PyroGenesis Inc T.PYR

RE:Drosrite and the JV

[BCONTVentures]

Great point cashbag101, and from the NR link you provided:

https://ir.pyrogenesis.com/news-releases/news-release-details/pyrogenesis-signs-joint-venture-agreement-build-and-operate

This 50:50 JV will be geared towards building, installing and operating dross residue valorization facilities worldwide. To this effect, PyroGenesis secured, through the JV, an exclusive license to a patented and novel technology which is expected to convert dross residues into high value chemical products. Under the terms of the JV, the exclusive access to the technology initially applies to projects in North America and in the Gulf Cooperation Council nations. Upon successful completion of the first project, the exclusive access to the technology will expand to include, for all sense and purposes, the majority of the world. These dross residues are currently either being (i) landfilled (which is increasingly becoming banned by regulators) or (ii) sold as cheap flux to the cement industry.

and

Aluminum dross is typically comprised of two elements: (i) aluminum metal (60%), and (ii) aluminum oxides (40%). PyroGenesis’ DROSRITE™ system can recover up to 98% of the aluminum metal fraction. It is this remaining 40% aluminum oxide (dross residues) material that is often landfilled or sold as a cheap additive. Following today’s announcement, it is expected that these residues could now be processed by the JV, and converted into high margin products, such as aluminum sulfate and ammonium sulfate, thereby transforming a waste stream and unlocking a potentially significant new revenue stream for the Company.

cashbag101 wrote:

I have suspected that the delay in payment with Radain/Ma'aden may have something to do with the jv to tread drosrite residues. Iirc they stated that the JV was to treat "Drosrite" residue,and with 7 units going into operation,what better place to set up shop.