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PyroGenesis Canada makes gains on receiving first payment of $25M aluminum processing contract

PyroGenesis Canada Inc (CVE:PYR) (OTCMKTS:PYRNF) CEO Peter Pascali tells Proactive the Montreal-based company received the first payment of roughly C$1.4 million from its client Drosrite International LLC.

Pascali says the payment kicks off a deal which licenses PyroGenesis to manufacture and sell aluminum dross processing DROSRITE systems and technology to Saudi Arabia and other Middle Eastern countries.

Quick facts: PyroGenesis Canada Inc.

Price: 5.6 CAD

TSX-V:PYR
Market: TSX-V
Market Cap: $835.22 m
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PyroGenesis Canada CEO says 'amazing' 2Q reveals doubled year-on-year revenue

PyroGenesis Canada Inc (CVE:PYR (OTCQB:PYRNF) CEO Peter Pascali tells Proactive reported second-quarter results revealing revenue that doubled year-over-year thanks in part to its contract with waste management company Drosrite International LLC. Pascali says the company posted revenue of...

1 week, 3 days ago

2 min read