Comstock Mining receives permit for its solar panel recycling facility in Nevada

Comstock announced that it has been notified by the Nevada Division of Environmental Protection of the issuance of the new Class II Air Quality Operating Permit for its Solar Panel Recycling Facility. The substantial majority of U.S. solar panels have been deployed in the southwest region of U.S., primarily California, Nevada, and Arizona with a remarkable acceleration of the decommissioning of these end-of-life solar panels occurring now. Comstock is currently building a facility that includes technologies for efficiently crushing, conditioning, extracting, and recycling metal concentrates from photovoltaics and other electronic devices. Comstock continues to secure supplier commitments, with sufficient existing commitments to begin commissioning of the facility and commencement of revenues upon receipt of the required permits and approvals. Comstock has received the required county permission and Class II Air Quality Operating Permit. Issuance of the final remaining Nevada Solid Waste Material Recovery Facility Permit is expected this quarter, thereby enabling Comstock to complete the installation of the process equipment and solicit the County Fire Marshall and Building Department to provide the final facility certificate of operation. Comstock Metals objectives for 2024 include receiving the final permit early this year, completing commissioning of photovoltaic material recycling, commencing production, continued expansion of our existing revenue generating supply commitments, and then finalizing the design and site selection for our first “industry-scale” production facility.