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gree , I refer you to a pst from April 17 buisiness achievments and milestones. Business Highlights and Milestones
On March 17, 2021, PyroGenesis announced that it had received a grant from the Quebec Ministry of the Economyand Innovation to fund a project aimed at developing a solution to recover residues of spent pot lining, which are producedin the primary aluminum industry and are considered harmful.
On April 8, 2021, PyroGenesis announced the appointment of Ms. Nannette Ramsey as an independent director.
On April 19, 2021, PyroGenesis unveiled that its additive manufacturing NEXGEN powder production line wasoperational and producing powders. PyroGenesis’ NEXGEN plasma atomization system has recorded a production rateexceeding 25 kg/h, surpassing all published plasma-atomized production rates for titanium known to the Company.
On May 27, 2021, PyroGenesis announced that it had received a grant from Sustainable Development TechnologyCanada for the financing of the development of a novel production process to transform quartz into fumed silica using aplasma reactor, reducing hazardous waste and GHG emissions attributed to the established fumed silica productionprocess.
On July 6, 2021, PyroGenesis announced the signature of a contract valued at approximately $4 million with HPQSilica Polvere Inc. (“HPQ Polvere”), a wholly owned subsidiary of HPQ. Under this contract, PyroGenesis was tasked todesign, develop and manufacture a novel one-step plasma-based reactor and process for the conversion of quartz to fumedsilica. The contract includes annual royalty payments by HPQ Polvere to PyroGenesis on future sales arising from theproject and PyroGenesis may, at any time, convert said royalties into a 50% ownership stake in HPQ Polvere.
On August 17, 2021, the Company announced the signing of a $1.2 million contract for two air plasma torch systemswith an existing Asian client. These torches are to be incorporated into the client’s medical waste destruction systems.
On September 22, 2021, PyroGenesis announced that Pyro Green-Gas had been selected to supply its landfill biogas purification system to Carbonaxion Bionergies Inc., the promoter of the GNR Neuville project, which is being carriedout at the environmental complex of the Rgie rgionale de gestion des matires rsiduelles de Portneuf.
On October 19, 2021, PyroGenesis announced that it had been awarded an Innovative Solutions Canada phase 2(prototype development) contract to develop a unique hybrid ceramic powder processing system for the National ResearchCouncil Canada, Canada’s largest federal research and development organization.
On October 20, 2021, PyroGenesis announced the creation PyroGenesis Aluminum, a new division bringingtogether PyroGenesis’ aluminum industry offerings to provide the following primary products and services: i) DROSRITEsales and tolling services; ii) conversion of dross residues into valuable chemicals; iii) upstream applications where plasma- based solutions are expected to reduce GHG emissions; iv) high powered plasma torches geared to replacing fossil fuel burners; and v) conversion of spent pot lining residues into a valuable end-product.
On October 28, 2021, PyroGenesis announced that it had been selected to provide a $9.2 million land-based systemto destroy perfluoroalkyl and polyfluoroalkyl substances. The Company would provide its plasma based thermal processequipment in a two-phase project geared toward providing a land-based system to destroy these substances.
On December 8, 2021, PyroGenesis announced the launch of a new zero-carbon emission hydrogen productionproject which aims to compete with conventional technologies to produce an environmentally friendly hydrogen. If successful, PyroGenesis’ new hydrogen production technology would convert methane to hydrogen, thereby creating azero-carbon emission hydrogen.
During the year, the Company repurchased and cancelled 840,094 common shares at a weighted average price of $4.96 per share, for total cash considerations of $4,183,617, including commissions of $16,678.
On March 10, 2021, the Company announced that its application to list its Common Shares on the NASDAQ hadbeen approved. Trading commenced on March 11, 2021, under the ticker symbol “PYR” and trading of its Common Sharesceased to be traded on the OTCQB. In connection with the NASDAQ listing, the Company announced that, to maintain theoverall independence of the Board of Directors, Mr. Michael Blank resigned as a director and member of the Audit Committee but would continue to serve as the Company’s acting Chief Financial Officer.
On August 11, 2021, PyroGenesis finalized its strategic acquisition of Pyro Green-Gas and its subsidiaries for atotal cash consideration of approximately $4.4 million. Montreal-based Pyro Green-Gas designs and builds (i) gas upgradingsystems to convert biogas into renewable natural gas (“RNG”), (ii) pyrolysis-gas purification systems, (iii) biogas and landfill- gas flares and thermal oxidizers, and (iv) systems for the purification of coke-oven gas (a by-product in the primary steel industry arising from the conversion of coal into coke) into high purity hydrogen. Pyro Green-Gas is also known for its lineof landfill gas flares which reduce GHG emissions from landfills.
On September 20, 2021, PyroGenesis announced that it had been added to the FTSE Global Total Cap Index andFTSE Global Micro Cap Index. The FTSE Global Total Cap Index is a market-capitalization weighted index representingthe performance of large, mid and small cap stocks, across emerging and developed companies. The FTSE Global MicroCap Index provides deep representation of micro cap stocks. Both indexes are used as the basis for performancebenchmarks and investment products, such as funds, derivatives, and exchange-traded funds by investment professionalsglobally.
On February 2, 2022, PyroGenesis announced the receipt of a US$3,000,000 purchase order for the first of three10-tonne DROSRITE systems from an existing client.
On February 7, 2022, PyroGenesis announced that it had signed an agreement with a European research center for the sale of a plasma torch system which will be used to develop a process to convert hydrocarbons, including GHGproducing gases such as methane, into non-hazardous chemicals.
On April 25, 2022, PyroGenesis confirmed that the Company’s DROSRITE dross recovery technology (a total of seven DROSRITE systems) had been successfully commissioned for Ma’aden Aluminum.
On May 19, 2022, PyroGenesis announced that it had completed a commercial order for titanium powders. Theorder derived from the Company’s partnership agreement with Aubert & Duval, a multinational specializing in upscalemetallurgy, and the powder in question was produced at PyroGenesis’ production facility using its NexGen plasmaatomization system.
On September 7, 2022, the Company announced that it had been selected by an international producer of magnesium metal, to test PyroGenesis’ zero-emission plasma torches as part of their process for transforming mining wasteand recycled minerals into high-value metal.
On October 6, 2022, PyroGenesis confirmed that its Gen3 PUREVAP Quartz Reduction Reactor pilot plant hadcompleted the month-long power-up process and was initiating the testing phase of its transformation of quartz into high purity silicon. The plant is designed to produce multiple systems that can operate under harsh conditions, including at extremely high temperatures and under vacuum.
On November 2, 2022, PyroGenesis announced that it had passed its annual quality audit for two key international standards: ISO 9001:2015, and AS9100D. The audits encompassed all of PyroGenesis’ facilities for the purpose of meetingcompliance with the existing quality management designations.
On November 10, 2022, PyroGenesis announced that it had successfully produced hydrogen from methane usingzero-carbon emission hydrogen production technology.
On January 10, 2023, PyroGenesis announced a contract to provide its SPARC™ refrigerant waste destructionsystem to a subsidiary of The Trust for the Destruction of Synthetic Refrigerants, a New Zealand government-mandatedorganization. The project, initially valued at $6 million, aims to assist New Zealand in its stated goals of reducing syntheticgas emissions by 25% no later than 2035.
On January 12, 2023, PyroGenesis announced an initial contract with a major European multinational chemical, oil, and gas conglomerate to assess the applicability of PyroGenesis’ plasma torches for use in the client’s chemical productionprocess.
On January 17, 2023, PyroGenesis announced that Pyro Green-Gas signed a contract with a North Americanlithium-ion battery recycler for the delivery of a system to decontaminate the dust generated during the battery recyclingprocess.