Comstock Stock Price, News & Analysis

Comstock (NYSE:LODE) announced Q2 2025 results and significant corporate updates. The company successfully raised $30 million from an oversubscribed offering and eliminated debt obligations. Key developments include the separation of its fuels division into Bioleum Corporation and advancement of its solar panel recycling business.

Comstock Metals, now R2v3/RIOS certified, achieved $2.31 million in H1 2025 billings and secured a Master Services Agreement with RWE Clean Energy. The company ordered equipment for its first industry-scale facility capable of recycling 3.3 million panels annually. Proforma combined cash balance exceeded $45 million between Comstock and Bioleum's recent capital raises.

The company plans to expand to 7 industry-scale U.S. recycling facilities, with the first facility in Silver Springs, NV requiring $12 million in capital expenditures and expected to be operational by Q2 2026.

Comstock (NYSE: LODE) has priced its upsized public offering of 13,333,334 shares of common stock at $2.25 per share, expecting to raise approximately $30 million in gross proceeds. The offering, which was oversubscribed, includes participation from fundamental institutional investors including a long-only mutual fund and leading investment managers.

The company plans to use the proceeds for capital expenditures related to its first industry-scale solar panel recycling facility, capable of processing over 3 million panels annually, development expenses, and debt repayment. With this offering and debt elimination, Comstock expects to have approximately $45 million in cash on hand.

The offering is expected to close on August 14, 2025, with Titan Partners Group acting as sole bookrunner. The company has granted a 30-day option to purchase up to an additional 2 million shares to cover over-allotments.

Comstock (NYSE:LODE) has announced a proposed underwritten public offering of its common stock and pre-funded warrants. The company plans to grant the underwriter a 30-day option to purchase up to 15% additional shares to cover over-allotments.

The net proceeds will be used for capital expenditures related to commercializing Comstock Metals' first industry-scale facility, development expenses, general corporate purposes, and debt repayment. Titan Partners Group is serving as the sole bookrunner for the offering, which will be made through an effective shelf registration statement on Form S-3.

Comstock (NYSE:LODE) has scheduled its second quarter 2025 earnings webinar and business update for Thursday, August 14, 2025, at 4:30 PM ET. The presentation will be led by Executive Chairman & CEO Corrado De Gasperis and CFO Judd Merrill.

The webinar will include a live Q&A session, with investors having the option to submit questions in advance through the registration form or via email at ir@comstockinc.com. Management will review and respond to any unaddressed questions after the session.

Comstock (NYSE:LODE) announced its upcoming inclusion in the Russell Microcap® Index, effective after the U.S. market opens on June 30, 2025. The inclusion comes as part of the 2025 Russell Microcap Index's annual reconstitution and will result in automatic inclusion in the appropriate growth and value indexes.

According to CEO Corrado De Gasperis, this inclusion recognizes the company's progress and growing value. The Russell indexes are widely used by investment managers and institutional investors, with approximately $18.1 trillion in assets benchmarked against Russell's U.S. indexes.

Comstock (NYSE American: LODE) announced a strategic partnership between its subsidiary Comstock Metals and Virtus Renewables Service Group to develop comprehensive solar panel recycling solutions. Comstock Metals, the first North American company to achieve R2v3/RIOS Responsible Recycling Standard certification, will combine its zero-landfill recycling capabilities with Virtus's renewable energy expertise.

The partnership aims to provide complete decommissioning, logistics, and recycling services for solar panels and related components across the United States. This collaboration strengthens both companies' positions in the renewable energy sector while ensuring environmentally sustainable management of end-of-life solar assets.

Comstock has amended its agreement with Mackay Precious Metals to sell its Northern Targets mining properties and 25% stake in Pelen LLC for an increased purchase price of $2.95 million and a 1.5% NSR production royalty. The amendment increases the cash component by $1.2 million from the previous $2.75 million mixed cash-stock deal. Comstock has already received $1 million, with the remaining $1.95 million due by August 30, 2025. Additionally, Mackay will transfer approximately 300 acres of mining properties in Lyon County to Comstock at no extra cost. The company has already recognized $3.77 million in revenue from the previous lease agreement, bringing total consideration to over $6.7 million. The Northern Targets include the Gold Hill and Occidental Lode claim groups in Storey County, Nevada. The sale aligns with Comstock's strategy to focus on developing its central and southern district properties, including the S-K 1300 compliant Dayton and permitted Lucerne resources.

Comstock (NYSE: LODE) announced that its subsidiary, Comstock Metals, received unanimous approval for expanded solar panel storage in Lyon County, Nevada. The permit supports their first industrial-scale solar panel recycling facility in Silver Springs, planned for Q4 2025. The facility will have a 100,000-ton annual processing capacity and is expected to begin commissioning in Q1 2026. As the first North American solar panel recycler certified by SERI to R2v3/RIOS standards, Comstock Metals offers a 100% closed-loop, zero-landfill solution. The company has already secured master service agreements with major utilities after demonstrating their ability to fully recycle panels into commodity-ready products. Equipment ordering will begin summer 2025, with the facility strategically positioned to serve the Western U.S. solar industry.

Comstock (LODE) has appointed Judd B. Merrill as Chief Financial Officer and President of its mining subsidiary, Comstock Mining LLC, effective May 19, 2025. Merrill, 54, joins from Aqua Metals (NASDAQ: AQMS) where he served as CFO from 2018 to 2025. He brings significant experience in mining and clean mineral technology, having previously held CFO positions at Klondex Mines Ltd. and worked at Fronteer Gold and Newmont Mining. Notably, Merrill previously served as CFO and Corporate Secretary at Comstock for over six years.

The appointment comes as Comstock plans to accelerate its metal recycling business expansion and prepare for the separation of its renewable fuels business into an independent company. Merrill, a licensed CPA, holds a BS in Accounting and an MBA from the University of Nevada, Reno.