#United States #recycling #Greenwave #Nucor #Chesapeake, Virginia

Greenwave Technology Solutions Positioned for Growth

Greenwave Technology Solutions, Inc. (Nasdaq: GWAV), a prominent player in metal recycling across Virginia, North Carolina, and Ohio, is strategically positioned to benefit from the upcoming launch of Nucor Corporation's state-of-the-art steelmaking facility in Lexington. With an impressive processing capacity of 430,000 tons annually, primarily sourced from recycled materials, this facility is expected to significantly boost the regional demand for recycled steel.

Supporting Demand with Proven Operations

Greenwave stands as a major supplier of recycled steel in North Carolina, managing five metal recycling facilities outfitted with advanced shredding technology. Moreover, the company has consistently supported Nucor by supplying vital steel to its Hertford mill, which is essential for producing critical infrastructure elements such as bridges, heavy machinery, and even naval vessels for national security, including the USS Gerald Ford aircraft carrier valued at an impressive $13 billion.

Key Growth Factors and Market Opportunities

The resurgence of infrastructure projects in the South Atlantic Region, driven by recent federal investments, is creating unparalleled demand for recycled metals. Furthermore, Greenwave anticipates a significant shift in its revenue composition, projecting that 75% of earnings will stem from domestic sales in 2025, a stark increase from 41% over the last four years. This change is largely attributed to anticipated tariffs and trade policies that are likely to reshape the landscape of global steel production.

The emphasis on sustainability is another critical factor that aligns with Greenwave's operations. As a company running 13 strategically placed recycling centers, Greenwave is at the forefront of sustainable practices, contributing essential ferrous and non-ferrous metals that are crucial for the defense and infrastructure sectors in the United States.

Unlocking Value for Stakeholders

Greenwave's robust operational network and established relationships with industry giants, such as Nucor Corporation and Cleveland-Cliffs, Inc., position it to effectively harness domestic demand's growth potential and navigate favorable policy changes. In a market witnessing a pivot towards sustainable and locally sourced metal supplies, Greenwave is set for accelerated growth.

About Greenwave Technology Solutions

Greenwave Technology Solutions, Inc. operates 13 recycling facilities and serves leading steel producers and industrial companies by supplying essential metal materials. Renowned for its contributions to critical infrastructure and naval projects, Greenwave emphasizes sustainability, advocating for domestically recycled materials as fundamental to American security and development. Headquartered in Chesapeake, Virginia, the company employs 167 staff members across its operations in Virginia, North Carolina, and Ohio. For more in-depth financial information and updates, visit www.GWAV.com.

Forward-looking Statements

This report contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Terms such as "could," "believe," "anticipate," and similar expressions indicate these statements which should not be taken as absolute predictions. These statements reflect Greenwave's current plans and expectations, but actual results can vary significantly due to various risks and uncertainties. Stakeholders are encouraged to consider these factors when evaluating forward-looking assessments. The company makes no commitment to update these statements unless legally required.