Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Canada Inc. is a Canada-based high-tech company. The Company is engaged in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. Its products and services include Plasma Atomized Metal Powders, Aluminum and Zinc Dross Recovery, waste management, plasma torches, and Innovation/Custom Process Development. It also operates PUREVAP NSiR, which is a proprietary process that can use different purities of silicon as feedstock to make a range of spherical silicon nano- and micro-powders and wires, for use across various applications. Its products and services are commercialized to customers operating in a range of industries, including the defense, metallurgical, mining, advanced materials, oil & gas, and environmental industries.

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Pyrogenesis Canada Inc > Interesting Post on EarthGrid and PYR

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Comment by BCONTVentureson Jul 27, 2024 6:17pm

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Post# 36151381

RE:Interesting Post on EarthGrid and PYR

And a great comment from @pennytodollar (ceo):

@pennytodollar FYI Netcapital was just a way for Earthgrid to make it easier for more retail people to invest early on - completely separate from and additional to their VC funding (where they have magnitudes higher coming in).

BCONTVentures wrote: Interesting post on EarthGrid and PYR (from another forum):

@BCONTVentures Interesting post from another forum on PYR and EarthGrid:

Here is a new Netcapital video including Troy Helming from Earthgrid. https://youtu.be/4tG7eLfcC9I?t=580+

An investor asks him what are they planning to do with the proceeds of the next raise. Troy Helming answers him that they were able to afford 6 plasma torches, and now they want 11 to build a boring machine able to dig 2.5 m (8 ft) diameter tunnels.

So if I understand well, it means they need 5 more torches.

On January 16, the Pyro's news release mentions 5 high power torches: The Master Agreement provides that, during this exclusivity period, PyroGenesis and the Client will work collaboratively with the goal of finalizing and executing this initial SOW, which would outline the terms that PyroGenesis would design, build, and deliver five (5) high power 2MW air plasma torch systems for an aggregate price of approximately US$13 million. The Master Agreement contemplates additional SOWs being entered into for the purchase of torches, related equipment, and services.

https://stockhouse.com/.../pyrogenesis-receives-667k-non...

On July 2, Pyro offered some answers to investors about this project: PyroGenesis has continued to be in contact with this client during their financing period, and negotiations continue with respect to possible interim studies/purchases.

https://stockhouse.com/.../pyrogenesis-provides-responses...

Earthgrid seems to have multiple suppliers, but Pyro could clearly be one of them for the future projects, and the potential is huge.