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 > Ma'aden shopping spree continues...

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Comment by BCONTVentureson Sep 20, 2024 11:19am

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Post# 36233180

RE:RE:RE:RE:Ma'aden shopping spree continues...

You're welcome, and here are some great pics of PyroGenesis' DROSRITE systems in place at Radian Oil and Gas Services location (gives a good idea of how big these units are):

And some great points from ceo regarding the sale of Alcoa from Ma'aden:

@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

@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

@stonks_r_us Does anyone know if this had anything to do with the delays in Drosrite contracts? https://ca.finance.yahoo.com/news/alcoa-1-1-billion-stakes-151843858.html .. maybe things will start to move now that this is nearing an end.

Trader155 wrote:
ToolmanTim wrote:
Absolutely Trader 155

Pyro has been there and they've been here...

Check out the mind-map https://www.figma.com/file/BfNwWqqFPce6jMlIFMBnHT?embed_host=share&kind=file&node-id=0-1&t=pIEglX08fcZAd2Ao-1&viewer=1

Pyro supplies Drosrite units to Radian who supports dross receycling for Ma'aden. Haka owns Radian but this is not really in their wheelhouse so there is a deal in the works to sell it to a large fund... who in turn is now a shareholder of PyroGenesis through the last non-brokered private placement.

Expect a lot of Drosrite news incoming... imho.

I see. Ty guys, very interesting.