PyroGenesis Canada (TSE:PYR) has released an update.
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PyroGenesis Canada Inc. has received a $4.1 million CAD payment as part of its over $25 million contract for the Drosrite™ aluminum dross recovery systems. The payment is in line with a revised schedule accommodating the end-client’s cash flow needs, with four remaining systems set to be delivered to Saudi Arabia. The company’s Drosrite™ systems support the Commodity Security and Optimization tier of its solution ecosystem, focusing on maximizing raw material use and securing critical minerals.
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