Category: Canada

PyroGenesis Signs $2.5 Million Contract with Global Environmental Services Company

Written by GlobeNewswire on . Posted in Canada. Leave a Comment

GlobeNewswire

Published Jan 27, 2025  •  5 minute read

Advanced technology for efficient waste gas emission abatement in biogas, landfill gas, and industrial processing plants.
Advanced technology for efficient waste gas emission abatement in biogas, landfill gas, and industrial processing plants. GNW

First payment of $400,000 received

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MONTREAL, Jan. 27, 2025 (GLOBE NEWSWIRE) — PyroGenesis Inc. (“PyroGenesis”) (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, announces that its subsidiary, Pyro Green-Gas Inc. (“Pyro Green-Gas”), has signed a contract totaling US$1.74 million (approx. CA$2.5 million) with one of the world’s largest integrated environmental services companies as part of a large urban waste-to-energy project. An initial payment of CA$400,000 has been received. The multi-national, multi-billion-dollar revenue client provides services to public utilities in dozens of countries worldwide. The client’s name is being withheld for competitive and confidentiality reasons.

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The contract is for the engineering, design, and delivery of components related to gas “flaring”, that provides for the safe and environmentally friendly removal of peripheral emissions considered unworthy of processing during the production of renewable natural gas (“RNG”). The technology will be installed at a large US-based organic waste-to-RNG facility, which was built to produce pipeline-quality natural gas that can be added to the natural gas supply for a major U.S. metropolitan area.

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Figure 1 – Advanced technology for efficient waste gas emission abatement in biogas, landfill gas, and industrial processing plants.

“This announcement highlights our continued commitment to providing sustainable technology solutions that contribute to the expansion of the energy grid, while also improving the environment by controlling and eliminating hazardous air pollutants,” noted P. Peter Pascali, President and CEO of PyroGenesis. “Our engineering skills and technologies are crucial to projects like this, where transforming organic waste to energy helps (i) introduce more capacity to the grid, (ii) reduce landfills, and (iii) solve the energy transition challenges facing large urban areas. We are excited to kick off this initial project with this internationally respected world-class customer, and we look forward to developing this partnership to drive innovation and address the pressing energy and environmental challenges of our times.”

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It is expected that this contract will be completed in 2025.

Pyro Green-Gas’ development of various technologies for use in gas flaring and renewable natural gas production are part of the Company’s three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. Flaring technologies are part of the Company’s Energy Transition & Emissions Reduction tier, where gas purification, separation and conversion technologies, and fuel switching utilize the Company’s electric-powered plasma torches, helps heavy industry reduce greenhouse gas emissions and fossil fuel use. The other tiers are Waste Remediation, and Commodity Security and Optimization.

About Pyro Green-Gas Inc.

Pyro Green-Gas Inc. offers technologies, equipment, and expertise in the area of biogas upgrading, as well as air pollution controls. Pyro Green-Gas designs and builds: (i) gas upgrading systems to convert biogas to renewable natural gas (“RNG”); (ii) pyrolysis-gas purification; (iii) biogas & landfill-gas flares and thermal oxidizers; and (iv) purification of coke-oven gas (“COG”) (a by-product in the primary steel industry arising from the conversion of coal into coke) into high purity hydrogen, which is in high demand across the industry. Pyro Green-Gas is also known for its line of landfill gas flares which reduce greenhouse gas emissions from landfills.

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About PyroGenesis Inc.

PyroGenesis, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) 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 m2 and 2,940 m2 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 certified since 1997. PyroGenesis’ shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY).

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Cautionary and Forward-Looking Statements

This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.

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Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in PyroGenesis’ latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis’ profile on SEDAR+ at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws.

Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release.

For further information please contact:
Rodayna Kafal, Vice President, IR/Comms. and Strategic BD
E-mail: ir@pyrogenesis.com

http://www.pyrogenesis.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d8819022-5013-44c2-994e-784b1662a8b3


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RESCI Empowers Investors with Innovative Property Investment Strategies

Written by JACO ROETS on . Posted in Canada. Leave a Comment


RESCI Empowers Investors with Innovative Property Investment Strategies – Toronto Stock Exchange News Today – EIN Presswire

























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Orezone Intercepts High-Grade Mineralization Below North Zone Life of Mine Pits Including 2.55 G/T Gold Over 23.00m and 1.14 G/T Gold Over 29.50m

Written by TSX Stocks on . Posted in Canada. Leave a Comment


Orezone Intercepts High-Grade Mineralization Below North Zone Life of Mine Pits Including 2.55 G/T Gold Over 23.00m and 1.14 G/T Gold Over 29.50m – Toronto Stock Exchange News Today – EIN Presswire


















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Untangling a taxing dividend reinvestment plan dilemma

Written by John Heinzl on . Posted in Canada. Leave a Comment

I sold my Telus Corp. shares from a non-registered account in mid-December for proceeds of about $50,000, realizing a loss of $5,000. My goal was to use the capital loss for tax purposes, which meant I had wait 30 days before repurchasing Telus shares to avoid a superficial loss. However, I made an error by not discontinuing the dividend reinvestment plan. As a result, a couple of weeks later, the dividend was paid out and I acquired about $1,000 worth of new Telus shares with the cash. What does this do to any capital loss I can claim with the Canada Revenue Agency?

This is more of an inconvenience than anything, as I’ll explain, but it does illustrate one of the drawbacks of a dividend reinvestment plan. If you’re planning to sell a stock, it’s always preferable to discontinue the DRIP in advance so you don’t end up with a small number of residual shares.

The good news is that you’ll still be able to claim most of the loss for tax purposes.

I’ll keep the following explanation as simple as possible by using some nice, round numbers that mirror your situation. I’ll also ignore trading commissions.

To start, let’s assume you originally purchased 2,500 Telus T-T shares at $22 each, for a total cost of $55,000. We’ll further assume that you sold the shares on Dec. 18 at a price of $20 each, for total proceeds of $50,000. This would result in a realized loss of $5,000.

Now, because you sold after Telus’s dividend record date of Dec. 11, you would have received roughly $1,000 of dividends on Jan. 2, which was Telus’s payment date. And because your shares were enrolled in a DRIP, the cash would have purchased about 50 Telus shares.

The CRA’s superficial-loss rules are designed to prevent people from selling a security and immediately buying it back for the sole purpose of triggering a capital loss. The rules stipulate that, to claim a loss for tax purposes, you must wait at least 30 days before repurchasing the same security. The restriction extends to your spouse or a company controlled by you or your spouse and also applies to purchases in the 30 days prior to the sale.

But, in your case, it wouldn’t be fair for the CRA to deny your entire capital loss, right? After all, you sold 2,500 shares and subsequently purchased only 50 shares.

Using the CRA’s formula, the portion of the loss that would be denied is calculated as the total loss ($5,000), multiplied by the number of shares purchased in the 30 days both before and after the sale (50), divided by the number of shares sold (2,500). That works out to a grand total of $100 that you cannot claim as a loss.

The remaining capital loss of $4,900 must be used to offset any capital gains recorded in the same year as the sale. Any capital losses left over can be carried back up to three years, or forward indefinitely, to offset capital gains in other years.

As for that $100, it’s still useful to you. You can add it to the adjusted cost of the 50 shares purchased via the DRIP, which will lower your capital gain, or increase your capital loss, when you eventually sell them.

After rising from less than $10 a share in mid-2023 to more than $32 this past October, Bird Construction Inc.’s shares have declined more than 20 per cent, despite the company’s strong project inventory, growing dividend and low payout ratio. Also, most analysts have buy recommendations on the company. In the face of all the positives, why the sudden decline in the stock price?

It’s not just Bird Construction BDT-T. Shares of fellow construction company Aecon Group Inc. ARE-T have also pulled back after a strong run. Some analysts have speculated that the pending resignation of Prime Minister Justin Trudeau could be a factor, as it may signal lower spending on infrastructure projects. But not everyone shares that view.

“We prefer to chalk up the pullback in both stocks to profit taking,” Raymond James analysts said in a note this week.

Support for infrastructure investment spans party lines, Raymond James noted. What’s more, both companies have “robust backlogs [that] should stand them in good stead through our forecast horizon” that extends until the end of 2026.

Despite the stock‘s recent pullback, Bird Construction still has a bright future, the brokerage said.

Thanks to mergers and acquisitions, “the firm is now a force in Canada’s two largest civil construction markets, Ontario and British Columbia, and well positioned to further penetrate the gargantuan airport, railway, roadway, mining and resources sectors” as well as “technically complex jobs such as data centres.”

The company left its price target unchanged at $35, which reflects an EV/EBITDA ratio (enterprise value to earnings before interest, taxes, depreciation and amortization) of 6.5 times. While that’s higher than Bird Contruction’s 10-year average EV/EBITDA of 6 times, “we argue this modest premium is justified by the unprecedented visibility that Bird’s 2025-2027 strategic plan currently offers,” the brokerage said.

Bird Construction, whose shares yield about 3.2 per cent, closed Friday at $26.13 on the Toronto Stock Exchange.

E-mail your questions to jheinzl@globeandmail.com. I’m not able to respond personally to e-mails but I choose certain questions to answer in my column.

AME Roundup 2025 Closes The Market

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1/23/2025 7:08:27 PM

(MENAFN– Newsfile Corp)
Toronto, Ontario–(Newsfile Corp. – January 23, 2025) – Keerit Jutla, President and Chief Executive Officer, Association for Mineral Exploration (“AME”), and Minister Jagrup Brar, Minister of mining and Critical Minerals, joined Andrew Creech, Managing Director, TSX Venture Exchange Listings, to close the market to celebrate AME Roundup 2025 in Vancouver, Canada. From January 20th-23rd, 2025, thousands of geologists, prospectors, financiers, investors, suppliers, governments and Indigenous partners, from around the world will connect and exchange knowledge at AME Roundup 2025.

Cannot view this video? Visit:

AME Roundup is a centre of excellence that features the latest geoscience knowledge, high-grade rock samples and mineralized drill core, with opportunities to learn and share the latest tools, technologies and techniques. The content delivered was relevant and timely, delivered by high-calibre speakers, engaging exhibitors and inspiring presenters. Hosted by explorers for explorers, AME Roundup 2025 focuses on the key issues, helps us imagine new possibilities and advance our understanding of the minerals and metals that are critical to our shared future.

MEDIA CONTACT:
Morgan Murphy
416-629-2143
…

To view the source version of this press release, please visit

SOURCE: Toronto Stock Exchange

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Company Spotlight: The Manufacturing Challenge Behind the AI Revolution

Written by Zeno Mercer on . Posted in Canada. Leave a Comment

While companies like NVIDIA and AMD capture headlines for their AI chips, a critical challenge remains: Who will actually build the complex infrastructure needed to power the AI revolution? Enter Celestica (CLS), one of tech’s most crucial manufacturers. The company’s stock has outperformed NVIDIA by a significant margin year-over-year, delivering returns of over 320% compared to NVIDIA’s 140% gain. This exceptional performance earned Celestica second place on the 2024 TSX30, Toronto Stock Exchange’s flagship program. TSX30 recognizes the top 30 performers based on three-year dividend-adjusted share price returns.

Celestica TSX30

Founded in 1994 as IBM Canada’s manufacturing arm, Celestica has evolved into a global leader in design, manufacturing, and supply chain solutions across the electronics manufacturing services industry. Today, the company operates 50 sites across 15 countries, serving diverse sectors, including healthtech, industrial, capital equipment, AI, and energy. With a mission to deliver comprehensive solutions across the entire product lifecycle, Celestica has positioned itself as a critical enabler of next-generation technology infrastructure. In Q2 2024, the company was added to the ROBO Global Robotics and Automation Index (ROBO).

Celestica’s expertise spans cutting-edge manufacturing, electro-mechanical design, and assembly, making it a trusted partner for complex challenges. The company’s Robotics Center of Excellence (COE) highlights its leadership in automation, enabling robotics companies to streamline design, optimize production, and scale efficiently. These capabilities extend to capital equipment and industrial automation, where Celestica delivers innovative solutions tailored to high-growth, technology-driven markets.

AI Infrastructure Leadership

The company has also capitalized on the accelerating demand for AI-driven infrastructure. Recent partnerships with Groq AI and a major hyperscaler for AI/ML server manufacturing demonstrate its ability to deliver advanced, customized solutions. Celestica’s proprietary designs, such as modular AI/ML compute platforms and advanced cooling systems, position it as a key player in the rapidly growing AI server market, projected to exceed $250 billion by 2027. Additionally, Celestica’s leadership in Ethernet switching technology — dominating the 400G segment and leading the transition to 800G — underscores its role in supporting next-generation data centers.

In Q3, Celestica achieved revenue of $2.5 billion, up 22% year-over-year, driven by a 42% surge in its connectivity & cloud solutions (CCS) segment. Its adjusted EPS of $1.04 marked a 39% improvement, reflecting strong operational execution and demand across key markets. Furthermore, the company provided promising guidance for 2025, signaling sustained growth.

Celestica’s commitment to innovation, strategic partnerships, and customer-centric solutions continues to drive its success. Whether enabling robotics advancements, powering AI infrastructure, or providing best-in-class supply chain solutions, Celestica is uniquely positioned to thrive in dynamic, fast-evolving industries. By blending its expertise with a global footprint, the company is set to capitalize on emerging opportunities and maintain its status as a leader in design and manufacturing solutions.

For more news, information, and strategy, visit the Disruptive Technology Channel.

VettaFi LLC (“VettaFi”) is the index provider for ROBO, for which it receives an index licensing fee. However, ROBO is not issued, sponsored, endorsed, or sold by VettaFi, and VettaFi has no obligation or liability in connection with the issuance, administration, marketing, or trading of ROBO.

Energy and consumer staples drive TSX near 6-week peak

Written by TSX Stocks on . Posted in Canada. Leave a Comment

Canada’s main index of stocks continued to rise on Thursday. This was mainly due to gains in energy and consumer staples, but investors were still curious about the policy decisions made by U.S. president Donald Trump.

If gains continue, the S&P/TSX Composite Index of the Toronto Stock Exchange could record its eighth consecutive winning session.

The TSX’s heavyweight energy sector was the best performing, gaining 1.2% thanks to the firm oil price.

Consumer staples, which grew by 0.8%, also contributed to the increase.

Metal mining shares, however, limited overall gains by falling 1% as gold prices fell after reaching a near-three-month high the previous session.

The markets will be waiting for Trump’s virtual speech at the World Economic Forum at Davos, which is scheduled to begin at 11:00 am ET. ET for more clarity on his policies. “I believe that what Trump is saying to the world is the U.S. has opened for business, and he’s done away with a number of restrictive policies and rules within the U.S. in his first few days as president,” said Allan Small. Senior investment advisor with Allan Small Financial Group at iA Private Wealth.

Trump’s tax-cutting and regulatory reduction stance could be beneficial to corporate profits.

Tariffs

Ottawa has kept investors on edge.

Data released Thursday shows that Canadian retail sales remained unchanged from October to November. Statista Canada reported that higher sales at parts and motor vehicle dealers were offset by lower food and beverage sales.

The number of Americans who filed new claims for unemployment benefits increased marginally last week. This suggests that the solid job growth in January will likely continue.

Birchcliff Energy, a company that produces natural gas and intermediate oil, rose by the most among individual stocks at 8,5% after TD Cowen upgraded their rating to ‘buy.’

(source: Reuters)

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