Comstock Metals Secures New and Larger Revenue Contracts
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) e la sua consociata, Comstock Metals, hanno assicurato oltre $150.000 in nuove entrate da un cliente commerciale per servizi di dismissione e smaltimento di pannelli solari. L'azienda offre ora servizi ampliati, che includono disinstallazione, trasporto e trattamento di pannelli solari a fine vita, ricevendo tariffe per lo stoccaggio e ulteriori costi per la dismissione.
Comstock Metals gestisce un impianto dimostrativo commerciale a Silver Springs, NV, con capacità recentemente autorizzata per stoccare grandi volumi di pannelli solari. Questo progetto rappresenta il loro terzo e più grande nuovo intervento di dismissione nelle ultime settimane, con entrate divise tra lavori di dismissione ad alta intensità di manodopera e costi per servizi di riciclaggio avanzati. L'azienda punta a guidare il settore del riciclaggio dei pannelli solari, contribuendo a ridurre i rifiuti elettronici e il recupero di materiali.
Comstock Inc. (NYSE: LODE) y su subsidiaria, Comstock Metals, han asegurado más de $150,000 en nuevos ingresos de un cliente comercial para servicios de desmantelamiento y eliminación de paneles solares. La empresa ahora ofrece servicios ampliados que incluyen desinstalación, transporte y procesamiento de paneles solares al final de su vida útil, recibiendo tarifas por almacenamiento y cargos adicionales por desmantelamiento.
Comstock Metals opera una instalación de demostración comercial en Silver Springs, NV, con capacidad recientemente autorizada para almacenar grandes volúmenes de paneles solares. Este proyecto representa su tercera y mayor nueva operación de desmantelamiento en las últimas semanas, con ingresos divididos entre trabajos de desmantelamiento de alta mano de obra y tarifas de servicios de reciclaje avanzado. La empresa busca liderar el sector del reciclaje de paneles solares, contribuyendo a reducir los desechos electrónicos y la recuperación de materiales.
Comstock Inc. (NYSE: LODE)와 그 자회사 Comstock Metals는 상업 고객으로부터 태양광 패널 해체 및 폐기 서비스에 대해 15만 달러 이상의 새로운 수익을 확보했습니다. 이 회사는 이제 해체, 운송 및 폐기된 태양광 패널의 처리 등을 포함한 확장된 서비스를 제공하며, 저장에 대한 수수료와 해체에 대한 추가 요금을 받고 있습니다.
Comstock Metals는 네바다주 실버 스프링스에 상업 시연 시설을 운영하고 있으며, 최근 대량의 태양광 패널을 저장할 수 있는 용량을 허가받았습니다. 이 프로젝트는 최근 몇 주 사이에 진행된 세 번째이자 가장 큰 새로운 해체 작업을 나타내며, 수익은 고인건설 해체 작업과 고급 재활용 서비스 비용으로 분리됩니다. 이 회사는 태양광 패널 재활용 분야에서 선두주자가 되고, 전자 폐기물 감소와 자원 회수에 기여하는 것을 목표로 하고 있습니다.
Comstock Inc. (NYSE: LODE) et sa filiale, Comstock Metals, ont obtenu plus de 150 000 $ de nouveaux revenus d'un client commercial pour des services de décommissionnement et d'élimination de panneaux solaires. L'entreprise propose désormais des services élargis, y compris le démontage, le transport et le traitement de panneaux solaires en fin de vie, perçus pour entreposage et des frais supplémentaires pour le décommissionnement.
Comstock Metals exploite une installation de démonstration commerciale à Silver Springs, NV, avec une capacité récemment autorisée pour stocker de grands volumes de panneaux solaires. Ce projet représente leur troisième et plus grand nouveau décommissionnement ces dernières semaines, avec des revenus partagés entre des travaux de décommissionnement à forte intensité de main-d'œuvre et des frais pour des services de recyclage avancés. L'entreprise vise à devenir un leader dans le secteur du recyclage des panneaux solaires, contribuant à réduire les déchets électroniques et à la récupération de matières.
Comstock Inc. (NYSE: LODE) und ihre Tochtergesellschaft, Comstock Metals, haben über 150.000 $ an neuen Einnahmen von einem kommerziellen Kunden für die Stilllegung und Entsorgung von Solarpanels gesichert. Das Unternehmen bietet nun erweiterte Dienstleistungen an, die Demontage, Transport und Verarbeitung von Solarpanels am Ende ihrer Lebensdauer umfassen, und erhält Entgelte für die Lagerung sowie zusätzliche Gebühren für die Stilllegung.
Comstock Metals betreibt eine kommerzielle Demonstrationsanlage in Silver Springs, NV, mit kürzlich genehmigter Kapazität zur Lagerung großer Mengen von Solarpanels. Dieses Projekt stellt ihr drittes und größtes neues Stilllegungsprojekt in den letzten Wochen dar, wobei die Einnahmen zwischen arbeitsintensiven Stilllegungsarbeiten und Gebühren für fortschrittliche Recyclingdienste aufgeteilt werden. Das Unternehmen zielt darauf ab, im Bereich des Solarpanel-Recyclings führend zu sein, und trägt zur Verringerung von Elektroabfällen und zur Materialrückgewinnung bei.
- Secured over $150,000 in new revenues from a commercial customer
- Expanded services to include deinstallation, transportation, and processing of end-of-life solar panels
- Recently permitted to store large volumes of solar panels
- Third and largest new decommissioning project in recent weeks
- Increased relationships and longer-term opportunities in the solar panel recycling sector
- None.
Insights
The announcement of
However, investors should note that while this contract is substantial, it's still relatively small in the grand scheme of things. The true test will be Comstock's ability to scale these operations and secure more contracts of this size or larger. The company's recent permit to store large volumes of solar panels positions them well in the growing solar panel recycling sector, but competition and regulatory changes could impact future growth prospects.
Comstock Metals' zero-landfill, closed-loop recycling solution for solar panels addresses a critical environmental challenge. With the rapid growth of solar energy, the issue of panel disposal at end-of-life is becoming increasingly important. By offering a comprehensive service from decommissioning to recycling, Comstock is positioning itself as a key player in the circular economy for solar materials.
The company's approach aligns with growing regulatory pressures and corporate sustainability goals, which could drive demand for their services. However, the success of this model depends on the efficiency of their recycling process and the market demand for recovered materials. Investors should monitor the company's ability to scale operations while maintaining their environmental standards, as this will be important for long-term success in this emerging market.
Comstock Metals' expansion into decommissioning services is a strategic move that addresses a gap in the market. By offering a full-service solution, they're differentiating themselves from competitors who may only focus on recycling. This could lead to increased market share and potentially higher profit margins.
The company's mention of engaging with local, regional and nationally recognized commercial customers suggests a growing pipeline of opportunities. However, investors should be cautious about extrapolating too much from this single contract. It will be important to monitor the rate of new contract acquisition and the average contract size over the coming quarters to gauge the true market potential and Comstock's ability to capture it. The solar panel recycling market is still in its early stages and while growth potential is significant, it may take time for the industry to mature and for clear leaders to emerge.
VIRGINIA CITY, Nev., Sept. 17, 2024 (GLOBE NEWSWIRE) -- 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
Comstock Metals strives to recycle materials efficiently and effectively 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.
“Our team is capturing more and more business, including decommissioning services that act as a feeder for the zero-landfill and, if needed, full-service solutions we can now provide,” stated Corrado De Gasperis, Executive Chairman and CEO of Comstock Inc. “Our team continues engaging with various local, regional and 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.
“As we expand our market presence, we have increased our relationships, longer term opportunities, and now the expanded services that we can provide to ensure that we keep these materials out of our landfills and eco-systems,” concluded Dr. Villamagna. “This recent project represents our third and largest, new decommissioning in just the past few weeks with six figure revenue, about two-thirds for the high labor component decommissioning work and one third for our advanced recycling services fees.”
Comstock Metals has now received materials from new, local, regional and nationally recognizable customers where the Company 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. This entire segment was in response to demand from the industry, where expertise, resources, and assets are often difficult to provide. Comstock Metals recognized the gap in the market, the opportunity to expand our service offering, and to capitalize on and further strengthen the Company’s business development activities.
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 LLC
Tel (203) 487-2759
ir@comstockinc.com
For media inquiries or questions:
Comstock Inc., Zach Spencer
Tel (775) 847-7532
questions@comstockinc.com
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FAQ
What new revenue contracts has Comstock Metals (NYSE: LODE) secured?
What new services does Comstock Metals (NYSE: LODE) now offer for solar panel recycling?
Where is Comstock Metals' (NYSE: LODE) commercial demonstration facility located?
How many new decommissioning projects has Comstock Metals (NYSE: LODE) secured recently?
