RE:RE:RE:RE:RE:Business line developments near and midLooks like the work that PyroGenesis and Constellium is paying off, from the Outlook section:
Also as mentioned in the Q2 2023 and Q3 2023 Outlooks, the Company has been working with a number of different companies over the past few years towards these goals. The results from the conclusion of recent major tests, conducted in conjunction with these companies, have been very positive, and negotiations are underway for next step deployments and/or sales, with more detailed announcements on these projects expected during Q2 2024. Aluminum Furnace Tests: The Company is in final discussions with two (2) major aluminum companies for live furnace tests of plasma as a process heat source in melting and holding furnaces. If confirmed, these companies will each ship aluminum furnaces to PyroGenesis for installation at PyroGenesis’ factory, where plasma will be tested within the furnaces as a potential replacement for natural gas. These tests are similar to furnace tests that occurred during 2023 on site at PyroGenesis with another client, but these new potential tests will be conducted using larger furnaces. Aluminum Cast House Decarbonization: The Company is part of a tendered bid process for the testing of plasma within an aluminum cast house of a leading global aluminum company. There is a lot of tidbits in the Outlook/MD&A. Lots to look forward to in 2024 and beyond.
EtheGreat wrote: OUTLOOK:: Still lots of Pending & Potential On-Going Biz !!! Lots of Good Detail !
Regarding Pending Major AR's specifically Drostite::
Payments for Outstanding Major Receivables: The Company has remained in continuous discussions with Radian Oil and Gas Services Company regarding the outstanding receivable of approximately US$8.0 million under the Company’s existing $25 million+ Drosrite™ contract. As previously announced, PyroGenesis agreed to a strategic extension of the payment plan, by the customer and...
Company now expects payment of this receivable to be received in full within Q2 2024.
IMO Overall Results :: As Expected Fair Middle of Spectrum For a Pioneering Trailblazing Growth Co. writing their Own Success book from Concept !!!
**Major Kudos to Entire PYRO Team for Heavy Lifting & Continuously Achieving Successful Milestones !!!
Will continue the Ride & Increase Shares ASAP... The Potential & Future Remains Strong , Significant, and hopefully Very Robust Very Soon...