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PyroGenesis Canada Inc. (TSX: PYR, OTCQB: PYRNF) announced the appointment of Mr. Ben Naccarato as an independent director. Naccarato, CPA, CMA, brings over 30 years of experience in senior financial roles within the environmental services sector. His expertise includes financial management in publicly traded companies, enhancing the Board's capabilities during this growth phase. Additionally, the company has secured a lease for 31,632 sq. ft. to nearly double its manufacturing space in Montreal, Canada, a move aimed at supporting its expansion strategy.
PyroGenesis Canada Inc. (TSX: PYR, OTCQB: PYRNF) recently addressed a stock price decline, assuring investors that all projects, including a NASDAQ listing, remain on track. CEO P. Peter Pascali confirmed that there are no undisclosed events leading to the price drop, emphasizing that all material information is publicly available. The company boasts a strong position characterized by a historical backlog, a growing project pipeline, and over $27.5 million in cash. PyroGenesis is engaged in advanced plasma processes and maintains competitive advantages in various industries.
PyroGenesis Canada Inc. (PYRNF) announced that CEO P. Peter Pascali will present at the 7th Annual Gabelli & Company Waste Services Symposium on March 18, 2021, at 1:45 PM ET. This invitation reflects the company's commitment to environmental services and its leadership in advanced plasma processes. Pascali expressed his honor in presenting to both existing and prospective investors, highlighting the significance of the event for the industry. Interested participants can register through the provided link.
PyroGenesis Canada Inc. announced updates regarding its NASDAQ Stock Exchange listing application. The SEC has approved the company’s shares for listing, with only the notification of the intended listing date pending. PyroGenesis is working towards achieving DTC eligibility to enhance share liquidity. The company aims to finalize NASDAQ listing in Q1 2021, maintaining its TSX listing under ticker symbol PYR. CEO P. Peter Pascali emphasized the expected increased visibility and awareness post-listing.
PyroGenesis Canada Inc. (TSX-V: PYR, OTCQB: PYRNF) has applied for a listing on the Toronto Stock Exchange (TSX) as a technology company. The application is subject to TSX approval, which requires the company to have a minimum of $10 million raised through qualified security issuances. Currently, PyroGenesis does not meet this financial requirement, making the outcome uncertain. CEO P. Peter Pascali noted the Board's intention for an up-listing, while highlighting that market conditions will influence their decision moving forward.
PyroGenesis Canada has received a $4.8 million down payment under an $11.5 million contract to supply waste destruction systems for the US Navy's aircraft carriers, USS Enterprise and USS Doris Miller. The systems are set for construction over the next 18 months. Additionally, the company anticipates an incoming payment of $2.65 million from Drosrite International. This contract highlights PyroGenesis's ongoing involvement in advanced plasma applications for defense and environmental sectors.