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Bullboard - Stock Discussion Forum PyroGenesis Inc T.PYR

Alternate Symbol(s):  PYRGF

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... see more

TSX:PYR - Post Discussion

PyroGenesis Inc > Saudi Arabia diplomatic relations resume
View:
Post by Breizh1 on May 25, 2023 8:49am

Saudi Arabia diplomatic relations resume

In the news this morning: Canada  and Saudi Arabia have relinked diplomatic ties.
Great News for Drossrite International and Pyrogenesis.
Here is a brief of the news:
«Canada and Saudi Arabia agreed to resume diplomatic ties, ending a five-year rift.»
You will find news in LaPresse+.ca as well as any newspaper in this country.

This piece of good news will accelerate the transactions regarding Drossrite int'l and the Aluminium co
Ras Al-Khair. Cash flow should accelerate as well.

Looking forward for a NR from PYR on Drossrite in Saudi Arabia..
Comment by ScienceFirst on May 25, 2023 9:02am
Breizh1 ... You are correct. And remember that 40M$US contract that PYR was awarded but that was left in limbo in administrative issues The latest 1.5M$ recovery last week from Radian O&G (and the remaining 8M$US left) is because of the reestablishment of these diplomatic ties.  Drosrite International will no more have any justification now.  It has been put in place back ...more  
Comment by bart10 on May 25, 2023 10:38am
Been waiting years for precisely this. The thaw.    And, now that Canada is out of the penalty box, my expectation is that "business will resume, and continue".    Sit back, and relax.
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