Comstock Inc. (NYSE American: $LODE) reported 1Q26 results as execution continues accelerating across its renewable metals, solar recycling, and infrastructure platform strategy. 🔹 Plant #1# commissioning remains on track for end-2Q26 operations, positioning Comstock to benefit from tightening silver markets and growing end-of-life solar panel recycling demand 🔹 The company completed a $57.5MM equity raise, eliminated all legacy debt, and increased exposure to Nevada data center and infrastructure opportunities through its SSOF stake 🔹 Management expects the first recycling facility to achieve direct operating cost coverage at just 20% utilization, with improving economics supported by higher silver prices and domestic tailings demand Check out Peter Gastreich's full report for more!' $LODE #Solar# #Recycling# #CriticalMetals# #Silver# #RenewableEnergy# #DataCenters# #Infrastructure# #NYSEAmerican# #SmallCap# #Stocks# #WaterTowerResearch# @comstockinc

Critical Metals $CRML is having its best day of the year today, up 37% and now trading at its highest price in almost 3 months 🚨 If you think the strength continues and want magnified exposure, consider the Tradr 2X Long CRML Daily ETF $CRMX from @TradrETFs

EUROPEAN LITHIUM AND CRITICAL METALS HAVE ENTERED A SECOND DEED TO AMEND THEIR SCHEME IMPLEMENTATION DEED, WITH THE AMENDED SCHEME INTRODUCING A FLOATING SHARE SCHEME DEAL RATIO INTENDED TO REDUCE THE IMPACT OF MOVEMENTS IN THE CRML SHARE PRICE.

🌊Good update on the critical metals resting on the deep seabed TLDR; “Who extracts these minerals will determine more about the next century than most of the decisions being made in Washington… The floor of the Pacific is the last great untapped resource extraction prize on Earth.” Excerpts: “The target for this mining is a 104.5 million acre stretch of seabed between Mexico and Hawaii known as the Clarion-Clipperton Zone (CCZ), where US Geological Survey estimates suggest deposits contain more nickel, cobalt, and manganese than all known worldwide land-based reserves combined. The full CCZ is estimated to contain up to 30 billion metric tons of nodules — a deposit, at current valuations, worth up to $18.4 trillion. Critical minerals demand is accelerating beyond what the existing supply system was designed to handle. By 2035, EVs could account for as much as 70% of global new car sales. The critical minerals supply system has no plausible path to keeping pace. In the US alone there are 570 gigawatts of battery storage projects waiting to be added to the grid. The International Energy Agency (IEA) has projected that demand for battery metals could grow by a factor of 30x by 2040 from 2024 levels. Battery storage costs will fall another 35–55% by 2035. At that level, the economic case for new gas-fired power plants collapses because storage can undercut gas on price while performing the same grid-balancing function. But this plummeting cost curve assumes a steady flow of raw materials, an assumption that currently rests on shaky ground. The biggest risk to this energy transition is a lack of mines. The IEA estimates the world needs 80 new copper mines, 70 new lithium mines, and 70 new nickel mines to meet projected demand. Historically new copper mines take 15-20 years or longer to come online. Closing this gap through conventional mining alone is functionally impossible. The structural supply shortage of the materials we need to electrify our economies will redraw the map of global power. Instead of Saudi Arabia and other petrostates holding the world politically hostage, power could shift to what we might call electrostates that possess or control the critical minerals needed for electrification. The largest electrostate is China. Chinese companies control significant shares of global cobalt and manganese extraction in Africa and elsewhere and have locked up supply through overseas mining investments as part of a deliberate industrial strategy. China is the dominant refiner for 19 of the 20 minerals analyzed in the IEA’s Global Critical Minerals Outlook 2025. The country manufactures more than 80% of the world’s finished batteries and controls over 98% of lithium iron phosphate battery cell production. What [Metals Company CEO] Barron was offering President Trump, in his own words, was “an amazing way of catching up from what is a very distant second place to China when it comes to critical minerals.” Four days after that Oval Office meeting, Trump signed an executive order directing the US government to expedite seabed mining licenses in international waters... Any environmental concerns must be balanced with the reality that open-pit mining is more ecologically destructive than the methods proposed by Western deep-sea mining companies; open-pit mining projects are mostly located in countries with weaker environmental protections than the international frameworks governing the CCZ. The relevant comparison here is between different forms of mineral extraction, because extraction is necessary and environmental costs can only be mitigated, not eliminated. The Metals Company’s PATANIA III collector vehicle uses hydraulic suction to skim nodules from the seafloor rather than the bulldozing motion of earlier prototypes, reducing sediment disturbance by roughly 90%. ‘Copper is the new oil,’ according to Robert Friedland, a legendary mining industry figure and one of the first investors in Apple. Copper is why the economics of deep-sea mining are becoming newly compelling. Copper has no real substitute. It’s also embedded in virtually every system that carries an electrical current. China reversed course on deep-sea mining, a position it had resisted for decades. Beijing’s calculation had changed because land-based mineral strategies in Africa were proving expensive, politically unstable, and increasingly exposed. China now holds more deep-sea exploration licenses than any other country and has built a large fleet of research and survey vessels operating across the Pacific and Indian Oceans. The appeal of deep-sea mining to China, which prizes self-sufficiency above all else, is apparent. The ocean asks nothing of you. Unlike developing nations, the ocean won’t attempt to nationalize your assets or default on a loan or hold elections with unpredictable consequences for your investments. In the March 2026 issue of Qiushi, the Chinese Communist Party’s top theoretical journal, an editorial declared 'The 21st century is the century of the ocean; whoever wins the ocean wins the future. China is one of the earliest nations in the world to develop and utilize the ocean ... We must deeply implement Xi Jinping’s vision to build a maritime power.' If the Chinese pursue deep-sea mining as part of an integrated strategy to control the world’s oceans, the US must treat it as a mandatory theatre of competition. The Trump administration is pushing forward. NOAA and the Bureau of Ocean Management are accelerating permitting. In late March, the US and Japan signed a memorandum of cooperation to jointly advance deep-sea mining. Who extracts these minerals, and under what legal framework, will determine more about the next century than most of the decisions being made in Washington right now. A CCZ developed under American legal frameworks produces a different world than one developed under Chinese state direction, with output flowing into Chinese refineries, Chinese battery factories, and Chinese defense supply chains. The floor of the Pacific is the last great untapped resource extraction prize on Earth.” — From: $TMC

I recently sat down with a $4.5B critical metals CEO. Here's what I learned. It's been a strong week for mining stocks, especially after the market got a reminder of the long game the Trump Admin is playing with another $3B in commitments. But overall, many rare earth / mining stocks have underperformed heavily this year, even despite a massive rally in high beta stocks after the Iran ceasefire. $TMC: -42.3% YTD $LAC: -27.8% YTD $TMQ: -13.2% YTD $NB: -9.3% YTD $CRML: -5.3% YTD So I thought it'd be interesting to share my takeaways from interviewing Lewis Black, CEO of Tungsten miner $ALM about the overall sector and of course Tungsten specifically. 1) As for the sector's underperformance, Lewis attributed it to the "dreaded junior miner". Basically there's been a surge in mining companies, without any operating mines, getting funding or hype in the last year based on all the Trump funding. You need to find companies with real operating mines, growing revenue and profits, with management teams invested alongside. If there's no permits, it is a multi-year, long story... 2) Why should retail care about critical metals at all? Because there's no AI without them. His analogy was that you can bake the greatest cake in the world but not without wheat. Every semiconductor on earth needs tungsten gas during fabrication, tiny amounts, zero substitutes. The AI trade has run through chips, then memory, now power. Almost nobody is pricing the raw inputs sitting underneath all of it. 3) Permitting and processing are where the real moat lives, not in the ground. He's watched an enormous amount of capital get destroyed in this space, and his read is that basically every mine outside his own in Tungsten that has tried to open has failed, because processing is the hard part. That's the part promoters skip. The ore body is the easy story to sell. Turning it into product that a customer will actually take is where projects die. 4) The best geopolitical filter I heard all year. Someone gave Lewis this framework and he passed it on. When you're assessing a critical metals project, ask whether in the event of World War Three it would still supply the United States. That single question kills most of the map. It's why a lot of headline projects in jurisdictions everyone is excited about right now don't clear the bar. 5) The bigger picture is China moving downstream, and it applies to the whole complex. Defense demand is about to pull hard on supply that doesn't exist yet, and something has to give. Lewis's bet is that less essential sectors like autos lose access first, and Europe would rather accept Chinese finished components than slow their lines. China spent 30 years selling the West cheap raw material. Now they take the value-add layer. That's the shift investors should be positioning around, not just the spot price of any one metal.