PyroGenesis Canada (TSE:PYR) has released an update.
Don't Miss our Black Friday Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
PyroGenesis Canada Inc. has announced the receipt of a CAD$4.1 million payment as part of a larger CAD$25 million contract with Drosrite International LLC for advanced aluminum dross recovery systems. The payment is part of a series of installments, with the company expecting further payments totaling approximately CAD$6.2 million, which will lead to the shipment of the remaining manufactured systems currently in storage. The systems are anticipated to be operational by the end of the year, contributing to the company’s revenue.
For further insights into TSE:PYR stock, check out TipRanks’ Stock Analysis page.
