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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 > Financing comming soon...
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Comment by BCONTVentureson Aug 18, 2022 6:47am
392 Views
Post# 34904044

RE:Financing comming soon...

RE:Financing comming soon...Not at all there MatJack, Peter has said a number of times that financing is not required.  Further, take a look at the financial statements and compare PyroGenesis' Accounts Receivable (A/R) vs. Accounts Payable (A/P):

Accounts Receivable (A/R) more than covers Accounts Payable (A/P): A/R of $19,205,762 vs A/P of $7,003,200.

The accounts receivable are constantly turned into cash/cash equivalents on a daily basis.  From above, there are $19 million worth of accounts receivable that will be turned into cash vs. $7 million of accounts payable.  This is a normal course of business for any company.

Long and Strong in PyroGenesis!

MatJack wrote: I think some sort of financing will be needed very soon. This sentence was in the Q1, and not in the Q2 : The Company expects that its cash position will be able to finance its operations for the foreseeable future.

Cash and cash equivalents are now $1,291,508.
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