Comstock Inc. (NYSE: LODE) (“Comstock” and the “Company”) today announced its participation in the ribbon-cutting event for Green Li-ion’s first commercial battery recycling and remanufacturing facility, producing precursor cathode active materials (“PCAMS”) in Atoka, Oklahoma.
Comstock’s Chairman and CEO Corrado De Gasperis participated in the ribbon-cutting event at the new, first-of-its-kind, PCAM facility. Earlier this year, Green Li-ion, a lithium-ion battery recycling technology company, announced the launch of its first commercial-scale installation to produce sustainable, battery-grade materials. This facility produces valuable products from recycled end of life batteries using Green Li-ion's patented technology.
Comstock’s own recycling business, Comstock Metals, recently commissioned its own first-of-kind solar photovoltaic recycling facility, delivering a 100% closed loop, zero-landfill solar panel recycling process in Silver Springs, Nevada.
“We seed-invested in Green Li-ion in 2021, with a sub-TRL3 idea and the common goal of accelerating the commercialization of decarbonizing, clean technology and enabling an U.S.-based electrification product supply chain. This is the second industry leading commercialization that we helped enable in just the past three years. Recycling electrification products and materials is foundational for enabling systemic decarbonization and a very practical and effective solution for sustainably meeting the critical material needs of this clean energy transition,” said De Gasperis.