PyroGenesis Canada board approves plan to list on the Nasdaq
PyroGenesis Canada expects its shares to start trading on the tech-heavy exchange under ticker symbol “PYR” in 1Q 2021
Company
OTCMKTS: PYRNF
PyroGenesis Canada Inc, a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and products. The company provides its engineering and manufacturing expertise and its turnkey process equipment packages to customers in the defense, metallurgical, mining, advanced materials (including 3D printing), and environmental industries. With a team of experienced engineers, scientists and technicians working out of its Montreal office and its 3,800 square metre manufacturing facility, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The company’s core competencies allow PyroGenesis to provide innovative plasma torches, plasma waste processes, high-temperature metallurgical processes, and engineering services to the global marketplace. PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified.
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PyroGenesis Canada expects its shares to start trading on the tech-heavy exchange under ticker symbol “PYR” in 1Q 2021
The company also said its gross margin for the period rose 22.7% as it ended the quarter with a $36.4 million backlog of signed contracts
The Canadian company is eyeing more orders from the client with over 10 plants, each possibly requiring up to 50 plasma torches
The testing was held at a US facility where an end-user evaluated the equipment during, and after, the assembly process
Its shares will be listed on the TSX for trading at the opening of markets on November 20 under its current trading symbol 'PYR'
CEO Peter Pascali provided a history of its plasma torch business and how it relates to the iron ore pelletization industry in this Q&A format
The company's bought-deal financing involved the issue of 3,354,550 units at a price of $3.60 per unit
Final approval of the listing is subject to the company fulfilling all of the requirements of the TSX, including completion of a public offering, for which the company filed a prospectus on October 20
PyroGenesis Canada CEO Pascali said the order clearly underscored the “significant interest” in such powders
It has entered into a revised agreement with Mackie Research Capital as sole book runner to offer 2,917,000 units at a price of $3.60 per apiece
The companies pointed to Tesla’s recent battery day as validation for the silicon coating concept
The company is hoping for conditional approval from the exchange
The company recently took an ownership interest in HPQ Nano Silicon Powders, with a 10% royalty on future sales and the option to convert the royalty into a 50% ownership stake
DROSRITE treats aluminum dross, a waste which forms as hot metal is being smelted
The Montreal-based company, which designs and manufactures high-tech plasma products, was responding to a drop in its share price on Friday, which prompted a brief halt in trading
The 18-month project involves the next Gerald R. Ford-class of US aircraft carriers -- the USS Enterprise and the USS Doris Miller
The company said it had completed and accepted a modeling contract with an unnamed client and confirmed receipt of a draft equipment purchase contract
HPQ Silcom is closing a non-brokered private placement of 4,500,000 units at $0.60 per unit for total gross proceeds of $2,700,000 with PyroGenesis and another placee, THREED CAPITAL INC
Shares in the high tech group, which is focused on advanced plasma processes and products, dropped around 14% earlier in Toronto
The contract has been developed to utilize the benefits of PyroGenesis’ PUREVAP Nano Silicon Reactor (NSiR) to produce nano silicon powder for the battery market