PyroGenesis announces final signature towards $20M contract with $6.4M payment expected

PyroGenesis Canada Inc. has announced that further to its press releases dated April 29th, 2019 and June 3rd, 2019, the business line behind the $20 million contract, plus subsequent years revenues, is DROSRITETM, and the client is Drosrite International LLC (DI). This contract meets PyroGenesis’ gross margin requirements. DI announced that its client has received the final signature for aluminium dross processing services using DROSRITETM systems, which in turn triggers an exclusive arrangement between DI and PyroGenesis. DI is a US based private company duly constituted and existing under the laws of the State of Delaware, providing state-of-the-art waste management…