PyroGenesis Canada (TSE:PYR) has released an update.
PyroGenesis Canada Inc. congratulates its client EarthGrid on forming a joint venture with EnerTech, backed by the Kuwait Investment Authority, to initiate $18 billion in plasma-powered tunnel boring projects across the US, Europe, and the Middle East. The company also disclosed a previous $667,000 down payment from EarthGrid related to a $13 million agreement for plasma torch systems, marking an important step in EarthGrid’s use of plasma technology in infrastructure development.
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