Pyrogenesis Stock Price, News & Analysis

PyroGenesis, a company specializing in advanced all-electric plasma processes and sustainable solutions, announced modifications to 1,581,250 common share purchase warrants. The warrants, currently set to expire on July 22, 2025, with an exercise price of $1.20, will have their expiration date extended to November 18, 2025, for participating holders. The extension will commence on June 25, 2025. The amendment includes updates to reflect PyroGenesis' corporate name and address changes. The Toronto Stock Exchange has approved these modifications, subject to standard conditions. The company plans to use proceeds from warrant exercises for general corporate purposes. No company insiders hold the warrants subject to amendment.

PyroGenesis (PYRGF) has achieved a significant milestone by receiving approved supplier status from Boeing for its NexGen™ titanium metal powder production. The company's Ti64 "coarse" metal powder, with particle sizes ranging from 53-150µm, has been qualified and added to Boeing's list of approved metal powders for additive manufacturing.

As the inventor of plasma atomization technology, PyroGenesis' NexGen™ system represents a patented upgrade to the industry's gold standard process for metal powder development in 3D printing. This qualification aligns with the company's Commodity Security & Optimization vertical, focusing on advanced material production and critical minerals recovery, with titanium being identified as a critical mineral by the Canadian government.

PyroGenesis (PYRGF) has received multiple accelerated requests for fumed silica powder samples from potential clients through HPQ Silica Polvere Inc. The company will ship these samples within 10 days for independent assessment. These requests came after recent announcements about successful material collection and third-party analysis results of PyroGenesis' plasma-based fumed silica production process.

Fumed silica, a widely used industrial material, is found in numerous everyday products including personal care items, pharmaceuticals, food products, and construction materials. PyroGenesis' innovative process aims to provide a sustainable alternative in the global fumed silica market, aligning with the company's commitment to sustainability and responsible manufacturing. This development is part of PyroGenesis' Commodity Security & Optimization vertical, one of its three-vertical solution ecosystem.

PyroGenesis (PYRGF) has achieved a significant milestone in its Fumed Silica Reactor (FSR) development project with HPQ Silicon. Independent analysis confirms successful production of fumed silica at pilot scale, with yields exceeding expectations. The produced material shows characteristics comparable to commercial-grade fumed silica, specifically aligning with Evonik Corporation's mid to high surface area products (150-200 m²/g). The pilot plant will now focus on enhancing product purity and achieving the production target of 50 tonnes per year. The project includes optimization phases for improving process control, increasing silica conversion efficiency, and enhancing product surface areas. Fumed silica is widely used in various industries, from personal care and pharmaceuticals to construction materials and batteries.

PyroGenesis (PYRGF) has announced a significant milestone in the development of its Fumed Silica Reactor (FSR) pilot plant. The company has successfully collected material, presumed to be fumed silica, from the system's baghouse during the latest phase of testing. The collected material has been sent to a 3rd party laboratory for analysis, with results expected in the coming days.

This development is part of PyroGenesis' work with HPQ Silicon Inc.'s subsidiary, HPQ Silica Polvere Inc. The project has progressed from successful lab-scale tests to pilot plant scale, focusing on validating equipment scale-up and replicating lab-scale product quality. If confirmed by lab analysis, this achievement would validate the process's ability to produce and collect material within the system's baghouse.

Fumed silica is a widely used industrial material found in numerous products, including cosmetics, pharmaceuticals, food products, construction materials, and batteries, primarily serving as a thickening/anti-caking agent.

PyroGenesis (PYRGF) reported Q1 2025 financial results with revenue of $3 million, down 14% from Q1 2024. The company posted a net loss of $4.26 million but showed improved gross margins of 27%, up 5.3 points year-over-year. The company maintains a strong backlog of $52 million in signed/awarded contracts, with 88% in USD. Key developments include a $5.75 million private placement loan from CEO P. Peter Pascali, new contracts in waste-to-energy projects worth $2.5 million, and a $2.4 million contract with Norsk Hydro for plasma torches. Notable achievements include successful production of fumed silica materials, progress in Boeing's titanium powder certification, and a strategic MOU with GE Vernova for industrial electrification solutions. The company continues its cost optimization program, targeting additional $3-5 million in recurring savings for 2025.

PyroGenesis (PYRGF) provides an update on their innovative Fumed Silica Reactor project, developed for HPQ Silica Polvere. The company is developing an all-electric plasma process to produce fumed silica, a widely used industrial material found in thousands of everyday products. Their new method aims to revolutionize traditional production by: 1) Reducing energy consumption from 100-120 kWh/kg to just 8-12 kWh/kg 2) Enabling direct processing from quartz in a single location 3) Eliminating toxic chemicals and hazardous byproducts The project is currently in the critical pilot plant testing phase, focusing on validating equipment scale-up and product quality. PyroGenesis holds a 50% interest in Polvere, exclusive equipment supplier rights, a 10% royalty on certain HPQ revenues, and owns HPQ shares and warrants. Evonik, a global specialty chemicals leader, has signed a letter of intent for future collaboration.

PyroGenesis (PYRGF) has successfully secured the first tranche of $2,385,000 from a previously announced non-brokered loan with CEO P. Peter Pascali. The company may receive up to an additional $3,365,000 in subsequent tranches by June 16, 2025, potentially totaling $5,750,000. As part of this transaction, PyroGenesis issued 5,207,423 warrants to Pascali, each allowing the purchase of one common share at $0.458 per share over a four-year period. The funds will be used for working capital and general corporate purposes. PyroGenesis specializes in developing advanced all-electric plasma processes and sustainable solutions for heavy industry's energy transition and emission reduction efforts.

PyroGenesis (PYRGF) has scheduled its Q1 2025 financial results conference call for May 14th, 2025 at 10:00 AM Eastern Time. The company, which specializes in advanced all-electric plasma processes and sustainable solutions for heavy industry, will discuss its financial performance for the quarter ended March 31, 2025, and provide updates on company progress and developments.

Participants can pre-register for the conference call through a provided link, and a live webcast will be available in both English and French. The webcast recording will be accessible on the company's Investor Relations website after the event.