Pyrogenesis Canada Inc T.PYR

Major Deliverables and Business Milestones

[BIGMOE]

Major Deliverables and Business Milestones

• Titanium Powder Commercial Orders: During 2022, the Company announced it had received and completed its first two commercial orders for Titanium powders using its NexGen™ plasma atomization process. The first, for 100kg, was under its mutually exclusive partnership agreement with Aubert & Duval, a major supplier of metal powders for additive manufacturing serving the Aerospace, Energy, Transport, Medical, Defense, and Automotive sectors; the second, also for 100kg, was to a confidential customer.
   

• Iron Ore Pelletization Torches: During 2022, the Company continued to progress its major initiative to supply electric plasma torch systems to large iron ore companies for first-ever trials in this important upstream part of the steelmaking process. In July 2022, the first plasma system plus required components was completed and delivered to a client. Subsequent to year-end 2022, in January 2023, four electric plasma torch systems plus required components were delivered to a second client. These clients are two of the largest iron ore companies in the world and each has made a significant financial and logistical commitment over the past two years to test plasma as a possible replacement for the diesel and/or natural gas furnace burners needed for iron ore pellet baking. Live on-site trials and testing will be conducted per client-defined scheduling, based on the Client’s own resourcing and logistical decisions of which the Company has no input.
   

• Metal Powder Aerospace Client Qualification: In September 2022, the Company announced it had completed the in-house quality audit of its NexGen™ metal powder production facility and process, which it also later passed subsequent to year-end 2022, by a large global aerospace client. The in-house audit was part of an almost two year long process of qualification by the client, towards an end-goal of being a certified supplier of titanium metal powders to the client, its suppliers, and service centers. With the audit completed, the Company’s powders will be tested per client-defined scheduling and, if successful, contract discussions for the purchase of powders are expected to follow.

Innovations

• Aluminum Scrap Remelting: In May 2022, the Company announced it had undertaken a joint evaluation with a major manufacturer to test PyroGenesis’ zero-emission plasma torches in the Client’s aluminum scrap remelting and holding furnaces. This was one of several secondary or tertiary aluminum producers who are investigating the Company’s electric plasma torches to replace fossil fuels in recycled aluminum production, holding tank heating, or cast houses.
   

• Carbon-anode baking: The Company announced in June 2022 it had undertaken a joint initiative with a premier applied engineering and process optimization firm in the global aluminum industry, focused on utilizing PyroGenesis’ zero-emission plasma torches in carbon anode baking – a vital upstream step in the aluminum production process. Carbon anodes, which are used as an electrical conductor during the aluminum smelting process but constantly consumed, are traditionally produced using natural gas baking; reducing fossil fuel use while optimizing the anode baking process is an objective in the industry for manufacturers of high-grade anodes.
   

• Spent-pot linings: The Company continues to progress the previously announced initiative to develop a solution to recover residues of aluminum pot linings, in conjunction with project partner Aluminerie Alouette (co-owned by Rio Tinto and Norsk Hydro), the largest primary aluminum smelter in the Americas. The solution under development is intended to safely recover valuable metals and various compounds from the heavily contaminated carbon-lined cells or “pots” from inside a smelter, which degrade over time and must be removed and safely disposed. The project evolved throughout 2022, with additional technology benchmarks being met, and with the Company and Aluminerie Alouette deepening their relationship with a further commitment.
   

• Magnesium Recovery and Valorization: In September 2022, the Company announced it was selected by an international producer of magnesium metal to develop and test two processes: a method to clean and decontaminate particulate matter produced during primary magnesium production, and to process the metal waste stream known as dross, for the purpose of recovering valuable metal. Dross recovery is not widespread in the magnesium industry, due to the complexity of the process and the inherent challenges of working with magnesium – a very combustible and volatile metal that is highly reactive to oxygen. With PyroGenesis’ expertise in recovering high-value metal from dross in other industries (such as aluminum), the Company believes it has the solution to the specific challenges posed by magnesium, potentially opening up a large opportunity for growth, while decreasing the Client’s environmental impact.
   

• Turquoise Hydrogen Production: The Company continues to progress the previously announced initiative to produce an environmentally-friendly hydrogen. In November 2022, the Company successfully produced hydrogen from methane using this ZCE hydrogen production technology. Because it uses electricity in the form of plasma rather than combustion of fossil fuels, this hydrogen is typically referred to as “Turquoise Hydrogen”. The process also produces a solid carbon byproduct that has many industrial applications (including the production of car tires, coatings, plastics, and batteries) and is considered an important raw material.

[tamaracktop]

That's all very nice, but why are you quoting comments from the 2022 year-end report? Are you purposely trying to highlight the promises that never materialized? If not, you aren't doing a good job not doing it.

[Mostlyserious]

Thank you BigMoe. Can you ask 3P to provide you this summary with every section starting with "At the end of 2023".

[StairwayTo]

Since 2022, how many shares the CEO sold? And from all these milestones, how many $ of revenues were generated.

[Exbomertrainair]

Neverending stories!!

[wasitreallyok]

Yes BigMoe we were all excited back in 2022, but it is now 2024 and revenues have not improved, and a lot of stuff we had been excited about has not been delivered. Then there was the comment Peter made that HPQ was PYR's crypto investment, but crypto went the other way while HPQ has been falling to new lows as they have not delivered on their hype.

[Makingn0thing]

 I would like to see Insiders buying common shares and not just change worth.  It would help building a bit of confidence around this while they can't bring in much revenues. My 2 cents anyway.