Thursday, June 20, 2024

Cancer Treatment stocks to watch (NASDAQ: $AEMD) (NYSE: $MRK) (NYSE: $BMY) (NYSE: $ABBV) @Merck @bmsnews @abbvie

 

Cancer Treatment stocks to watch (NASDAQ: $AEMD) (NYSE: $MRK) (NYSE: $BMY) (NYSE: $ABBV) @Merck @bmsnews @abbvie

 

What’s next in Treatments for Cancer Patients with Solid Tumors?



June 20, 2024 - Investorideas.com, a go-to investing platform, releases an industry snapshot  looking at the future treatment of solid cancer tumors, featuring Aethlon Medical, Inc. (Nasdaq:AEMD), a medical therapeutic company focused on developing products to treat cancer and life-threatening infectious diseases.

 

Research released this year predicts, “The solid tumor therapeutics market size will grow from USD 222.71 Billion in 2023 to USD 885.44 Billion in 10 years. Increasing investments of pharmaceutical companies in Research & Development will drive the solid tumor therapeutics market's growth. North America emerged as the largest market for the global Solid Tumor Therapeutics market, accounting for 44% of the total market share globally.”

 

Current drugs available including Merck & Co., Inc.’s (NYSE:MRKKeytruda® (pembrolizumab) and Bristol Myers Squibb’s (NYSE: BMY) Opdivo® (nivolumab), solve part of the problem but the success rates call for additional solutions.   

 

Aethlon Medical, Inc. (Nasdaq: AEMD) announced this week that, on June, 13, 2024, the Human Research Ethics Committee (HREC) of the Central Adelaide Local Health Network (CALHN) granted full ethics approval for Aethlon’s safety, feasibility and dose-finding clinical trial of the Hemopurifier® in cancer patients with solid tumors who have stable or progressive disease during anti-PD-1 monotherapy treatment, such as Keytruda® (pembrolizumab) or Opdivo® (nivolumab) (AEMD-2022-06 Hemopurifier® Study). The approval is valid for three years, until June 13, 2027. The trial will be conducted by Prof. Michael Brown and his staff at the Cancer Clinical Trials Unit, CALHN, Royal Adelaide Hospital, located in Adelaide, Australia.

 

Currently, only approximately 30% of patients who receive pembrolizumab or nivolumab will have lasting clinical responses to these agents. Extracellular vesicles (EVs) produced by tumors have been implicated in the spread of cancers as well as the resistance to anti-PD-1 therapies. The Aethlon Hemopurifier® has been designed to bind and remove these EVs from the bloodstream, which may improve therapeutic response rates to anti-PD-1 antibodies. In preclinical studies, the Hemopurifier® has been shown to reduce the number of exosomes from the plasma of cancer patient samples.

 

This article featuring Aethlon Medical, Inc. is paid for news dissemination

 

Read this article featuring AEMD in full at https://www.investorideas.com/news/2024/biotech/06201Cancer-Treatment-Stocks.asp

 

"The approval from the Human Research Ethics Committee at Central Adelaide Local Health Network marks a significant milestone for Aethlon, as they deemed that our clinical study meets the requirements of the Australia’s National Statement on Ethical Conduct in Human Research,” stated Steven LaRosa, MD, Chief Medical Officer of Aethlon Medical. “We look forward to working closely with Prof. Brown and his staff, and with our Contract Research Organizations, NAMSA and ReSQClinical Research. The next steps include submission to the Therapeutic Goods Administration, the national health regulatory agency of Australia, obtaining approval from the CALHN Research Governance Committee, and conducting a site initiation visit to facilitate patient enrollment. Following this Ethics Board approval, we plan to submit to the Ethics Committees at two additional sites in Australia and one in India.” 

 

The primary endpoint of the approximate 18-patient, safety, feasibility and dose-finding trial is safety. The trial will monitorany adverse events and clinically significant changes in lab tests of Hemopurifier® treated patients with solid tumors with stable or progressive disease at different treatment intervals, after a two-month run in period of PD-1 antibody, Keytruda® or Opdivo® monotherapy. Patients who do not respond to the therapy will be eligible to enter the Hemopurifier® period of the study where sequential cohorts will receive 1, 2 or 3 Hemopurifier® treatments during a one-week period. In addition to monitoring safety, the study is designed to examine the number of Hemopurifier® treatments needed to decrease the concentration of EVs and if these changes in EV concentrations improve the body’s own natural ability to attack tumor cells. These exploratory central laboratory analyses are expected to inform the design of a subsequent efficacy and safety, Premarket Approval (PMA), study required by regulatory agencies.

 

In May, Bristol Myers Squibb (NYSE:BMYannounced that the US Food and Drug Administration (USFDA) has reassigned the previously announced Prescription Drug User Fee Act (PDUFA) goal date of the Biologics License Application (BLA) for the subcutaneous formulation of Opdivo® (nivolumab) co-formulated with Halozyme’s proprietary recombinant human hyaluronidase (rHuPH20) (herein referred to as “subcutaneous nivolumab”) across all previously approved adult, solid tumor Opdivo indications as monotherapy, monotherapy maintenance following completion of Opdivo® plus Yervoy (ipilimumab) combination therapy, or in combination with chemotherapy or cabozantinib. The updated goal date is December 29, 2024.

 

From news: The application is based on results from CheckMate-67T, the first Phase 3 trial of the subcutaneous formulation of nivolumab to evaluate and demonstrate non-inferior pharmacokinetics, efficacy and consistent safety vs. its intravenous formulation. If approved, subcutaneous nivolumab has the potential to be the first and only subcutaneously administered PD-1 inhibitor.

 

From news: CheckMate-67T is a Phase 3 randomized, open-label trial evaluating subcutaneous administration of Opdivo® co-formulated with Halozyme’s proprietary recombinant human hyaluronidase, rHuPH20, or subcutaneous nivolumab (nivolumab and hyaluronidase) compared to intravenous Opdivo, in patients with advanced or metastatic clear cell renal cell carcinoma (ccRCC) who have received prior systemic therapy. This trial presents an opportunity to potentially bring a subcutaneous formulation of Opdivo® to patients. A total of 495 patients were randomized to either subcutaneous nivolumab or intravenous Opdivo®. The co-primary endpoints of the trial are time-averaged serum concentration over 28 days (Cavgd28) and trough serum concentration at steady-state (Cminss) of subcutaneous nivolumab vs. intravenous Opdivo®. Objective response rate (ORR) is a key secondary endpoint.

 

According to Merck & Co., Inc. (NYSE:MRK), “KEYTRUDA is not chemotherapy or radiation therapy-it is an immunotherapy and it works with your immune system to help fight cancer. KEYTRUDA can cause your immune system to attack normal organs and tissues in any area of your body and can affect the way they work. These problems can sometimes become serious or life-threatening and can lead to death. You can have more than one of these problems at the same time. These problems may happen anytime during treatment or even after your treatment has ended.”

 

Looking at key developments in the solid tumor market, BrainyInsights reported that In November 2023, AbbVie (NYSE:ABBV) acquired ImmunoGen. The main objective behind this acquisition was to build and expand a strong portfolio base for the Solid Tumor Therapeutics Market. This acquisition will further boost AbbVie’s entry into the commercial market for ovarian cancer.

 

In May, AbbVie showcased its “Robust Solid Tumor Pipeline at ASCO 2024 with New Data from Its Innovative Antibody-Drug Conjugate (ADC) Platform.”

 

From the news: "Building upon our strong commitment to patients and existing leadership in hematological malignancies, we are rapidly advancing a differentiated pipeline in solid tumors," said Daejin Abidoye, M.D., Vice President, Head of Solid Tumors, Oncology Development, AbbVie. "Our ADC platform allows us to utilize selected biomarkers such as c-Met and SEZ6 to induce targeted cancer cell death by delivering potent anti-cancer agents. The data we are presenting at ASCO demonstrate the clinical potential of this approach across a wide range of difficult-to-treat tumors."

 

From the news: Data from the dose-escalation and colorectal cancer (CRC) dose-expansion cohort of an ongoing first-in-human Phase 1 study (NCT05029882) of ABBV-400, a potential best-in-class c-Met directed ADC, will be presented in an oral presentation. The preliminary data show that among 122 heavily pre-treated advanced CRC patients, promising antitumor activity was observed at 2.4 and 3.0 mg/kg doses administered once every 3 weeks, with confirmed objective response rate (ORR) of 18% (n=40) and 24% (n=41) respectively in those groups. In patients with higher c-Met expression, ORR was enriched to >35% at doses ≥2.4 mg/kg. The most common Gr≥3 treatment-emergent adverse events (TEAEs) were anemia (35%), neutropenia (7%) and febrile neutropenia (6%). TEAEs leading to discontinuation occurred in 25 (20.5%) patients. Additional data will be presented at the meeting.

 

From the news: ABBV-400 is also being evaluated in a Phase 1b basket study (NCT06084481) in advanced solid tumors as a monotherapy and a Phase 2 study (NCT06107413) in second line metastatic CRC in combination with fluorouracil, folinic acid, and bevacizumab.

 

From their Solid Tumor market report, BrainyInsights also says, A huge chunk of pharmaceutical companies continue to make significant contributions to the development of experimental drugs and technologies. The pharmaceutical sector, for instance, is significantly invested in research and development. Pharmaceutical firms invest in future research to bring high-quality, pharmaceuticals to the marketplace. Major pharma firms are boosting their R&D efficiency by investing heavily in R&D, to ensure long returns on investments, as well as by collaborating with R&D centres worldwide. for instance: According to Statista, Roche is expected to be the world’s largest company which is investing heavily in R&D, that is, USD 14 Billion followed by Johnson & Johnson (USD 12.2 Billion), Merck & Co (USD 11.4 Billion), Pfizer (USD 10.5 Billion) and Novartis (USD 10 Billion), by the year 2026.

 

Aethlon Medical, Inc. (Nasdaq: AEMDsays it initiated its tumor-derived exosome research at a time when the medical community believed exosomes were merely cellular debris with no biological function. Today, a therapeutic to address tumor-derived exosomes represents a significant unmet need in cancer care. Aethlon has demonstrated that the affinity mechanism of the Hemopurifier® can capture tumor-derived exosomes and exosomal particles underlying several forms of cancer, including breast, ovarian and metastatic melanoma.

 

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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

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:DFMTFis a featured mining stock on Investorideas.com

 

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Wednesday, June 19, 2024

Breaking Uranium Stock News - Pegasus (TSXV: $PEGA.V) (OTC PINK: $SLTFF) Shareholders Approve All Matters at the 2024 AGM; @pegasusresinc

Breaking Uranium Stock News - Pegasus (TSXV: $PEGA.V) (OTC PINK: $SLTFF) Shareholders Approve All Matters at the 2024 AGM; @pegasusresinc

 


Vancouver, Canada - June 19, 2024 (Investorideas.com Newswire) Pegasus Resources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0(the "Company" or "Pegasus") is pleased to announce that all resolutions were passed at the Annual General Meeting held on June 18, 2024.

 

The four nominees to be elected as directors listed in the Company's information circular dated May 14, 2024, were elected as directors of the Company for the ensuing year and the number of directors was fixed at four. Christian Timmins, Dave Bissoondatt, Noah Komavli and Derrick Strickland were all elected as directors of the Company by a majority of the votes cast by shareholders present or represented by proxy at the meeting.

 

Crowe MacKay LLP of Vancouver, British Columbia will remain as the auditor of the Company for the ensuing year until the next annual general meeting at a remuneration to be fixed by the directors. The Company's 10% rolling stock option plan also received the required shareholder approval.

 

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

 

Read this news, featuring PEGA in full at https://www.investorideas.com/news/2024/06191PEGA-Shareholders-Approve-2024-AGM.asp

 

About Pegasus Resources Inc.

Pegasus Resources Inc. is a diversified Junior Canadian Mineral Exploration Company with a focus on uranium, gold and base metal properties in North America. The Company is also actively pursuing the right opportunity in other resources to enhance shareholder value. For additional information please visit the Company at www.pegasusresourcesinc.com.

 

On Behalf of the Board of Directors:

 

Christian Timmins

President, CEO and Director
Pegasus Resources Inc.
700 - 838 West Hastings Street
Vancouver, BC V6C 0A6
PH: 1-403-597-3410

X: https://twitter.com/MrChris_Timmins
X: https://twitter.com/pegasusresinc
E: info@pegasusresourcesinc.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 release.

 

SOURCE: Pegasus Resources Inc.

 

Pegasus Resources Inc. (TSX-V:PEGA) (OTCPK:SLTFF) (Frankfurt:0QS0) is a featured mining stock on Investorideas.com

 

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Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact management and IR of each company directly regarding specific questions. Disclosure: Pegasus Resources Inc is a paid for mining client at InvestorIdeas.com. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

 

 


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Tuesday, June 18, 2024

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, 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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