PyroGenesis Canada (TSE:PYR) has released an update.
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PyroGenesis Canada Inc. has announced the complete acquisition of Drosrite International, a previously semi-independent US subsidiary, for a token amount of CAD$1.00, solidifying its control over Drosrite’s metal recovery systems and technologies. This strategic move is aimed at resolving previous ambiguities between the two entities and is set to bolster PyroGenesis’ international strategy by expanding its operations through its new wholly-owned US subsidiary. The acquisition enhances PyroGenesis’ solutions ecosystem, which focuses on commodity security and optimization in global heavy industry.
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