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An update from PyroGenesis Canada ( (TSE:PYR) ) is now available.
PyroGenesis received a US$1.28 million payment from Radian Oil and Gas Services Company under an existing CA$25+ million Drosrite™ contract. This payment marks a step in aligning with the cash flow needs of the client, enhancing trust and expanding PyroGenesis’ market presence in the well-funded Saudi region. Three Drosrite™ aluminum dross recovery systems are operational at the Ma’aden aluminum plant, a joint venture with Alcoa, while the remaining four systems are being delivered.
More about PyroGenesis Canada
PyroGenesis Inc. is a high-tech company specializing in the design, development, manufacturing, and commercialization of advanced plasma processes and sustainable solutions aimed at reducing greenhouse gases and environmental pollutants.
YTD Price Performance: -3.28%
Average Trading Volume: 70,052
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$108.6M
Learn more about PYR stock on TipRanks’ Stock Analysis page.
