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This company uses extremely high temperature plasma torches. They take titanium, put it through a process and produce an extremely fine powder. That has applications in both conventional 3-D printing and the new move towards almost injected 3-D printing. The process they released in the last 3 months will optimize the advantages. If this unfolds as expected, this should do quite well.
About 7-10 years ago, they put an aluminum rod through extremely high temperature plasma torches, and produced extremely precise balls of titanium. Titanium is used on top of stainless steel for artificial hips and knees as bone doesn’t easily latch onto stainless steel. They’ve now built their first machine and are going into commercial production. There is also a potential shift to using titanium in 3-D printing. The company is still waiting for some contracts.
In the past, they made extremely small titanium balls which were used to adhere to stainless steel hips, knees and joints. Instead of ordering the devices, they have decided to make the devices themselves. They have 2 markets. Titanium and Inconel and a bunch of other alloys create extremely high temperatures nickel-based products. If this unfolds as he expects, the stock could be $1 by the end of the year.
Uses plasma torches at extremely high temperatures operating in a vacuum. They can use this to burn up bad chemicals as well as being able to reclaim a lot of aluminum from dross. They are doing a ton of work on the military side, including a process to burn up stuff on US aircraft carriers. They are talking of being able to take low grade quartz and using their process to create high grade silicon as a basis for creating solar cells. Current methodology is expensive and has to use a higher grade of silicon. There are lots of interesting opportunities for them. The stock moves around significantly in price, but he would say that in 3 years you will do okay.
PyroGenesis Canada Inc is a Canadian stock, trading under the symbol PYR-T on the Toronto Stock Exchange (PYR-CT). It is usually referred to as TSX:PYR or PYR-T
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On 2024-12-04, PyroGenesis Canada Inc (PYR-T) stock closed at a price of $0.62.