Solar Cycle Recycling Technology Advancement
Comstock Metals advanced their solar cycle recycling technology to TRL 7, achieving a fully operational facility capable of recovering 100% of metals, glass, and minerals. This resulted in increasing revenues by almost 50% through a zero landfill solution.
Comstock Fuels Achievements
Comstock Fuels integrated critical technologies and partners, achieving industry-leading yields up to 140 gasoline gallon equivalents per ton of dry wood, double the next competitor. Secured $3 million in incentive awards from Oklahoma and a $152 million bond allocation.
Strategic Partnerships and Investments
Collaboration with Marathon Petroleum, including a $14 million investment and a joint product development agreement. Valuation for Comstock Fuels capped at $700 million.
Revenue Growth
Company-wide revenues grew to $3 million in 2024 from $1.3 million in 2023, with significant contributions from the solar panel recycling facility.