PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX: PYR) (OTCQX:
PYRGF) (FRA: 8PY), a high-tech company (“PyroGenesis”) that
designs, develops, manufactures and commercializes advanced plasma
processes and sustainable solutions which are geared to reduce
greenhouse gases (GHG) and address environmental pollutants, today
announces that it will host a conference call at 12:00 PM Eastern
Time on Thursday November 7, 2024, to discuss the Company’s
financial results for the third quarter 2024 which ended September
30, 2024, as well as provide an update to the Company’s progress
and other developments.
To access the conference call by telephone,
please pre-register using the following link:
https://register.vevent.com/register/BI6e80564c155242f58fa03b329ce1f4f8.
Registrants will receive confirmation with dial-in details.
A live webcast of the conference call can be
accessed at the following links: English users:
https://edge.media-server.com/mmc/p/644ikxxb French users:
https://edge.media-server.com/mmc/p/644ikxxb/lan/fr
The webcast will also be available on the
Investor Relations section of the Company’s web site in the days
following the conference call.
Update on Recent Warrant
Repricing
On July 3, 2024, PyroGenesis announced a
repricing of up to 4,107,850 existing common share purchase
warrants (the “Warrants”), wherein the exercise price of those
Warrants was reduced to $0.75 per share.
Of the Warrants eligible to be repriced, (i)
697,500 Warrants expired on October 19, 2024, (ii) 2,380,350
Warrants expire on March 7, 2025, and (iii) 1,030,000 Warrants
expire on July 21, 2025.
As of the date of this press release, 1,457,500
of those 4,107,850 Warrants have been exercised, for total proceeds
to the Company of $1,093,125.
As a result of the exercising, the outstanding
balance for this group of Warrants has decreased to 2,390,350,
consisting of 1,710,350 set to expire March 7, 2025, and 680,000
set to expire July 21, 2025.
About PyroGenesis Canada
Inc.
PyroGenesis, a high-tech company, is a proud
leader in the design, development, manufacture and
commercialization of advanced plasma processes and sustainable
solutions which reduce greenhouse gases (GHG) and are economically
attractive alternatives to conventional “dirty” processes.
PyroGenesis has created proprietary, patented and advanced plasma
technologies that are being vetted and adopted by multiple
multibillion dollar industry leaders in four massive markets: iron
ore pelletization, aluminum, waste management, and additive
manufacturing. With a team of experienced engineers, scientists and
technicians working out of its Montreal office, and its 3,800 m2
and 2,940 m2 manufacturing facilities, PyroGenesis maintains its
competitive advantage by remaining at the forefront of technology
development and commercialization. The operations are ISO 9001:2015
and AS9100D certified, having been ISO certified since 1997.
PyroGenesis’ shares are publicly traded on the TSX in Canada (TSX:
PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock
Exchange in Germany (FRA: 8PY). For more information, please visit:
www.pyrogenesis.com.
Cautionary and Forward-Looking
Statements
This press release contains “forward-looking
information” and “forward-looking statements” (collectively,
“forward-looking statements”) within the meaning of applicable
securities laws. In some cases, but not necessarily in all cases,
forward-looking statements can be identified by the use of
forward-looking terminology such as “plans”, “targets”, “expects”
or “does not expect”, “is expected”, “an opportunity exists”, “is
positioned”, “estimates”, “intends”, “assumes”, “anticipates” or
“does not anticipate” or “believes”, or variations of such words
and phrases or state that certain actions, events or results “may”,
“could”, “would”, “might”, “will” or “will be taken”, “occur” or
“be achieved”. In addition, any statements that refer to
expectations, projections or other characterizations of future
events or circumstances contain forward-looking statements.
Forward-looking statements are not historical facts, nor guarantees
or assurances of future performance but instead represent
management’s current beliefs, expectations, estimates and
projections regarding future events and operating performance.
Forward-looking statements are necessarily based
on a number of opinions, assumptions and estimates that, while
considered reasonable by PyroGenesis as of the date of this
release, are subject to inherent uncertainties, risks and changes
in circumstances that may differ materially from those contemplated
by the forward-looking statements. Important factors that could
cause actual results to differ, possibly materially, from those
indicated by the forward-looking statements include, but are not
limited to, the risk factors identified under “Risk Factors” in
PyroGenesis’ latest annual information form, and in other periodic
filings that it has made and may make in the future with the
securities commissions or similar regulatory authorities, all of
which are available under PyroGenesis’ profile on SEDAR+ at
www.sedarplus.ca. These factors are not intended to represent a
complete list of the factors that could affect PyroGenesis.
However, such risk factors should be considered carefully. There
can be no assurance that such estimates and assumptions will prove
to be correct. You should not place undue reliance on
forward-looking statements, which speak only as of the date of this
release. PyroGenesis undertakes no obligation to publicly update or
revise any forward-looking statement, except as required by
applicable securities laws.
Neither the Toronto Stock Exchange, its
Regulation Services Provider (as that term is defined in the
policies of the Toronto Stock Exchange) nor the OTCQX Best Market
accepts responsibility for the adequacy or accuracy of this press
release.
For further information please contact: Rodayna
Kafal, Vice President, IR/Comms. and Strategic BD E-mail:
ir@pyrogenesis.com
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