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Manufacturing & engineering

PyroGenesis to repurchase around 7.5M shares to enhance shareholder value

PyroGenesis Canada Inc. (TSX:PYR, NASDAQ:PYR) has received acceptance from the Toronto Stock Exchange for a Normal Course Issuer Bid. Over the 12-month period from October 6, 2023, to October 5, 2024, PyroGenesis may purchase up to approximately 4.2% of its common shares, totaling around 7.5 million shares, to enhance shareholder value and liquidity. Repurchasing common shares as a strategic move to address market price disparities and enhance shareholder value and liquidity.