Pyrogenesis Canada Inc T.PYR

Little Update from Rio/IOC (from ceo)

[BCONTVentures]

Little update from Rio/IOC regarding their use of PyroGenesis' plasma torches, thanks to @Newfie36 for this:

@Newfie36 Little update from IOC. The torches were running good but the plant suffered a power outage and the cooling pumps shut down causing the tips of the torches to be burnt up. New parts are enroute to start them up again. $hpq

and from in June 2023:

@Newfie36 @SweetCaroline I agree the last couple years has been painful however keep in mind they did make the decision to order 4 torches and do the trail fairly quick. The delay was getting the electrical equipment on site. In my mind and I could be wrong once they have the data the decision to move forward will be just as quick when they decided to do the trial. Therefore I feel we will get the order in 2023 but we will have to wait for the government negotiations for the capital expenditure for the infrastructure which includes the power line run, torches, and plant upgrades. We will have revenue at time of order due to the down payment as we had for the first 4 torches. Once again just my opinion. $PYR $HPQ

@cusam I reached out to someone on LinkedIn who is directly involved in the project and was able to get some very good info. I can second what @Newfie36 said that the torches will be running soon. My source mentioned IOC will be moving into "operational commissioning" in a few weeks. I guess this is the SAT.

@Newfie36 Maybe instead of spreading FUD you might want to spend some energy covering your short. IOC has a very good chance of following through on converting their furnaces over to torches because Trudeau has made it his legacy to show Canada is a leader in Climate Change initiatives and heavy industry is one of the largest emitters. I see an announcement coming from IOC and CDN government stating Trudeau will be paying for the electrical line upgrades and a subsidy for CLEAN power. On top of that expect to see some form of loans or grants to cover a portion of the torches and infrastructure. IOC will enjoy all these benefits along with less downtime due to the swap ability of the torches. No messy fuel to handle anymore and hopefully some improvements with product quality. Enjoy your day off to clean some snow crab!

@Newfie36 Good Morning Everyone. I had a good chat with my friend that works at IOC and he is telling me that there was a delay installing the torches because they had to wait to upgrade the line coming to the facility. This is almost completed and they expect to have the torches running very very soon. The management team is very excited to get them up and running because they love the concept of not having to shut down for maintenance due to burner swap outs anymore. Their words (If this works as planned they are looking forward to a reduction in downtime and maintenance making plus a cleaner work environment). Hope this helps clarify where the project is at. $PYR $HPQ

Long and Strong in PyroGenesis!

[Mostlyserious]

Great. 3P was not shy to step in during dropping SP in the past and sharing his exuberance. Now we get updates from some guy that knows some guy about info that may have some level of sensitovity if both true or untrue. This would be a big joke if shareholders' money was not at stake. .

[filoux004]

It's called keeping the dream(s) alive and moving the goal posts further into time. Glta

[Mostlyserious]

Yup.  But as the time goes on, it is becoming clearer that the torches were never really a plug-and-play.  They were....if....if....if....and if.  And all these if's have other cost implications for the client where the econimic cost-benefit may not be a slam dunk for the torches. Was 3P inside the fence to lecture everyone about the concerns about the speed of adoption, if

[TheShare]

Blah blah post And ignore

[Mostlyserious]

Thank you for taking the time to offer your thought on this important subject.