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PyroGenesis Canada signs 5 tonne order for titanium metal powders

Industrial, Market News, Technology
TSX:PYR
30 May 2023 08:19 (EDT)
PyroGenesis - Shot of PyroGenesis' titanium powder for additive manufacturing.

Source: PyroGenesis Canada.

PyroGenesis Canada has received an order for 5 metric tonnes of its plasma-atomized titanium metal powders for 3D printing.

The company has received a down payment for the order, which represents its first “by-the-tonne” commercial order for the powders using its NexGen plasma atomization process.

The client, an advanced materials company in the United States, has placed a provisional order for a further 6 tonnes contingent on market demand.

Shipping is expected in Q2 and Q3 2023.

PyroGenesis’ development of high-quality titanium metal powders is part of its three-tiered solution ecosystem aligning with key economic drivers to global heavy industry. The Canadian government has identified titanium as a critical mineral.

PyroGenesis designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases.

PyroGenesis Canada stock (TSX:PYR) last traded at $0.92 per share.

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