PyroGenesis Canada Inc. (TSX: PYR) announced on Thursday the receipt and completion of a recent commercial order for titanium powders. The said production batch size is around 100 kilograms.
The commercial order is part of the firm’s mutually exclusive partnership agreement with metallurgical firm Aubert & Duval, which aims to supply plasma atomized titanium powder to the European additive manufacturing market.
“We are thrilled to be fulfilling this commercial order, especially given the fact that it came via our partner Aubert & Duval.” said VP for PyroGenesis Additive, Massimo Dattilo.
Sponsored · Antimony Resources
“We are making larger commercial batches now, not just sample batches, and additional batches are underway. For comparison, previous sample batches were a couple of hundred grams, whereas this production batch is 100kg. It’s an exciting time,” he added.
This particular batch order was produced at the firm’s Montreal facility. It was also said to have used the proprietary NexGen plasma atomization system.
In April 2022, the company reported its full-year 2021 financials, ending the year with $31.1 million in revenue and $38.4 million net loss.
PyroGenesis Canada last traded at $2.42 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
