PyroGenesis Canada (TSE:PYR) has released an update.
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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.
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