jobynimble
3 days ago
Comstock Metals Secures New and Larger Revenue Contracts
September 17 2024 - 6:00AM
Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) and its subsidiary, Comstock Metals Corporation (“Comstock Metals”), a technology leader in efficiently recycling end-of-life solar panels into reusable aluminum, copper, silver, glass and other minerals, that delivers a 100% closed-loop, zero-landfill solution, today announced over $150,000 in new revenues from one new commercial customer that has engaged Comstock Metals for the decommissioning and disposal of their solar panels.
Comstock Metals strives to recycle materials efficiently and effectively at industrial scales, such that these materials are carefully recovered in a manner whereby they can be recycled and reused over and over again, representing the true definition of circularity, and the process and service that Comstock Metals strives to perfect and offer.
“Our team is capturing more and more business, including decommissioning services that act as a feeder for the zero-landfill and, if needed, full-service solutions we can now provide,” stated Corrado De Gasperis, Executive Chairman and CEO of Comstock Inc. “Our team continues engaging with various local, regional and nationally recognized commercial customers to decommission, transport and process end-of-life solar panels installed at their facilities.”
Comstock Metals currently operates a commercial, demonstration facility in Silver Springs, NV, and recently, in direct response to customer needs, now provides and manages deinstallation services for customers. The Company receives a tipping fee for the receipt and storage of end-of-life solar panels while now also receiving additional fees for decommissioning and transporting the panels. With the recently permitted capacity to store large volumes of solar panels, Comstock Metals is poised to lead the solar panel recycling sector, contributing to the reduction of landfilled electronic waste, recovery and reuse of precious and valuable materials.
“As we expand our market presence, we have increased our relationships, longer term opportunities, and now the expanded services that we can provide to ensure that we keep these materials out of our landfills and eco-systems,” concluded Dr. Villamagna. “This recent project represents our third and largest, new decommissioning in just the past few weeks with six figure revenue, about two-thirds for the high labor component decommissioning work and one third for our advanced recycling services fees.”
Comstock Metals has now received materials from new, local, regional and nationally recognizable customers where the Company coordinated and enabled the decommissioning of the end-of-life panels from their facilities and coordinated the transportation of these panels to the facility in Silver Springs, where the materials will be processed and recycled. This entire segment was in response to demand from the industry, where expertise, resources, and assets are often difficult to provide. Comstock Metals recognized the gap in the market, the opportunity to expand our service offering, and to capitalize on and further strengthen the Company’s business development activities.
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.
Comstock Social Media Policy
Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its Twitter, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
CONTACTS:
For investor inquiries:
RB Milestone Group LLC
Tel (203) 487-2759
ir@comstockinc.com
For media inquiries or questions:
Comstock Inc., Zach Spencer
Tel (775) 847-7532
questions@comstockinc.com
jobynimble
1 week ago
Comstock Metals Secures Multiple New Revenue Contracts
September 10 2024 - 6:00AM
Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) and its subsidiary, Comstock Metals Corporation (“Comstock Metals”), a technology leader in efficiently recycling end-of-life solar panels into reusable aluminum, copper, silver, glass and other minerals, that delivers a 100% closed-loop, zero-landfill solution, today announced additional revenues from two commercial companies that have engaged Comstock Metals for the decommissioning and disposal of end-of-life solar panels.
Comstock Metals strives to efficiently and effectively recycle materials at industrial scales, such that these materials are carefully recovered in a manner whereby they can be recycled and reused over and over again, representing the true definition of circularity, and the process and service that Comstock Metals strives to perfect and offer.
"We recognized our first in-take revenues from the receipt and processing of end-of-life solar panels and our first off-take revenues from reprocessed and shipped materials, such as recycled aluminum,” stated Corrado De Gasperis, Executive Chairman and CEO of Comstock Inc. “Now, our team is engaged with various, nationally recognized commercial customers to decommission, transport and process end-of-life solar panels installed at their facilities.”
Comstock Metals currently operates a commercial, demonstration facility in Silver Springs, NV, and recently, in direct response to customer needs, now provides and manages deinstallation services for customers. The Company receives a tipping fee for the receipt and storage of end-of-life solar panels while now also receiving additional fees for decommissioning and transporting the panels. With the recently permitted capacity to store large volumes of solar panels, Comstock Metals is poised to lead the solar panel recycling sector, contributing to the reduction of landfilled electronic waste, recovery and reuse of precious and valuable materials.
“Frankly, this was an unanticipated request from our continuously evolving customer base, to which we were able to quickly respond, address, organize, and successfully provide,” added Dr. Fortunato Villamagna, President of Comstock Metals. “The result has been the rapid and successful completion of several deinstallations, with several other deinstallation projects that are currently under negotiation and/or under bid. These services meet an important and growing market need and act as a tremendous feeder for the recycling services that we provide.”
Comstock Metals has now received materials from new, nationally recognizable customers where we coordinated and enabled the decommissioning of the end-of-life panels from their facilities and coordinated the transportation of these panels to the facility in Silver Springs, where the materials will be processed and recycled.
“As we expand our market presence, we have increased our relationships, our longer terms agreements and even the services that we can provide to ensure that we keep these materials out of our landfills and eco-systems,” said Dr. Villamagna. He concluded, “We are now expanding decommissioning services with additional, potential large-scale customers for high-volume, longer-term, revenue-generating supply commitments.”
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.
Comstock Social Media Policy
Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its Twitter, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
CONTACTS:
For investor inquiries:
RB Milestone Group LLC
Tel (203) 487-2759
ir@comstockinc.com
For media inquiries or questions:
Comstock Inc., Zach Spencer
Tel (775) 847-7532
questions@comstockinc.com
ice_n_ak
2 weeks ago
Southern Asian Carbon Limited (SACL), an outfit that helps organisations develop carbon reduction strategies, has kicked off a $US2.5 billion ($3.7 billion) raise to manufacture three biofuel refineries across Australia’s east coast.
EagleHawk Capital’s Tony Newham is leading the effort and began reaching out to interested parties last week. Sources said 10 parties have already expressed interest including one of Australia’s largest superannuation funds, a large infrastructure company, ESG investors, a family office and a global bank. Global private equity is also in their sights.
In an ideal world, SACL would have between one and three partners for the plants they intend to build. The firm has set its heart on three sites – Portland, Victoria, which would be fed woodchips, Moree, NSW, which would also produce bio-methanol, and Mulgrave Queensland, which would be fed savannah grasses. Estimates are Portland and Moree will cost around $US500 million to get up and running while Mulgrave will hog the lion’s share of the funding, costing $US1.5 billion to build. This speaks to the sheer quantity of feedstock available in the Sunshine State, producing 750,000 tones of savannah grasses a year.
The Sustainable Aviation Fuels industry – or SAF – has long been hamstrung by a lack of access to feedstock such as sugar cane, cotton stalks, woodchip and grasses, aka biomass which it converts into fuel, hence SACL’s interest in Australia. Sources said all three of the refineries have committed feedstock from local growers.
Portland is forecast to generate $US363 million revenue and $US124 million in earnings annually once up and running. Moree is on track for $US282 million revenue and $US132 million earnings, while Mulgrave should do $US1.1 billion revenue and $US359 million earnings. All up, that’s annual revenue of $US1.8 billion revenue and $US615 million earnings.ws and came across this: Definitely in the realm of Comstock fuels.
jobynimble
3 months ago
Comstock Metals Receives County Operating and Storage Permit for Recycling Expansion
Accelerates the Development of the first Industry-Scale Solar Panel Recycling Facility
VIRGINIA CITY, NEVADA, June 24, 2024 – Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) announced today that its subsidiary, Comstock Metals, received unanimous approval for a conditional use permit (“CUP”) from the Lyon County, Nevada, Board of County Commissioners, for the operations and material storage of solar panels at the company's first planned industrial-scale facility in Silver Springs, Nevada. This permit marks an earlier than expected achievement for deploying the first industry-scale solar panel recycling facility in the region.
Comstock Metals is dedicated to advancing leading technologies and sustainable practices in the solar recycling industry. The new storage capacity enables the company to efficiently manage and process large quantities of end-of-life solar panels and delivers a 100% closed-loop, zero-landfill solution that sets a new standard for solar panel recycling.
Corrado De Gasperis, Executive Chairman and CEO of Comstock Inc., stated, "Once we demonstrated our ability to recycle and reuse 100% of the recycled materials, we accelerated the permitting for the expansion, both for storage and industry-scale operations. Frankly, the market demand has been robust, and we needed to rapidly expand storage to accommodate our customers and our commitment to keeping these materials out of landfills. We are very thankful to Lyon County’s diligence and expedience in enabling this local and regional Nevada-based economic development.”
The Silver Springs facility is strategically located to serve the rapidly expanding solar industry in the western United States. With the capacity to store and process large volumes of solar panels, Comstock Metals is poised to lead the solar panel recycling sector, contributing to the reduction of landfilled electronic waste and recovery of valuable materials.
Dr. Fortunato Villamagna, President of Comstock Metals added, "Our demonstration facility has enabled the acceleration of our design and permitting of our first industry scale facility, targeting 100,000 tons per year of waste solar panel processing capacity. We are already engaged with major, large-scale customers for high-volume, longer-term commitments that we can now accommodate with our expanded storage capability and planned industry-scale site.”
About Comstock Inc.
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.
Comstock Social Media Policy
Comstock Inc. has used, and intends to continue using, its investor relations link and main website at www.comstock.inc in addition to its Twitter, LinkedIn and YouTube accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.
Link to complete release: https://www.sec.gov/ix?doc=/Archives/edgar/data/1120970/000143774924021088/lode20240624_8k.htm
News
Market Data
Register for streaming realtime charts, analysis tools, and prices.
1hot toddy
2 days ago
MasterBlastr
4 days ago
m_m007
2 weeks ago
TrendTrade2016
2 weeks ago
