Comstock Inc ($LODE) - CEO Corrado De Gasperis on Solar Recycling, Powered Land, and What Comes Next

I sat down with Corrado De Gasperis, CEO of Comstock ( $LODE ), for a 90-minute deep dive into where the company stands today, and where it’s going next. The story now centers on two core pillars: Solar recycling and powered land - alongside legacy assets being monetized to help fund the next phase of growth. 1. Solar panel recycling Comstock is building an industrial-scale solar panel recycling business with 100% material recovery and zero landfill. Its first commercial line came online today, with additional facilities planned in regions where large volumes of end-of-life solar panels concentrate. 2. Sierra Springs Opportunity Fund (SSOF) Comstock owns ~47.63% of SSOF. Roughly 2,500 acres of powered land in Northern Nevada, which is being positioned for monetization as demand from data centers and other power-intensive infrastructure continues to grow. SSOF has secured 250-300MW of natural-gas transportation capacity with Great Basin Gas Transmission Company. This would allow behind the meter generation, with no utility (NV Energy) queue dependency. (Potential expansion to ~1.2GW. Still in the works.) Other investments: Alongside these two core pillars, Comstock still holds other investments. The largest is Bioleum, its renewable fuels platform focused on converting biomass into oil. Monetizing the legacy mining assets Comstock is also selling its historic mining assets, with proceeds intended to help fund the growth of the broader platform. The value is roughly $45M in total, with approximately $20M of cash proceeds expected in the coming weeks. Corrado and I went through each part of the story in depth: Unit economics Competitive positioning Moats and barriers to entry Capital requirements Capital allocation across the platform I hope the conversation gives viewers a clearer picture of both the opportunity ahead and what Comstock still needs to execute on. Chapters: 00:00 Introduction & disclosures 01:10 Comstock overview: metals, mining sale & SSOF 04:00 Solar recycling unit economics & market size 10:56 Scaling 20x: expansion pace & de-risking the first industrial facility 17:25 Beyond tipping fees: glass upgrading & metal extraction 27:47 Theory of Constraints: today's real bottleneck 30:59 Policy, competition & the Illuminate USA win 42:52 Sierra Springs (SSOF): powered land for data centers 53:31 Bioleum: funding, unit economics & scenarios 1:18:41 Capital allocation, dilution & per-share compounding 1:30:07 Scorecard: 3 facts to judge execution by year-end For more information about Comstock, please visit: https://www.comstock.inc/ The interview may contain forward-looking statements about Comstock. See Comstock's periodic filings with the SEC for more complete information. About Comstock Comstock Inc. (NYSE American: LODE) is building businesses that turn under-utilized resources into value. Comstock Metals recycles end-of-life solar panels at industrial scale with full material recovery and zero landfill, with its first commercial facility now online in Nevada. Through its stake in the Sierra Springs Opportunity Fund, Comstock holds powered land in Northern Nevada positioned for data center and industrial development. The company also holds Bioleum, a renewable fuels platform converting biomass into oil, and is monetizing its historic Comstock Lode mining assets to fund the platform's growth. About Valora Investment Group Valora Investment Group LLC is a registered investment advisor. Registration does not imply a certain level of skill or training. This conversation is for general information purposes only. It is not investment advice, a recommendation to buy or sell any security, or an offer or solicitation to buy anything. Valora and accounts it manages own shares of Comstock and may buy or sell that position at any time without notice. Neither party compensated the other for this conversation. Corrado De Gasperis speaks in his capacity as CEO of Comstock; his statements are his own and have not been independently verified. $LODE #Comstock #SolarRecycling #DataCenters