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Greenwave Technology Solutions CEO Danny Meeks to Discuss Metal Tariffs

Today, Danny Meeks, the Chief Executive Officer and Chairman of Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), will make an appearance on Fox Business Network's popular segment, Varney & Co. The interview is anticipated to provide insights into the ongoing changes in the metals market, particularly focusing on the increased prices and demand for U.S. scrap metal. This surge has been significantly influenced by President Trump's recent announcement regarding new tariffs on steel and aluminum, set to take effect on March 12, 2025.

This notable interview comes at a crucial time for Greenwave as the company is poised to capitalize on the anticipated growth arising from the tariffs. With the U.S. steel and metals industry increasingly looking at domestic sources for their materials, Greenwave is strategically positioned at the forefront of this shift. The company operates 13 metal recycling facilities across Virginia, North Carolina, and Ohio, positioning it as one of the key players in supplying mill-ready shreds and recycled metals to leading steel mills and industrial partners.

As Meeks discusses these developments, he will likely outline the forecasted increase in revenue for Greenwave, which has raised its revenue guidance for fiscal year 2025 to between $47-50 million. This optimistic outlook is attributed to the rapidly changing industry dynamics and the growing demand for recycled metals in the U.S.

Greenwave’s exceptional location plays a vital role in its robust supply chain. The company's facilities are located in areas that are not only strategically important for the recycling industry but are also integral to supporting various infrastructure projects that are crucial for national security. With the implementation of higher tariffs, it is expected that domestic sourcing will become more prevalent, leading to amplified profit margins for the company.

Moreover, Danny Meeks' appearance on Fox Business will offer viewers a detailed understanding of how these tariffs are likely to shape the market landscape, benefiting companies like Greenwave that are committed to sustainable operations. Greenwave’s commitment to supplying 100% domestically-sourced metals not only strengthens its position in the market but also aligns with the global shift toward sustainability and the recycling economy.

The broad implications of Metal Tariffs on the scrap and recycling industry are significant. Various stakeholders within this sector, including manufacturers, recyclers, and end-users, are closely watching how these tariffs will impact their operations and profits. As the interview unfolds, Meeks is expected to address these concerns and offer insights into the company's strategies moving forward.

In conclusion, Meeks' insights are anticipated to reveal how Greenwave intends to navigate these changes while driving growth and maintaining its competitive edge in the market. As the company solidifies its reputation as a reliable supplier in the recycling industry, it will be interesting to see how the broader economic landscape will adapt to these new tariffs. This conversation on Fox Business will be key in illuminating the future of recycling and metal sourcing in the U.S.

To keep up with Danny Meeks' thoughts on this pivotal topic, viewers can tune in to Varney & Co. today at 11:30 a.m. EST. For further details on Greenwave Technology Solutions and its operations, visit www.GWAV.com.