Research from Water Tower Research, Water Tower Research

Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Research from Water Tower Research

Equity Research Firm

Equity Bottom-Up

<ul><li>Comstock, Inc. (LODE) is a Nevada-based renewable and sustainable metals company with additional investments in renewable fuels, mineral properties, and real estate. </li><li>Its high-volume solar panel recycling technology diverts end-of-life solar panels from landfills and recycles 100% of the commodities that go into them like silver, aluminum, and other valuable and scarce resources. </li><li>LODE’s largest single investment is Bioleum Corp., which develops an Oklahoma-based project to convert waste streams and energy crops like woody biomass into ultra-low carbon fuels like sustainable aviation fuel (SAF).</li></ul>

Comstock, Inc. (LODE) is a Nevada-based renewable and sustainable metals company with additional investments in renewable fuels, mineral properties, and real estate. Its high-volume solar panel recycling technology diverts end-of-life solar panels from landfills and recycles 100% of the commodities that go into them like silver, aluminum, and other valuable and scarce resources. LODE’s largest single investment is Bioleum Corp., which develops an Oklahoma-based project to convert waste streams and energy crops like woody biomass into ultra-low carbon fuels like sustainable aviation fuel (SAF).

LODE: A Transformative 3Q25; Funded with Zero Debt, Near Fully Permitted, and Ready to Scale