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Bullboard - Stock Discussion Forum Pyrogenesis Canada Inc T.PYR

Alternate Symbol(s):  PYRGF

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. It offers patented and advanced plasma technologies that are used in four markets: iron ore palletization, aluminum, waste management, and additive manufacturing... see more

TSX:PYR - Post Discussion

Pyrogenesis Canada Inc > More to come soon …
View:
Post by ScienceFirst on May 30, 2023 3:30pm

More to come soon …

Upcoming milestones which are expected to confirm the validity of our strategies, are as follows:

Business Line Developments: Near Term (0 – 3 months)

Financial 

Payments for Outstanding Major Receivables: Now that the SAUDI-ARABIA/CANADA diplomatic ties have been reestablished, The Company was notified that Radian Oil and Gas Services Company has commenced transfer of the US$1.5 million (approximately CA$2 million) against the outstanding receivable of approximately US$9.5 million under the Company’s existing CA$25million+ Drosrite™ contract. As previously announced, PyroGenesis agreed to a strategic extension of the payment plan, by the customer and its end-customer, geared to better align the pressures on the end-user’s operating cash flows created by increased business opportunities.

Innovation Grants: The Company has applied for grants tailored to technology innovation and/or carbon reduction, and expects to have results regarding these applications.

Commodity Security & Optimization

Negotiations for Multiple Metal Powder Orders: concurrent negotiations are underway with several companies for commercial orders of the Company’s metal powders, which are expected to be in excess of $1million.

Product Qualification Process for Global Aerospace Firm: Based on information flow between the Company and the Client, the Company believes that the previously announced 2-year long qualification process to approve the Company’s titanium metal powers for use by a global aerospace firm and their suppliers, will conclude in the near term.

Energy Transition & Emission Reduction 

Plasma Torch Order: The Company is in advanced discussions with an international entity, whereby a plasma torch contract, if signed, will be between CDN$3-$4million.

Iron Ore Pelletization Torch Trials: In April 2023, the commissioning of the plasma torch systems, for use in Client B’s pelletization furnaces, was underway, with the Company’s engineers onsite at the Client’s iron ore facility. The commissioning process includes installation, start-up, and site acceptance testing (SAT). “Client B” is the customer to whom the Company previously announced that it had shipped four 1 MW plasma torch systems for use in Client B’s iron ore pelletization furnaces, for trials toward potentially replacing fossil-fuel burners with plasma torches in the Client’s furnaces.

Comment by MrForthright on May 30, 2023 4:25pm
How will the fix their weak balance sheet??
Comment by LastZaz on May 30, 2023 5:22pm
By increasing their cash and their receivables. Consistent revenues will also improve their likelihood of receiving better financing from banks when needed, rather than selling more equity causing further dilution. 
Comment by Sidewindergo on May 30, 2023 7:10pm
By earning more revenue.
Comment by tamaracktop on May 30, 2023 8:18pm
Revenues don't always result in earnings.  It's an important distinction. 
Comment by ScienceFirst on May 30, 2023 9:06pm
Tamarackflop is just a bozo.  An incompetent cliwn. That clown has posted so often about "This company is done" (800+ FUD posts) that he cannot give up, as it would be an admission of failure.  The perfect behavior of a narcissic. ____________   tamaracktop - (5/30/2023 8:18:03 PM) RE:RE:RE:More to come soon … Sidewindergo wrote:By earning ...more  
Comment by ScienceFirst on May 30, 2023 9:07pm
Tamarackflop is just a bozo.  An incompetent clown. That clown has posted so often about "This company is done" (800+ FUD posts) that he cannot give up, as it would be an admission of failure.  The perfect behavior of a narcissic. ____________   tamaracktop - (5/30/2023 8:18:03 PM) RE:RE:RE:More to come soon … Sidewindergo wrote:By earning ...more  
Comment by mollyriley on May 31, 2023 5:48am
Honestly TT WHY are you here?!? Seriously just asking if you hate this company and the CEO SOO much and post constantly WHY are you here and waste your time? Are you just trying to 'save' us from a potential bad investment or just basher or shorter but please just answer the question WHY?   just really curious
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