Earnings Releases·Nov 4, 2026, 4:18 PM ET

Comstock Inc. — Third Quarter 2026 Earnings Summary

Reported a net loss of $0.8 million ($0.01 per share) for Q3 2026, driven by a $14.0 million gain from the divestiture of remaining mining assets; Metals Segment revenue rose 45.4% sequentially to $341,751, while new billed revenue increased 131.1% year-over-year to $1.04 million.
Completed the sale of all legacy mining assets for $30.2 million total consideration (including $20.0 million cash and 2 million Mackay shares), resulting in zero outstanding debt and $43.5 million in total cash; future revenue growth depends on scaling the Silver Springs recycling plant to 25% capacity in Q4 2026.
Authorized a share repurchase program of up to 15 million shares to be funded by future non-core asset sales and remaining Mackay payments, while advancing site selection for a second recycling facility in Ohio and engaging Newmark Group to monetize the Sierra Springs Opportunity Fund portfolio.
Confirmed on-track status for all 2026 objectives, including the commissioning of the industry-scale solar panel recycling plant and the issuance of Certificates of Destruction, with future facilities projected to scale from 25,000 to 100,000 tons annually.