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PyroGenesis Canada to supply plasma torch for $1.8M with major iron ore producer

Published: 14:36 25 Nov 2020 EST

PyroGenesis Canada Inc (CVE:PYR) (OTCQB:PYRNF) (FRA:8PY) CEO Peter Pascali tells Proactive the group has signed an initial contract to provide a high-powered, one-megawatt plasma torch with accessories to a major iron ore producer for around $1.8 million.

Pascali says the Montreal-based high-tech company, who recently up-listed to the Toronto Stock Exchange, is already discussing the next phase with this particular client, including potentially pricing in additional benefits to the product.

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