Comstock Inc. (NYSE American: LODE) released a letter to shareholders from Chief Executive Officer Corrado De Gasperis outlining the company's strategic direction and plans to monetize legacy assets.

The Virginia City, Nevada-based company said it is in discussions with mining companies for the sale of its mining assets, with an expected value of approximately $50 million. The transaction would provide cash upfront this year with additional payments over subsequent years, according to the letter.

Comstock has shifted focus from traditional mining to metal recycling operations, specifically processing end-of-life solar panels to extract aluminum, silver, copper, and glass. The company stated it has secured permits to expand industrial operations and received substantially all industry-scale equipment.

For 2026-2030, Comstock plans to deploy at least five solar panel recycling facilities, beginning with two in Nevada, and design a one-ton-per-day demonstration refinery. The company also intends to integrate storage facilities in California, Nevada, and Ohio.

The company also plans to monetize real estate investments, including assets held through Sierra Springs Opportunity Fund Inc. and thousands of acres of industrial, commercial, and residential property in Silver Springs, Nevada. These properties include locations currently leased for metal recycling facilities.

Comstock scheduled its 2026 Annual Shareholders Meeting for May 28, 2026, from 9:00 a.m. to 11:30 a.m. PDT, with additional networking sessions. The record date for voting eligibility is March 31, 2026.

The information was provided in a company press release statement.