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PyroGenesis Canada Inc
Symbol PYR
Shares Issued 170,419,455
Close 2021-11-17 C$ 4.69
Recent Sedar Documents

PyroGenesis not worried about recent trading activity

2021-11-18 09:16 ET - News Release

Ms. Rodayna Kafal reports

PYROGENESIS COMMENTS ON RECENT TRADING ACTIVITY

PyroGenesis Canada Inc. is issuing this press release in response to an inordinate number of investor inquiries relating to recent trading activity.

The company prefers not to opine on stock price and trading activity; however, given the recent inquiries from investors, the company confirms that everything material has been disclosed by the company in either its press releases or financial reports. PyroGenesis further confirms that none of the contracts previously disclosed are at risk. Last, but not least, the company wishes to reassure PyroGenesis's investors that the company remains on track with current and prospective projects.

Furthermore, the company believes that the market price of the company's common shares may not, from time to time, reflect the underlying value of the company, particularly its growth opportunities. Accordingly, the company is starting to purchase common shares under the existing normal course issuer bid (NCIB) and will report such purchases as required by regulators. The company will not be obliged to provide further updates with respect to its continuation, or otherwise, under the NCIB. The company believes that the proposed purchasing of its common shares is in the best interests of the company and represents an appropriate use of corporate funds.

About PyroGenesis Canada Inc.

PyroGenesis Canada, a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases, 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-square-metre and 2,940-square-metre manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO (International Organization for Standardization) 9001:2015 and AS9100D certified, having been ISO certified since 1997.

We seek Safe Harbor.

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