Market Research Future added: "The recycling sector in the United States generates $116.8 billion in economic output while the increase in the construction of buildings owing to the increase in the disposal of building waste into landfills is another factor driving the growth of the metal recycling market revenue. For instance, 30% of all building materials brought to a normal construction site may be wasted. Also, nearly 145 million tonnes of waste were dumped in U.S. landfills in 2018 due to construction ...

Industry Overview - The rising demand for consumer electronics is significantly driving the growth of the metal recycling market, with increased production and consumption of devices leading to higher electronic waste generation [1] - The metal recycling market size is estimated to be USD 551.9 billion in 2024 and projected to reach USD 767.9 billion by 2029, indicating substantial growth potential [5] Company Highlights - Greenwave Technology Solutions, Inc. (NASDAQ: GWAV) has completed its recapitalization, strengthening its balance sheet by approximately $80.5 million since February, achieving the strongest cash position in company history [17][18] - Greenwave anticipates generating record revenues exceeding $40 million in 2024, driven by the volume of steel and copper processed [6] - The company has attracted $45.3 million in new capital infusions since March and has no current need to raise additional capital [12] - Greenwave plans to expand its technology platform, ScrapApp.com, nationwide and continue AI development to optimize pricing and sales [6][22] Market Dynamics - There is an anticipated structural shortage of critical materials such as copper, nickel, and lithium, which is driving demand for recycled metals [8] - Increased metal intensity in lower carbon-based technologies, including electric vehicles and renewable energy, is contributing to the growth of the recycling market [21] - The partnership between Li-Cycle Holdings Corp. and Daimler Truck North America for recycling lithium-ion batteries highlights the industry's focus on sustainability and resource recovery [19] Operational Developments - Greenwave is implementing several technologies to increase metal processing volumes and operating efficiencies, including a cloud-based ERP system [15] - The company is evaluating accretive acquisitions and strategic partnerships to further enhance its growth [12] - Radius Recycling, Inc. operates facilities across 25 states and is one of the largest manufacturers and exporters of recycled metal products in North America, processing millions of long tons of ferrous metals annually [7][20]

Company Strengthens Balance Sheet by $80.5 Million since February Company's Business Plan Fully Funded with No Current Need for Additional Capital Greenwave's Recent Highlights: Strengthened balance sheet by approximately $80.5 million since February Current cash balance of over $26 million Business plan is now fully funded Company is now in full compliance with all Nasdaq listing requirements Anticipates starting operations of its second shredder this summer Plans to enhance margins of its downstream proce ...

Forward-looking Statements CHESAPEAKE, Va., June 18, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that on June 17, 2024, the Company received formal notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has evidenced compliance for continued listing on The Nasdaq Capital Market. Accordingly, the previously announced listing matter has been ...

Company's Downstream Processing System Generated Record Revenues in May 2024 Greenwave Reiterates its Confidence in Exceeding Revenue Guidance of $40 million Driven by Both Increased Volume and Higher Prices Copper Prices Hit an All-Time High in May 2024 Due to Demand for Electric Vehicles and AI Technologies(1) CHESAPEAKE, Va., June 5, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolin ...

Common stock will begin trading on reverse split-adjusted basis on June 3, 2024 CHESAPEAKE, Va., May 29, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that it intends to effect a reverse stock split of its common stock, par value $0.001 per share (the "Common Stock") at a ratio of 1 post-reverse split share for every 150 pre-reverse split shares. The rev ...

Final Conversion of $18 Million in Convertible Debt Occurred Today Greenwave Eliminated an Additional $17.2 Million in Debt Held by Chairman Company Now Has No Convertible Debt or Preferred Shares Outstanding Greenwave Bolsters Balance Sheet with $21.8 Million in Cash CHESAPEAKE, Va., May 22, 2024 /PRNewswire/ -- Greenwave Technology Solutions, Inc. ("Greenwave" or the "Company") (Nasdaq: GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio, today announced that it has reti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 For the period ended March 31, 2024 Securities registered pursuant to Section 12(b) of the Act: | | | OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES ACT OF 1934 For the transition period from ___________to ____________ Commission File Number 001-41452 GREENWAVE TECHNOLOGY SOLUTIONS, INC. (Exact name of business as specifi ...

Greenwave Technology (NASDAQ:GWAV) stock just won't stop rallying as it has become a new favorite of traders on Reddit. This marks another day of increased trading for GWAV stock without any relevant news behind the rally. It saw similar movements yesterday despite notifying investors that it would be late filing its quarterly earnings report. The interest in Greenwave Technology comes amid a week of meme stock trading with the return of Roaring Kitty. This is the individual that started the meme stock rall ...

However, traders will note that Greenwave Technology Solutions won't be too delayed in its filing. The company says it plans to have this quarterly report filed by the end of the five-day extension period under Rule 12b-25 of the Securities Exchange Act of 1934. GWAV Stock Movement on Thursday Even with this delayed filing news, shares of GWAV stock are up today on heavy trading. That has more than 195 million shares changing hands. This is well above its daily average trading volume of about 26.7 million s ...