Good Evening Mr. Pascali,

  Great hearing of the ongoing business with Drosrite Intl. &  Radian ( SA )  on the 7 system Drosrite deal. I see that this deal is exclusive of the Japanese trading house. Is this the first & last Drosrite deal that excludes the Japanese house ? Can we expect one or more new deals that would also exclude them?  The following is a brief note for those not familiar of the JV :    PyroGenesis Announces Signing with Japanese Multi-Billion Dollar Corporation to Jointly Toll with DROSRITE™

MONTREAL, Nov. 06, 2018 (GLOBE NEWSWIRE) —

The Partner is one of the largest Japanese trading houses (Revenues: > Can$5.4 billion; Profit: > Can$2.0 billion; Assets: > Can$25 billion) with more than 400 subsidiaries and affiliates worldwide, and extensive relationships with smelters globally.

“Tolling is the ultimate recurring revenue stream for our DROSRITE™ business line. Teaming up with a large multi-national corporation, who has the experience and organizational depth required to execute this strategy, will help accelerate our time to market,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “We know of no other process that can offer the same savings as the one we are offering the aluminum industry. Of note, in a separate industry, tolling steel slag on-site is a very profitable business model which has been the foundation on which several billion dollar blue-chip industrial companies were built. We intend to introduce this business model, with our Partner, to the aluminum industry, which, of note, is recognized as the steel industry’s ‘best practice’ for managing their slag.”

The Agreement announced today envisions the Parties eventually forming a JV to provide tolling services on a global basis. In such cases, the Parties would provide tolling services using PyroGenesis’ proprietary DROSRITE™ system to process the dross and recover valuable metals for a fee. The JV would speak to the strengths of each Party; namely, PyroGenesis’ technology and operational expertise with its patented process, and the Partner’s extensive global network and administrative depth.

 There is another firm that you are familiar with, Ultromex, that is tied into specific dross work that I believe you had indicated were not wanting to be involved with. Is there an opportunity perhaps with your Japanese JV that the 2 of you, PYR & Ultromex, can bring a more complete package of handling total dross to smelters ?  Thus perhaps more contracts being drawn up sooner rather than later ?  Also, what more may/can Ultromex ' bring to the table ' that would benefit PYR ?

 Best of wishes to All @ PYR,

 Sincerely,

 Topseeker