PyroGenesis Canada (TSE:PYR) has released an update.
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PyroGenesis Canada Inc. has announced that its partner, HPQ Silica Polvere Inc., has signed a letter of intent with Evonik Corporation, signaling a potential future partnership and advancing the Fumed Silica Reactor (FSR) project. The FSR aims to produce fumed silica in an environmentally friendly process, potentially transforming silica production in North America. PyroGenesis is also planning to convert its royalty rights into a 50% ownership stake in HPQ Polvere.
For further insights into TSE:PYR stock, check out TipRanks’ Stock Analysis page.
