Comstock Reports Third Quarter 2026 Results

Corrado De Gasperis, Chief Executive Officer of Comstock

“At quarter end, we held $39.5 million in unrestricted cash and $4.0 million in restricted cash, with no outstanding debt. Comstock received cash from the sale of our mining assets, completed the commissioning of recycling operations, gradually began ramping up the Metals line while receiving greater inventories from major customers”

Corrado De Gasperis, Chief Executive Officer of Comstock

“We also launched the strategic process for unlocking and monetizing SSOF while authorizing a share repurchase program available for future use as Comstock’s financial position and liquidity evolve.”

Fortunato Villamagna, President of Comstock Metals

“Our first industry-scale solar recycling facility began continuous operations in late September, and we are focused on consistent throughput and ramp up, crew proficiency, improving recovered-product quality and expanding customer deliveries”

Fortunato Villamagna, President of Comstock Metals

“We have also concurrently designed and begun testing our first-of-a-kind metals recovery solution for the recovery of high-value silver, residual glass and other critical metals. That process is ahead of our original plans, and we expect the one-ton-per day pilot to be operating during the fourth quarter.”

Fortunato Villamagna, President of Comstock Metals

“We have now issued our first Certificates of Destruction from the new production facility, including to our top 5 key customer accounts, said Dr. Villamagna. “This represents one of our most critical milestones associated with the commencement of our recycling operations and our ongoing ability to effectively certify the complete extinguishment of these environmental liabilities for our customers and to deliver on our commitment for true peace of mind.”

Corrado De Gasperis, Chief Executive Officer of Comstock

“We have now added to and are further consolidating one of the most significant powered land positions for energy infrastructure, advanced manufacturing, data and computing platforms in Northern Nevada”

Corrado De Gasperis, Chief Executive Officer of Comstock

“The Newmark team is directly facilitating our exploration of the monetization and development of SSOF and advancing our ultimate objective to maximize and monetize the value of those investments.”

Corrado De Gasperis, Chief Executive Officer of Comstock

“Our first-of-a-kind solar recycling facility is up and running and we are currently ramping up to operate at a rate of at least 25% of our capacity, if not higher, during the fourth quarter”

Corrado De Gasperis, Chief Executive Officer of Comstock

“This represents three foundational milestones for us, including completion of full commissioning, demonstration of profitable unit economics, and a stable and reliable ramp up. Our same dedicated material science and engineering teams have made significant progress and now plan on operating our one-ton-per-day metal extraction pilot during the fourth quarter to validate higher-yielding silver extraction.”