Greenwave Technology Opens 12th Metal Recycling Facility in Fairmont, NC

More than 60% of Greenwave's outstanding common shares as of the record date participated in the Company's annual shareholder meeting either in person or via proxy.

SEATTLE (Scrap Monster): Greenwave Technology Solutions, Inc. ('Greenwave' or the 'Company') (NASDAQ: GWAV), a leading operator of 12 metal recycling facilities in Virginia and North Carolina, is pleased to announce its 12th metal recycling facility has opened in Fairmont, NC. With one of the largest footprints of metal recycling facilities in the mid-Atlantic region, Greenwave supplies some of the world's leading steel mills with a continuous supply of ferrous and non-ferrous metal.

Additionally, as disclosed in Greenwave's Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on November 29, 2022, at Greenwave's annual meeting of shareholders held on the same date, Greenwave's shareholders overwhelmingly approved each of proposed corporate actions and elected the Company's existing board of directors by a wide margin. More than 60% of Greenwave's outstanding common shares as of the record date participated in the Company's annual shareholder meeting either in person or via proxy.

'We are grateful to Greenwave's shareholders for their unwavering support and we are committed to delivering on our aggressive growth strategy,' stated Danny Meeks, Chief Executive Officer of Greenwave. 'For us to open the Fairmont facility, we ultimately had to replace the roof, remodel the office, and install new scales - but believe its contribution to our metal volumes and revenue will make it well worth the hard work and long delay. In the coming weeks, we expect to open our 13th location, bring our second automotive shredder online, and release our growth plans for 2023. With the strongest balance sheet in our corporate history, we believe Greenwave is optimally positioned to create shareholder value in the coming quarters.'

Courtesy: www.marketscreener.com

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