PyroGenesis Inc T.PYR

RE:RE:RE:RE:RE:If only we really knew

[BCONTVentures]

@BCONTVenturesAnd interesting to note that PyroGenesis' section on plasma torches (on PYR's website) has been updated:

https://www.pyrogenesis.com/products-services/plasma-torches/

PyroGenesis is now actively offering torches for:

APT-HP

Iron Ore Pelletization (Patented), Steel Tundish Heating, Cement pre-calciner heating, Metallic Dust Recovery, MSW Gasification, Incinerator Ash Vitrification, Asbestos Vitrification, Radioactive Waste Disposal, etc.

BCONTVentures wrote: And from @EVIL_SPOCK:

@EVIL_SPOCKWhat ChatGPT has to say about PyroGenesis current state - interesting data points; PyroGenesis’s tech looks real and has early commercial traction, but the company is small, loss-making at times, and faces financing & execution risks (including active short-seller/hedge-fund pressure). If they convert backlog into steady revenue and keep landing industrial contracts, their odds rise; if funding problems or execution delays continue, the company may struggle. (ir.pyrogenesis.com)

What the public facts say (quick evidence):

• Technology & pilots: PyroGenesis reports real, industrial-scale successes (e.g., >300 tonnes of PFAS-contaminated material treated in a client facility), which supports technical viability beyond lab scale. (ir.pyrogenesis.com)
• Commercial traction: They’ve announced contracts and pilots with industrial customers (examples: Constellium for aluminium-furnace electrification; a cement-industry plasma torch contract). These are meaningful validation steps toward scaling. (ir.pyrogenesis.com)
• Backlog & revenue: Management reports a multi-million dollar backlog (company reported a backlog figure and quarterly results in 2025), but quarterly revenues remain modest and profitability inconsistent. That means demand exists but conversion and margin are still being proven. (ir.pyrogenesis.com)
• Market structure / financing pressure: The company is small (market cap in the low tens of millions) and has attracted short interest and activist/hedge activity that has pressured the share price — making equity raises harder and more dilutive when needed. (MarketWatch) Key risks that lower the odds of success
• Funding risk: Small cash balance + ongoing losses mean they’ll likely need to raise capital to scale; depressed share price/market skepticism makes raises expensive or disruptive. (Yahoo Finance)
• Execution & scaling: Industrial electrification / waste-remediation customers require long integration cycles, regulatory approvals, and proof of long-term reliability — scaling manufacturing, service, and sales is hard. (ir.pyrogenesis.com)
• Competitive & adoption risk: Even superior tech can be slow to replace entrenched fossil-fuel systems in heavy industry.
• Market/short pressure: Concentrated shorting or negative reports can keep the stock under pressure regardless of technical progress, complicating fundraising and investor sentiment. (MarketBeat) Positive signs that raise the odds
• Demonstrable results (PFAS treatment, pilot installations) show the tech works in real conditions. (ir.pyrogenesis.com)
• Repeat customers / industry partners (Constellium, cement customer) indicate market interest and potential for larger deployments. (ir.pyrogenesis.com)
• Backlog provides a bridge to future revenue if those projects are executed. (ir.pyrogenesis.com) Pragmatic read / rough likelihood (non-precise)
• If you must quantify: think of their chance as “moderate but far from certain.” For planning purposes, treat them as a high-upside, high-risk company: good upside if contracts scale and they secure funding; significant downside if they fail to convert pilots or can’t raise capital without heavy dilution. What to watch next (if you want to track probability) • Cash level / burn rate and upcoming financing announcements (look at quarterly MD&A / press releases). (ir.pyrogenesis.com)
• Progress on announced contracts (deliveries, milestone payments, commercial rollouts). (ir.pyrogenesis.com)
• Short interest and borrow fees — rising short interest or borrow costs can amplify downward pressure. (MarketBeat)
• Customer references / long-term service agreements — recurring revenues are a game changer.
• Third-party validation / independent test results or large OEM partnerships.

BCONTVentures wrote: And here is a great visual of PyroGenesis' solutions.  A number of these solutions have been commercialized during the past couple of years:



And an excellent reminder of what PyroGenesis is up to, thanks to @ordos for this list:

 

1. HPQ Silicon

a. Fumed Silica Reactor (FSR) - Pilot plant construction

b. Quartz Reduction Reactor (QRR) - Pilot plant commissioned, process fully verified, commercial plant design pending

2. Metal Production / Processing

a. Iron

i. Pelletization - global patent of plasma in iron ore pelletization, site acceptance testing in progress with Rio Tinto (fact), site acceptance testing by Vale (suspected) ("at own pace")

b. Aluminum

i. Carbon anode baking - joint pilot project

ii. Scrap remelting / holding furnaces - pilot project with leading furnace manufacturer

iii. Pot lining valorization - signed contract with Aluminerie Alouette - pilot technology advancement project

iv. Transformation / Recycling - lab scale done, pilot contract signed with Constellium for large scale industrial furnace

c. Steel

i. PyroGenesis Signs Energy Transition Contract with Leading Global Steelmaker to Consider Plasma Use in Primary Steel Production

d. Magnesium

i. Transforming mining waste and recycled minerals into high-value metal - pilot with international magnesium producer

3. Metal Recovery

a. Aluminum Dross

i. Drosrite systems, fully commercial

ii. High value residual by-product - JV formed, lab / pilot stage

4. Additive Manufacturing Materials

a. Titanium Powders

i. Final qualification stage by major aerospace OEM, some by-the-ton sales happened already

ii. Initial powder contract with an aerospace entity based in Spain

5. Cement

a. Progressive Planet collaboration to produce cement additive - lab scale results are outsanding, exceeding strength of classic cement

b. Furnace system - pilot, U.S. Department of Energy & U.S. structural materials entity engaged in the development of advanced cement materials

6. Mining Supplies (parts / equipment) - pilot to for cast houses of major mining parts supplier for mining industry

7. Tunneling (speculated)

a. Master agreement signed, non-refundable downpayment received, work order negotiation in progress

8. Waste Destruction

a. Military

i. PAWDS - US Navy Aircraft Carrier systems - fully commercial and operating

ii. PACWAD - Warfare destruction systems - fully commercial

b. Civilian

i. SPARC - fully commercial land based waste destruction systems

ii. PFAS destruction - initial contract with large USA public water systems operator for development of high power torch system for proof of concept

9. Renewable Natural Gas (PyroGreenGas division) - commercial systems

10. Hydrogen (turquoise) production - lab / pilot testing

11. Adhoc projects in various application fields and by request

a. Specialty High Power Torch System (unnamed Aeronautics & Defense client)

b. Energy Transition Chemical Industry

c. Emission Reduction Research

Plus other recent developments that need to be added to this list^^

BCONTVentures wrote: And from @imminent:

@imminentI think the following graph from PYR's AGM presentation effectively illustrates the company's market potential and expansive vision over the years. Growing beyond the iron ore pelletization story back in 2020, PYR has progressively adopted a business model spanning multiple sectors, underscoring the growing recognition and interest the company continues to attract from diverse industries. The development of higher-power plasma torches (most recently, a 20 MW torch) positions the company to access more demanding applications within high-heat industries, while improvements in efficiency and reduced CAPEX simultaneously open opportunities among smaller industries/customers. As supported by a steady growth in revenues and backlog, PYR’s potential total addressable market is poised for significant expansion at both ends of the spectrum.

BCONTVentures wrote: Yes, it is great having the President and CEO put money into PyroGenesis.  Definitely lots going on at PyroGenesis and lots to look forward to in the upcoming months and quarters.

Some informative slides from this year's AGM detailing PyroGenesis' business lines, market potential, and vision for the coming years.  Thanks to @xbike for these:

 

 

@xbike

Uncleron wrote: What Peter knows, and what volume of business is under negotiations right now !!
These negotiations have been happening for years , some of them we know of...others we don't..
How many different industries is Peter dealing with is going to come to the public in the form of News...

Any one of these industries could be first to sign the big multi million dollar contract...
Rio Tinto is one , Norsk hydro is another, Vale is another , Tata steel is another...
Constellium is another one , Planet Earth & the cement business is another one, which also involves 
the new fly ash replacement which was tested for strength and it proved to be stronger than the fly ash 
that comes from dirty Fossil fueled power plants & is being phased out which is why the cement industry is very excited about the Pyrogenesis replacement 
This industry is going to add to the list of the world's biggest industries that are testing and are in negations with Pyrogenesis for the answer to their massive emissions and production problems....

No wonder Peter invested his own $4 millions at this stage , he knows deals are ready to be signed .. big money deals $
So much for Pyrogenesis running out of capital !!
Basher lies !..as usual 
uncleron is always right !.. cheers