Comstock Releases Shareholder Letter
From GlobeNewswire: 2025-05-22 06:15:00
Comstock Inc. announced the successful separation of its renewable fuels segment into Bioleum Corporation, a new independent entity with a $20 million Series A equity investment. Comstock retains a $65 million stake in Bioleum and plans for an IPO after completing its first 400,000 barrel per year refinery. Meanwhile, Comstock Metals achieved R2v3/RIOS certification for zero-waste solar panel recycling, positioning itself as a leader in sustainable metal recycling. The separation aims to enhance capital efficiency, risk management, and value creation, unlocking the full potential of both companies for exponential growth and shareholder returns.
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