Pyrogenesis - PYRGF STOCK NEWS

PyroGenesis (PYRGF) has achieved a significant milestone with its fumed silica reactor (FSR) pilot plant, successfully completing a week-long operation and producing its first batch of materials. The FSR represents a 20-fold scale-up from the lab-scale system and aims to revolutionize fumed silica production by eliminating carbon emissions through plasma-based technology.

The pilot plant, housed in a 4,000 sq ft facility, has a 50 TPY output capacity. Initial testing focused on regulating feedstock thermal profiles, with produced materials visually matching previous lab-scale results. Further independent laboratory analysis will verify structural and chemical properties.

The company plans three additional batch tests to ensure consistent production of high-surface-area fumed silica. An internal study suggests the eventual 1,000 TPY commercial configuration could achieve EBITDA margins three times higher than the industry average of 20%, with 93% lower capital investment compared to conventional plants.

PyroGenesis has announced its intent to convert its royalty rights into a 50% ownership stake in HPQ Silica Polvere. The global fumed silica market, valued at US$1.3 billion in 2022, is projected to reach US$2.1 billion by 2032, growing at a 5% CAGR.

PyroGenesis has secured a €1.63 million (CA$2.4 million) contract with Norsk Hydro ASA to test plasma technology for replacing fossil fuels in aluminum casthouses. The project, to be implemented at Hydro's Sunndal plant in Norway, aims to be one of the first worldwide to use plasma for industrial-scale aluminum melting.

The contract includes engineering, design, manufacturing, and delivery of a PyroGenesis plasma torch system to replace existing natural gas-powered furnace burners. Hydro's Sunndal facility, Europe's largest and most modern primary aluminum plant, produces over 400,000 tonnes of primary aluminum, 500,000 tonnes of casthouse products, and 80,000 tonnes of anodes annually.

The initiative aligns with Hydro's goal to achieve net-zero emissions across its aluminum value chain by 2050. If successful, the project could reduce global emissions from aluminum casthouses and recyclers by approximately 11 million tonnes of CO2.

PyroGenesis has announced that its subsidiary, Pyro Green-Gas, has secured a US$511,000 (CA$725,000) contract with a major global environmental services company for a large U.S. waste-to-energy project. This follows a $2.5 million contract from January 27, 2025, for gas flaring components.

The new contract involves engineering, design, fabrication, and delivery of condensate pots for biogas cleaning and purification. These components will be installed at a U.S.-based organic waste-to-energy facility producing pipeline-quality natural gas for a major metropolitan area. The condensate pots will prevent water-related blockages and corrosion in biogas production infrastructure.

The project aims to expand the energy grid while reducing landfills and addressing energy transition challenges in urban areas. The contract is expected to be completed in 2025 and is part of PyroGenesis's Energy Transition & Emissions Reduction solutions.

PyroGenesis has released guidance for Q4 and full-year 2024, projecting Q4 revenue of at least $4 million and full-year revenue of at least $15 million. This represents a 32% increase in quarterly revenue compared to Q4 2023 ($3.03M) and a 22% increase in annual revenue versus 2023 ($12.3M).

The company's backlog has grown significantly to $58 million, showing a more than 100% increase from the previous $29 million. According to CEO P. Peter Pascali, Q4 2024 is expected to be the strongest quarter since Q3 2022, demonstrating continued momentum since the revenue low of Q1 2023.

PyroGenesis operates in three key verticals: Energy Transition and Emission Reduction, Commodity Security and Optimization, and Waste Remediation, providing ultra-high temperature technology solutions for heavy industry.

PyroGenesis (TSX: PYR, OTCQX: PYRGF) announces significant energy efficiency achievements in their plasma torch technology. Recent testing data confirms up to 45% reduction in operational energy requirements compared to legacy diesel burners in PFAS destruction applications.

Tests across various applications demonstrate consistent benefits:

• 10-45% reduction in global energy consumption in aluminum sector applications
• Up to 30% reduction in melting time, increasing productivity
• 80% energy reduction in casting ladle heating compared to natural gas burners

These improvements enable companies to build smaller equipment for the same capacity, reduce costs, and increase production levels. The technology is part of PyroGenesis' three-vertical solution ecosystem, focusing on Energy Transition and Emission Reduction, Waste Remediation, and Commodity Security and Optimization.

PyroGenesis (TSX: PYR, OTCQX: PYRGF) reports that potential U.S. tariffs would have minimal impact on its operations. The company highlights that its Drosrite™ aluminum metal dross recovery systems are manufactured in the U.S., and most components for its systems are produced outside Canada.

The company's client base is primarily outside the U.S., concentrated in Europe, Canada, and the Middle East, with U.S. defense sector clients typically benefiting from tariff exemptions. Most contracts are denominated in US Dollars or Euros, potentially benefiting from current exchange rates.

PyroGenesis views potential U.S. policy changes positively, particularly regarding corporate tax reduction, regulatory streamlining, and energy sector expansion. The company's plasma torch technology, part of its three-tiered solution ecosystem, focuses on Energy Transition & Emissions Reduction, Waste Remediation, and Commodity Security and Optimization.

PyroGenesis announces a new $1.1 million contract through its subsidiary Pyro Green-Gas with the Varennes Carbon Recycling (VCR) plant, increasing total project contracts to $3.6 million. The new contract expands on the original $2.5 million project announced in June 2024 for a thermal swing adsorption system.

The additional scope includes engineering, technology services, and equipment for a nitrogen loop system at the VCR plant, which is a $1 billion biorefinery project backed by Shell, Suncor, Proman, and Enerkem, with support from Quebec and Canadian governments. The facility aims to convert 200,000 tonnes of non-recyclable waste into 125 million liters of chemicals and biofuels, targeting to reduce greenhouse gas emissions by 170,000 tonnes annually and 4.25 million tonnes over 25 years.

PyroGenesis (TSX: PYR) (OTCQX: PYRGF) has announced modifications to 1,710,350 common share purchase warrants. The changes include reducing the exercise price to $0.60 per share starting February 17, 2025, affecting two groups of warrants: 1,520,350 warrants currently priced at $0.75 and 190,000 warrants at $1.25. The warrants will expire on March 7, 2025.

The warrant certificates will be updated to reflect PyroGenesis' new corporate name and address, with all other terms remaining unchanged. The repricing requires final documentation with warrant holders, none of whom are company insiders. The TSX has approved these changes, subject to standard conditions. Proceeds from warrant exercises will support general corporate purposes.

PyroGenesis announces that its subsidiary, Pyro Green-Gas, has secured a US$1.74 million (CA$2.5 million) contract with a major global environmental services company for a large urban waste-to-energy project. The contract involves engineering, design, and delivery of gas flaring components for safe emission removal during renewable natural gas (RNG) production at a US-based organic waste facility.

The project aims to produce pipeline-quality natural gas for a major U.S. metropolitan area. An initial payment of CA$400,000 has been received, and the contract is expected to be completed in 2025. The technology will focus on environmentally friendly removal of peripheral emissions during RNG production.

This initiative is part of PyroGenesis's three-tiered solution ecosystem, specifically under the Energy Transition & Emissions Reduction tier, which includes gas purification, separation, and conversion technologies aimed at helping heavy industry reduce greenhouse gas emissions.