Thursday, December 21, 2023 1:26:22 PM
December 21 2023 - 06:00AM
Alert
Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”), an innovator of technologies that enables systemic decarbonization by efficiently converting under-utilized natural resources into renewable energy products, announced today that it has secured sufficient supplier commitments to begin commissioning the Company’s first photovoltaic recycling facility upon receipt of the necessary permits.
The world remains focused on the production of energy generation and storage technologies to reduce reliance on fossil fuels, and especially photovoltaics. The substantial majority of solar panels have been deployed in the southwest region of United States, primarily California, Nevada, and Arizona with a remarkable acceleration of the decommissioning of these end-of-life solar panels occurring now.
“A critical 2023 objective was securing revenue-generating orders for recycling decommissioned solar panels in our first facility,” stated Corrado De Gasperis, Comstock’s Executive Chairman and Chief Executive Officer. “The associated clients are ready to begin supplying decommissioned panels to our demonstration-scale facility on a continuous basis. Our technology and renewable solutions provide a superior alternative to landfilling these polluting materials.”
Comstock Metals is currently deploying a demonstration system that commercializes technologies for efficiently crushing, conditioning, extracting, and ultimately recycling metal and mineral concentrates from photovoltaics and other electronic devices. Comstock Metals previously received a storage permit and expects to receive the remaining permits (e.g., air quality and solid waste) shortly to commence receiving, commissioning and then processing these end-of-life panels as scheduled in early 2024.
“We represent a safe, zero-landfill, end-of-life solution for solar installers, landfills, and utility-scale solar developers and generators, serving the entire Southwestern US and beyond,” said Dr. Fortunato Villamagna, President of Comstock Metals. “Large volumes of end-of-life photovoltaic materials are rapidly becoming available from large solar fields, effectively creating an environmental dilemma for our ecosystem. Comstock’s solution ensures the safe deconstruction, decontamination, separation, and productive reuse of important and precious metals contained in end-of-life photovoltaic materials.”
Comstock Metals objectives for 2024 include receiving the final permits early in the new year, completing commissioning of photovoltaic material recycling, commencing production, expanding our existing revenue generating supply commitments, and then finalizing the design and site selection for our first “industry-scale” production facility.
“We have rapidly taken a leadership position in this huge, readily available, and rapidly growing photovoltaic market,” concluded De Gasperis. “We have secured more than sufficient supply for our demonstration facility, and we are already negotiating agreements with major customers for industry-scale supply agreements. This will accelerate efforts for our first industry-scale facility.”
Comstock’s Q4 2023 Perception Analysis Report
Comstock’s investor relations firm, RB Milestone Group LLC (“RBMG”), is compiling results from an investor survey that stakeholders have begun to participate in following the Company’s Q3 earnings call on October 26th. Comstock and the RBMG team would appreciate your contribution as it will help further define the trends across the Company’s strengths, weaknesses and milestones. Surveying will conclude at the end of the quarter and the Q4 report will be published shortly thereafter. Investors can participate in the Q4 survey at the following link: www.comstock.inc/investors
About Comstock Inc.
Comstock (NYSE: LODE) commercializes technologies that enable systemic decarbonization and accelerate the energy transition by efficiently converting under-utilized natural resources into renewable energy products, and by leveraging physics based artificial intelligence for more efficient and effective mineral and materials discovery. To learn more, please visit www.comstock.inc.
About Comstock Metals
Comstock Metals specializes in zero-landfill waste, cost-effective, thermal end-of-life solar solutions. Comstock Metals is a wholly owned subsidiary of Comstock Inc. To learn more, please visit www.comstockmetals.com.
Recent LODE News
- Comstock Announces First Quarter 2024 Results and Corporate Updates • GlobeNewswire Inc. • 04/30/2024 10:00:00 AM
- Comstock’s Physics-Based AI Investment Emerges From Stealth • GlobeNewswire Inc. • 04/29/2024 10:00:00 AM
- Comstock Metals Welcomes U.S. Senator Catherine Cortez Masto • GlobeNewswire Inc. • 04/26/2024 10:00:00 AM
- Comstock Metals Completes Commissioning of First Facility • GlobeNewswire Inc. • 04/25/2024 10:00:00 AM
- Comstock Extends Existing Promissory Notes Through April 2026 • GlobeNewswire Inc. • 04/24/2024 08:15:00 PM
- Comstock Completes RenFuel Investment • GlobeNewswire Inc. • 04/24/2024 10:00:00 AM
- Comstock to Host 1Q24 Earnings Call on April 30, 2024 • GlobeNewswire Inc. • 04/19/2024 08:41:03 PM
- Comstock Publishes its 1Q24 Stakeholder Perception Analysis Report • GlobeNewswire Inc. • 04/03/2024 09:36:39 PM
- Comstock Announces 2024 Annual Meeting and Record Date • GlobeNewswire Inc. • 03/27/2024 08:15:00 PM
- Comstock Announces Full Year 2023 Results • GlobeNewswire Inc. • 02/28/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/14/2024 09:38:38 PM
- Comstock Metals Receives Solar Panel Processing Permit • GlobeNewswire Inc. • 02/14/2024 11:00:00 AM
- Comstock to Host Uplode 24: Convergence and YE 2023 Earnings and Business Update February 28, 2024 • GlobeNewswire Inc. • 02/08/2024 11:00:00 AM
- Battery & Precious Metals Virtual Investor Conference: Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 02/02/2024 01:35:00 PM
- Comstock Inc. to Present at the Battery & Precious Metals Virtual Investor Conference on January 30, 2024 • GlobeNewswire Inc. • 01/29/2024 11:00:00 AM
- Comstock Metals Receives Air Quality Permit from the State of Nevada • GlobeNewswire Inc. • 01/10/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/08/2024 09:26:11 PM
- Comstock Acquires and Retires Over 2.6 Million Common Shares • GlobeNewswire Inc. • 01/08/2024 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 10:22:11 PM
- Comstock Inc. Publishes its 4Q23 Stakeholder Perception Analysis Report • GlobeNewswire Inc. • 01/03/2024 10:20:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/29/2023 09:28:45 PM
- Comstock Executes First Biorefinery Commercial Agreement • GlobeNewswire Inc. • 12/28/2023 11:00:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/27/2023 09:44:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/27/2023 09:37:16 PM
- Form D - Notice of Exempt Offering of Securities • Edgar (US Regulatory) • 12/27/2023 09:35:03 PM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
Avant Technologies to Implement AI-Empowered, Zero Trust Architecture in Its Data Centers • AVAI • Apr 29, 2024 8:00 AM
Bantec Reports an Over 50 Percent Increase in Sales and Profits in Q1 2024 from Q1 2023 • BANT • Apr 25, 2024 10:00 AM
Cannabix's Breath Logix Alcohol Device Delivers Positive Impact to Private Monitoring Agency in Montana, USA • BLO • Apr 25, 2024 8:52 AM