Comstock Inc. Reports Q3 2026 Results Following Mining Divestiture and Solar Recycling Launch
Comstock Inc. (LODE) reported its third-quarter 2026 financial results, highlighted by a significant strategic pivot from mining to solar recycling. The company successfully completed the divestiture of its legacy mining assets to Mackay Precious Metals, resulting in a $14 million gain and providing $20 million in immediate cash proceeds alongside shares of Mackay stock. This transition has allowed Comstock to achieve a debt-free balance sheet and significantly reduce net losses compared to the previous year. The company is now focusing on its recycling segment, which saw revenue growth and a substantial increase in feedstock inventory. While management noted minor early operational challenges during the facility ramp-up, they emphasized that current liquidity—including $39.5 million in unrestricted cash—is sufficient to fund planned expansions, such as a second recycling facility in Ohio, without the need for additional equity raises over the next 12 months.
Topics: divestiture liquidity metals segment net loss reduction revenue growth
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