Greenwave Technology Solutions, Inc. (NASDAQGWAV) ("Greenwave" or the "Company"), a leader in metal recycling, today announced the launch of an advanced AI-powered operator in

Greenwave Technology Solutions (NASDAQGWAV) as launched an advanced AI-powered operator within its Scrap App subsidiary, aiming to transform the $32 billion U.S. auto recycling market. The AI Operator autonomously provides real-time quotes for junk cars, schedules vehicle pickups, and handles customer inquiries, enhancing scalability, reducing costs, and improving user experience. Scrap App is active in markets such as Hampton Roads, Richmond, and Cleveland, with plans to expand into the top 25 U.S. markets by the end of 2025. CEO Danny Meeks emphasized the technology’s potential to redefine the industry and accelerate growth.

Greenwave Technology Solutions (NASDAQGWAV) a leader in sustainable metal recycling, has won an exclusive contract with Virginia Beach, the largest city in Virginia. Under the agreement, Greenwave will be the sole provider of scrap metal recycling services, benefiting from the city’s generation of 800 tons of ferrous metal and 179,000 pounds of non-ferrous scrap in 2023, projected to bring in over $500,000 in 2024. As Virginia Beach’s only metal recycling facility, Greenwave leverages strategic proximity to NAS Oceana and the Port of Virginia, while its recent real estate acquisitions and robust municipal licensing create significant barriers to entry. Focused on government contracts, the company supports major infrastructure projects, federal operations, and municipal vehicle recycling, aligning with its growth strategy.

Greenwave Technology Solutions (NASDAQGWAV), announced a $4 million direct offering and private placement, issuing 7,544,323 shares at $0.5302 per share and warrants exercisable at the same price, pending stockholder approval. The financing supports Greenwave’s rare earth recovery initiatives amid global supply chain challenges, leveraging advanced technologies to extract materials from lithium batteries and electronic components while exploring a dedicated recovery facility. Strategically located near Naval Station Norfolk, Greenwave’s facilities benefit from premium scrap streams, enhancing its leadership in sustainable metals recovery.

Greenwave Technology Solutions (NASDAQGWAV), a leading operator of 13 metal recycling facilities in the Mid-Atlantic, has canceled its January 2025 Special Meeting of Stockholders, originally scheduled for Jan. 10. The company, headquartered in Chesapeake, Va., supplies ferrous and non-ferrous metals to major steel mills and industrial conglomerates, supporting critical infrastructure projects and national security initiatives. Greenwave employs 167 workers across Virginia, North Carolina, and Ohio.

Greenwave Technology Solutions (NASDAQGWAV), a leading metal recycler operating in Virginia, North Carolina, and Ohio, has announced revenue guidance of $43–$45 million for fiscal year 2025. Key growth drivers include a $15–$35 million hurricane recovery contract, rising domestic sales anticipated to reach 75%, and increased demand for high-quality recycled metals from U.S. steel producers. With exclusive operational licenses, advanced technology platforms, and strategic proximity to industrial hubs, Greenwave is positioned for sustained growth. The company has significantly strengthened its financial position, reducing liabilities by 64% in 2024, and plans to expand its Scrap App into 25 top U.S. markets in 2025.

Greenwave Technology Solutions (NASDAQGWAV), a prominent metal recycler, announced the expansion of its rare-earth metal recovery operations, targeting high-demand materials like gallium, germanium, and antimony. Prompted by China’s export ban on these critical resources, Greenwave has fast-tracked its proprietary recycling technologies, leveraging its strategic location near the Port of Virginia to source premium scrap from defense and industrial sectors. The company anticipates significant revenue growth in FY 2025 through its efficient recovery processes and investments in advanced equipment and workforce training, positioning itself as a leader in the rare-earth recycling market.

Greenwave Technology Solutions (NASDAQGWAV) reported significant improvements in its financial position, reducing liabilities by 64% and growing current assets by 635% from December 2023 to September 2024. The company secured substantial government contracts, including one valued at $15–$35 million tied to Hurricane Helene recovery and another for recycling 550,000 pounds of non-ferrous metal. Greenwave stands to benefit from increased domestic demand for recycled metals, supported by U.S. trade policies and the opening of Nucor’s steelmaking facility in 2025. Additionally, recent insider purchases of shares signal strong leadership confidence as Greenwave leverages its strategic location, operational licenses, and key supplier relationships to capitalize on industry growth and consolidation.

Greenwave Technology Solutions (NASDAQGWAV), a leading sustainable metal recycling company, announced it has been awarded an exclusive government contract to recycle 550,000 pounds of non-ferrous metal, projected to increase Q4 2024 and Q1 2025 revenues by $2 million. Operating 13 recycling facilities across Virginia, North Carolina, and Ohio, Greenwave leverages its extensive footprint, regulatory licenses, and recent strategic real estate acquisitions to strengthen its market position. The company continues to focus on government contracts, with initiatives tied to infrastructure projects, abandoned vehicle recycling, and U.S. Federal operations, benefiting from its proximity to Naval Station Norfolk and the Port of Virginia.

Greenwave Technology Solutions (NASDAQGWAV), a sustainable metal recycling leader, is set to generate $15–$35 million in revenue through a subcontract with Core Tree Care, Inc., tied to an Army Corps of Engineers prime contract. The company is contributing to recovery efforts following Hurricane Helene by processing and removing trees near Asheville, North Carolina, using advanced wood recycling equipment valued at $1.4 million each. Greenwave, led by Chairman and CEO Danny Meeks, leverages decades of expertise in disaster recovery and federal contracts to expand into new revenue streams while maintaining focus on high-value government contracts, including critical infrastructure projects and municipal recycling agreements.

Greenwave Technology Solutions (NASDAQGWAV), a leader in metal recycling across Virginia, North Carolina, and Ohio, announced strategic initiatives aimed at driving shareholder value. The company recently acquired real estate for seven core facilities, cutting annual rent costs by $1.7 million and improving cash flow. With a 20-year relationship with Sims Metal, generating $20.7 million in revenue in 2023 alone, Greenwave remains a trusted player in the consolidating scrap metal industry. Benchmark acquisitions in the sector, such as Sims Metal’s $220 million purchase of Baltimore Scrap Corp., highlight significant valuation potential. Positioned within a growing domestic steel market, Greenwave aims to leverage its strong operational base and industry relationships to capitalize on rising demand and policy shifts favoring sustainable, domestically sourced metals.

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Greenwave Technology Solutions (NASDAQGWAV) is set to benefit from the 2025 opening of Nucor Corporation’s advanced steelmaking facility in Lexington, North Carolina, which will process 430,000 tons annually using nearly 100% recycled materials. As a major regional supplier, Greenwave operates five facilities in North Carolina and has a history of supporting Nucor’s operations, including critical national security projects. With a projected shift to 75% domestic revenue by 2025, driven by federal infrastructure investments and anticipated trade policies, Greenwave is strategically positioned to meet surging demand for sustainable, domestically sourced metals in defense and construction markets.

Greenwave Technology Solutions, Inc. (NASDAQGWAV) shares are trading higher Tuesday following the company's announcement that it acquired real estate for seven of its core metal recycling facilities, a move expected to enhance its financial and strategic position. Here's what you need to know.

Greenwave Technology Solutions (NASDAQGWAV) has acquired the real estate for seven of its key metal recycling facilities, reducing annual rent expenses by approximately $1.7 million and improving cash flow. The strategic purchase, facilitated by CEO Danny Meeks, strengthens Greenwave’s operational foundation and positions the company for future growth and potential strategic transactions. Greenwave’s portfolio includes highly protected operational licenses that create significant barriers to entry in tightly regulated markets, with flagship facilities in Norfolk, Virginia Beach, and Portsmouth, VA, strategically located near critical industrial and shipping hubs.

Greenwave Technology Solutions (NASDAQGWAV), a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio, expects U.S. steel import tariffs under President-elect Trump’s administration to drive revenue growth and margin expansion in fiscal year 2025. Drawing on CEO Danny Meeks’ experience during Trump’s first term, when similar policies boosted domestic recycled metal prices, Greenwave highlights its strategic position in the industry. The company supplies mill-ready shred to major steel producers, including Nucor Corporation and Cleveland-Cliffs, Inc., leveraging over two decades of expertise and established supply channels to capitalize on favorable market conditions.

Greenwave Tech Solns just reported results for the second quarter of 2024.

Greenwave Tech Solns just reported results for the first quarter of 2024.

With Enough Cash In The Coffers, Greenwave Is Putting Its Growth Plans To Work

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Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), an operator of metal recycling facilities across Virginia, North Carolina, and Ohio, has achieved a groundbreaking milestone through its subsidiary, ScrapApp.com. The digital platform has recently set a new daily record for the number of cars purchased, highlighting the growing impact of artificial intelligence (AI) in the robust $42.3 billion U.S. scrap metal industry.