03:27 PM EST, 02/04/2025 (MT Newswires) -- PyroGenesis ( PYRGF ) , a high-tech company, looks set for modest losses Tuesday after saying it expects to be "relatively unaffected" by proposed U.S. tariffs, if they are still introduced after a 30 day pause put on them yesterday is removed.

"Management is happy to see that any possible tariff implementation has been delayed by a month to allow for further dialogue. Nevertheless, management is of the opinion that the contemplated tariffs will have little to no direct negative impact on PyroGenesis' ( PYRGF ) bottom line," the company said in a statement.

"On the contrary, management believes that the company is in a unique position to benefit from many of the Trump administration's stated goals for their economy."

The company noted it manufactures and assembles many of its key systems outside of Canada, including its Drosrite aluminum metal dross recovery systems, which are manufactured in the U.S. In fact, most of the components used in PyroGenesis ( PYRGF ) systems are manufactured outside of Canada, the company said.

"More importantly," it said, "outside of clients in the U.S. defense sector (which often benefits from exemptions or waivers from U.S. tariffs), the bulk of the company's current and prospective clients are located outside of the United States, specifically in Europe, Canada, and the Middle East.

"On that note, it is also important to point out that the majority of the company's contracts are denominated in US dollars or Euros, and the current exchange rate environment could enhance the value of our foreign-denominated contracts."

PyroGenesis ( PYRGF ) views the benefits from President Trump's campaign promises to "bode well" for the company. In particular, it cited his commitments to lower corporate taxation to stimulate business growth; reduce regulatory burdens and bureaucracy to accelerate project approvals; and expand the energy sector.

According to Tuesday's statement the company provided the comments in response to investor questions about the impact from the recent trade policy disagreements between the U.S. and Canada, specifically with regards to potential U.S. tariffs imposed on Canadian products.

PYR was at last look down $0.01 at $0.56.

Price: 0.56, Change: -0.01, Percent Change: -1.75