RE:PyroGenesis Provides Responses to Investor QuestionsBetteryear2 wrote: MONTREAL, July 02, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (https://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to provide additional information in response to investor questions submitted in advance of or in response to the Company’s annual general meeting of June 27, 2024. PyroGenesis Provides Responses to Investor Questions (globenewswire.com)
Since publication of the Q1 report, this project has evolved and expanded considerably, and is now being negotiated with a total contract value of between $115 - $160 million. Question 2: What is the status of the Plasma Resource Recovery System (PRRS) project that was mentioned in the Q1 2024 MD&A Outlook as having a potential contract value of $25-$30 million with a “mid term 3-6 months” possibility?
Answer 2: For background, the Company stated as part of the Outlook - Business Line Developments in the Q1 2024 MD&A, that it is in early-stage discussions for the sale of a large waste-to-energy system, called a Plasma Resource Recovery System (PRRS), to transform municipal solid waste (MSW) into both energy and chemical products. PyroGenesis’ PRRS system is designed to process MSW, industrial waste, and hazardous waste, transforming such into commercially valuable products. These products include gaseous fuel for electricity and heat generation, slag, aggregates suitable for construction, and recoverable metals for recycling. The potential value for this contract was originally defined as between $25 - $30 million.
Since publication of the Q1 report, this project has evolved and expanded considerably, and is now being negotiated with a total contract value of between $115 - $160 million.