ComstockLODE

01The company is crossing from demonstration to permitted industry-scale solar recycling with a specific capital intensity (~$14.5M per 100,000-ton facility) that could generate operating leverage once commissioning completes in Q3 2026. The deferred revenue balance suggests contracted customer demand exists before the facility is operational. A peer entering this space would need to replicate both the zero-landfill process and the permitting timeline Comstock has already secured.

02Our recycling process creates no waste, generates no landfilled materials, and results in clean recycled products that are safe for reuse The Company plans to build up to five facilities in the United States over the next five years Comstock Metals has selected and submitted state-level permits for a second industry-scale production facility in southern Nevada The Company is also developing a metal extraction solution that further recovers higher purity, higher value metals and materials from our generated industrial solar tailings

03Vertical integration of proprietary feedstock (XanoGrass via Hexas) and refining IP distinguishes Bioleum from cellulosic fuel peers reliant on third-party biomass. If the 25-30 dry metric ton per acre yields translate to commercial scale, Bioleum could achieve lower carbon-intensity scores and feedstock costs than competitors buying commodity biomass.

04The Company entered into a Securities Purchase Agreement to sell all of its rights, titles, and interest in the mining membership interests to Mackay Mackay shall have the right at any time to repurchase 100% of the NSR Royalty for a payment of $3,500,000, provided that if the seven-year period for the Contingent Payment has lapsed the royalty buyout payment shall be increased to $7,000,000 $22,992,892 was classified as Assets Held for Sale and $6,832,924 was classified as Liabilities Held for Sale The Company had current assets of $58,132,861 and current liabilities of $18,185,790, representing working capital excess of $39,947,071 at June 30, 2026 On January 30, 2026, the Company issued 18,181,819 registered shares of its common stock at $2.75 per share for $50,000,002 and received net proceeds of $46,140,002