Comstock orders equipment for its first large-scale solar panel recycling plant

Published 2 months ago Negative
Comstock orders equipment for its first large-scale solar panel recycling plant
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* Comstock (NYSE:LODE [https://seekingalpha.com/symbol/LODE]) on Monday said that it has placed $5.1M in deposits to purchase all equipment for its first 100,000-ton-per-year solar panel recycling facility in Silver Springs, Nevada.
* Total equiment costs are expected to reach $10.5M, with an additional $1.5M for storage, utilities, and commissioning.
* Comstock Metals’ billable revenues are expected to be eight times greater in 2025, as compared to 2024, or currently projected to be over $3.5M.
* The company plans to expand its system globally with strategic and/or international partners and complete site selection and permit submissions for two additional solar panel recycling locations.
* Says, it would continuously operate the zero-landfill industry-scale solar panel recycling facility during Q2 2026.
* Plans to advance and expand R&D efforts to recover more and higher-purity materials from recycled streams for offtake.
* Source: Press Release [https://seekingalpha.com/pr/20210747-comstock-announces-the-purchase-of-all-equipment-for-industry-scale-facility]

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