Comstock Inc. shares fall 2.20% intraday after announcing $10.5 million solar panel recycling facility purchase.

Comstock Inc. declined 2.20% during intraday trading, with the company announcing the purchase of all equipment for its 100,000 ton per year, certified zero-landfill industry-scale solar panel recycling facility in Silver Springs, Nevada. The total purchase price for all the equipment is approximately $10.5 million, with an additional $1.5 million planned for expanded storage capacity, utility upgrades, and commissioning. The company also announced that it had placed all of the purchase orders and paid deposits totaling $5.1 million toward the purchase.