Latest news with #PyroGenesis'
Yahoo
6 hours ago
- Business
- Yahoo
PyroGenesis Announces Extension to Term of Warrants
MONTREAL, June 09, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. ( (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a high-tech company that designs, develops, manufactures and commercializes advanced all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, announced today that up to 1,581,250 common share purchase warrants (the 'Warrants') will be amended. The Warrants, which have an exercise price of $1.20, will currently expire on July 22, 2025. Commencing on June 25, 2025, the expiration date of the Warrants held by holders wishing to participate in this proposal will be extended until November 18, 2025. The warrant certificates will also be amended to reflect the changes in PyroGenesis' corporate name and address, which occurred after the Warrants were initially issued. All other terms of the Warrants will remain unchanged. The implementation of these amendments remains subject to the finalization of the documentation with the applicable holders of Warrants. None of the holders of Warrants that are to be amended are insiders of the Company. The Company has received approval for these amendments from the Toronto Stock Exchange, subject to satisfaction of customary conditions. The net proceeds from the exercise of the Warrants will be used for general corporate purposes. About PyroGenesis Inc. PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional 'dirty' processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY1). For more information, please visit: Cautionary and Forward-Looking Statements This press release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects' or 'does not expect', 'is expected', 'an opportunity exists', 'is positioned', 'estimates', 'intends', 'assumes', 'anticipates' or 'does not anticipate' or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might', 'will' or 'will be taken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under 'Risk Factors' in PyroGenesis' latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis' profile on SEDAR+ at These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws. Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release. For further information please contact: Rodayna Kafal, Vice President, IR/Comms. and Strategic BDE-mail: ir@ RELATED LINK:
The Market Online
29-05-2025
- Business
- The Market Online
Boeing recognizes PyroGenesis as official supplier
Aerospace leader Boeing (NYSE:BA) has added PyroGenesis (TSX:PYR), a sustainable industrial solutions provider, to its network of approved suppliers, sending shares soaring in mid-morning trading PyroGenesis designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions that reduce greenhouse gases and manage waste at attractive economics PyroGenesis stock has given back 10.17 per cent year-over-year and 62.94 per cent since 2020 Aerospace leader Boeing (NYSE:BA) has added PyroGenesis (TSX:PYR), a sustainable industrial solutions provider focused on emissions reduction, commodity security and waste remediation, to its network of approved suppliers, sending shares soaring in mid-morning trading. The company will become Boeing's go-to supplier when it comes to titanium metal powders, specifically its Ti64-branded product with a particle size within 53-150 microns, which will be put to use in additive manufacturing. PyroGenesis' patented plasma atomization process is a lower-cost upgrade to the standard for metal powder development, enabling the company to produce particles of any size with little to no waste. The news follows accelerated testing with Evonik, a global chemicals manufacturer, towards potential fumed silica production in partnership with HPQ Silicon (TSXV:HPQ). Leadership insights 'PyroGenesis is proud to achieve official supplier status with Boeing. The high standard of Ti64 metal powder produced at PyroGenesis Additive for Boeing is the result of years of groundbreaking design and engineering work that went into developing our NexGen plasma atomization process,' P. Peter Pascali, president and chief executive officer of PyroGenesis, said in a statement. 'Our stated goal to produce some of the highest-quality metal powders in the additive manufacturing industry required being assessed by the highest-quality client under the toughest standards,' added Massimo Dattilo, vice-president of PyroGenesis Additive. 'Having received qualification of our coarse powder, we look forward to serving the needs of Boeing and its parts manufacturing and service centers with metal powder produced by PyroGenesis' NexGen plasma atomization system.' About PyroGenesis PyroGenesis designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions that reduce greenhouse gases and manage waste at attractive economics. PyroGenesis stock (TSX:PYR) is up by 16.48 per cent on the news trading at C$0.53 as of 11:32 am ET. The stock has given back 10.17 per cent year-over-year and 62.94 per cent since 2020. Join the discussion: Find out what everybody's saying about this sustainable industrial technology stock on the PyroGenesis Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
28-05-2025
- Business
- Yahoo
PyroGenesis Confirms Receiving Accelerated Customer Request for Fumed Silica Samples
MONTREAL, May 28, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. ('PyroGenesis') ( (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a high-tech company that designs, develops, manufactures and commercializes all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, announced today that, further to its news releases dated May 13, 2025 & May 15, 2025, and that of today's press release issued by HPQ Silicon Inc. ('HPQ'), HPQ Silica Polvere Inc. ('Polvere') has received multiple requests for delivery of its fumed silica powder for further analysis by potential clients. These powders will be shipped within 10 days. PyroGenesis has been engaged to develop the Fumed Silica Reactor by Polvere, a subsidiary of 1 - Fumed silica produced by PyroGenesis' Fumed Silica Reactor As a result, PyroGenesis confirms that, based on discussions with HPQ: At the request of one of Polvere's previously disclosed industrial collaborators, Polvere is proceeding with an accelerated shipment of fumed silica powder for early assessment. Separately, another potential client has formally requested a sample of the material for their own independent assessment. Both requests were made as a result of HPQ and PyroGenesis' recent announcements regarding successful material collection and third-party analysis results. These shipments are taking place prior to further refinement or optimization of the material, and reflect a growing interest from industry in PyroGenesis' innovative plasma-based process for producing fumed silica directly from quartz. 'We consider these requests as an indicator of the importance of our latest milestone,' said P. Peter Pascali, President and CEO of PyroGenesis. 'We are encouraged by this proactive interest from potential industry partners and view this as a sign that the market is paying close attention to our progress. While much remains to be proven, our ultimate goal is to position PyroGenesis' process as a disruptive, sustainable alternative in the global fumed silica market and, as such, aligning it with the company's overall commitment to sustainability, innovation, and responsible manufacturing.' Fumed silica is one of the most widely used industrial materials, and can be found in thousands of products we use every day, including personal care, cosmetics, toothpaste, pet litter, powdered food, milkshakes, instant coffee, pharmaceuticals, agriculture (food & feed), adhesives, paints, inks, photocopy toner, sealants, fiber optic cables, thermal insulation, construction materials, and batteries, just to name a few. It is often used in these products as a thickening/anti-caking agent, used to stabilize and improve the texture and consistency of the end-product. PyroGenesis' involvement in developing fumed silica from quartz is part of its three-vertical solution ecosystem that aligns with economic drivers that are key to global heavy industry. Fumed powders are part of PyroGenesis' Commodity Security & Optimization vertical, where the development of advanced material production techniques, and the use of technology such as plasma to recover viable metals, chemicals, and minerals from industrial waste, helps to maximize raw materials and improve the availability of critical minerals. The Company's other verticals are Energy Transition and Emission Reduction and Waste Remediation. About PyroGenesis Inc. PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional 'dirty' processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY1). Cautionary and Forward-Looking Statements This press release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects' or 'does not expect', 'is expected', 'an opportunity exists', 'is positioned', 'estimates', 'intends', 'assumes', 'anticipates' or 'does not anticipate' or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might', 'will' or 'will be taken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under 'Risk Factors' in PyroGenesis' latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis' profile on SEDAR+ at These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws. Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release. For further information :E-mail: ir@ A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Market Online
05-05-2025
- Business
- The Market Online
PyroGenesis CEO loans company up to C$5.575M
PyroGenesis (TSX:PYR), a provider of environmental solutions for heavy industry, has closed a non-brokered private placement with its president and chief executive officer, P. Peter Pascali, totalling up to C$5,575,000 PyroGenesis designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions that reduce greenhouse gases and manage waste at attractive economics PyroGenesis stock has given back 29.03 per cent year-over-year and 38.89 per cent since 2020 PyroGenesis (TSX:PYR), a provider of environmental solutions for heavy industry, has closed a non-brokered private placement with its president and chief executive officer, P. Peter Pascali, totalling up to C$5,575,000. The financing will consist of a loan deployed in up to three tranches to be agreed upon by Pascali and the company, with the final tranche to be issued no later than June 16, 2025. The company plans to use the funds for working capital and general corporate purposes. Interest will be owed monthly at a rate of 5 per cent for the first year and 18 per cent per year thereafter, with a maturity date of three years. As per the agreement, prepayment is permitted with five days' notice. According to Monday's news release, 'the loan will be secured by a hypothec on the universality of PyroGenesis' movable and immovable property.' Pascali will receive a one-time, non-refundable fee of C$300,000 for his participation, as well as warrants expiring in four years for up to 12,554,585 PyroGenesis shares priced at C$0.458 each. Ownership data from Stockhouse shows that Pascali currently holds about 79.5 million shares representing 42.5 per cent of the company. The loan follows PyroGenesis' profitable Q4, generating net income of C$145,320 while growing revenue by 40 per cent year-over-year to C$4.22 million. About PyroGenesis PyroGenesis designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions that reduce greenhouse gases and manage waste at attractive economics. PyroGenesis stock (TSX:PYR) is up by 2.33 per cent on the news trading at C$0.44 per share as of 10:02 am ET. The stock has given back 29.03 per cent year-over-year and 38.89 per cent since 2020. Join the discussion: Find out what everybody's saying about this industrial and environmental stock on the PyroGenesis Inc. Bullboard and check out the rest of Stockhouse's stock forums and message boards. The material provided in this article is for information only and should not be treated as investment advice. For full disclaimer information, please click here.
Yahoo
24-02-2025
- Business
- Yahoo
PyroGenesis Signs $2.4 Million Contract with Norsk Hydro ASA
Norsk Hydro ASA Moves to Decarbonize Aluminum Casthouses by Testing PyroGenesis' Plasma Technology with Global Potential MONTREAL, Feb. 24, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. ('PyroGenesis') ( (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company that designs, develops, manufactures and commercializes all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, announces that it has signed a €1.63 million (CA$2.4 million) contract with aluminium and renewable energy company Norsk Hydro ASA ('Hydro') as part of its stated plan to test plasma technology as one of the ways to replace fossil fuel with renewable alternatives in its aluminum casthouses. In January 2024, Hydro, as part of its stated goal to achieve net-zero emissions across the entire aluminum value chain by 2050, publicly announced their intention to test plasma technology in their test center in Sunndal 1: Sunndal primary aluminium plant (Photo: Anders Vindegg/Hydro) 'We are exploring the application of renewable energy sources in production steps that traditionally rely on fossil fuels. Plasma technology offers a way to electrify casthouse operations using the same renewable energy that powers our primary smelters. If we succeed with the pilot project at Sunndal, it will not only impact our operations but also has the potential to bring change to the aluminium industry and other hard-to-abate sectors worldwide,' says Per Eilert Vierli, Senior Vice President of Hydro Aluminium Metal. Hydro intends to melt the first aluminum in the R&D casthouse at Sunndal by next year. Hydro's Sunndal plant is the largest and most modern primary aluminum plant in Europe.i The facility, which also houses remelting, casthouse, and research and development activities, produces over 400,000 tonnes of primary aluminum, 500,000 tonnes of casthouse products, and 80,000 tonnes of anodes 2: Drone photo of Sunndalsøra Norway, featuring Hydro's aluminium plant, the largest and most modern primary aluminium plant in Europe. (Photo: Hydro) After announcing its goals in early 2024, Hydro initiated a competitive process to select a plasma technology partner. After an exhaustive process, PyroGenesis was selected by Hydro to undertake this major initiative. The potential for this contract was previously mentioned in the outlook section of PyroGenesis' Q3 2024 earnings news release, which listed a tendered bid underway for a global aluminum company, whose name was kept confidential at the time. 'Hydro is not just one of the largest aluminum companies in the world, but it is also one of the few companies that others in the industry look to for guidance and inspiration. We are proud to be partnering with a leader who is committed to decarbonizing and achieving net zero CO2 emissions in the entire aluminum value chain,' noted P. Peter Pascali, President and CEO of PyroGenesis. 'Our torch capabilities are the reason PyroGenesis is increasingly becoming the go-to plasma solution company for the biggest and most influential names in heavy industry as they seek solutions to meet their global energy transition and decarbonization strategies. As noted in our recent press release dated February 10, 2024, recent results have confirmed that a solid business case can be made to transition to all-electric PyroGenesis plasma torches from an energy savings perspective alone, and any positive environmental impact (such as CO2 reduction) would be just icing on the cake. In addition, with the reduced energy requirement as a result of using PyroGenesis torches, companies can now contemplate building smaller furnaces (for the same capacity), reducing costs further for the same project. Last but not least, the reduced aluminum melting time means companies can raise production levels, generating higher and faster output. Increasing production rates by up to 30% from the same production footprint implies processing more output which in turn directly impacts revenues and profitability. As I said, the advantages from using PyroGenesis' plasma torches create a solid business case apart from the concurrent positive environmental impact of doing so. It is for these reasons that we say that 'PyroGenesis is working to make sustainability sustainable.'' The contract with Hydro is for the engineering, design, manufacturing, and delivery of a PyroGenesis plasma torch system and related peripheral components that will be used to replace existing natural gas-powered furnace burners in an aluminum casthouse furnace. The project will be one of the first in the world to use plasma to melt aluminum on an industrial scale, and will measure energy consumption, melting rate, aluminum quality, and production output among other data. Hydro expects this project, if successful, to pave the way for decarbonization of casthouse operations on a larger scale, stating that the global potential for reducing emissions from aluminum casthouses and recyclers is in the neighborhood of 11 million tonnes of Hydro is a Norway-based aluminum and renewable energy company founded in 1905, that is often considered one of the most respected and influential leaders in heavy industry, with 32,000 employees across operations in 42 countries. Since entering the aluminium business in the 1960s, Hydro has become one of the largest aluminum producers in the world. The company posted 2024 revenues of US$18.3 billion. PyroGenesis' development of plasma torches for use in high temperature industrial processes is part of its three-vertical solution ecosystem that aligns with economic drivers that are key to global heavy industry. Plasma torches for use in aluminum casthouse furnaces are part of PyroGenesis' Energy Transition and Emission Reduction vertical, where fuel switching to PyroGenesis' electric-powered plasma torches helps heavy industry reduce energy costs, fossil fuel use, and emissions. The other verticals are Waste Remediation and Commodity Security and Optimization. About PyroGenesis Inc. PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional 'dirty' processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY). Cautionary and Forward-Looking Statements This press release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects' or 'does not expect', 'is expected', 'an opportunity exists', 'is positioned', 'estimates', 'intends', 'assumes', 'anticipates' or 'does not anticipate' or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might', 'will' or 'will be taken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under 'Risk Factors' in PyroGenesis' latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis' profile on SEDAR+ at These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws. Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release. For further information please contact:Rodayna Kafal, Vice President, IR/Comms. and Strategic BDE-mail: ir@ ___________________________i ii accompanying this announcement is available at: in to access your portfolio
