Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Canada Inc. is a Canada-based high-tech company. It is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery (DROSRITE), waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.

TSX:PYR - Post by User

Pyrogenesis Canada Inc

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Comment by Bytheriveron Feb 26, 2020 3:25pm

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Post# 30737272

RE:Drosrite LLC Cashflow?

cash flow from operating activitiesmeasures, in part, the cash going in and out during a company's day-to-day operations.

So... it appears the funds intended to be transferred to PYR from DI is likely the NET funds; revenue received by DI minus expenses incurred processing the contract to that point. The press release doesn't state specific amounts although DI has previously stated they would invoice in 4 x $2mm invoices when benchmarks are reached. This may mean that if $2mm is invoiced and paid, and covers $1.8mm in expenses, the cash flow would likely amount to $200k. It would be nice to see actual numbers associated with the PR.