Pyrogenesis Stock Price, News & Analysis

PyroGenesis (PYRGF) has signed a memorandum of understanding (MOU) with GE Vernova's Power Conversion & Storage business to develop and test plasma torch technologies for multi-megawatt industrial processes. The collaboration aims to replace fossil fuel combustion with all-electric plasma torches in high-temperature applications for aluminum, steel, and calcination industries.

Recent testing of PyroGenesis' plasma torches has demonstrated:

• Solid business case based on energy savings
• Potential for smaller furnaces with same capacity
• Up to 30% increase in production rates

The MOU outlines two phases: Phase 1 involves implementing plasma torches in an iron ore pellet facility, while Phase 2 focuses on retrofitting a primary aluminum smelter casthouse. This follows PyroGenesis' recent $27 million contract for developing a 20MW plasma torch system announced in October 2024.

PyroGenesis (PYRGF) has addressed investor concerns regarding the impact of recent U.S.-Canada tariffs on its operations. The company maintains that these tariffs will have minimal to no direct negative effect on its bottom line, citing several key factors:

The company manufactures many key systems, including Drosrite™ aluminum metal dross recovery systems, in the U.S., while most other components are produced in non-tariff-targeted countries. Additionally, besides U.S. defense sector clients, the majority of PyroGenesis' current and prospective clients are located in Europe, Canada, and the Middle East.

The company's $58M backlog is primarily denominated in foreign currencies: 84% in USD, 4% in EUROs, and 12% in CAD. PyroGenesis operates across three vertical solutions: Commodity Security & Optimization, Energy Transition and Emission Reduction, and Waste Remediation.

PyroGenesis (TSX: PYR) (OTCQX: PYRGF) has announced significant improvements in its NexGen™ plasma atomized metal powder production system. The company reported three key performance enhancements:

• Increased yield of key powder by 33-50% for laser cut powder (15-63µm particle size)
• Boosted operational uptime by over 25% without additional production days
• Reduced operational costs by approximately 20% since May 2023

These improvements follow PyroGenesis' recent announcement about meeting technical requirements for titanium coarse metal powder for a global aerospace OEM. The company, which invented and patented the plasma atomization process, focuses on three verticals: Commodity Security & Optimization, Energy Transition and Emission Reduction, and Waste Remediation.

PyroGenesis (PYRGF) has announced that Boeing is the previously unnamed global aerospace OEM that has approved their Ti64 'coarse' metal powder. The powder, produced by PyroGenesis' NexGen™ plasma atomization system, meets all technical requirements with a size fraction of 45µm to 150µm.

The company is now in the final stages of being added to Boeing's approved supplier list, with completion expected in Q1 2025. Additionally, PyroGenesis has submitted its 'fine' cut titanium metal powder for Boeing's qualification. The company has been proactively stockpiling the coarse cut titanium powder to ensure project readiness.

PyroGenesis, the original inventor of plasma atomization technology, develops metal powders for additive manufacturing as part of its three-vertical solution ecosystem, focusing on Commodity Security & Optimization, Energy Transition and Emission Reduction, and Waste Remediation.

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.