GWAV is a unique clean energy play that is capitalizing on scrap metals like copper and steel all while building shareholder valueâ¦âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ âÍ Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â GWAV is a unique clean energy play that is capitalizing on scrap metals like copper and steel all while building shareholder value⦠Greetings Investors, Precious metals are a big component of Wall Street. Especially when times get scary, mom and pop are going to the market to buy gold and other precious metals. But did you know scrap is being considered by many the new precious metal? There is some lucrative money in scrap metal. The most valuable scrap has been copper, but you can also make money recycling aluminum, cast iron, car batteries, plumbing brass, stainless steel, large appliances, lead, transformers, and more. Stainless steel and copper have been some of the most valuable metals to sell, and scrapping for them is a booming business. [Infrastructural projects](~/AASl5QA~/RgRm4snyP0TDaHR0cHM6Ly93d3cuY29uc3RydWN0aW9uZGl2ZS5jb20vbmV3cy9iaWRlbi1hZG1pbmlzdHJhdGlvbi1yZXF1aXJlcy11cy1pcm9uLWFuZC1zdGVlbC1vbi1pbmZyYXN0cnVjdHVyZS1wcm9qZWN0LzYyMjI3Mi8_X2t4PV8tSFNwbzJ5OWxEV0plNWZLNngzNmJhSWZ1cXJZU2pybUl3SU5PanBPRjk3eXA1X28zN3dOb0lNek5UMGwyRFguVGE5cmhMVwNzcGNCCmT68kQAZV0s421SG3RyaXN0cmFtYmFsZHdpbjg3QGdtYWlsLmNvbVgEAAXhsQ~~) funded by the $1.2 trillion infrastructure package must only use iron and steel produced in the U.S. [Steel demand](~/AASl5QA~/RgRm4snyP0SuaHR0cHM6Ly93b3JsZHN0ZWVsLm9yZy9tZWRpYS1jZW50cmUvcHJlc3MtcmVsZWFzZXMvMjAyMy93b3JsZHN0ZWVsLXNob3J0LXJhbmdlLW91dGxvb2stYXByaWwtMjAyMy8_X2t4PV8tSFNwbzJ5OWxEV0plNWZLNngzNmJhSWZ1cXJZU2pybUl3SU5PanBPRjk3eXA1X28zN3dOb0lNek5UMGwyRFguVGE5cmhMVwNzcGNCCmT68kQAZV0s421SG3RyaXN0cmFtYmFsZHdpbjg3QGdtYWlsLmNvbVgEAAXhsQ~~) is forecast to grow by 1.7% in 2024 to reach 1,854.0 Mt. And then thereâs copper. One of the most valuable commodities in demand. The continued movement towards electric vehicles is a huge copper driver. EVs use about four times as much copper as regular internal combustion engine vehicles. With all that said, add Greenwave Technology Solutions, Inc. (NASDAQ: GWAV) to your radar! GWAV is a quietly trading NASDAQ company that is a leading operator of metal recycling facilities in Virginia, North Carolina, and Ohio. Trading at under $1 a share, the stock currently has a âBUYâ rating from [AmericanBulls.com](~/AASl5QA~/RgRm4snyP0SNaHR0cHM6Ly93d3cuYW1lcmljYW5idWxscy5jb20vU2lnbmFsUGFnZS5hc3B4P2xhbmc9ZW4mVGlja2VyPUdXQVYmX2t4PV8tSFNwbzJ5OWxEV0plNWZLNngzNmJhSWZ1cXJZU2pybUl3SU5PanBPRjk3eXA1X28zN3dOb0lNek5UMGwyRFguVGE5cmhMVwNzcGNCCmT68kQAZV0s421SG3RyaXN0cmFtYmFsZHdpbjg3QGdtYWlsLmNvbVgEAAXhsQ~~). The company anticipates generating significant revenue growth as it benefits from some of the worldâs most lucrative recycled materials! [(~/AASl5QA~/RgRm4snyP0RhaHR0cHM6Ly93d3cuZ3dhdi5jb20vP19reD1fLUhTcG8yeTlsRFdKZTVmSzZ4MzZiYUlmdXFyWVNqcm1Jd0lOT2pwT0Y5N3lwNV9vMzd3Tm9JTXpOVDBsMkRYLlRhOXJoTFcDc3BjQgpk-vJEAGVdLONtUht0cmlzdHJhbWJhbGR3aW44N0BnbWFpbC5jb21YBAAF4bE~) This is an exciting time to have your eyes on GWAV. - It was this past July that the company commenced the operation of a downstream processing system at its Kelford, NC facility. The operation now enables the company to recover millimeter-minus pieces of metal from its automotive shred residue or "fluff" as is known in the industry. - This month the companyâs Orbcon PTV balling mill is expected to commence operations. It is the final component of the downstream processing system! The balling mill is expected to significantly increase the copper recovery yields in the downstream processing of GWAVâs automotive shred residue, adding to revenues and gross margins. This downstream processing system is on track to generate in excess of $1,000,000 per month in revenue with 80%+ margins by the end of 2023! The company has already generated an average of $38,000 per business day in revenue, with margins exceeding 80%, from metal recovered by the downstream system since it commenced operations in July. "Greenwave has invested more than $15 million in capital expenditures over the past 18 months, which are expected to double the Company's ferrous metal processing capacity, grow our annual revenues to over $50 million, and significantly expand our profit margins. We are at an inflection point in Greenwave's growth trajectory and the Company is now positioned to significantly expand its footprint of metal recycling facilities in the coming quarters. We're grateful to Greenwave's shareholders for their early and continued support â we look forward to reporting back on our progress.â - Greenwave Chairman and Chief Executive Officer Danny Meeks Opportunity can be Earth-Friendly⦠Industrial recycling is the biggest step toward a circular economy. Much of the industrial waste that's produced today can be recycled. Recycling industrial and commercial materials can reduce emissions because producing new products from recovered materials often saves energy.Industrial waste contributes to climate change because manufacturing new products from virgin materials is much more resource and energy-intensive than using recycled materials. Keeping metal out of landfills slows down the rate at which they fill up, so there's less demand for new landfills to be created. And processing existing scrap to be reused is much less intensive than creating new metal, using fewer natural resources, and reducing greenhouse gas emissions.Steel is one of the world's most recycled products with the ability to be re-melted and re-cast numerous times. Recycling steel provides key environmental benefits over virgin metals, including reduced energy use, lower CO2 emissions, lower waste, and conserving natural resources.Copper's [recycling value](~/AASl5QA~/RgRm4snyP0TbaHR0cHM6Ly93d3cuY29wcGVyLm9yZy9lbnZpcm9ubWVudC9saWZlY3ljbGUvZ19yZWN5Y2wuaHRtbD9fa3g9Xy1IU3BvMnk5bERXSmU1Zks2eDM2YmFJZnVxcllTanJtSXdJTk9qcE9GOTd5cDVfbzM3d05vSU16TlQwbDJEWC5UYTlyaEwjOn46dGV4dD1Db3BwZXIlMjdzJTIwcmVjeWNsaW5nJTIwdmFsdWUlMjBpcyUyMHNvLG1ldGFsJTIwZnJvbSUyMG5ld2x5JTIwbWluZWQlMjBvcmUuVwNzcGNCCmT68kQAZV0s421SG3RyaXN0cmFtYmFsZHdpbjg3QGdtYWlsLmNvbVgEAAXhsQ~~) is so great that premium-grade scrap can retain up to 95% of the value of the primary metal from newly mined ore. For thousands of years copper was the only metal known to man. Today, it's one of the most used and reused of our "modern" metals.So how is GWAV using this to the companyâs advantage? Company Overview: Greenwave Technology Solutions, Inc., through its wholly-owned subsidiary Empire Services, Inc., is a leading operator of 13 metal recycling facilities in Virginia, North Carolina, and Ohio. The Company's recycling facilities collect, classify, and process raw scrap metal (ferrous and nonferrous) and implement several unique technologies to increase metal processing volumes and operating efficiencies, including a downstream recovery system and cloud-based ERP system. GWAVâs customers include large corporations, industrial manufacturers, retail customers, and government organizations. The Company plans to aggressively expand its footprint of locations by acquiring independent, profitable scrap yards in the coming months. Company Highlights: - Greenwave generated $1.23 million in positive cashflows from operations during the six months ended June 30, 2023, a new record for the Company.
- The company generated $18.46 million in revenues for the six months ended June 30, 2023, the second highest in the Companyâs history.
- The company expects to generate positive cashflows from operations and positive EBITDA for the year ending December 31, 2023.
- The company plans to aggressively expand its footprint of locations by rolling up independent, profitable scrap yards in the coming months.
- Subsequent to the close of the quarter, Greenwave closed a private placement for proceeds of $15 million, paying off all outstanding factoring advances and reducing its equipment financing debt by $2 million. Cleveland Facility GWAV formally opened its Cleveland metal recycling facility in April 2023 and is currently generating approximately $100,000 in revenue per month. In the Company's experience, it typically takes 9 to 12 months before a newly opened facility reaches its full volume and revenue potential â it takes time to optimize operations, inform the community that a new metal recycling facility is open, and for local businesses and individuals to get in the routine of bringing their metal to the new facility. The company has been installing a shear baler at this facility, expected to commence operations in August 2023, which will significantly increase the amount of metal the Cleveland facility can purchase, process, and sell. The Cleveland facility also has access to the adjoining railroad to easily transport the scrap metal it processes to steel mills and foundries. Hundreds of local businesses and individuals are accustomed to selling their metal scrap to facilities in the same vicinity on a regular basis. Given these factors, GWAV expects the monthly revenue generated by its Cleveland facility will ramp to over $500,000 per month in 2024!! Utilizing Technology to Optimize Operations: GWAV has recently implemented several technologies to increase metal processing volumes and operating efficiencies, including a cloud-based ERP system to manage inventories and operations along with a website with live metal prices for each location. The company believes that these systems will create a solid foundation on which it can rapidly expand its facilities and scale its operations. 2023 Outlook: The installation of GWAVâs second automotive shredder at its Carrollton facility to process cars, household appliances, and industrial products in now complete. The shredder is expected to commence operation as soon as the electrical infrastructure is completed. GWAVâs second automotive shredder is expected to come online this quarter and more than double the Companyâs ferrous metal processing capacity. By selling its ferrous metal as shredded rather than unshredded, the company generates approximately 33% more revenue with profit margins in excess of 60%. The completion of Greenwaveâs second automotive shredder concludes its multi-year capex cycle, under which the Company has invested more than $15 million in its infrastructure and equipment over the past 18 months. This capex cycle is expected to double its ferrous metal processing capacity from fiscal 2022 levels and result in the Company having the infrastructure to accretively scale to over 20 metal recycling facilities. In Summary⦠This is an excellent time for GWAV to capitalize on the hot commodities market with their operations. For nearly two decades the company has navigated Empire through numerous commodity cycles and this current one may be the most exciting yet. The electrification of the world has created an unprecedented demand for copper especially. GWAV has heavily invested in its infrastructure over the past year so that the company can meet the growing needs of its domestic and international customers while providing the best possible prices to our corporate, municipal, and individual suppliers. The infrastructure investments this little-known NASDAQ company has made these past several months may create significant shareholder value! 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