PYROGENESIS CANADA INC.


Associated tags: GHG, Aluminium, ISO, Greenhouse, Plasma, Waste management, 0 A.D. (video game), ISO 9001:2015, Iron, TSX, FRA, Toronto Stock Exchange, Research

Locations: QUEBEC, UNITED STATES, AMERICAS, NEW YORK, NY, PETERS, MONTREAL, QC, CA, SAI, READING, CANADA, US

PyroGenesis Schedules First Quarter 2024 Financial Results and Business Update Conference Call

Retrieved on: 
Friday, May 10, 2024

MONTREAL, May 09, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, today announces that it will host a conference call at 10:00 AM Eastern Time on Wednesday May 15, 2024, to discuss the Company’s financial results for the first quarter 2024 which ended March 31, 2024, as well as provide an update to the Company’s progress and other developments.

Key Points: 
  • MONTREAL, May 09, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, today announces that it will host a conference call at 10:00 AM Eastern Time on Wednesday May 15, 2024, to discuss the Company’s financial results for the first quarter 2024 which ended March 31, 2024, as well as provide an update to the Company’s progress and other developments.
  • To access the conference call, please pre-register using the following link: https://register.vevent.com/register/BIdf00241a31fb4a7785354dae51ab83ff .
  • Registrants will receive confirmation with dial-in details.
  • A live webcast of the conference call can be accessed at the following link: https://edge.media-server.com/mmc/p/cr7j7jbu or on the Investor Relations section of the Company’s web site by clicking here .

PyroGenesis Announces Receipt of Two Separate Milestone Payments Totaling $970,000

Retrieved on: 
Thursday, April 25, 2024

MONTREAL, April 25, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce today that it has received two separate project milestone payments totaling $970,000.

Key Points: 
  • MONTREAL, April 25, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce today that it has received two separate project milestone payments totaling $970,000.
  • Further to its press releases dated September 12, 2023 and November 20, 2023 , PyroGenesis has received the next milestone payment of approximately $550,000 (US$406,000) for the sale of a plasma torch system to a U.S. corporation, which is developing a system geared to destroy perfluoroalkyl and polyfluoroalkyl substances (“PFAS”).
  • The client’s name shall remain anonymous for competitive and confidentiality reasons.
  • Research suggests exposure to some PFAS might result in harmful health outcomes, including cancer, increased cholesterol levels, and immune system effects.

PyroGenesis Signs Energy Transition Contract with Leading Global Steelmaker to Consider Plasma Use in Primary Steel Production

Retrieved on: 
Wednesday, April 24, 2024

The client, an overseas entity with manufacturing facilities on five continents, is one of the five largest companies of its kind.

Key Points: 
  • The client, an overseas entity with manufacturing facilities on five continents, is one of the five largest companies of its kind.
  • The project agreement outlines the initial steps for providing plasma-specific data and analysis in support of the client’s energy-transition goals.
  • “This agreement acknowledges the continued interest in our solutions by the iron and steel industry.
  • Plasma torches for use in process heating and industrial furnaces within manufacturing facilities is part of the Energy Transition & Emission Reduction tier, where fuel switching to the Company’s electric-powered plasma torches helps heavy industry reduce fossil fuel use and greenhouse gas emissions.

PyroGenesis Receives Exchange Approval for Block Sale of HPQ Silicon Inc. Shares

Retrieved on: 
Wednesday, April 17, 2024

The sale was conducted as of April 10, 2024, for an aggregate purchase price of $661,447.50, representing a per share price of $0.175.

Key Points: 
  • The sale was conducted as of April 10, 2024, for an aggregate purchase price of $661,447.50, representing a per share price of $0.175.
  • The transaction was previously approved unanimously by the board of directors of PyroGenesis, with Mr. Pascali abstaining.
  • The QRR project is an initiative to create high purity silicon from quartz in a single step using a plasma reactor.
  • This royalty stream can, at any time, be converted by PyroGenesis into a 50% ownership in HPQ’s remaining equity stake in HPQ Polvere.

PyroGenesis Contracts with Global Mining Supply Company to Examine Novel Use of Plasma in Decarbonization Process

Retrieved on: 
Wednesday, April 17, 2024

As the Company announced in its recent year-end earnings report, the Company had been in advanced discussions with the Client.

Key Points: 
  • As the Company announced in its recent year-end earnings report, the Company had been in advanced discussions with the Client.
  • The Client, a billion-dollar entity with facilities on five continents, is one of the world’s largest manufacturers of products that serve the mining and defense industries, amongst others.
  • PyroGenesis’ engineering team are confident that they will be able to propose a solution to this problem.
  • Such a system would include a PyroGenesis plasma torch as well as the accompanying manipulation/handling components.

PyroGenesis Announces Block Sale of HPQ Silicon Inc. Shares to its President and CEO

Retrieved on: 
Thursday, April 11, 2024

The transaction was approved unanimously by the board of directors of PyroGenesis with Mr. Pascali abstaining and will close immediately following receipt of regulatory approval.

Key Points: 
  • The transaction was approved unanimously by the board of directors of PyroGenesis with Mr. Pascali abstaining and will close immediately following receipt of regulatory approval.
  • “This sale will bring PyroGenesis an influx of cash on favourable terms,” said Andre Mainella, Chief Financial Officer of PyroGenesis.
  • For the FSR project, the Company benefits from a royalty payment representing 10% of HPQ Polvere’s eventual sales, with set minimums.
  • This royalty stream can, at any time, be converted by PyroGenesis into a 50% ownership in HPQ’s remaining equity stake in HPQ Polvere.

PyroGenesis Announces That Lab Strength Tests Achieve 45% Above Target for Green Cement Additive Product

Retrieved on: 
Thursday, April 11, 2024

This plasma-based process – a collaboration with Progressive Planet – explores the feasibility of converting widely available, high-grade, crystalline silica into amorphous silica.

Key Points: 
  • This plasma-based process – a collaboration with Progressive Planet – explores the feasibility of converting widely available, high-grade, crystalline silica into amorphous silica.
  • The resulting amorphous silica can be used to enhance the strength of concrete as a replacement for fly ash.
  • The average Strength Activity Index (SAI) result for the four 7-day strength tests for PozPyro was 108.75%, a 45% gain against the minimum target value.
  • PyroGenesis’ involvement in developing PozPyro from quartz is part of PyroGenesis’ three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry.

PyroGenesis and Constellium Sign Letter of Intent for Large-Scale Plasma Remelting Furnaces

Retrieved on: 
Wednesday, April 10, 2024

PyroGenesis and Constellium have agreed to implement an industrial scale aluminum remelting furnace, which would serve Constellium’s decarbonization strategy.

Key Points: 
  • PyroGenesis and Constellium have agreed to implement an industrial scale aluminum remelting furnace, which would serve Constellium’s decarbonization strategy.
  • “PyroGenesis was proud to host and work with the scientific team from Constellium during this important test campaign over the last several quarters.
  • Constellium is one of the best examples of a global industry leader who is evaluating PyroGenesis’ electric plasma torches as a fuel-switching possibility.
  • Our technical experts, hand in hand with their PyroGenesis peers, were able to demonstrate the highly promising potential of plasma torch applications in our cast house furnaces.

PyroGenesis Announces the Appointment of Paul Rajchgod to the Board of Directors

Retrieved on: 
Thursday, April 4, 2024

"It is very important to PyroGenesis that we have a board of directors comprised of highly qualified directors with experience that is complementary and diverse on one hand while also being relevant to the Company and its needs.

Key Points: 
  • "It is very important to PyroGenesis that we have a board of directors comprised of highly qualified directors with experience that is complementary and diverse on one hand while also being relevant to the Company and its needs.
  • Paul’s unique and proven skillset will enhance the board of directors’ effectiveness in overseeing the objectives and goals of the Company," said Mr. Alan Curleigh, PyroGenesis’ Chair.
  • "We are pleased to welcome Paul to PyroGenesis’ board of directors.
  • Ms. Rajchgod added, "I am delighted to join the PyroGenesis Board of Directors as the Company makes incredible strides in meeting the evolving technology needs of heavy industry.

PyroGenesis Announces 2023 Fourth Quarter and Year End Results

Retrieved on: 
Tuesday, April 2, 2024

As I have mentioned in the past, our revenue will fluctuate quarter to quarter, but our commitment will not.

Key Points: 
  • As I have mentioned in the past, our revenue will fluctuate quarter to quarter, but our commitment will not.
  • In Q4 2023, PyroGenesis continued its focus on advancing its updated business strategy that was first outlined in the Company’s 2022 fourth quarter and year-end results.
  • The eventual goal is to develop a full-scale system once results from the lab-scale system are reviewed.
  • PyroGenesis recorded revenue of $3.0 million in the fourth quarter of 2023 (“Q4, 2023”), representing a decrease of $0.3 million compared with $3.3 million recorded in the fourth quarter of 2022 (“Q4, 2022”).