Comstock Stock Price, News & Analysis

Comstock Inc. (NYSE: LODE) has announced the execution of an Exclusive License Agreement (ELA) and Cooperative Research and Development Agreement (CRADA) with the National Renewable Energy Laboratory (NREL) for technologies to convert lignocellulosic biomass into aromatic sustainable aviation fuel (SAF). The agreements involve a three-year scope of work to develop an integrated process based on Comstock's existing technology and NREL's innovations.

Key points:

• Comstock's current process can produce up to 125 gallons of renewable fuel per dry metric ton of feedstock with low carbon intensity scores.
• The integration of NREL technologies could improve feedstock diversity, conversion yields, and product quality for SAF production.
• The CRADA aims to culminate in a pre-commercial pilot system, potentially leading to a 50,000 metric ton per year commercial demonstration facility.
• The ELA grants Comstock exclusive worldwide rights to use NREL technologies for processing seed plants into renewable fuels, subject to certain restrictions.

Comstock Inc. (NYSE American: LODE) has announced significant developments in its clean energy businesses. The company secured new revenue contracts for solar panel recycling, established an international equity partnership for its low-carbon fuels business, and received an indicative term sheet for $325 million in gross funding through SBC Commerce Additionally, Comstock raised $3.5 million in convertible debt financing with an option for an extra $1.5 million to support ongoing commercialization efforts.

The company's Comstock Fuels division offers advanced biomass refining solutions, producing cellulosic ethanol and other renewable fuels with low carbon intensities. Comstock Metals has begun receiving materials from various customers for solar panel recycling at its Nevada facility. These developments, along with potential asset sales, are estimated by management to recognize valuations of nearly $500 million for the company's three business segments.

Comstock Inc. (NYSE: LODE) announced a binding agreement between Comstock Fuels and SACL Pte. for an exclusive marketing agreement in Australia and New Zealand. The deal involves three biofuel refineries in Australia with a total capacity of 1,250,000 metric tons per year, potentially producing over 300 million gallons of renewable fuels annually.

Key terms include:

• Comstock Fuels receives a 20% equity stake in each refinery
• 6% royalty fee on licensed product sales
• 6% engineering fee on capital and construction costs
• Estimated total construction cost of $2.4 billion
• Projected annual sales of $1.5 billion at current market prices

Comstock Fuels' technology offers high yields of renewable fuels with low carbon intensity, positioning the company as a leading global solution for sustainable aviation fuel and other renewable fuels.

Comstock Inc. (NYSE: LODE) and its subsidiary, Comstock Metals, have secured over $150,000 in new revenues from a commercial customer for solar panel decommissioning and disposal services. The company now offers expanded services including deinstallation, transportation, and processing of end-of-life solar panels, receiving tipping fees for storage and additional fees for decommissioning.

Comstock Metals operates a commercial demonstration facility in Silver Springs, NV, with recently permitted capacity to store large volumes of solar panels. This project represents their third and largest new decommissioning in recent weeks, with revenue split between high-labor decommissioning work and advanced recycling services fees. The company aims to lead the solar panel recycling sector, contributing to reduced electronic waste and material recovery.

Comstock Inc. (NYSE: LODE) and its subsidiary, Comstock Metals, have secured new revenue contracts for decommissioning and disposing of end-of-life solar panels. The company has begun generating income from both intake and off-take operations, including recycling aluminum. Comstock Metals now offers deinstallation services in response to customer demand, receiving fees for decommissioning, transporting, and storing panels.

Operating from a commercial demonstration facility in Silver Springs, NV, Comstock Metals is positioned to lead the solar panel recycling sector. The company has expanded its services to include coordinating panel decommissioning and transportation for nationally recognizable customers. This expansion aims to meet growing market needs and serve as a feeder for their recycling services, contributing to reduced electronic waste in landfills.

Comstock Inc. (NYSE: LODE) and its subsidiary, Comstock Metals, have announced their first shipments and revenues from recycled solar panel materials. The company sold over 3,000 pounds of recycled aluminum, exceeding expectations with a price of more than fifty cents per pound. This milestone follows their first in-take revenue from processing end-of-life solar panels last quarter.

Comstock Metals operates a commercial demonstration facility in Silver Springs, NV, and is planning an industry-scale expansion. The company's process recovers about 10-15% of the solar panel input weight as aluminum. Their zero-landfill solution generates revenue from both receiving panels and selling recycled materials, creating a closed-loop system for solar panel recycling.

Comstock Inc. (NYSE: LODE) and its subsidiary, Comstock Fuels , have validated record renewable fuel conversion yields of up to 125 gallons per dry ton of woody biomass on a gasoline gallon equivalent basis (GGE). The company's advanced lignocellulosic biomass refining solutions produce renewable fuels with market-leading yields and carbon intensities, including ethanol, gasoline, renewable diesel, and sustainable aviation fuel (SAF).

Comstock Fuels' processes are designed to be robust and highly-scalable, utilizing modular integrations of mature technologies. The company has validated a baseline yield of 125 GGE and carbon intensity of 15 with a mixture of hardwood feedstock species. They are also evaluating processes to capture and convert biogenic carbon emissions, potentially increasing yields to 150 GGE or more.

Comstock Inc. (NYSE: LODE) announced its Q2 2024 results and corporate updates, highlighting significant progress across its businesses. Key developments include:

1. Securing a $325 million term sheet for investments and real estate sales
2. Comstock Metals advancing solar panel recycling with a new industry-scale facility
3. Comstock Fuels demonstrating higher yields of 125 Gasoline Gallon Equivalents
4. Comstock Mining improving economic assessment for the Dayton resource
5. Strategic investments in Quantum Generative Materials and Green Li-ion showing progress

Financial results for Q2 2024 showed increased revenues to $0.4 million and decreased loss from operations to $5.6 million. The company outlined ambitious objectives for each business segment for the second half of 2024, focusing on closing investments, expanding operations, and advancing technologies.

Comstock Inc. (NYSE American: LODE) has secured a $325 million term sheet for investments and real estate sales. The deal includes $275 million in direct investments into Comstock's three main subsidiaries: $200 million for Comstock Fuels , $22 million for Comstock Metals , and $50 million for Comstock's Mining segment. Additionally, there's a $3 million direct equity investment into Comstock itself and a $50 million sale of Nevada real estate and water rights.

This transaction recognizes significant valuations of nearly $500 million for Comstock's businesses and provides essential growth capital. The funds will be used to advance and accelerate the commercialization of Comstock's fuels, metals, and mining operations. The deal is subject to final due diligence and regulatory approvals.