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MONTREAL, Jan. 20, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, announces the receipt of a US$1.28 million (CA$1.85 million) payment representing a portion of an outstanding receivable under PyroGenesis' existing CA$25+ million Drosrite™ contract with Radian Oil and Gas Services Company.
MONTREAL, Dec. 03, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, announced the successful completion of a contract for the delivery, commissioning, and operation of its plasma torch system to destroy harmful Perfluoroalkyl and Polyfluoroalkyl Substances (“PFAS”). PFAS are widely known as “forever chemicals” due to a strong molecular bond that resists degradation and have been connected to worldwide health issues.
MONTREAL, July 29, 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), is pleased to announce that, further to its news release dated July 2, 2024, it has signed a 2-stage contract to complete a land-based Plasma Waste-to-Energy System for a European entity. The first stage consists of a conceptual and preliminary design phase for approximately $2 million (€1.3 million) which commences in Q3 2024 and is scheduled to last no more than one year.
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF) has acquired full control of Drosrite International, a US-based subsidiary that had legally been operating as a standalone entity. The company paid one Canadian dollar to take 100% control of Drosrite, which provides environmentally friendly waste management technologies to the aluminum industry and had previously been operated as a subsidiary on an accounting basis.
MONTREAL, July 03, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (the “Company” or “PyroGenesis”) (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company 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 that up to 4,107,850 common share purchase warrants (the “Warrants”) will be amended. Of the 4,107,850 Warrants, (i) 697,500 Warrants have currently an exercise price of $1.75 and expire on October 19, 2024, (ii) 2,380,350 Warrants currently have an exercise price of $1.25 and expire on March 7, 2025, and (iii) 1,030,000 Warrants currently have an exercise price of $1.25 and expire on July 21, 2025. Commencing on July 17, 2024, the exercise price of the Warrants held by holders wishing to participate in this repricing will be reduced to $0.75 per share. Those Warrants would also be amended to provide that if at any time before their expiry date, the closing price of the Common Shares on the Toronto Stock Exchange (“TSX”) is greater than $0.9375 (such amount being 125% of $0.75) over any 5 consecutive trading days, the Company will be entitled, within 15 days of the occurrence of such event, to accelerate the expiry date of the Warrants to the date that is 30 days following the date that notice of such acceleration is provided. Such notice shall be deemed to have been provided upon either the email notification of the holders of such Warrants or the issuance of a press release by the Company announcing the achievement of the acceleration event. All other terms of all the Warrants will remain unchanged. The implementation of the repricing and amendments remain subject to the finalization of the documentation with the applicable holders of Warrants.
MONTREAL, July 02, 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 provide additional information in response to investor questions submitted in advance of or in response to the Company's annual general meeting of June 27, 2024.
MONTREAL, June 26, 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 provide additional information in response to investor questions regarding receipt of the CAD$4.1 million payment announced earlier today. As previously announced, PyroGenesis contracted with Drosrite International LLC, which was in turn contracted by Radian Oil and Gas Services Company for an order of seven (7) Drosrite™ aluminum dross recovery systems pursuant to a CAD$25 million contract.
MONTREAL, June 26, 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 the receipt of a USD$3 million (CAD$4.1 million) payment of an outstanding receivable under the Company's existing CAD$25+ million Drosrite™ contract.
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF) announced that it has received a US$3 million (C$4.1 million) payment for an outstanding receivable under its existing C$25 million Drosrite contract. “The payment announced today is made in accordance with a payment schedule that has been revised over time to better align to the pressures on the end client's operating cash flows created by increased business opportunities,” PyroGenesis CEO P Peter Pascali said in a statement.
PyroGenesis Canada Inc. (TSX:PYR, OTCQX:PYRGF), the developer of plasma processes and products, revealed it received a second order from a Spanish aerospace client to provide titanium metal powder. Used in additive manufacturing, the titanium metal powder order comes after the client, a leader in aerospace propulsion, issued an order back in April.
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