Comstock
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Comstock (LODE) investor relations material

Comstock Status update summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Status update summary3 Feb, 2026

Financial position and capital raise

  • Raised $50 million in an upsized equity offering, netting $46.5 million after fees, resulting in over $60 million cash on hand.

  • Fully funded for the first facility, eliminated all debt and non-debt obligations, and increased shares outstanding to 71.7 million.

  • Strong participation from existing institutional investors, with 65%-70% reinvesting.

Operational progress and facility expansion

  • All permits received for the first large-scale solar panel recycling facility in Nevada, with commissioning and operations on schedule for Q1 and Q2.

  • Facility #2 site identified near Las Vegas, with permits to be filed and equipment ordered imminently.

  • Plans to secure and prepare additional sites (up to seven) across key U.S. regions, focusing on rapid scaling.

Business model and market position

  • Offers a zero landfill, fully compliant recycling solution, processing all panel types and recovering all materials.

  • Achieved $3.51 million in billings for 2024, exceeding guidance, with profitability at 20% utilization.

  • Master service agreements in place with major utilities nationwide, providing a robust and growing customer pipeline.

What drives accelerated facility expansion?
Assess domestic refining solution's impact.
Update on non-core asset monetization plans.
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Q4 20252 Mar, 2026
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Frequently asked questions

Comstock Inc. is a diversified technology and resource company focused on sustainable innovation in areas such as renewable energy, mining, and environmental remediation. The company is involved in developing technologies for carbon capture, clean energy production, and extracting metals through environmentally friendly processes. Comstock's initiatives aim to drive sustainable solutions for industries including mining and renewable resources. The company is headquartered in Virginia City, Nevada, and its shares are listed on the NYSE American.

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