Wednesday, September 11, 2024
Comstock (NYSE: LODE) innovates technologies that contribute to global decarbonization and circularity by efficiently converting under-utilized natural resources into renewable fuels and electrification products that contribute to balancing global uses and emissions of carbon. The Company intends to achieve exponential growth and extraordinary financial, natural, and social gains by building, owning, and operating a fleet of advanced carbon neutral extraction and refining facilities, by selling an array of complimentary process solutions and related services, and by licensing selected technologies to qualified strategic partners. To learn more, please visit www.comstock.inc.
Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Deinstallation services. In direct response to customer needs, Comstock Metals now provides and manages deinstallation services for customers. Comstock Metals receives a tipping fee for the receipt and storage of end-of-life solar panels and now may receive additional fees for decommissioning and transporting the panels in addition to revenue earned from the recovery of high value minerals and metals from the recycled panels. The company has completed several deinstallations with several others being negotiated or under bid.
Well positioned to grow the customer base. We think the expansion of the company’s product suite to include decommissioning services better positions the company to more rapidly win new business from a broader range of customers. Comstock Metals coordinates and enables the decommissioning of the end-of-life panels from their customer facilities and coordinates the transportation of these panels to Comstock’s facility in Silver Springs where the materials will be processed and recycled. Comstock is engaged with various, nationally recognized commercial customers to decommission, transport, and process end-of-life solar panels installed at their facilities.
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