Comstock(NYSEMKT) LODE

Comstock Inc. turns used solar panels into recycled metals. It also creates clean fuel from plants and wood waste. These systems help industrial customers recycle waste and lower emissions.

Giving Solar Panels New Life

• Metals Segment: Recycles end-of-life solar panels to recover aluminum, copper, and glass; generated $0.6 million in revenue during the six-month period ended June 30, 2026.
• Fuels Segment: Develops renewable energy solutions like cellulosic ethanol and sustainable aviation fuel through its Bioleum division.
• Strategic Investments: Holds equity in Green Li-ion for battery material recycling and real estate through the Sierra Springs Opportunity Fund.
• Mining Segment: Manages legacy gold and silver assets in Nevada that are currently being sold to fund clean energy operations.

Strategic Pivot to Clean Tech

• Agreed to sell its legacy mining and real estate assets to Mackay for up to $37 million in June 2026.
• Acquired Hexas Biomass and RenFuel intellectual property in Dec. 2025 to secure proprietary fuel feedstocks.
• Commenced installation of its first industry-scale solar recycling facility in Nevada during the first half of 2026.
• Raised $56.9 million through a public stock offering in early 2026 to fund its transition to clean technology.

How Comstock Stays Different

The company uses a zero-waste recycling process that recovers valuable materials without sending any waste to landfills. Its Bioleum division utilizes proprietary energy crops called XanoGrass to produce renewable fuels with high yields and low carbon impact.

A Look at the Numbers

• Revenue was $586,280 for the six-month period ended June 30, 2026, compared to $1.1 million in the same period of 2025.
• Net loss attributable to the company reached $34.9 million during the six-month period ended June 30, 2026.
• The company recognized a loss on impairment of intangible assets totaling $13.6 million in the first half of 2026.
• Cash balances were $31.4 million as of June 30, 2026, up from $17 million at the end of 2025.
• The company had a market capitalization of $315.4 million as of the second quarter of 2026.

Bottom Line

Comstock is transforming from a traditional mining company into a developer of clean energy and recycling technologies. Its shift toward a circular economy model focuses on extracting value from waste and under-utilized natural resources.