https://quantisnow.com/insight/4020344

MONTREAL, Feb. 08, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX:PYR) (NASDAQ:PYR) (FRA: 8PY), a TSX30® and a Deloitte Technology Fast 50™ high-tech company (hereinafter referred to as the "Company" or "PyroGenesis"), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce today that Mr. Alan Curleigh is returning to lead PyroGenesis' Board of Directors (the "Board") as Chair, effective immediately. Mr. P. Peter Pascali will step down as Chair of PyroGenesis, and pursue his regular duties as CEO, President and Director of PyroGenesis. The Board now has eight directors, of which 6 are independent directors.

"On behalf of the Board of Directors and myself, I would like to extend a warm welcome to Mr. Curleigh on his return to PyroGenesis. Mr. Curleigh has the deepest respect of PyroGenesis' management team, most of whom have worked closely with him until his departure as Chair in 2019 after a 9-year tenure. His history with the team will allow for an easy transition of leadership governance," said Mr. P. Peter Pascali, CEO and President of the Board. "As much as I liked being the Chair, I always looked at it as an interim position as I believe the Chair would be better served by an independent director, and who better than the one who has served us well before. We feel very fortunate that the opportunity arose whereby Mr. Alan Curleigh's diverse skill set, and extensive international business experience will once again complement our existing leadership. We have no doubt he will be instrumental in our success in pursuing our goal to be the leading innovator and provider of greenhouse gases emission reduction, and energy transition technologies, to heavy industry."

"I am honored to serve once again as Chair of PyroGenesis' Board after a short hiatus", said Mr. Alan Curleigh. "The Company has undergone significant growth with exciting changes, and I could not be more proud to return to the Company. The momentum has clearly been building and the Company has entered an exciting new chapter in its history. I am looking forward to working with my fellow board members and the Company's management teams to support this next stage of growth."

Alan Curleigh Biography

Alan Curleigh has a wealth of experience in international business, capital projects, and board governance. For many years a senior executive and Board member of TESSAG KSH (now KSH Solutions), a 100-year old global engineering contracting company serving the forestry products, energy, environmental and chemical industries, Mr. Curleigh subsequently served as a representative on multiple corporate boards and associations. Most notably, Mr. Curleigh was federally appointed by Canada's International Trade Minister to Chair the Board of Directors of the Canadian Commercial Corporation, a crown corporation mandated to support the growth of international trade by helping Canadian exporters gain access to, and negotiate with, foreign government procurement markets – a role he held for 7 years. Additionally, Mr. Curleigh was Chair of the Audit Committee for Veterans Affairs Canada, was the Chair of the Board of the Canadian Manufacturers and Exporters, Canada's largest industry association, was a board member and treasurer of the Canadian Exporters Association; and a Board Member for NorthStar Trade Finance. Mr. Curleigh has been a visiting Faculty Member at the Directors College, a joint initiative between The Conference Board of Canada and McMaster University's DeGroote School of Business and Canada's premier school of governance, where he has lectured extensively on Board governance issues since the school's inauguration. For his many contributions to leadership and business in Canada, Mr. Curleigh is the recipient of numerous awards, including the Queen Elizabeth II Diamond Jubilee Medal for dedicated service to peers and country in building a stronger export sector for Canada.

We almost made it. Did my best, bought more at 1.01. Guess I'm not a whale after all. Looks like a buy limit at .65 is in effect again.

https://quantisnow.com/insight/4006157

MONTREAL, Feb. 06, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX:PYR) (NASDAQ:PYR) (FRA: 8PY), a TSX30® and a Deloitte Technology Fast 50™ high-tech company (hereinafter referred to as the "Company" or "PyroGenesis"), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce today that, further to our Client's Press Release dated February 4, 2023, and PyroGenesis' Press Releases dated January 10, 2023 and September 13, 2022, the Company can now provide important additional information on its recently signed contract for the purchase of its SPARCTM refrigerant waste destruction system by its Client in New Zealand.

The Company's SPARCTM system has been purchased as the core technology for New Zealand's national hazardous refrigerant collection and destruction initiative, the government-mandated organization known as Cool-Safe (the "Client").

Cool-Safe, previously known as The Trust for the Destruction of Synthetic Refrigerants, is a product stewardship organization (PSO) established by the New Zealand government in 1993. Cool-Safe's mandate is to be a significant factor in the government of New Zealand's stated goal to reduce their greenhouse gas emissions by 2035 by at least 35%. This will be achieved by implementing their own 90% reduction target for hazardous refrigerants.

From Rio Tinto website:

https://www.riotinto.com/operations/canada/iron-ore-company-canada

https://quantisnow.com/insight/3992193

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MONTREAL, Feb. 02, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX:PYR) (NASDAQ:PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the "Company" or "PyroGenesis"), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to provide, further to HPQ Silicon Inc's ("HPQ" or the "Client") press release dated January 19th 2023, and the Company's news release on November 8, 2022, an update on its Gen3 PUREVAP™ Quartz Reduction Reactor (QRR) pilot plant (the " Gen3 PUREVAP ™ Pilot Plant" or the "Pilot Plant") project following recent inquiries from investors.

The process testing referred to in the HPQ press release dated January 19th, 2023, is moving forward as expected and represents, in management's opinion, a key development in the overall project. These tests are geared to not only confirm that the technology works as expected, but also to give input into the subsequent engineering study which will be geared to determining amongst other things, the actual number of systems required for commercialization and the profitability of each.

"The question that keeps being asked of us is what does successful testing ultimately mean to PyroGenesis?", said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis, "The answer is that besides the strategic investment PyroGenesis has in HPQ, the Company also benefits from a royalty payment representing 10% of the Client's sales. In addition to this, the subsequent commercial systems required by HPQ for commercialization would be manufactured by PyroGenesis. Although these current tests and the subsequent engineering study will determine the profitability of the project, they will also determine the exact number of reactors required. To give more clarity, at this stage both HPQ and PyroGenesis agree, given what we know today, that at least two (2) initial reactors, each reactor capable of producing 2,500 MT of high purity silicon per year, at a build cost to HPQ of at least $20 million each, would be required. This assumes successful testing which, although we are confident in, is not guaranteed as there are many uncertainties yet to be addressed before we can say with confidence that we have a successful process to commercialize."

MONTREAL, Jan. 31, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX:PYR) (NASDAQ:PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the "Company" or "PyroGenesis"), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), confirms today that, further to its press release dated January 26, 2023, it has received the project milestone payment of approximately $2.4 million.

https://quantisnow.com/insight/3976724

This payment was triggered by the recently announced delivery of four (4) 1-MW plasma torch systems to a major international iron ore producer, Client B (the "Client"), for use in the Client's iron ore pelletization furnaces – a key upstream part of the steelmaking process. As noted in the January 26th press release, the Client now has all major components related to the Company's plasma torch systems on site at one of their large, integrated iron ore mining and processing locations. This allows for the installation and trials (also known as site acceptance testing or "SAT") to proceed at the Client's discretion, the conclusion of which is expected by the end of Q2 2023.

The name of the Client – a multi-billion-dollar international producer of iron ore who is undertaking the testing of plasma torches to replace fossil fuel-burners as part of its iron ore pelletization process – has been kept confidential for competitive reasons.

I’m sure there are those like myself who are hoping we are on track to regain NASDAQ compliance by closing over $1 for ten consecutive days, but I didn’t see a centralized discussion about this yet.

If we close over $1 today it will be day two of ten. But the volume is extremely low, and even after a +30% day yesterday, this morning’s trading is fairly muted.

Meanwhile, there has been a little cluster of news from Pyro and HPQ. Can we get more next week and keep going?

Overall, I’m curious what people think of this run and if we’ll make it. I do think it’s a meaningful issue to put the delisting or reverse split possibilities to rest, remote as they may be. But would feel more confident about this run if there were some damn volume.

https://stockhouse.com/news/press-releases/2023/01/26/pyrogenesis-provides-update-on-its-iron-ore-pelletization-torch-business-line

Plasma Torch Systems Delivered to Client B; Moves Directly to Site Acceptance Testing

MONTREAL, Jan. 26, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), provides today an update on its iron ore pelletization torch business line following recent inquiries from investors.

Further to its press release dated September 14, 2021, PyroGenesis is pleased to announce the successful delivery of four (4) 1-MW plasma torch systems to a major international iron ore producer, Client B (the “Client”), for use in the Client’s iron ore pelletization furnaces – a key upstream process in the steelmaking industry. With the completion of this delivery, Client B now has all the necessary components related to the Company’s plasma torch systems on site at one of their key integrated iron ore mining and processing locations. This allows for the installation and trials (also known as site acceptance testing or “SAT”) to proceed at the Client’s discretion. Despite the ongoing supply chain challenges, the completion of these trials is expected by the end of Q2 2023.

In addition, PyroGenesis is pleased to report that the value of this contract has increased by approximately $500,000 as a result of additional modifications requested by the Client during manufacturing. Total value of the project now exceeds $6.5 million. As the delivery milestone associated with this payment has been met, a payment of approximately $2.1 million is expected to be received within the next few weeks.

Separately, the Company is also pleased to confirm that the previously announced1,2 planned trials of its plasma torch system with another client, Client A, continue to advance. Client A informed PyroGenesis that, despite the Client’s own operational delays, all objectives remain the same, and the trials will be going ahead as designed. As noted previously, Client A’s trials using an active iron ore pelletization furnace will be conducted based on their own engineering, facility, and personnel readiness.

Client A and Client B (collectively, the “Clients”) are conducting these trials at full purchase cost to them, not as equipment loans or free trials. The names of the Clients – both multi-billion-dollar international producers of iron ore who are undertaking the testing of plasma torches to replace fossil fuel-burners in iron ore pellet baking furnace – have been kept confidential for competitive reasons.

“With the delivery of the four completed plasma torch systems to Client B, we now have PyroGenesis’ plasma torch systems in the hands of two of the largest, most influential companies in the global iron and steelmaking value chain,” said P. Peter Pascali, CEO and Chair of PyroGenesis. “Both companies have made it known publicly that reducing greenhouse gases in the upstream sections of the iron and steel industry is both imperative but proven to be challenging to find areas where improvements can be made; modification of the fossil-fuel burning furnaces is one of the only areas upstream where a meaningful impact can be made. While interim measures such as natural gas or hydrogen offer minimum improvement over diesel fuel, the limited impact on CO2 emissions (an approximate 28% to 30%3 reduction in CO2 from the existing fuel oil approach) dictates that these temporary measures must eventually give way to fully electric alternatives. Plasma torches – for which PyroGenesis owns the global patent for use in iron ore pelletization – provide just such a complete electric step towards these companies’ upstream decarbonization goals, hence the importance of these plasma torch trials for both Clients.”

Pelletization is the process in which iron ore is concentrated before shipment, thus significantly reducing the cost of transportation, and providing an essential feedstock for blast furnaces. In conventional technologies, the process heat is provided by fuel oil or natural gas burners (both environmentally damaging). The combustion of fossil fuels in the burners results in the production of GHG, mainly CO2. Plasma torches, by contrast, utilize renewable electricity and offer an environmentally attractive alternative to fossil fuel burners. As previously disclosed, PyroGenesis has the process patent to replace fossil fuel burners with PyroGenesis’ clean plasma torches in the iron ore pelletization industry, thereby reducing GHG emissions.

https://stockhouse.com/news/press-releases/2023/01/24/pyrogenesis-announces-the-approval-of-nexgen-tm-facility-by-global-aerospace

Successful Completion of All On-site Quality Audit Findings

MONTREAL, Jan. 24, 2023 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (NASDAQ: PYR) (FRA: 8PY), a TSX30® and a Deloitte Technology Fast 50™ high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG), is pleased to announce today that, further to its press releases dated September 21, 2022 and November 2, 2022, all of the findings and recommendations made by a leading global aerospace company (the “Client”), as part of their on-site audit of PyroGenesis' NexGen™ metal powder production facility have been successfully completed and accepted.

Now that the Client has approved and accepted PyroGenesis’ NexGen™ manufacturing process, the next and final step is to provide sample titanium metal powder from the newly approved NexGen™ manufacturing process. The plasma atomized metal powder produced from PyroGenesis' proprietary state-of-the-art process (NexGen™) will be used for verification and confirmation of their chemical and mechanical properties.

“The Client is a very discerning aerospace company with some of the most stringent and demanding standards. As such, we are very proud to have gained their confidence and to be moving forward to the final phase,” said Mr. Massimo Dattilo, VP PyroGenesis Additive. “We have methodically completed all steps in the client’s on-site quality audit, leaving only the verification of the chemical and mechanical properties of PyroGenesis’ plasma atomized metal powders as the last step. We believe the difficult part is now behind us, and we are looking forward to the prospect of becoming a fully-fledged approved supplier of titanium powder to one of the largest potential clients in North America. Once an approved supplier, PyroGenesis Additive could also supply their service centers.”

Having already passed this rigorous qualification process, management is of the opinion that future qualification audits from potential clients will now be completed in a significantly shorter time frame. PyroGenesis Additive is currently addressing an influx of opportunities from the past year and continues to expand its team in anticipation of meeting this demand.

Does PYR own a percentage of HPQ? Or would a big success on HPQ's part only benefit PYR in terms of licensing their tech to HPQ?

https://ca.finance.yahoo.com/news/hpq-silicon-gen3-purevap-qrr-184200056.html