PyroGenesis Canada (TSE:PYR) has released an update.
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PyroGenesis Canada has entered an agreement with HPQ Silicon Inc. to convert a $4.9 million debt into equity, acquiring nearly 18 million units consisting of shares and warrants. This strategic move not only resolves financial liabilities but also strengthens PyroGenesis’ collaboration with HPQ on innovative projects like the Fumed Silica Reactor, which aims to revolutionize the production of fumed silica.
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