Pyrogenesis DD for the next environmentally friendly silicon giant in Canada.
If you don’t know what Pyrogenesis does: PYR designs, develops, and manufactures advanced plasma processes and systems in Canada. They have a sustainable process for enhancing metal recovery in the metallurgical industry; plasma atomized metal powders; PUREVAP, a process to produce high purity metallurgical grade silicon and solar grade silicon from quartz. They have processes to form nanopowders and nanowires specifically for lithium batteries. PyroGenesis received a $700,000 grant from Sustainable Development Technology Canada for a novel production process to transform quartz into fumed silica using a plasma reactor, thereby reducing hazardous waste and greenhouse gas emissions in comparison to the established fumed silica production process. This month alone they have received a request for a cost estimate for thirty-six plasma torches from a major iron ore producer as well as a Letter of Intent from to purchase three 10-ton DROSRITE systems. The contract, if finalized, is expected to be in the range of $10-15 Million. Most importantly they have confirmed that the GEN3 PUREVAPTM Quartz Reduction Reactors pilot plant project is now transitioning from the assembly phase to the commissioning and testing phases for Q4 2021. This could be their largest project yet creating ONE STEP transformation of quartz to high purity silicon metal at vastly cheaper costs, energy input and most importantly carbon footprint. Insiders own close to 47% of the float leaving just about 70 million shares afloat. PYR is new and innovative in their sector developing energy and cost saving techniques while also formulating sustainable industrial practices, which is why I think they could take a huge lead in their sector. It blew past $9 back in February when the market was moving in a good direction and plummeted to $4. With such great news coming out this month for PYR I can see a quick return to where they were heading back in February. They currently don’t offer option trading but that come soon I believe. I’m currently sitting on 500 shares
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June 11, 2021 at 10:30AM