraging high-yielding energy crops and advanced processing technologies [39][40] - The integration of innovative technologies and partnerships is a key part of the company's strategy to enhance operational efficiency and market reach [12][35] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the macroeconomic conditions for mining and renewable energy, noting a resurgence in interest and investment in junior mining companies [45][52] - The company is actively evaluating options for monetizing its mining assets, with significant inbound inquiries from potential partners and investors [51][68] - The outlook for both fuels and metals remains strong, with expectations for robust cash margins and revenue growth as operations scale up [29][39] Other Important Information - The company has successfully eliminated significant cash obligations through strategic settlements, resulting in a financial gain recorded in Q1 [9][10] - A new Director of Aviation for Comstock Fuels has been appointed to lead sustainable aviation fuel initiatives, enhancing the company's capabilities in this area [12][13] - The company is focused on building a strong base of capital to support its growth objectives, with a significant increase in authorized shares to facilitate this [8][17] Q&A Session Summary Question: What is the plan and timetable for restarting or monetizing mining assets? - Management noted a bullish outlook on gold prices and significant inbound inquiries regarding mining assets, indicating a potential for monetization as market conditions improve [50][52] Question: Can you clarify the projected timeline for the expansion of the metals business? - The company expects to receive permits for storage expansion in Q2, with financing and equipment orders planned for Q3, aiming for industry-scale production and revenue by Q2 of the following year [55][57] Question: How will the growth of other businesses be funded while limiting dilution? - Management confirmed plans to engage sophisticated banks for funding, with a focus on maintaining equity value and minimizing dilution as the company progresses towards cash flow generation [66][70]

Core Insights - Comstock Inc. reported significant growth in its metals recycling and renewable fuels sectors, with a focus on sustainable practices and strategic partnerships [1][10][30] Metals Recycling - Comstock Metals achieved billings of $1.34 million in Q1 2025, a substantial increase from $0.2 million in Q4 2024, with $0.6 million deferred [6] - The company has processed over 4 million pounds of end-of-life solar materials and operates under the R2v3/RIOS Responsible Recycling Standard, ensuring a zero-landfill solution [4][6] - Plans are in place to expand operations with three industry-scale recycling facilities, initially targeting 50,000 tons of annual capacity, with potential to double that [21][24] Renewable Fuels - Comstock Fuels aims to produce 200 million barrels (approximately 8 billion gallons) of biofuel annually by 2035, utilizing waste and energy crops [8] - The company has secured a $152 million allocation of Qualified Private Activity Bonds and closed a strategic Series A investment from Marathon Petroleum Corp. [7] - Comstock Fuels is developing a commercial demonstration facility and pursuing joint development agreements, which could generate significant future revenues [25][26] Mining Operations - Comstock Mining is positioned to capitalize on rising silver demand and has plans to monetize legacy real estate and non-strategic investments for over $50 million [10][22] - The company has developed actionable plans to expand and upgrade its mineral resources, particularly in the Dayton area, in response to higher gold prices [14][29] - A focus on integrating renewable fuels with mining operations is expected to enhance overall growth and operational efficiency [27][30] Corporate Strategy - The company plans to separate its Fuels and Metals divisions to better unlock value and enhance growth potential in both sectors [12][20] - Comstock aims to maximize production and revenue from its demonstration facility while securing funding for scaling operations [24][23] - The corporate objectives for 2025 include advancing R&D efforts to improve material recovery and securing additional financing for growth initiatives [24][26]

Sibanye Stillwater (SBSW) H2 2024 Earnings Call February 21, 2025 02:00 AM ET Company Participants Neal Froneman - Outgoing CEORichard Stewart - CEO Designate and Chief Regional OfficerCharles Carter - Chief Regional Officer of AmericasGrant Stuart - Head of Recycling and Global OperationsMika Seitovirta - Chief Regional Officer - EuropeRobert van Niekerk - Chief Technical & Innovation OfficerCharl Keyter - CFO & Executive DirectorJames Wellsted - Executive Vice President of Investor Relations & Corporate A ...