23:15:43 EDT Tue 04 Oct 2022
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PyroGenesis Canada Inc
Symbol PYR
Shares Issued 170,125,795
Close 2022-04-22 C$ 2.43
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PyroGenesis's Drosrite passes site acceptance testing

2022-04-25 10:02 ET - News Release

Mr. P. Peter Pascali reports


Further to Drosrite International LLC's press release earlier today, PyroGenesis Canada Inc.'s Drosrite dross recovery technology has been successfully commissioned at Ma'aden Aluminum, a joint venture with Alcoa and one of the world's largest primary aluminum producers with 2021 revenue in excess of $7-billion (U.S.).

All Drosrite systems supplied by Drosrite International are manufactured in the United States.

"Today's results are indeed, as stated by Drosrite International, a significant achievement as they validate the Drosrite technology on a massive scale with a major primary aluminum producer," said P. Peter Pascali, chief executive officer and president of PyroGenesis.

The successful milestone announced today by Drosrite International involves an initial order for seven Drosrite systems, the first three of which have passed site acceptance testing and have been fully commissioned, with the remaining four already manufactured and awaiting final shipment at the end-user's request.

The next major milestone is the delivery of the next four systems to the same smelter.

"The fact that we have a salt-free dross recovery system in use for the first time at a primary aluminum producer further validates our Drosrite technology and opens the door for further expansion," added Mr. Pascali. "In fact, we are gaining significant attention within the industry and we are receiving additional inquiries from other primary aluminum producers in the Gulf region as a result of this achievement."

"In this challenging time when macroeconomic, geopolitical, energy and supply chain factors have intensified the already-tight market for aluminum, it has become even more important for primary aluminum producers to find technologies that can help maximize their production efficiencies," continued Mr. Pascali. "With PyroGenesis's Drosrite metal recovery solutions, an in-stream, on-site benefit is achieved and valuable aluminum is recovered and returned to the process directly at the source."

In addition, as a result of the commissioning of these three systems, the company reports that dross residues are now being generated, which, as the company previously identified in a press release dated Sept. 27, 2021, have the potential to be processed and converted into high-margin chemical and metallurgical products in the future.

About PyroGenesis Canada Inc.

PyroGenesis, a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions that reduce greenhouse gases (GHGs) 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 (International Organization for Standardization) certified since 1997.

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