PyroGenesis Inc T.PYR

RE:RE:RE:Impressive List of What PYR is Up To

[BCONTVentures]

Great point Melida, and this debt to equity conversion has PyroGenesis once again becoming a near 10% equity stakeholder in HPQ Silicon.  And these shares/warrants have a 4 month hold, and both PYR/HPQ are very close to the Fumed Silica Reactor (FSR) pilot plant becoming fully operational and with the first offtake agreement in sight.

PyroGenesis has a vested interest in HPQ Silicon's success (both with the FSR and QRR).  And, PYR chose shares (instead of cash payment) from HPQ, indicating significant increases in HPQ's value.  Keep in mind that the more shares that PyroGenesis has in HPQ, the better negotiating position it has as an investor, partner, and technology provider.  

Note this from the news release:

“Clearing these outstanding liabilities, under some highly supportive terms, will not only strengthen our fiscal 2024 balance sheet but also resolve points of contention raised by potential financial partners or future offtake agreement counterparts,” said Bernard Tourillon, President & CEO of HPQ. “This agreement highlights how HPQ and PyroGenesis collaboratively develop solutions as we work to disrupt the fumed silica market by delivering a cost-effective, high-efficiency solution that redefines industry standards.”

Melida wrote: And while reviewing the comprehensive list of accomplishments and milestones, don't forget the debt to equity conversion that was finalized last week.