Comstock Receives $900,000 Tax Abatement from Nevada
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.
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- Strategic Supply Agreement: REalloys has signed a 15-year offtake agreement with Critical Metals Corp, securing 15% of monthly production from the Tanbreez project in Greenland, further solidifying its heavy rare earth supply chain in North America.
- Market Demand Response: This agreement enables REalloys to rapidly scale its production of heavy rare earth metals and alloys in the U.S. ahead of the Pentagon's 2027 ban on Chinese-origin materials, addressing the growing defense demand.
- Technology Integration Plan: REalloys aims to establish the largest heavy rare earth metallization facility in North America in Ohio, expected to achieve production from rare earth oxides to high-purity metals through recycling and upstream supply agreements, enhancing overall supply chain traceability.
- Defense Supply Chain Assurance: As the U.S. depletes significant portions of its precision weapons inventory in Middle Eastern conflicts, REalloys' heavy rare earth materials will become central to Pentagon supply chain planning, helping reduce reliance on Chinese rare earth materials.
- Earnings Call Announcement: Comstock Inc. is set to hold a webinar on May 7, 2026, at 4:30 PM ET, where CEO Corrado De Gasperis and CFO Judd Merrill will provide an overview of the Q1 2026 financial results and current business updates, aiming to enhance transparency for investors regarding company operations.
- Interactive Q&A Session: Following the live presentation, a Q&A session will be held, where unaddressed questions will be reviewed by management and answered accordingly, encouraging investors to submit their inquiries in advance through the registration form or via email to foster engagement and communication.
- Business Overview: Comstock focuses on innovating and commercializing technologies that efficiently extract and convert under-utilized natural resources into reusable metals, such as silver, aluminum, and gold, primarily from end-of-life photovoltaics, thereby supporting the sustainable development of clean energy systems.
- Disclosure Policy: The company will continue to utilize its investor relations link and social media platforms (including X.com, LinkedIn, and YouTube) to disclose material non-public information, ensuring compliance with securities regulations and enhancing transparency and accountability.
- Meeting Schedule: Comstock Inc. has scheduled its 2026 Annual Shareholders Meeting for May 28, 2026, at 9:00 AM PDT at the Peppermill Hotel in Reno, Nevada, featuring discussions on strategic investments and clean energy systems, which is expected to enhance shareholder engagement and company visibility.
- Voting Eligibility: The record date for the meeting is March 31, 2026, meaning only shareholders on record by this date can vote, ensuring that shareholder rights are protected and potentially influencing their voting participation.
- Agenda Details: The meeting will include a continental breakfast, company presentations, a Q&A session, and lunch discussions, aimed at fostering communication between shareholders and management, thereby strengthening shareholder trust and support for the company.
- Strategic Focus: Comstock is committed to innovating and commercializing clean energy systems by efficiently extracting reusable metals from end-of-life photovoltaics, aligning with global sustainability trends and laying a solid foundation for future growth.
- Strengthened Asset Base: Comstock Inc eliminated legacy debt in 2025, effectively doubling its asset base and enhancing financial stability, which lays a solid foundation for future growth initiatives.
- Successful Fundraising: The company raised approximately $53 million in net proceeds through a successful equity offering, which will fund the deployment of its first industry-scale metals recycling facility, expected to significantly enhance operational capabilities.
- Market Expansion Plans: Comstock Inc is actively attracting institutional investors to strengthen its shareholder base and aims to dominate the metals recycling market in the Southwest U.S., with future plans for international expansion.
- Revenue Challenges: Despite progress in monetizing non-core assets, the company reported a decline in revenues from $4.4 million in 2024 to $1.4 million in 2025, indicating challenges in revenue generation that could impact future growth prospects.

Investment Strategy: Mak Capital Fund LP has purchased shares of Comstock Inc. based on the belief that the shares were undervalued at the time of purchase.
Market Perception: The decision to invest reflects a confidence in the potential for Comstock's stock to increase in value, suggesting a positive outlook on the company's future performance.
- Cash Position: As of December 31, 2025, Comstock reported cash and cash equivalents of $17.0 million, which increased to $56.1 million by March 20, 2026, indicating strong liquidity prior to the 2026 financing, thus supporting future expansion plans.
- Significant Revenue Growth: In 2025, Comstock's revenues reached $1.4 million, tripling from $0.4 million in 2024, demonstrating substantial progress in market demand and sales strategies, thereby enhancing its competitive position in the metals industry.
- Financing Plans: Comstock is undertaking a $50 million upsized offering, and despite a 12% dip in stock price, this move aims to fund future projects and facility expansions, reflecting the company's confidence in long-term growth.
- Investor Conference: At the 2026 Spring Investment Conference, Comstock presented its equity offering, permitting milestones, and expansion plans for metal facilities, aiming to attract investor attention to its future growth potential and enhance market awareness.









