PyroGenesis Canada Inc. ("Company" or "PyroGenesis") to provide a comprehensive update on its Aluminum business line. After unveiling an initial Aluminum Industry Strategy in September 2020, the Company's mandate has since expanded as global aluminum producers face increasing metal demand, rising energy costs, higher market prices for hiqh-quality aluminum, and approaching carbon emissions targets. As a result, the Company has increased sales efforts and R&D, targeting innovative new uses of its ultra-high heat expertise and plasma-based solutions. All of these endeavors have reached client-discussion stage. The Company is pleased to provide an update on both existing customers, as well as a selection of the many proposals and new-use developments that are currently ongoing: DrosriteTM - Metal Recovery Systems - PyroGenesis' DrosriteTM is a system that helps aluminum producers recover valuable metal from the smelting waste known as "dross" - a residual by-product generated throughout the metallurgical industry, when oxygen comes into contact with molten and solid impurities float to the surface to be skimmed off. Smelters typically lose anywhere from 2%-10% of their total annual melt production due to dross, as the material itself can be composed of as much as 80% metallic aluminum. The valuable metals and chemicals within this waste can be recovered if processed
correctly. PyroGenesis' DrosriteTM system modernized and significantly enhanced dross processing, introducing a method to recover much more - up to 98% - of the valuable aluminum left in dross, a 20% higher rate than the most commonly used process (the Rotary Salt Furnace), with a 50% lower operating cost, a lower carbon footprint and energy consumption, and a higher return on investment - all without the use of salt that can cause contamination, while also not creating salt cakes, another environmental problem as landfill bans multiply for this hazardous solid. As a result, PyroGenesis' DrosriteTM systems are in-demand, with the Company having successfully won some of the larger dross recovery projects internationally, making the Company one of the larger and certainly fastest-growing dross recovery solutions in the world.