LODE Comstock Inc

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 LLCTel (203) 487-2759ir@comstockinc.com

For media inquiries or questions: Comstock Inc., Zach SpencerTel (775) 847-7532questions@comstockinc.com

Forward-Looking Statements 

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Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: adverse effects of climate changes or natural disasters; adverse effects of global or regional pandemic disease spread or other crises; global economic and capital market uncertainties; the speculative nature of gold or mineral exploration, and lithium, nickel and cobalt recycling, including risks of diminishing quantities or grades of qualified resources; operational or technical difficulties in connection with exploration, metal recycling, processing or mining activities; costs, hazards and uncertainties associated with precious and other metal based activities, including environmentally friendly and economically enhancing clean mining and processing technologies, precious metal exploration, resource development, economic feasibility assessment and cash generating mineral production; costs, hazards and uncertainties associated with metal recycling, processing or mining activities; contests over our title to properties; potential dilution to our stockholders from our stock issuances, recapitalization and balance sheet restructuring activities; potential inability to comply with applicable government regulations or law; adoption of or changes in legislation or regulations adversely affecting our businesses; permitting constraints or delays; challenges to, or potential inability to, achieve the benefits of business opportunities that may be presented to, or pursued by, us, including those involving battery technology and efficacy, quantum computing and generative artificial intelligence supported advanced materials development, development of cellulosic technology in bio-fuels and related material production; commercialization of cellulosic technology in bio-fuels and generative artificial intelligence development services; ability to successfully identify, finance, complete and integrate acquisitions, joint ventures, strategic alliances, business combinations, asset sales, and investments that we may be party to in the future; changes in the United States or other monetary or fiscal policies or regulations; interruptions in our production capabilities due to capital constraints; equipment failures; fluctuation of prices for gold or certain other commodities (such as silver, zinc, lithium, nickel, cobalt, cyanide, water, diesel, gasoline and alternative fuels and electricity); changes in generally accepted accounting principles; adverse effects of war, mass shooting, terrorism and geopolitical events; potential inability to implement our business strategies; potential inability to grow revenues; potential inability to attract and retain key personnel; interruptions in delivery of critical supplies, equipment and raw materials due to credit or other limitations imposed by vendors; assertion of claims, lawsuits and proceedings against us; potential inability to satisfy debt and lease obligations; potential inability to maintain an effective system of internal controls over financial reporting; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to list our securities on any securities exchange or market or maintain the listing of our securities; and work stoppages or other labor difficulties. 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