PyroGenesis Inc T.PYR

Alternate Symbol(s): PYRGF

Industrials Technology

PyroGenesis Inc., formerly 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 (GHG). The Company has created proprietary, patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing. It provides engineering and manufacturing expertise, contract research, as well as turnkey process equipment packages to the defense, metallurgical, mining, additive manufacturing (including 3D printing), oil and gas, and environmental industries. Its products and services include plasma atomized metal powders, aluminum and zinc dross recovery, waste management, plasma torches, and innovation/custom process development. It offers PUREVAP, which is a high purity metallurgical grade silicon and solar grade silicon from quartz.

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PyroGenesis Inc > PyroGenesis collects $2.8M under Saudi aluminum contract

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Comment by dalesio_98on Nov 26, 2024 11:06am

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RE:RE:RE:RE:RE:PyroGenesis collects $2.8M under Saudi aluminum contract

TOCKY8008,

The excerpt I quoted and highlighted was from a piece written by Trevor Abes The Market Online (SH) which is paid marketing IMO. Not from PyroGenesis Inc PR from earlier this morning.

Hence, only your assumption, opinion.

My guess is, they now have the money to ship the remaining 4 systems,workout the logistic of it,get that going.Once on route at sea, getting another payment or a final one.

In any case it's moving along.

TOCKY8008

Unless the funds have been rec'd in full which is clearly not the case, perhaps, funds secured, which was not disclosed, Drosrite units are not and have not been shipped. No new timeline was provided.

Certainly Pyro would have boasted, funds rec'd or secured and units shipped, n'est-ce pas.

Good luck to All!

TOCKY8008 wrote: My guess is, they now have the money to ship the remaining 4 systems,workout the logistic of it,get that going.Once on route at sea, getting another payment or a final one.
In any case it's moving along.

TOCKY8008

dalesio_98 wrote:
PyroGenesis has manufactured the remaining four systems and is awaiting instructions for delivery.

That basically indicates full payment has been issued/received or secured, which is not the case!

We all know the remaining four Drosrite systems have been manufactured and held in storage.

Good luck to All!

Mostlyserious wrote: Dalesio, this was mentioned in the June 26 NR and I believe has been part of its quarterly updates for a long time in terms of the number of systems delivered and manufactured:

"Once the payment of the remaining balance due of approximately CAD$4.8 million (USD$3.5 million) plus storage fees is secured, the remaining 4 systems, which have been manufactured and are currently in storage, will be shipped."

Looking back at June 26th reminded me that they issued two press releases that day. In the second one, "...is pleased to provide additional information in response to investor questions regarding receipt of the CAD$4.1 million payment announced earlier today" They prep a comprehensive news release and hours later they have another one. Interesting. I keep waiting for 3P to address troglodytes in his news releases. He is getting close by including comments on his critics, I assume from social media. Good on him to be one of probably very few that makes such comments while countless companies are constantly criticized for their lack of performance.