PyroGenesis Announces $1 Million First-Phase Contract to Develop Plasma-Based Graphite Production System
PyroGenesis Canada Inc. (TSX: PYR) (OTCQX: PYRGF) has secured a $1 million first-phase contract to develop a plasma-based graphite production system. The contract involves designing and delivering a customized pilot-scale plasma reactor and testing system for an unnamed graphite producer. Upon successful completion, PyroGenesis has exclusive rights to develop a full-scale graphite production plant.
The company has negotiated a 10% royalty on future gross revenues from the initial commercial plant and a 5% royalty on subsequent plants. PyroGenesis will be the exclusive plasma supplier and engineering service provider for these plants. This project aligns with PyroGenesis' Commodity Security & Optimization tier, focusing on critical minerals like graphite, which is important for various industries and Canada's Critical Mineral Strategy.
PyroGenesis Canada Inc. (TSX: PYR) (OTCQX: PYRGF) ha ottenuto un contratto di prima fase da 1 milione di dollari per sviluppare un sistema di produzione di grafite basato su plasma. Il contratto prevede la progettazione e la fornitura di un reattore a plasma pilota personalizzato e di un sistema di test per un produttore di grafite non specificato. Al termine con successo, PyroGenesis avrà diritti esclusivi per sviluppare un impianto di produzione di grafite su larga scala.
L'azienda ha negoziato una royalty del 10% sui futuri ricavi lordi dell'impianto commerciale iniziale e una royalty del 5% per gli impianti successivi. PyroGenesis sarà il fornitore esclusivo di plasma e il fornitore di servizi ingegneristici per questi impianti. Questo progetto è in linea con il livello di Sicurezza e Ottimizzazione delle Materie Prime di PyroGenesis, concentrandosi su minerali critici come la grafite, importante per vari settori e per la Strategia dei Minerali Critici del Canada.
PyroGenesis Canada Inc. (TSX: PYR) (OTCQX: PYRGF) ha conseguido un contrato de primera fase de 1 millón de dólares para desarrollar un sistema de producción de grafito basado en plasma. El contrato implica el diseño y la entrega de un reactor de plasma a escala piloto personalizado y un sistema de pruebas para un productor de grafito no especificado. Una vez completado con éxito, PyroGenesis tendrá derechos exclusivos para desarrollar una planta de producción de grafito a gran escala.
La empresa ha negociado un royalty del 10% sobre los futuros ingresos brutos de la planta comercial inicial y un royalty del 5% sobre las plantas posteriores. PyroGenesis será el proveedor exclusivo de plasma y el proveedor de servicios de ingeniería para estas plantas. Este proyecto se alinea con el nivel de Seguridad y Optimización de Materias Primas de PyroGenesis, centrándose en minerales críticos como el grafito, que es importante para diversas industrias y la Estrategia de Minerales Críticos de Canadá.
PyroGenesis Canada Inc. (TSX: PYR) (OTCQX: PYRGF)는 플라즈마 기반의 그래파이트 생산 시스템 개발을 위한 100만 달러 규모의 1단계 계약을 체결했습니다. 이 계약에는 특정되지 않은 그래파이트 생산업체를 위해 맞춤형 파일럿 규모의 플라즈마 반응기와 테스트 시스템을 설계하고 제공하는 것이 포함됩니다. 성공적으로 완료된 후, PyroGenesis는 풀 스케일 그래파이트 생산 공장을 개발할 독점 권리를 갖게 됩니다.
회사는 초기 상업 공장에서의 향후 총 수익에 대해 10%의 로열티와 후속 공장에 대해 5%의 로열티를 협상했습니다. PyroGenesis는 이러한 공장을 위한 독점 플라즈마 공급자이자 엔지니어링 서비스 제공자가 될 것입니다. 이 프로젝트는 그래파이트와 같은 중요한 광물에 집중하는 PyroGenesis의 원자재 보안 및 최적화 수준과 일치하며, 이는 다양한 산업과 캐나다의 중요 광물 전략에 중요합니다.
PyroGenesis Canada Inc. (TSX: PYR) (OTCQX: PYRGF) a obtenu un contrat de première phase de 1 million de dollars pour développer un système de production de graphite basé sur le plasma. Le contrat comprend la conception et la livraison d'un réacteur plasma à l'échelle pilote personnalisé et d'un système de test pour un producteur de graphite non spécifié. Une fois la réalisation achevée avec succès, PyroGenesis disposera de droits exclusifs pour développer une usine de production de graphite à grande échelle.
L’entreprise a négocié une redevance de 10% sur les revenus bruts futurs de l’usine commerciale initiale et une redevance de 5% sur les usines subséquentes. PyroGenesis sera le fournisseur exclusif de plasma et le prestataire de services d'ingénierie pour ces usines. Ce projet est en ligne avec le niveau de Sécurité et d'Optimisation des Matières Premières de PyroGenesis, axé sur des minéraux critiques comme le graphite, qui est important pour diverses industries et pour la Stratégie des Minéraux Critiques du Canada.
PyroGenesis Canada Inc. (TSX: PYR) (OTCQX: PYRGF) hat einen 1 Million US-Dollar Vertrag in der ersten Phase zur Entwicklung eines plazmabasierten Graphitproduktionssystems gesichert. Der Vertrag umfasst das Design und die Lieferung eines maßgeschneiderten Pilot-Plasma-Reaktors und eines Testsystems für einen nicht benannten Graphitproduzenten. Nach erfolgreichem Abschluss hat PyroGenesis exklusive Rechte zur Entwicklung einer vollwertigen Graphitproduktionsanlage.
Das Unternehmen hat einen Royalty von 10% auf zukünftige Bruttoeinnahmen aus der anfänglichen kommerziellen Anlage und einen Royalty von 5% auf nachfolgende Anlagen ausgehandelt. PyroGenesis wird der exklusive Plasmalieferant und Ingenieurdienstleister für diese Anlagen sein. Dieses Projekt steht im Einklang mit der Commodity Security & Optimization-Ebene von PyroGenesis und konzentriert sich auf kritische Mineralien wie Graphit, die für verschiedene Industrien und die Critical Mineral Strategy Kanadas wichtig sind.
- Secured $1 million contract for pilot-scale plasma reactor development
- Exclusive rights for full-scale graphite production plant development
- 10% royalty on future gross revenues from initial commercial plant
- 5% royalty on subsequent plants
- Exclusive plasma supplier and engineering service provider for future plants
- Aligns with Canada's Critical Mineral Strategy
- None.
MONTREAL, Sept. 03, 2024 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company (the “Company” or “PyroGenesis”) that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce today the signing of a contract with an entity engaged in the production of graphite. The first phase
“Graphite is considered to be a critical mineral that is widely used across manufacturing. It is used in the production of numerous essential materials and products including glass and steel, as well as in the processing of iron, the creation of batteries and pencils, automotive brake linings, and even in some nuclear reactor cores,” said P. Peter Pascali, President and CEO of PyroGenesis. “In fact, graphite is so crucial that is has been labelled as one of the six minerals that have been prioritized in Canada’s Critical Mineral Strategy. In this program, graphite has been identified as having a distinct potential to spur Canadian economic growth due to its necessity as an input for priority supply chains.i If we are successful in using plasma to extract and valorize graphite at the level that we believe we can, the road ahead for this unique production technique could be very rewarding. But one step at a time.”
Under the terms of this contract, PyroGenesis will design and build a system tailored for pilot-scale production of graphite using plasma. Additionally, PyroGenesis has negotiated a
“As I have often stated,” added Mr. Pascali, “PyroGenesis only commits to ideas that have both real and significant potential for successful commercialization. While we are approached regularly by companies seeking a technology partner, we will only commit our engineering and technical resources to those whose ideas have the most upside. We consider this news today to be one of those rare opportunities.”
PyroGenesis’ involvement in developing plasma reactors for use in the production of minerals is part of its three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. Plasma reactors for graphite production are part of PyroGenesis’ Commodity Security & Optimization tier, where the production or recovery of viable metals, and the optimization of production to increase output of these metals, helps to maximize raw materials and improve the overall availability of critical minerals. Graphite has been identified as a critical mineral by the Canadian government.
About PyroGenesis Canada Inc.
PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional “dirty” processes. The Company has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis’ shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY). For more information, please visit: www.pyrogenesis.com.
Cautionary and Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in PyroGenesis’ latest annual information form, and in other periodic filings that the Company has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis’ profile on SEDAR+ at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect the Company. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws.
Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release.
For further information please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
E-mail: ir@pyrogenesis.com
RELATED LINK: http://www.pyrogenesis.com/
FAQ
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