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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: 0.41 CAD

TSX-V:PYR
Market: TSX-V
Market Cap: $57.37 m
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Full interview: PyroGenesis Canada increases healthy contract backlog almost...

PyroGenesis Canada Inc (CVE:PYR) (OTCMKTS:PYRNF) CEO Peter Pascali tells Proactive the plasma torch company increased its healthy contract backlog almost 500% in the third quarter from the second quarter. Pascali says that during the 3Q the firm increased the backlog of signed contracts to...

on 12/04/2019

2 min read