LODE News & Events

Comstock announced that following the opening of its facility in Kings County, CA, it has received approval from California's Department of Toxic Substances Control, or DTSC, and has been placed on a list of companies authorized as universal waste recyclers that can treat photovoltaic modules. The site will operate as a centralized hub for the collection, preparation, storage, and aggregation of decommissioned PV solar panels. Through advanced recovery processes, valuable materials - including aluminum, silver, copper, gallium, and other metals - can eventually be extracted and returned to the supply chain for reuse. The company is also completing permit applications and preparing submission plans for a second facility in Nevada, with final site selection expected later this month.

Comstock and its subsidiary, Comstock Metals announced that it has received tax abatements from the Nevada Governor's Office of Economic Development. GOED awarded approximately $900,000 in tax abatements that will apply to Comstock Metals' first-of-its-kind zero-landfill, solar panel recycling and critical metal production facility that is scheduled to commence production in the Q2, with the initial recycling capacity of approximately 3.3M panels or approximately 100,000 tons of recycled material per year. Comstock Metals recently received all its remaining permits from the State of Nevada for its breakthrough solar panel recycling processes located in Silver Springs, in northern Nevada and is currently operating in its pilot facility. In connection with the abatement program, Comstock Metals will create at least 43 diverse, well-paying jobs and make over $12M in capital investments within the first year of operation. Over the 10-year abatement period, it is estimated that this operation will result in more than $7M in net new Nevada tax revenues.