Welcome to our dedicated page for Pyrogenesis news (Ticker: PYRGF), a resource for investors and traders seeking the latest updates and insights on Pyrogenesis stock.
PyroGenesis Inc. (PYRGF) is a plasma-based technology provider to heavy industry and defense, and its news flow reflects this mix of industrial, environmental, and defense-related activities. Company announcements frequently highlight contracts, design studies, and technology deployments that apply ultra-high temperature plasma systems to complex engineering challenges.
Recent news items describe agreements to pursue the safe destruction of chemical weapons in Syria using the company’s PACWADS plasma arc chemical warfare agent destruction system, which is designed to neutralize agents such as sarin and mustard gas with high destruction efficiency. Other updates focus on plasma-based solutions for low-level radioactive waste treatment in collaboration with a European nuclear decommissioning specialist, illustrating the company’s role in nuclear and radioactive waste applications.
PyroGenesis also reports a steady stream of developments in materials production, particularly titanium metal powders produced by its NexGen™ plasma atomization process. News releases cover contracts for coarse, fine, and off-cut Ti64 powders with aerospace companies, contract manufacturers, and a U.S. minerals and metal technology firm, underscoring the company’s presence in additive manufacturing and critical mineral supply chains.
Additional coverage includes contracts for plasma torch systems in the cement industry to electrify calcination furnaces, collaborations with aluminum producers, projects with large-scale battery recyclers to test plasma in critical mineral recovery, and agreements related to waste processing, gas desulfurization, and hydrogen production. Investors and observers following PYRGF news can use this page to review how PyroGenesis’ plasma technologies are being adopted across cement, aluminum, aerospace, nuclear, battery recycling, and environmental services projects.
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) 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.
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.