PyroGenesis Inc T.PYR

Excellent post from MidTownGuy

[ScienceFirst]

Have you noticed that shorts bring no substance, only FUD.

MidTownGuy brings more insights, supported by sources. 

Excerpts taken from one of his posts on CEO.CA:


@MidtownGuy 

Another follow-up on the IOCC stuff...

In PYR's June 11 NR, it stated: “In the case of Client B, the switch to plasma torches will also result in the additional benefit of significantly reducing the emission of another pollutant; sulphur dioxide (SO2).”

Now, any switch from a fossil fuel burner to plasma would reduce sulphur dioxide, so even mentioning it was odd, but clearly intentional. It very likely was in reference to a situation that IOCC is in with regards to sulphur dioxide emissions.

In 2017, the Government of Canada mandated a performance agreement for the iron ore pellet sector in Canada to reduce air pollutants, specially sulphur dioxide. The agreement has a deadline of 2026.

The signees of the document?

- Iron Ore Company of Canada (Rio Tinto) at Carol Lake Project, Labrador City.

- ArcelorMittal Mining Canada G.P. at Port-Cartier Quebec.

And of course using bunker fuel as they currently do would have them creating very high levels of sulphur dioxide, comparatively. Plasma would go a long way to meeting those government SO2 reduction goals, hence why PYR called it out.

And so with many other pieces of data it's more evidence that client B is Rio. In describing the client in that June NR, the first paragraph states: “Client B has over 100 burners in its existing facilities.” Of those two signees to the government agreement...

> ArcellorMittal Quebec has two production lines. That’s only 40 – 50 burners. (The average induration furnace has 20 burners, and some furnaces have up to 28 burners.)

Source: https://www.transformerlavenir.com/en/facilities/amem-facilities/the-pellet-plant/

> Whereas the Iron Ore Company of Canada has six production lines, for 120+ burners.

Source: https://www.newswire.ca/news-releases/labrador-iron-ore-royalty-corporation-results-for-the-third-quarter-ended-september-30-2020-839194488.html

So this brings us to today. No doubt at times IOCC was saying to the government, look boys, you made us sign that document, and we want to meet those sulphur reduction goals, but we can't do it with the current instability in the electrical supply and price. We'll need some stability there. So the feds stepping in today with cash stops taxpayer rates having to go up, keeps the development out of insolvency, and provides assurances to industry like IOCC that they can now move forward -- helping IOCC meet those signed climate targets. So a win/win/win. Etc.

Source for pellet climate agreement:

https://www.canada.ca/en/environment-climate-change/services/environmental-performance-agreements/iron-ore-pellet-sector-overview/agreement.html

[fdfd12]

If all of this is positive, why isn't the price going up!