PyroGenesis确保蒙特利尔工厂解决财产纠纷

2026-05-14 19:56

PyroGenesis (PYRGF) said Thursday it signed an out-of-court settlement to acquire its Montreal Turcot manufacturing facility for C$3.1M, resolving legal proceedings tied to the property purchase option.
The plasma technology company had exercised an option in 2022 to buy the 40,902-square-foot facility for C$2.75M, but the owner contested the transaction, prompting PyroGenesis to seek a court order in Quebec Superior Court.
The settlement, which is set to be homologated by the court, gives PyroGenesis title to the property at 5655 Philippe-Turcot in Montreal, which houses manufacturing, R&D, pilot plant systems, and metal powder production operations.
CEO P. Peter Pascali said the purchase price equates to about C$76 per square foot, below comparable industrial property values in the area, and added the company is exploring a potential sale-leaseback transaction to unlock capital for growth projects.

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