Comstock Plans Two Nevada Recycling Facilities, Expects $50M Mining Asset Sale

LODELODE

Comstock plans to deploy five solar panel recycling facilities by 2030, beginning with two facilities in Nevada and a one-ton-per-day demonstration refinery. The company expects approximately $50 million from mining asset sales, with initial cash up front, to fund its zero-landfill renewable metal recycling rollout.

1. Transformation into Zero-Landfill Metal Recycling

Since 2021, Comstock has transitioned from traditional hard-rock mining into a certified, zero-landfill renewable metals solutions provider. The company’s proprietary recycling process has proven performance on all solar panel types at demonstration scale, and it has secured permits, industry-scale equipment and major customer contracts to commercialize clean aluminum, silver, copper and glass production.

2. 2026-2030 Facility Deployment and Expansion Plans

Comstock aims to capture leading market share by deploying at least five solar panel recycling plants by 2030, starting with two facilities in Nevada in 2026 and a one-ton-per-day demonstration refinery. It also plans to integrate storage and transfer sites in California, Nevada and Ohio, with international expansion to follow once domestic capacity is operational.

3. Asset Monetization and Capital Redeployment Strategy

The company is in advanced discussions to sell its legacy mining assets for approximately $50 million, with meaningful cash expected up front this year and additional payments thereafter. Proceeds will be redeployed into scaling its renewable metal recycling platform, while it also evaluates monetizing its Sierra Springs real estate holdings to further enhance stakeholder value.

Sources

F