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AGORACOM Small Cap 60: “One of The Most Exciting Press Releases I’ve Written In The Past 10 Years” Peter Pascali, CEO and Chair of PyroGenesis $ $RTN $NOC $UTX $ $

Posted by AGORACOM-JC at 2:25 PM on Wednesday, December 2nd, 2020

PyroGenesis Canada Inc. (TSX: PYR) (OTCQB: PYRNF) (FRA: 8PY)  signed an initial plasma torch contract to provide one high powered (approx. 1MW) plasma torch with ancillary equipment, with Client A, a major iron ore producer, for approx. $1.8MM. This does not include continued after-sale services, which was not the subject of these initial negotiations.  

It is expected that future sales with this Client will include a separate continued after-sale services agreement. The Client is a multi-billion-dollar international producer of iron ore pellets, one of the largest in the industry, whose name will remain confidential for competitive reasons. The Client, which has committed to reduce its greenhouse gas emissions, has over ten plants, each possibly requiring up to 50 plasma torches. Read Release.

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