Pyrogenesis Canada Inc - PYR STOCK NEWS

PyroGenesis Canada Inc. (TSX: PYR) announced a significant commercial order for titanium powders under a partnership with Aubert & Duval, aimed at the European Additive Manufacturing market. This order marks a milestone, with the first commercial batch produced at PyroGenesis's Montreal facility using the NexGen™ plasma atomization system. The global 3D printing market is projected to grow at a CAGR of 20.8% from 2022 to 2030, positioning PyroGenesis favorably to capture a share of the titanium powder market. The batch size has increased substantially from previous samples, now totaling 100 kg.

PyroGenesis Canada Inc. reported Q1 2022 revenues of $4.2 million, a 33% decrease from Q1 2021. Despite a large backlog exceeding $41 million and production momentum, gross margin profit fell to 25%. Notably, the company anticipates significant growth, driven by a thriving aluminum market with a project pipeline exceeding $300 million. Challenges include rising SG&A expenses, which surged by 41%, and a comprehensive loss of $4 million. The company maintains a robust cash position of $18.5 million to navigate ongoing operational challenges.

PyroGenesis Canada Inc. (TSX: PYR, NASDAQ: PYR) has announced a conference call scheduled for May 17, 2022, at 10:00 AM ET to discuss its first quarter 2022 financial results, which ended on March 31, 2022. As a leader in advanced plasma processes aimed at reducing greenhouse gas emissions, the company highlights its commitment to innovation in sectors like iron ore pelletization and waste management. The call will be accessible via telephone or a webcast, emphasizing transparency in corporate developments.

PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) has announced that Mr. Steve McCormick, VP Corporate Affairs, will present at the MicroCap Rodeo Spring Into Action Best Ideas Conference from May 16-20, 2022. His presentation is scheduled for May 18, 2022, at 2:00 p.m. ET, with a live webcast available for replay. The conference features 36 top ideas from qualified institutional investors, highlighting best strategies for investing. For more details or to schedule a meeting, interested parties can reach out via email.

PyroGenesis Canada Inc. (TSX: PYR, NASDAQ: PYR) announces successful commissioning of its DROSRITE™ technology at a North American automobile parts manufacturer, part of a two-system order originally intended for an Asian client. The systems, each capable of processing 5,000 tons/year, were fully paid for after the Asian client's facility expansion delays. The client now operates three DROSRITE™ systems, with a fourth expected to be commissioned as production demand increases. PyroGenesis has 14 DROSRITE™ systems currently ordered or in transit, further solidifying its role in aluminum dross recovery and emission reduction.

PyroGenesis Canada Inc. (TSX: PYR) has successfully commissioned its DROSRITE™ dross recovery technology at Ma’aden Aluminum, validating its effectiveness for a major aluminum producer. This achievement includes the initial order of seven DROSRITE systems, with three already fully operational at the smelter. The technology presents an opportunity for increased production efficiency and opens avenues for further expansion in the aluminum sector. The company is also receiving interest from other producers in the Gulf region, highlighting the potential for future growth.

MONTREAL, Quebec, April 21, 2022 - PyroGenesis Canada Inc. (TSX: PYR, NASDAQ: PYR) announced participation in two major investor conferences in May. CEO P. Peter Pascali will present at the Q2 Investor Summit on May 4 at 11:00 AM ET, with a live webcast available. Additionally, VP Steve McCormick will present at the Planet MicroCap Showcase on the same day at 8:30 AM PT/11:30 AM ET. Both events will allow for investor 1x1 meetings. PyroGenesis is recognized for its advanced plasma technologies aimed at reducing greenhouse gases across several industries.

PyroGenesis Canada Inc. provides an update on its Aluminum business line, highlighting the demand for its Drosrite™ metal recovery systems. With aluminum demand rising by 80% in the next 20 years and prices up nearly 40%, producers are looking for innovative solutions to boost production yields. The Drosrite™ system recovers up to 98% of aluminum from dross, significantly enhancing efficiency. Several key developments include successful deployments in the Middle East, new purchase orders, and collaborations for dross residue valorization. The company aims to be a leading supplier in the aluminum sector.

P. Peter Pascali, CEO of PyroGenesis Canada, announced a planned sale of up to 750,000 common shares through an automatic securities disposition plan (ASDP) to facilitate tax payments and debt reduction. Following this transaction, Pascali's ownership will decrease from 46.87% to 46.43% of the total shares. As of April 8, 2022, he held 79,744,498 common shares, and if all options are exercised, his ownership could rise to 48.66% of outstanding shares. The ASDP aims to ensure a structured sale without Pascali's influence.