US Dept of Defense and PYR? Is the US defence department really directly making a contract with PYR?
It sound like from the PR that the relationship is indirect:
“The client, which previously ordered a 4.5MW plasma torch system from PyroGenesis in August 2023, regularly serves as a prime contractor for the U.S. government. This new project does not impact the ongoing 4.5MW plasma torch system project”.source:PR
I recall reading the helpfu; link from Dalesio about the Mariner report that such doubt has been raised before:
“We believe that PYR's relationship is with a shipbuilder, not the US Navy.
PYR dedicates an entire slide of its investor deck to its “relationship” with the US Navy, claiming it was “engaged” by the Navy”…
“searching through the Department of Defense’s contracts database, which posts contracts in excess of $7.5MM reveals NOTHING about PYR:Source: Department of Defense
This leads us to one of two conclusions:The CAD $11.5MM contract is actually not guaranteed at that amount or is in reality less than USD $7.5MM
PYR does not have a direct contract with the Department of Defense”Source: Mariner report(link available on Dalesios post)
Does anyone have a link that estblishes a direct contract with the US Navy/Dept of Defense
Also wondering about profitability -I couldn't find any data breaking out in the finacials that this was profitable and wondering if it is an"project" to determine feasibility
all imo
nitbto invest
dyodd
dontbtrustbwhat you read here by me or anyone-use a professional before making investment decisions