earnings
confidence high
sentiment positive
materiality 0.80
Comstock raises $30M, eliminates debt, reports solar recycling billings of $2.31M in H1 2025
Comstock Inc.
- Raised $30M gross from oversubscribed offering; proforma cash >$45M including Bioleum.
- Eliminated $8.39M of debt via share issuance and fully satisfied Kips Bay convertible note.
- Comstock Metals recorded $2.31M in billings (H1 2025) vs nil year ago; certified R2v3/RIOS zero-waste recycling.
- Received over 4M lbs of solar materials from RWE under preferred MSA; ordered equipment for first 100k-ton facility.
- Separated fuels segment into Bioleum, which closed $20M Series A from Marathon Petroleum and secured $152M bond allocation.
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