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Comstock Inc. (NYSE: LODE) continues its transformation from mining legacy to clean energy innovator. Its subsidiary, Comstock Metals, is now advancing U.S.-scale solar panel recycling through a strategic partnership with Virtus Renewables — a provider of integrated renewable energy solutions.
Key Takeaways
- Comstock Metals is North America's first solar recycler certified under the R2v3/RIOS zero-waste standard — a meaningful operational and regulatory moat.
- First industrial facility in Silver Springs, NV targets full operation by Q1 2026, with capacity for 3.3 million panels per year.
- CEO envisions Comstock Metals becoming a top-three silver producer in Nevada — powered not by mining, but by silver recovered from recycled panels.
A New Chapter in Circular Energy
Comstock Inc. (NYSE: LODE) continues its transformation from mining legacy to clean energy innovator. Its subsidiary, Comstock Metals, is now advancing U.S.-scale solar panel recycling through a strategic partnership with Virtus Renewables, a renowned provider of renewable energy solutions.
What's New: Full-Cycle Solar Recycling
- Comstock Metals, North America's first solar panel recycler certified under the R2v3/RIOS zero-waste standard, joins forces with Virtus to deliver a fully integrated recycling, decommissioning, and logistics network tailored for solar markets.
- This partnership creates a scalable, zero-landfill lifecycle solution for end-of-life solar assets, recycling everything, from installers to industry-scale infrastructure.
Growing Momentum
- Comstock Metals reported $2.31 million in H1 2025 billings and has finalized orders for equipment required to process 3.3 million solar panels per year across its first industrial-scale facility.
- Initial facility setup, including permits and equipment deployment in Silver Springs, NV, is underway, targeting full operation by Q1 2026.
- The company has raised $30 million in capital, eliminated debt, and now holds over $45 million in combined cash, providing a solid foundation for scaling.
A Silver Stream from Solar Waste
- CEO Corrado De Gasperis envisions Comstock Metals becoming a top-three silver producer in Nevada, powered predominantly by silver recovered from recycled solar panels, outpacing traditional silver mining operations in the region.
- The strategic use of solar panel waste as an endless "ore" stream offers continuous extraction without depletion, positioning Comstock as a pioneer in circular mining.
Greenberg Perspective
This partnership exemplifies what Greenberg Enterprises values most: real-world sustainability, scalable impact, and strategic execution. Comstock Metals is not just recycling, it's redefining the solar lifecycle, creating value, and setting new benchmarks in circular materials management.
