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PyroGenesis Canada Inc. addresses recent stock price declines, confirming no undisclosed issues are affecting the company. CEO P. Peter Pascali states all previously disclosed contracts remain secure and emphasizes that the company's project pipeline exceeds $65 million, expected to be signed within six months. The company reassures investors that ongoing and prospective projects are on track, asserting a strong market position and readiness for future growth.
PyroGenesis Canada announces CEO P. Peter Pascali will present at Zooming with LD on April 12, 2021, at 11:00 AM Eastern Time. The company specializes in plasma atomized metal powder, waste-to-energy systems, and plasma torch products. The event highlights PyroGenesis's innovations in advanced plasma technologies used across various industries including defense and 3D printing. This underscores the company’s commitment to leading-edge solutions. For further details, visit PyroGenesis's website.
PyroGenesis Canada Inc. announced the appointment of DGWA as its Investor and Corporate Relations advisor in Europe, effective April 1, 2021, for a one-year term. The collaboration aims to enhance awareness of PyroGenesis’ advanced plasma technology in the European market. DGWA, with a 25-year track record in SME analysis and financing, will assist in connecting with potential clients and investors. CEO P. Peter Pascali emphasized the alignment of the company’s growth and sustainability goals with the interests of carbon-conscious European stakeholders.
PyroGenesis Canada reported a strong performance for Q4 and FY 2020, achieving revenues of $17.78 million, a 269% increase over 2019. The net income from operations reached $3.3 million, marking the second consecutive profitable quarter. The company also reported a basic EPS of $0.28 for the year, exceeding guidance. With a cash position of approximately $27 million and a backlog of signed contracts at $30 million, PyroGenesis is well-positioned for growth. The outlook includes a focus on reducing greenhouse gas emissions and pursuing strategic mergers and acquisitions.
PyroGenesis Canada Inc. (TSX: PYR, NASDAQ: PYR) has accelerated the expiry date of its common share purchase warrants due to meeting the volume weighted average price requirement of $6.75 for 20 consecutive trading days. The new expiry date for the warrants is April 14, 2021. A total of 1,677,275 warrants were issued, with 520,472 already exercised, leaving 1,156,803 outstanding. If all warrants are exercised, it would generate approximately $5.2 million, enhancing the company's cash balance to $33.5 million.
PyroGenesis Canada Inc. has announced that the European Patent Office intends to grant a patent for its innovative plasma apparatus, which produces high-quality powders for 3D printing and hot isostatic pressing. This patent aims to enhance productivity and control over particle size, potentially lowering production costs. The company now holds 124 patents, including 100 applications in development, reinforcing its market position. CEO P. Peter Pascali highlighted the growing demand for plasma atomized powders, signaling a significant increase in market potential.
PyroGenesis Canada Inc. announced that CEO P. Peter Pascali will present at the Q1 Virtual Investor Summit from March 23-25, 2021. The presentation is scheduled for March 25 at 3:00 PM ET. This summit connects small and micro-cap companies with qualified investors, featuring over 100 companies and 300 investors.
PyroGenesis specializes in advanced plasma processes and products, operating from Montreal with a focus on defense, metallurgical, and environmental industries. Visit www.pyrogenesis.com for more details.
PyroGenesis Canada Inc. announced that its common shares have been approved for listing on the NASDAQ Capital Market under the ticker symbol PYR, effective March 11, 2021. This shift marks a significant milestone for the company, increasing its visibility in the financial community. The last trading day on the OTCQB is March 10, 2021. Additionally, the company has formed two new independent committees: a Compensation Committee and a Nominating and Corporate Governance Committee. No financings or reverse stock splits are associated with this listing.
PyroGenesis Canada has announced that its shares are now eligible for electronic clearing through the Depository Trust Company (DTC) in the U.S. This follows the approval of its application for listing on NASDAQ. DTC eligibility enhances liquidity and allows for a seamless electronic trading process. The company maintains its listing on the TSX and will trade under the symbol 'PYR'. PyroGenesis specializes in advanced plasma processes and products serving multiple industries, including defense and environmental sectors.
