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PyroGenesis Canada Inc
Symbol PYR
Shares Issued 170,140,795
Close 2022-01-26 C$ 2.71
Recent Sedar Documents

PyroGenesis reassures investors on stock price decline

2022-01-27 13:37 ET - News Release

Mr. Peter Pascali reports

PYROGENESIS COMMENTS ON TODAY'S TRADING ACTIVITY; ALL PROJECTS ON TRACK

PyroGenesis Canada Inc. has issued this press release in response to today's trading activity, and the sudden decline in its stock price. The company wishes to reassure investors that all projects are all on track and that there are no undisclosed events to warrant the recent decline.

The company prefers not to opine on stock price and trading activity, however, given the recent decline, and inquiries from investors, the company confirms the following:

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.

"We just want to take the time to reassure investors that the recent decline in stock price cannot be explained by any undisclosed events taking place within the company," said P. Peter Pascali, chief executive officer and chair of PyroGenesis. "The board is of the opinion that the company continues to strengthen its position and has never been better placed."

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 (GHG) 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 9001:2015 and AS9100D certified, having been ISO certified since 1997.

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