4:05pm: PyroGenesis Canada shares add to gains late afternoon
PyroGenesis Canada closed up 31% to $1.58, while Argentina Lithium & Energy rose 7% to $0.33, MAX Power Mining finished 3% lower to $0.77, and Nextech AR Solutions ended up 4% at $0.80.
11:30am: PyroGenesis Canada, Argentina Lithium & Energy shares advance sharply
PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) shares shot up 20% to $1.45 on Thursday after the provider of advanced plasma processes announced that it has successfully delivered four 1 megawatt (MW) plasma torch systems to a top international iron ore producer, Client B, for use in the client’s iron ore pelletization furnaces – a key upstream process in the steelmaking industry.
READ: PyroGenesis says plasma torch systems delivered to client; moves directly to site acceptance testing
As well, shares of Argentina Lithium & Energy Corp (TSX-V:LIT, OTCQB:PNXLF) gained 10% to $0.34 as the lithium projects developer revealed positive lithium brine values at its Rincon West Project in Salta Province, Argentina, including a 153 metre interval ranging from 329 to 393 milligrams per litre (mg/l) lithium from the sixth diamond drill hole.
MAX Power Mining Corp (CSE:MAXX), meanwhile, reported the acquisition of nearly 100 square kilometres of claims in proximity to the prolific CV Lithium Trend and Patriot Battery Metals’ Corvette lithium discovery in the James Bay District of Quebec. MAX Power Mining stock moved up 6% to $0.84 following the announcement.
And, Nextech AR Solutions Corp. (CSE:NTAR, OTCQX:NEXCF) shares rose 4% to $0.80 on Thursday after the Metaverse company and provider of augmented reality (AR) experience technologies announced the launch of a major upgrade to its AI-powered Software-as-a-Service (SaaS) platform, Toggle3D, that enables the creation, design, configuration and deployment of 3D models at scale, using CAD files.
In addition to the new modern look and design, Nextech said it has launched an AI-generated Physics Based Rendering (PBR) material creation tool that now allows for the scale of photorealistic materials, which it expects to accelerate signups for the platform.
Contact Sean at sean@proactiveinvestors.com