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Comstock Metals Awarded Tax Abatement From the Nevada Governor's Office of Economic Development
Globenewswire· 2026-02-09 11:15
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 Metals Expands Recycling Network – Launches End-of-Life Solar Facility in Ohio
Globenewswire· 2026-01-15 11:15
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].
Comstock Metals Completes All Permits for First of Its Kind Recycling Facility
Globenewswire· 2026-01-09 11:30
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]
Comstock Metals Receives Final Air Quality Permit For Its First-Of-A-Kind, Industrial Scale Solar Panel Processing Facility
Globenewswire· 2026-01-07 11:30
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].
Comstock Metals Receives Notification of Eligibility For Final Permit
Globenewswire· 2025-11-24 11:15
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].
Comstock Metals Receives Solar Panel Processing Industrial Scale Written Determination
Globenewswire· 2025-11-05 11:15
Core Insights - Comstock Inc. and Comstock Metals LLC have received a Written Determination Permit from the Nevada Division of Environmental Protection for processing waste solar panels, which is crucial for their industry-scale materials recovery facility in Silver Springs, NV [1][2][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][3] - The company is positioned to lead in the solar panel recycling market, particularly in the southwestern U.S., where a significant number of solar panels are being decommissioned [3][5] Regulatory Approvals - The company anticipates receiving an Air Quality control permit in the coming weeks, which will complete the necessary regulatory approvals for the facility [2] - The timely approval of the Written Determination Permit aligns with the company's schedule for commissioning the facility [1][3] Market Position and Strategy - Comstock Metals aims to establish a leading position in the solar recycling market, addressing the increasing demand for environmentally responsible end-of-life solutions as decommissioning of solar panels accelerates [3][5] - The company is actively assessing additional sites for expansion and increased storage capabilities to capitalize on the growing market for end-of-life solar panels [5] Operational Readiness - The facility is already receiving waste panels and is preparing for commissioning activities, indicating strong demand and operational readiness [4] - All necessary equipment has been ordered, with expected deliveries by year-end, allowing for installation and testing to begin in the first quarter of 2026 [2]