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 > From the CEO site - FYI

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Comment by BCONTVentureson Sep 15, 2024 9:45pm

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RE:From the CEO site - FYI

And a great post from @pennytodollar:

@pennytodollar Very interesting - I've always been of the mind that PYR just hit a ridiculous series of delays with clients due to completely external factors like 1) Merges and Acquisitions behind the scenes 2) Absolute mechanical failure of a test furnace that was used for a test furnace because it was at end of life and prone to failures 3) Weird and inconsistent funding for tunnelling that should become more straightforward but fell behind 4) Whatever disaterous year Boeing is having such that they kept giving certification timelines to PYR that while general still got overrun by insane degrees.

I think eventually we will understand more of what caused unexpected delays well beyond the timelines the clients gave PYR for ballpark estimations. We won't get to know all of it for sure. Things like this lend themselves to the theory though.

I'm still extremely excited for the next several years of developments.

HARJAY wrote:
Interesting commentary that might provide perspective on past events and why they unfolded the way they did,

@JetsFanYEG @stonks_r_us awesome! Peter mentioned they delayed receiving the payables for a Drossrite contract for the purpose of greater opportunity in the future. After reading this deal with Maaden and Alcoa it makes sense what he was talking about, before it was a joint venture which can be limiting in how capital expenditure is allocated, after this deal there should be better autonomy to make deals. I like that they also mentioned a JV with Vale which we are all familiar with as well, this should all be good for PYR imo

about 2 hours ago

@JetsFanYEG Maaden probably approached PYR and said listen we have a deal to buy out the JV with Alcoa that will allow us to wholly control our aluminum business and we foresee a future with many more Drossrite systems but until the deal is completed can you hold off on shipping the systems and allow the invoices to go past due because getting Alcoa to approve additional expenditure in the middle of this massive deal is not easy. If you work with us now on this issue the future for both of our companies can be much brighter! All speculation of course but makes sense to me