RE:RE:I liedPaul03,
Does that change this fact from the April 9, 2024 AIF?
After receipt of said payment, a balance of $10.7 million remained owing under the contract.
Good luck to all!
paul03 wrote: Did you forget to add the beginning of that?
On May 18, 2023, PyroGenesis announced it had received a payment of $2 million under the Drosrite International Exclusive Agreement dated August 29, 2019, between Drosrite International LLC ("Drosrite International"), a US-based company, and PyroGenesis (the "Drosrite International Exclusive Agreement)
Under the terms of this agreement, Drosrite International had received the required rights from PyroGenesis to perform Drosrite International’s obligations under a 2019 agreement it had entered into with Radian Oil & Gas Services Company, an oil and gas services company operating in the Middle East (the “Dross Processing Service Agreement”). For more information on the Drosrite International Exclusive Agreement, the Dross Processing Services Agreement, and the relationship between Drosrite International and PyroGenesis, see “Directors and Executive Officers – Conflicts of Interest”. After receipt of said payment, a balance of $10.7 million remained owing under the contract.