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PyroGenesis Canada strengthens revenue numbers with additional C$457K payment from tunneling client

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) CEO Peter Pascali tells Proactive the company has received an additional payment of roughly C$457,000 from its client, a US tunneling company, as part of a previously announced agreement to purchase plasma torches.

Pascali says the agreement will see PyroGenesis develop and supply high-powered plasma torches designed specifically for tunneling applications.

Quick facts: PyroGenesis Canada Inc.

Price: 4.03 CAD

TSX-V:PYR
Market: TSX-V
Market Cap: $601.06 m
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PyroGenesis Canada increases backlog to $40M with new $11.5M US Navy...

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) CEO Peter Pascali tells Proactive the group has won a $11.5 million contract with the US Navy, increasing its contract backlog to $40M. Pascali says the company said it will provide its waste destruction technology for two systems -- one for each...

1 week, 4 days ago

2 min read