Metal Recycling
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Greenwave Announces Receipt of a Staff Determination Letter from Nasdaq and That it Will Seek a Hearing & Continued Listing
Globenewswire· 2025-11-20 21:35
Core Viewpoint - Greenwave Technology Solutions, Inc. is facing potential suspension of its securities from Nasdaq due to non-compliance with filing requirements, specifically the failure to submit Quarterly Reports on Form 10-Q for multiple periods [1][3]. Company Compliance Status - The Company received a Staff Determination Letter from Nasdaq on November 18, 2025, indicating non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the lack of filing for the periods ended March 31, 2025, June 30, 2025, and September 30, 2025 [1][3]. - The Company filed its Quarterly Report for the period ended March 31, 2025, on November 19, 2025, and is working to file the remaining reports to ensure compliance [2]. Appeal Process - The Company has the option to appeal the Staff's determination by requesting a hearing before a Nasdaq Hearings Panel, which would temporarily stay the suspension of its securities for at least 15 days [4]. - A hearing request must be submitted by November 25, 2025, to avoid suspension, and hearings are typically scheduled 30-45 days after the request [4]. Company Overview - Greenwave operates 13 metal recycling facilities across Virginia, North Carolina, and Ohio, processing both ferrous and nonferrous scrap metal [5]. - The Company employs unique technologies to enhance processing volumes and efficiencies, including a downstream recovery system and a cloud-based ERP system [5]. Industry Context - Steel recycling is highlighted as a significant environmental benefit, reducing energy use and conserving natural resources compared to virgin metals [6]. - The Company aims to expand its operations by acquiring independent, profitable scrap yards in the near future [6].
Comstock Announces Appointment of Chief Financial Officer
Globenewswire· 2025-05-15 20:15
Core Viewpoint - Comstock Inc. has appointed Mr. Judd B. Merrill as Chief Financial Officer and President of its wholly-owned mining subsidiary, Comstock Mining LLC, effective May 19, 2025, to enhance its financial and operational capabilities in the mining sector [1][3]. Group 1: Appointment Details - Mr. Judd B. Merrill brings extensive experience in the mining and clean mineral technology industries, having served as CFO of Aqua Metals, Inc. and held key financial positions at Klondex Mines Ltd., Fronteer Gold Inc., and Newmont Mining Corporation [2][3]. - Mr. Merrill previously worked with Comstock for over six years in various roles, including CFO and Corporate Secretary, indicating familiarity with the company's operations [3]. Group 2: Executive Commentary - Mr. Corrado De Gasperis, Executive Chairman and CEO, expressed enthusiasm about Mr. Merrill's return, highlighting his systems-based approach and experience in Nevada-based mining and metal recycling, which aligns with the company's strategic goals [3]. - Mr. Walter "Del" Marting, Chairman of the Audit Committee, noted that Mr. Merrill's expertise will strengthen the company's financial organization, particularly in liquidity management, financial reporting, and regulatory compliance [5]. Group 3: Company Overview - Comstock Inc. focuses on innovating and commercializing technologies for efficient extraction and conversion of under-utilized natural resources into renewable fuels and recovered electrification metals [5].