Tuesday, September 14, 2021 3:46:48 PM
PyroGenesis Canada announces $6 mln torch order with another iron ore pelletizer; Increases its NPV estimate per torch to $7 mln
2:54 PM ET, 09/14/2021 - Briefing.com
The co received an order to supply four (4) high powered plasma torches together with ancillary equipment to a client ("Client B"), for approximately $6 mln. Client B has advised PyroGenesis that, upon the successful implementation of the torches announced today, the subsequent orders are expected to be for approximately 130 plasma torches. Notwithstanding this, there is no guarantee that such orders will be placed. The schedule to implement these future orders remains to be determined.
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