Pyrogenesis Stock Price, News & Analysis

PyroGenesis (PYRGF) has announced a significant milestone in the development of its Fumed Silica Reactor (FSR) pilot plant. The company has successfully collected material, presumed to be fumed silica, from the system's baghouse during the latest phase of testing. The collected material has been sent to a 3rd party laboratory for analysis, with results expected in the coming days.

This development is part of PyroGenesis' work with HPQ Silicon Inc.'s subsidiary, HPQ Silica Polvere Inc. The project has progressed from successful lab-scale tests to pilot plant scale, focusing on validating equipment scale-up and replicating lab-scale product quality. If confirmed by lab analysis, this achievement would validate the process's ability to produce and collect material within the system's baghouse.

Fumed silica is a widely used industrial material found in numerous products, including cosmetics, pharmaceuticals, food products, construction materials, and batteries, primarily serving as a thickening/anti-caking agent.

PyroGenesis (PYRGF) reported Q1 2025 financial results with revenue of $3 million, down 14% from Q1 2024. The company posted a net loss of $4.26 million but showed improved gross margins of 27%, up 5.3 points year-over-year. The company maintains a strong backlog of $52 million in signed/awarded contracts, with 88% in USD. Key developments include a $5.75 million private placement loan from CEO P. Peter Pascali, new contracts in waste-to-energy projects worth $2.5 million, and a $2.4 million contract with Norsk Hydro for plasma torches. Notable achievements include successful production of fumed silica materials, progress in Boeing's titanium powder certification, and a strategic MOU with GE Vernova for industrial electrification solutions. The company continues its cost optimization program, targeting additional $3-5 million in recurring savings for 2025.

PyroGenesis (PYRGF) provides an update on their innovative Fumed Silica Reactor project, developed for HPQ Silica Polvere. The company is developing an all-electric plasma process to produce fumed silica, a widely used industrial material found in thousands of everyday products. Their new method aims to revolutionize traditional production by: 1) Reducing energy consumption from 100-120 kWh/kg to just 8-12 kWh/kg 2) Enabling direct processing from quartz in a single location 3) Eliminating toxic chemicals and hazardous byproducts The project is currently in the critical pilot plant testing phase, focusing on validating equipment scale-up and product quality. PyroGenesis holds a 50% interest in Polvere, exclusive equipment supplier rights, a 10% royalty on certain HPQ revenues, and owns HPQ shares and warrants. Evonik, a global specialty chemicals leader, has signed a letter of intent for future collaboration.

PyroGenesis (PYRGF) has successfully secured the first tranche of $2,385,000 from a previously announced non-brokered loan with CEO P. Peter Pascali. The company may receive up to an additional $3,365,000 in subsequent tranches by June 16, 2025, potentially totaling $5,750,000. As part of this transaction, PyroGenesis issued 5,207,423 warrants to Pascali, each allowing the purchase of one common share at $0.458 per share over a four-year period. The funds will be used for working capital and general corporate purposes. PyroGenesis specializes in developing advanced all-electric plasma processes and sustainable solutions for heavy industry's energy transition and emission reduction efforts.

PyroGenesis (PYRGF) has scheduled its Q1 2025 financial results conference call for May 14th, 2025 at 10:00 AM Eastern Time. The company, which specializes in advanced all-electric plasma processes and sustainable solutions for heavy industry, will discuss its financial performance for the quarter ended March 31, 2025, and provide updates on company progress and developments.

Participants can pre-register for the conference call through a provided link, and a live webcast will be available in both English and French. The webcast recording will be accessible on the company's Investor Relations website after the event.

PyroGenesis (PYRGF) CEO P. Peter Pascali has announced plans for a controlled share disposition through an automatic securities disposition plan (ASDP). The plan allows for the sale of up to 850,000 common shares held by Fiducie de Crédit Mellon Trust between April 10-May 9, 2025.

Currently, Pascali controls a total of 79,517,781 shares (42.59%) of PyroGenesis's outstanding shares through various entities. After the proposed disposition, his total ownership will decrease to 78,667,781 shares (42.13%). The sale represents approximately 0.46% of the company's outstanding shares.

Additionally, Pascali holds various warrants and options that, if fully exercised, could increase his total ownership to 88,412,781 shares (45.21%) of the company's outstanding shares.

PyroGenesis Inc. (PYRGF) reported strong Q4 2024 financial results with revenue of $4.22 million, up 40% year-over-year, and quarterly net income of $145,320. Full-year 2024 revenue reached $15.7 million, a 27% increase from 2023.

The company maintains a robust backlog of $54.4 million in signed/awarded contracts, with 87% denominated in USD. Key Q4 highlights include a 41.3% gross margin and Modified EBITDA of $1.8 million. Notable post-quarter developments include a $2.4 million contract with Norsk Hydro ASA for plasma torches and a US$1.74 million contract through subsidiary Pyro Green-Gas for an urban waste-to-energy project.

The company secured a significant $27 million contract for a 20-megawatt plasma torch system development with a U.S. defense client. Despite cash flow constraints, management remains confident about growth prospects, focusing on energy transition projects and industrial applications across aluminum, aerospace, and steelmaking sectors.

PyroGenesis (TSX: PYR) (OTCQX: PYRGF) has scheduled a conference call for April 1st, 2025, at 10:00 AM Eastern Time to discuss its fiscal year 2024 financial results and provide business updates. The company, which specializes in designing, developing, manufacturing and commercializing advanced all-electric plasma processes and sustainable solutions, will present results for the period ended December 31, 2024.

Interested participants can pre-register for the conference call through a provided registration link to receive dial-in details. Additionally, a live webcast will be available in both English and French, with recordings accessible on the company's Investor Relations website section following the event.

PyroGenesis (TSX: PYR, OTCQX: PYRGF) has provided an update regarding its involvement in the Varennes Carbon Recycling (VCR) project following recent developments. Through its subsidiary Pyro Green-Gas, the company secured contracts worth $2.5 million for engineering, design, and fabrication of a Thermal Swing Adsorption system, followed by an additional $1.1 million contract in February 2025.

On March 11, 2025, Varennes Cellulosic Ethanol LP (VCE), the entity managing the VCR project, filed for protection under the Companies' Creditors Arrangement Act (CCAA) due to liquidity challenges. Despite this development, PyroGenesis has been recognized as a key supplier and requested to continue its work on the project, with assurances of timely payments for contracted services moving forward.