Comstock (LODE) Selects Ohio for Solar Panel Recycling Facility
Key takeaways
- Comstock (LODE) Selects Ohio for Solar Panel Recycling Facility Jeff Lewis Mon, June 29, 2026 at 11:38 PM GMT+7 2 min read LODE CSL-H.V MACK.V Comstock Inc.
- The selection was made in collaboration with JobsOhio and OhioSE.
- The deal consists of over $30M in cash and stock payments, a retained 1.5% NSR royalty, assumption of all reclamation obligations and liabilities, and an additional contingent future payment of $10M.
Comstock (LODE) Selects Ohio for Solar Panel Recycling Facility Jeff Lewis Mon, June 29, 2026 at 11:38 PM GMT+7 2 min read LODE CSL-H.V MACK.V Comstock Inc. (NYSEAMERICAN:LODE) is one of the 8 High Growth Penny Stocks to Buy.
On June 24, 2026, Comstock Inc. (NYSEAMERICAN:LODE) announced that Comstock Metals, its wholly owned subsidiary, selected Cambridge, Ohio, as one of the national locations for its industrial-scale solar panel recycling and production facility and logistics hub. The selection was made in collaboration with JobsOhio and OhioSE. The Ohio operation is expected to create 20 full-time positions and is supported by a newly announced $75,000 JobsOhio Grant. The Cambridge facility will expand capacity to ultimately produce aluminum, silver, and glass bead outputs for resale into Midwest industrial supply chains.
On June 22, Comstock announced that it executed a Securities Purchase Agreement to sell 100% of its mineral, mining, processing, and related mining district real estate entities to Mackay Precious Metals, a wholly owned subsidiary of Mackay Gold & Silver Corp., for an aggregate transaction value of over $45M. The deal consists of over $30M in cash and stock payments, a retained 1.5% NSR royalty, assumption of all reclamation obligations and liabilities, and an additional contingent future payment of $10M. Upon closing, Comstock will have received $20M in cash plus 2 million Mackay Gold & Silver shares valued at over $3.5M at recent prices, with a secured second-tranche cash payment of $7M due within 18 months. Comstock expects the divestiture to reduce ongoing costs tied to maintaining the mining assets, permits, environmental compliance obligations, and related activities, resulting in over $1.5M in annualized savings.