Breaking Cleantech Stock News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) Furthers its Market Penetration in Oil & Gas Markets; @dynaCERT

Breaking Cleantech Stock News: dynaCERT (TSX: $DYA.TO) (OTCQX: $DYFSF) Furthers its Market Penetration in Oil & Gas Markets; @dynaCERT

 

TORONTO, June 27, 2024 - (Investorideas.com Newswire) dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce a follow-up purchase order of eighty-four (84) HG1 HydraGEN™ Units from its dealer, Simply Green Distributors Inc. ("Simply Green") of Alberta, destined for the leading oil and gas drilling contractor in Canada (the "Contractor").

 

This new purchase order is in addition to a recent purchase order of eighteen (18) HG1 HydraGEN™ Technology Units from Simply Green for use on the Contractor’s drilling rigs operating in Canada. This purchase order was received after an extensive and successful due diligence trial of HydraGEN™ Technology for a total deployment of 103 HydraGEN™ Units of dynaCERT.

 

In this application, dynaCERT’s HydraGEN™ Technology is designed to enhance the fuel economy of engines powering drilling rigs, reducing diesel usage and thus improving emissions performance.

 

This news is paid advertisement/ news disseminated on behalf of/issued on behalf of dynaCERT Inc.

 

Read this news, featuring DYA in full at https://www.investorideas.com/news/2024/06281DYA-Oil-Gas-Markets.asp

 

James Pearce, President & CEO of Simply Green stated, "With its impressive emissions reduction capabilities, dynaCERT’s HydraGEN™ Technology is quickly gaining popularity in the Oil & Gas industry as a cost-effective and environmentally friendly solution to reducing carbon footprints. As dynaCERT’s Western Canadian dealer, we have worked very thoroughly with the Contractor and dynaCERT personnel in the last year and thank them for the constructive outcome of everyone’s efforts."

 

Jim Payne, Chairman and CEO of dynaCERT, stated, "dynaCERT congratulates and thanks the Contractor and Simply Green for their commitment to reducing GHG emissions with our HydraGEN™ Technology. It is so important to dynaCERT to see such a strong pledge in our own country, Canada, after twenty years of R&D and constant improvements of our HydraGEN™ Technology. All our global key dealers, such as Simply Green, understand the need to reduce global warming, and all our outstanding clients operating worldwide support our commitments to the resources industry."

 

About Simply Green Distributors Inc.

Simply Green is proud to be one of the leading experts and distributors in hydrogen and continues to push for the development of new, innovative hydrogen products. Simply Green believes that investing in hydrogen is not just a smart financial decision, but also a moral imperative to help protect our planet and ensure the well-being of future generations. See: https://www.simplygreendistributors.ca/

 

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Website: www.dynacert.com

 

READER ADVISORY

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. In particular, information relating to Simply Green Distributors Inc. and the Contractor cannot be independently verified. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information. Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

 

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.

 

On Behalf of the Board of dynaCERT Inc.

Murray James Payne, CEO

Contacts

For more information, please contact:

dynaCERT Inc.

Jim Payne, Chairman & CEO

#101 – 501 Alliance Avenue

Toronto, Ontario M6N 2J1

+1 (416) 766-9691 x 2

jpayne@dynaCERT.com

 

dynaCERT Inc.

Nancy Massicotte

Investor Relations

+1 (416) 766-9691 x 1

nmassicotte@dynaCERT.com

 

dynaCERT Inc. (TSX:DYA.TO) (DYFSF) is a featured Renewable Energy / Fuel Cell stock on Investorideas.com

 

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Follow the Money in Metals Recycling – (NASDAQ: $GWAV) (NYSE: $RIO) (NYSE: $ALB) (NYSE: $LZM) (OTCQX: $NGLOY) (OTC: $GLNCY) @GreenwaveGWAV @AngloAmerican @Glencore @LifezoneMetals @AlbemarleCorp

Follow the Money in Metals Recycling – (NASDAQ: $GWAV) (NYSE: $RIO) (NYSE: $ALB) (NYSE: $LZM) (OTCQX: $NGLOY) (OTC: $GLNCY) @GreenwaveGWAV @AngloAmerican @Glencore @LifezoneMetals @AlbemarleCorp

 

Why the Big Miners are Jumping in

 

June 20, 2024 –Investorideas.com, a go-to platform for big investing ideas issues the second half of a two -part series looking at metals recycling.  The snapshot covers the growing demand and why big mining names are investing in the space, featuring Greenwave Technology Solutions, Inc. (Nasdaq:GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio.

 

As demand for copper and other metals continues to rise, supply becomes a big issue. Just looking at copper alone, a recent forecast said, “Copper demand could double by 2035. The main drivers are the revival in demand from Chinese manufacturers, the rebound of the global economy and the boom in investments in green technologies (e.g. renewables and electrical vehicles) and in AI technologies.”

 

Continued: Supply is expected to grow but not as fast as demand. This is primarily due to two factors: the time required for new mine construction and the ageing of already existing mines.  Looking at the time lines, big names in mining are investing in the future of recycling in addition to the current players focusing strictly on recycling.

 

Greenwave Technology Solutions, Inc. (Nasdaq:GWAV), a leading operator of metal recycling facilities in Virginia, North Carolina and Ohio say on their website, ”SCRAP IS THE NEW PRECIOUS METAL.”

 

Earlier this week, Greenwave announced that it has completed its recapitalization and is on track to generate record revenues in excess of $40 million driven by volume of steel and copper processed in 2024

 

In May, Greenwave reported that it is expecting to generate revenues exceeding $40 million during the year ended December 31, 2024. Growth is being driven by its Cleveland, OH and Virginia Beach, VA locations. The Company expects its second American Pulverizer 60x85 shredder will result in the Company being EBITDA positive and generating positive cashflow from operating activities.

 

This article featuring Greenwave Technology Solutions, Inc. is paid for news dissemination.

 

Read this article, featuring GWAV in full at https://www.investorideas.com/news/2024/renewable-energy/06201Metals-Recycling.asp

 

"With a significantly strengthened balance sheet, I believe Greenwave is well positioned for the next phase of growth," stated Greenwave CEO, Danny Meeks. "The investments we've made in Greenwave's infrastructure will facilitate significant growth in our copper and steel processing capacity, which we anticipate will create significant shareholder value."

 

For its 2024 outlook, Greenwave says on its website, “The installation of Greenwave's 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. Greenwave’s second automotive shredder is expected to come online this quarter and double the Company’s ferrous metal output. By selling its ferrous metal as shredded rather than unshredded, Greenwave generates approximately 25-30% more revenue with profit margins in excess of 60%.”

 

“The completion of Greenwave’s 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 its metal recycling.”

 

Big miners are also following the money trail and getting into the metals recycling game, including Anglo American (OTCQX:NGLOY) (LSE:AAL). Rio Tinto (NYSE: RIO) and Glencore plc. (OTC: GLNCY ) (LSE: GLEN).

 

As the Financial Post reported, “A US$700-million investment barely burns a hole in Rio Tinto Ltd.’s pocket. The sum is less than five per cent of its 2022 annual income of roughly US$16 billion and isn’t supposed to dominate headlines from a financial perspective.”

 

“But the mining giant’s Chief Executive, Jakob Stausholm will tell you that Rio’s recent purchase of a 50-per-cent stake in Brampton, Ont.-based Matalco Inc., a recycler of aluminum, is key to his company’s future and helped fill a gaping hole in its business.”

 

Getting the attention of some of the top mining investors, Lifezone Metals (NYSE: LZM), with a mission to provide cleaner and more responsible metals production and recycling, announced earlier this year, the signing of a binding subscription agreement for the issuance of US$50 million of convertible debentures with a consortium of marquee mining investors, led by Harry Lundin (Bromma Asset Management Inc.) and Rick Rule.

 

From the news: Proceeds will be used to continue activities at Lifezone’s flagship Kabanga Nickel Project, located in north-west Tanzania. Kabanga is believed to be one of the world’s largest and highest-grade undeveloped nickel sulfide deposits. The Kabanga Definitive Feasibility Study is on-track for completion in Q3 2024.

 

Last December, Lifezone announced the signing of a term sheet with a subsidiary of Glencore plc. (OTC: GLNCY) (LSE:GLEN) for a platinum, palladium and rhodium (collectively platinum group metals or “PGMs”) recycling project utilizing Lifezone Metals’ hydrometallurgical technology (“Hydromet”) to be based in the USA.

 

From the news: Phase 1 confirmatory piloting work has commenced in Perth, Australia using Hydromet to process and recover PGMs from responsibly sourced spent automotive catalytic converters.

 

From the news: Mr. Showalter stated, “By applying our Hydromet technology, we aim to responsibly recover platinum, palladium and rhodium from recycled sources in a cleaner and more efficient manner than otherwise possible through traditional smelting and refining. Following our acquisition of Simulus Labs in July, where we acquired the preeminent hydrometallurgical testing and engineering design group, we gained the capability to simultaneously advance our Kabanga Nickel Project through the continuing Definitive Feasibility Study while also investigating other important applications of our core Hydromet technology.”

 

Albemarle Corporation (NYSE:ALB), a leading provider of lithium, bromine and other essential elements. reports on its site, “As a market leader in battery grade lithium products, Albemarle and our R&D teams are committed to the development of an effective circular battery economy across the globe.”

 

Continued: The continued adoption of batteries for Mobility and Energy will require the deployment of technologies and infrastructure to incorporate spent batteries back into the supply chain. Recycled battery material drives more sustainable practices and improves resource security. The European Union has stipulated that by 2031 all batteries must contain 6% recycled lithium material and up to 12% by 2036. In the United States, batteries containing critical minerals recycled in North America are expected to support vehicle qualification for the Inflation Reduction Act consumer tax credit for EVs.

 

Continued: Recycling enables a closed-loop supply chain and comprises a series of steps that breaks down spent batteries into black mass, separates the different metal streams, and ultimately upgrades the waste streams into precursors for cathode manufacturing. We are using our expertise in refining lithium into high-purity products to get lithium sulfate from black mass back into the battery supply chain.

 

Grandview Research reports,”Growing environmental concerns about depletion of non-renewable resources, increasing harmful emissions from manufacturing plants, and improper waste disposal have led to the growth of the recycling industry, of which metal recycling constitutes a major part. Factors such as regulations about mining ores and increasing raw material prices are propelling the demand for recycled metal. The product reduces the manufacturing cost significantly, this benefit is further favoring its market growth.”

 

With big money at the table, and according to Researchandmarkets, the market projected to reach USD 767.9 billion by 2029, this sector is one to watch! 

 

Read part one of the series at Investorideas.com

https://www.investorideas.com/news/2024/renewable-energy/06181Recycling-Metal-Stocks.asp

 

Research more green stocks with Investorideas.com free stocks directory

https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

 

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Rare Earth Breaking News - Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Appoints Guy de Selliers as Chairman of the Board; @defensemetals

 

Vancouver, British Columbia - June 20, 2024 (Investorideas.com Newswire) Defense Metals Corp. ("Defense Metals" or the "Company") (TSX-V:DEFN / OTCQB:DFMTF/ FSE: 35D) is pleased to announce the appointment of Guy de Selliers as Chairman of the Board of Directors of the Company. 

 

Mr. de Selliers, a director of Defense Metals, is a highly experienced professional with an illustrious career and will bring over four decades of expertise and vision as the Chairman of the Boad of Defense Metals. 

 

Throughout his career, Mr. de Selliers has been a board member of numerous influential organizations including Solvay Group, Ageas Group, AG Insurance Belgium, Ivanhoe Mining, Advanced Metallurgical Group AMG, Norilsk Nickel, Wimm Bill Dann. He currently sits on the boards of I Pulse, a private high-tech company in France, The Cranemere Group Ltd., a privately held financial holding company in the UK, and Radix, a think-tank for the Radical Center (UK). He has been Chairman of the Board in a number of occasions most recently of AG Insurance, the largest Belgian Insurance company. He combines thus very strong corporate governance credential with extensive experience in mining, industry and finance. 

 

This news is paid advertisement/ news disseminated on behalf of/ issued on behalf of Defense Metals Corp.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2024/06201DEFN-Guy-de-Selliers.asp

 

About Defense Metals Corp. and its Wicheeda Rare Earth Element Project

Defense Metals Corp. is focused on the development of its 100% owned, 8,301-hectare (~20,534-acre) Wicheeda REE Project that is located on the traditional territory of the McLeod Lake Indian Band in British Columbia, Canada.

 

The Wicheeda REE Project, approximately 80 kilometres (~50 miles) northeast of the city of Prince George, is readily accessible by a paved highway and all-weather gravel roads and is close to infrastructure, including hydro power transmission lines and gas pipelines. The nearby Canadian National Railway and major highways allow easy access to the port facilities at Prince Rupert, the closest major North American port to Asia.

 

Defense Metals is a proud member of Discovery Group. For more information please visit:

www.discoverygroup.ca.

 

For further information, please visit www.defensemetals.com or contact:

 

Alex Heath

Vice President, Corporate Development  

Tel: 1 604-354-2491

Email: alex@defensemetals.com

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

Cautionary Statement Regarding “Forward-Looking” Information

 

This news release contains “forward–looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, the expectations and plans for the Wicheeda REE Project, the technical, financial and business prospects of the Company, its project, goals and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company's views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration and metallurgical results, risks related to the inherent uncertainty of exploration and development and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR+ (www.sedarplus.ca). While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain or obtain community acceptance (including First Nations), risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological, metallurgical, engineering and pricing assumptions, decrease in the price of rare earth elements, the impact of viruses and diseases on the Company’s ability to operate, restriction on labour and international travel and supply chains, loss of key employees, consultants, officers or directors, increase in costs, delayed results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward–looking statements or forward–looking information, except as required by law.

 

Defense Metals Corp. (TSX-V:DEFN /OTCQB:DFMTF) is a featured mining stock on Investorideas.com

 

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Recycling Metal Stocks – (NASDAQ: $GWAV) (NYSE: $LICY) (NASDAQ: $RDUS) (NASDAQ: $STLD) @GreenwaveGWAV @li_cycle @radiusrecycling

Recycling Metal Stocks – (NASDAQ: $GWAV) (NYSE: $LICY) (NASDAQ: $RDUS) (NASDAQ: $STLD) @GreenwaveGWAV @li_cycle @radiusrecycling

The Opportunities and the Players in Recycling Metal

 

June 18, 2024 – (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas issues the first of a two-part series looking at the benefits, opportunities and the players in metals recycling, featuring Greenwave Technology Solutions, Inc. (Nasdaq:GWAV), an operator of metal recycling facilities in Virginia, North Carolina, and Ohio.

 

Research and Markets reports, “The rising demand for consumer electronics is significantly driving the growth of the metal recycling market. As the production and consumption of devices such as smartphones, laptops, tablets, and household appliances increase, so does the generation of electronic waste (e-waste). These devices contain valuable metals like copper, aluminum, gold, and silver, which can be recovered and recycled. Recycling metals from e-waste is crucial for conserving natural resources and reducing the environmental impact of mining and processing new metals.”

 

How big is the opportunity?  Research and Markets says the metal recycling market size is estimated to be USD 551.9 billion in 2024, and it is projected to reach USD 767.9 billion by 2029.

 

Tapping into the growth story, Greenwave Technology Solutions, Inc. (Nasdaq:GWAV), an operator of metal recycling facilities in Virginia, North Carolina and Ohio announced today that it has completed its recapitalization.

 

This article featuring Greenwave Technology Solutions, Inc. is paid for news dissemination.

 

Read this article, featuring GWAV in full at https://www.investorideas.com/news/2024/renewable-energy/06181Recycling-Metal-Stocks.asp

 

Greenwave’s Recent Highlights:

•         On track to generate record revenues exceeding $40 million driven by volume of steel and copper processed in 2024

•         Strengthened balance sheet by approximately $80.5 million since February

•         Attracts $45.3 million in new capital infusions since March

•         Current cash balance of over $26 million

•         Strongest cash position in Company history

•         Business plan is now fully funded

•         No current need to raise additional capital

•         Company is now in full compliance with all Nasdaq listing requirements

•         Intends to utilize additional cash flow from operations to aggressively grow and increase processing volume

•         Anticipates starting operations of its second shredder this summer

•         Plans to expand its wholly-owned technology platform, ScrapApp.com, nationwide and continue AI development

•         Plans to enhance margins of its downstream processing system with implementation of new copper extraction technology

•         Evaluating accretive acquisitions and strategic partnerships

•         Chairman and CEO exchanged approximately $17.2 million of debt into equity

 

Another recycler, Li-Cycle Holdings Corp. (NYSE: LICY), a leading global lithium-ion battery resource recovery company announced at the end of May that it had entered into a partnership with Daimler Truck North America for recycling lithium-ion batteries.

 

From the news: Li-Cycle and DTNA have a partnership to recycle lithium-ion batteries from DTNA electric vehicles that reach the end of their life cycle. Recycling lithium-ion batteries is part of DTNA’s plans to maximize battery lifespans and reduce material waste to tackle global sustainability challenges. DTNA’s strategy emphasizes repairing, remanufacturing, repurposing, and recycling lithium-ion battery materials.

 

"We are proud to partner with companies such as DTNA to support their sustainability and carbon reduction goals," said Ajay Kochhar, Li-Cycle President and CEO. "Our environmentally friendly and safe recycling technologies can recover critical materials to help create a domestic closed-loop battery supply chain, giving new life to these battery materials and helping power the world’s transition to clean energy."

 

Radius Recycling, Inc.  (NASDAQ: RDUS), is one of the largest manufacturers and exporters of recycled metal products in North America with operating facilities located in 25 states, Puerto Rico, and Western Canada. Radius has seven deep water export facilities located on both the East and West Coasts and in Hawaii and Puerto Rico.

 

As one of North America's largest metals recyclers, Radius facilities acquire, process, and recycle millions of long tons of ferrous metals and hundreds of millions of pounds of nonferrous metals every single year. These recycled metals represent critical feedstock in the global economy, supporting production of bridges, buildings, cars, public transit and passenger rail systems, and appliances, as well as more metal-intensive technologies, such as wind turbines, hydropower dams, advanced battery storage systems, upgraded electricity lines and electric vehicle charging stations, new broadband and reliable high-speed internet technology, and data centers.

 

In their May investor presentation they note the Drivers for Recycled Metals Demand:

 

Increased metal intensity, including copper and aluminum, of lower carbon-based technologies (e.g., EVs, renewable energy, development of“smart grids”)

 

Anticipated structural shortage of critical materials (e.g., copper, nickel and lithium)

 

Global EAF steelmaking production growth

 

Domestic investments related to Infrastructure

 

Investment and Jobs Act, Inflation Reduction Act, and Buy Clean provisions

 

Steel Dynamics, Inc. (NASDAQ:STLD), is one of the largest domestic steel producers and metals recyclers in North America, based on estimated annual steelmaking and metals recycling capability, with facilities located throughout the United States, and in Mexico.

 

In the first quarter earnings they reported, “Compared to the sequential fourth quarter, first quarter 2024 operating income from the company’s metals recycling operations increased to $23 million, based on increased demand supporting higher volume and metal spread expansion. Domestic steel production utilization increased from 74 percent in the sequential fourth quarter to 77 percent in the first quarter 2024. The team did an excellent job executing in a falling price environment since December 2023 before prices stabilized in April.”

 

Looking ahead to its potential growth, Greenwave Technology Solutions, Inc. (Nasdaq: GWAV),  says on its site, “ We have 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.”

 

“We believe that these systems will create a solid foundation on which we can rapidly expand our facilities and scale our operations.”

 

Also as part of its strategy, GreenWave's wholly-owned subsidiary, Scrap App, Inc. ("Scrap App") previously announced it launched new AI-powered features to optimize pricing and sales. Greenwave anticipates Scrap App's planned national expansion, coupled with its AI strategy, will accelerate growth.

 

From the news: Greenwave is one of the first companies to utilize artificial intelligence in the $42.3 billion U.S. scrap metal industry (1). Scrap App has generated hundreds of thousands of dollars in revenue from end-of-life vehicles in the limited markets in which it's currently available -- Hampton Roads, VA, Richmond, VA, and Cleveland, OH.

 

American Recycler says,”There is indication that the metals recycling market is on the brink of substantial expansion, driven by the urgent need for an increased supply of critical minerals essential for the clean energy transition.”

 

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