Comstock Metals
Comstock Metals, formerly a mining exploration company, has pivoted to solar PV module recycling, operating a California collection hub and a Nevada materials recovery facility (commissioning Q1 2026) to extract aluminium, silver, copper, and gallium from end-of-life panels for utilities and solar operators.
- Company typePrivate
- Founded-
- HeadquartersVancouver, Canada
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Comstock Metals does
Comstock Metals, formerly a mining exploration company, has pivoted to end-of-life solar photovoltaic module recycling and materials recovery. The company operates as a subsidiary of Comstock Inc. (NYSE: LODE) through its operating entity Comstock Metals LLC, with a DTSC-authorized collection and aggregation facility in Kings County, California and an industry-scale materials recovery plant under commissioning in Silver Springs, Nevada (Q1 2026). Comstock's core service is the compliant processing of decommissioned PV modules for utilities, solar farm operators, commercial entities, and property owners, recovering valuable metals — aluminium, silver, copper, and gallium — using advanced recovery processes. The California facility collects and prepares panels from across California, Arizona, and Nevada; intermediate material is then shipped to the Nevada plant for final recovery, with stated design capacity of over 3 million panels per year (up to 100,000 tons annually).
The business model combines transaction-fee revenue from per-panel or per-ton processing services with hardware/materials sales from recovered commodities. Go-to-market is enterprise field sales targeting utilities and large operators with end-of-life or decommissioned solar installations, anchored by two regulatory credentials that gate commercial activity in the company's core geographies: California DTSC Universal Waste Recycler authorization and Nevada Written Determination Permit. The competitive position rests on this regulatory moat and on first-mover scale at the Southwest U.S. tier, rather than on disclosed technology differentiation beyond the recovery process itself.
Customer concentration, pricing, and revenue figures are not publicly disclosed. The company is in pre-revenue ramp, with leadership under CEO Steven Goldman and an annual meeting in July 2026 that fixed the board at four directors and granted 2.27 million stock options to officers and directors at a $0.05 strike. The principal near-term catalysts are Nevada commissioning, first disclosed throughput and revenue mix, and any expansion of permitted scope beyond the current three-state Southwest footprint.
Comstock Metals firmographics
Firmographics- Name
- Comstock Metals
- Legal name
- Comstock Metals Ltd.
- Website
- https://comstock-metals.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Comstock Metals, formerly a mining exploration company, has pivoted to solar PV module recycling, operating a California collection hub and a Nevada materials recovery facility (commissioning Q1 2026) to extract aluminium, silver, copper, and gallium from end-of-life panels for utilities and solar operators.
- Ownership category
- akta.pro rank
Comstock Metals industry classification
Industry- Product category
- Solar Panel Recycling Services
- NAICS
- Materials Recovery Facilities (562920), Hazardous Waste Treatment and Disposal (562211)
- SIC
- Secondary Smelting & Refining Of Nonferrous Metals (3341), Hazardous Waste Management (4955)
- akta.pro primary industry
- PV Module & Panel Recycling (Glass, Silicon, Metals Recovery) (EUAMALAA)
- akta.pro secondary industries
- Solar End-of-Life, Recycling & Decommissioning (Panels, Inverters, Racking) (EUAMABAM), PV & Energy Device Recycling (Solar Panels, Inverters, Power Electronics) (EUAIAIAL)
Keywords
Where Comstock Metals is headquartered
LocationHeadquarters
- HQ city
- Vancouver
- HQ country
- Canada
- HQ region
- North America
Offices2 records
Markets served
Comstock Metals business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales
Revenue model
- Solar Panel Processing Fees: Fees charged to solar panel owners/operators for processing and recycling end-of-life solar PV modules, operating on a per-panel or per-ton processing basis at their industry-scale facilities
- Recovered Materials Sales: Sale of extracted raw materials including aluminium, silver, copper, and gallium recovered from decommissioned solar panels
Go-to-market motion1 record
Distribution channels1 record
Comstock Metals product offering
Product offeringCore offering
Comstock Metals operates solar PV module recycling facilities, collecting, preparing, and processing decommissioned solar panels to extract valuable materials including aluminum, silver, copper, and gallium. The company runs a California facility certified by the California Department of Toxic Substances Control as an authorized universal waste recycler and is building a Nevada materials recovery facility permitted to process over 3 million panels per year.
Product overview
Comstock Metals operates as a solar photovoltaic (PV) module recycling company, offering end-of-life solar panel recycling and materials recovery services. The company operates a facility in Kings County, California (certified as an authorized universal waste recycler by the California Department of Toxic Substances Control) and is developing a facility in Silver Springs, Nevada. Their core services include processing decommissioned solar panels to extract valuable materials including aluminum, silver, copper, and gallium. Materials collected from California, Arizona, and Nevada are processed at these facilities, with California serving as a centralized hub for collection and preparation.
Differentiator
Problem solved
Functional benefit
Products and services
- Solar PV Module Recycling Services End-of-life solar panel recycling services that extract aluminum, silver, copper, and gallium from decommissioned photovoltaic modules using advanced recovery processes. Materials collected from California, Arizona, and Nevada are processed at facilities in Kings County, California and Silver Springs, Nevada.
- Universal Waste Processing Processing and recycling of universal waste materials including solar PV modules, serving as an authorized recycler certified by California's Department of Toxic Substances Control for photovoltaic modules at the Kings County, California facility.
Quantifiable outcome
- Process over 3 million solar panels per year at full capacity
- +1 more outcomes
Companies that use Comstock Metals
Customer profileSegments1 record
Ideal customer profiles1 record
Comstock Metals technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Comstock Metals partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights4 records
Comstock Metals competitors and assessment
Company assessmentEmerging players
- Li-Cycle: Canada-based hydrometallurgical resource recovery company focused on lithium-ion battery recycling, recovering critical materials including copper and other metals. Comparable as an emerging adjacent critical-materials recovery player using similar metallurgical recovery principles to extract valuable metals from end-of-life energy products.
Broad incumbents
- Aurubis: European nonferrous metals smelter and refiner that processes copper and other nonferrous feedstocks, including recycled sources, into refined metal products. Comparable as a downstream refiner of recovered nonferrous metals (silver, copper) that competes for recycled feedstocks.
- Veolia Environmental Services: Global environmental services giant providing hazardous waste management, materials recovery, and industrial recycling services across North America. Comparable as a large incumbent in regulated waste processing with the scale to enter PV recycling directly or via partnerships.
- First Solar: Large US thin-film PV manufacturer with an industry-leading, vertically integrated PV module recycling and take-back program. Comparable as a major incumbent controlling significant end-of-life PV feedstock and operating competing recycling capacity.
Direct peers
- ROSI Solar: France-headquartered PV recycling company using advanced processes to recover high-purity silver, silicon, copper, and other materials from end-of-life modules. Closely comparable in technology scope and metals-recovery value proposition, though operating primarily in Europe.
- SolarCycle: US-based pure-play solar PV module recycling company operating high-throughput panel recycling facilities with proprietary recovery processes. Directly comparable as a same-category, same-geography PV recycler pursuing scale and material recovery economics similar to Comstock Metals.
- We Recycle Solar: US-based PV solar panel recycling company that collects and processes decommissioned modules, recovering glass, metals, and semiconductors. Comparable as a direct competitor in North American end-of-life PV module processing.
Regional players
- Cleanaway (formerly Toxfree): Australia-headquartered hazardous and industrial waste management company providing regulated waste collection, treatment, and materials recovery services. Comparable as a regulated-waste operator expanding into specialized recycling streams, though geographically focused on Australia.
Market position
Strengths4 records
Weaknesses5 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Comstock Metals social profiles
Digital presenceComstock Metals compliance and trust
Trust signalCompliance2 records
Comstock Metals financial estimates
Financial estimateRevenue estimate
Valuation estimate
Comstock Metals leadership team
Management profileNumber of profiles
Profiles3 records
Comstock Metals funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Comstock Metals M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Comstock Metals
What does Comstock Metals do?
Comstock Metals operates solar PV module recycling facilities, collecting, preparing, and processing decommissioned solar panels to extract valuable materials including aluminum, silver, copper, and gallium. The company runs a California facility certified by the California Department of Toxic Substances Control as an authorized universal waste recycler and is building a Nevada materials recovery facility permitted to process over 3 million panels per year.
Is Comstock Metals a public or private company?
Comstock Metals is a private company. It is classified as corporate owned and is currently operating.
When was Comstock Metals founded?
Comstock Metals was founded in -1. It employs 51 to 100 people.
Where is Comstock Metals based?
Comstock Metals is headquartered in Vancouver, Canada, in the North America region.
How does Comstock Metals make money?
Two revenue lines are on record. Solar Panel Processing Fees are the primary driver. The others are recovered Materials Sales.
Who are Comstock Metals's main competitors?
Li-Cycle is listed as an emerging player. Broad incumbents are Aurubis, Veolia Environmental Services and First Solar. Direct peers are ROSI Solar, SolarCycle and We Recycle Solar. Cleanaway (formerly Toxfree) is listed as a regional player.
Does Comstock Metals have an API?
No public API is recorded for Comstock Metals.
What industry is Comstock Metals in?
Comstock Metals's product category is Solar Panel Recycling Services. Its primary akta.pro industry code is EUAMALAA, PV Module & Panel Recycling (Glass, Silicon, Metals Recovery), with a secondary code of EUAMABAM, Solar End-of-Life, Recycling & Decommissioning (Panels, Inverters, Racking). Its NAICS code is 562920 and its SIC code is 3341.