Pyrogenesis Canada Inc T.PYR

Proactive Investor Article March 8 2023

[Oden6570]

PyroGenesis providing high-tech plasma products for a growing number of major industries

Snapshot

• PyroGenesis Canada completes non-brokered private placement for gross proceeds of $5 million
• PyroGenesis Canada shares latest quarterly results and new technology

 

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About the company

PyroGenesis Canada Inc, a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and products. The company provides its engineering and manufacturing expertise and its turnkey process equipment packages to customers in the defense, metallurgical, mining, advanced materials (including 3D printing), and environmental industries. With a team of experienced engineers, scientists and technicians working out of its Montreal office and its 3,800 square metre manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The company’s core competencies allow PyroGenesis to provide innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified.

How it is doing

08 Mar 2023

PyroGenesis Canada Inc (TSX:PYR, NASDAQ:PYR) said it has completed a non-brokered private placement consisting of the issuance and sale of 5,000,000 units of the company at a price of $1.00 per unit, for gross proceeds of $5 million.

The company’s president and CEO, P. Peter Pascali, subscribed to 2,500,000 units under the private placement.

The company said it intends to use the net proceeds from the private placement for working capital and general corporate purposes.

Each unit in the private placement consists of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at a price of $1.25 until March 7, 2025.

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21 Feb 2023

PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) said it has so far received commitments in excess of $10.0 million under its private placement of units of the company, including the concurrent $2.5 million private placement to the CEO. 

The offering, which was announced on February 14, 2023, is expected to close on or about February 23, or such other date as the company and Cormark Securities Inc may agree. 

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15 Feb 2023

PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) said it has entered into an agreement with Cormark Securities Inc as lead agent in connection with a reasonable 'best efforts' private placement of a minimum of 5,000,000 units and a maximum of 10,000,000 units from treasury at a price of $1.00 each for gross proceeds of a minimum of $5 million and a maximum of $10 million.

The company said the net proceeds from the issue of the units will be used for working capital and general corporate purposes.

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What management says

17 Nov 2022

PyroGenesis Canada VP Corporate Affairs Steve McCormick joins Proactive's Natalie Stoberman to discuss the latest quarterly results and margins, as well as introducing its new patent filing for Zero Carbon Emission hydrogen production process.

PyroGenesis Canada is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases with economically attractive alternatives to conventional “dirty” processes.

 

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