Comstock Metals Completes Commissioning of First Facility

Records Initial Revenues Demonstrating Strong Market Demand

VIRGINIA CITY, Nev., April 25, 2024 (GLOBE NEWSWIRE) -- Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced that Comstock Metals completed the critical commissioning stages of its demonstration-scale production facility in Silver Springs, Nevada, closing the loop and recycling substantially all the waste materials. Comstock Metals serves utilities, operations and maintenance groups, solar engineers, consultants, contractors, and municipalities across the contiguous U.S., with emphasis in California, Nevada, Arizona, and Texas.

>> In Other News: Envision Energy Explores the Future of Green Hydrogen Fuel Adoption at Singapore Maritime Week APAC

“Comstock Metals crossed the first finish line with a successful commissioning of our first, zero-landfill, closed-loop solar panel recycling facility producing three distinct, renewable products from end-of-life solar panels. Our unit economics are highly attractive with better than expected decontamination and conditioning cycle times,” stated Corrado De Gasperis, the Company’s executive chairman and chief executive officer.

“We protect the environment and eliminate liability incurred from landfilling panels, thus protecting our communities from exposure to volatile organic compounds, contaminants and heavy metals that could otherwise contaminate soil and groundwater,” stated Dr. Fortunato Villamagna. “We ensure a zero-landfill solution by securing reuse of all of our residual materials, including silicas, glass, steel, copper and mineral rich fines.”

Comstock Metals’ facility in Silver Springs, NV, directly receives solar PV panel waste for an up-front tipping fee competitive to current disposal methods. Comstock Metals safely eliminates laminates, plastic and binders and then separates valuable materials in its process for sale and reuse, fulfilling its commitment to a zero-landfill solution.

Mr. De Gasperis concluded, “Comstock Metals’ process is one of the fastest, most efficient, truly sustainable solutions available to recover valuable materials for responsible reuse. These achievements enable more rapid expansions, for storage and production, with 2-3 more facilities planned for Nevada and the southwestern U.S.”

About Comstock

Comstock Inc. (NYSE: LODE) commercializes innovative technologies that contribute to global decarbonization by efficiently converting under-utilized natural resources, primarily, woody biomass into net zero renewable fuels, end-of-life metal extraction, and generative AI-enabled advanced materials synthesis and mineral discovery. To learn more, please visit www.comstock.inc.