08:46 AM EST, 03/04/2025 (MT Newswires) -- PyroGenesis ( PYRGF ) , which saw its stock jump nearly 7% on Monday, provided details for its NexGen plasma atomized metal powder production system after identifying the previously unnamed global aerospace company as Boeing .

PyroGenesis ( PYRGF ) Chief Executive P. Peter Pascali, in an earlier release had stated that "throughout this qualification process with Boeing, and ahead of the final supplier list notification, PyroGenesis ( PYRGF ) has not been idle. We continue to improve the system in step with Boeing's continued technological advancements...".

The company saw improvements like increased yield of key powder by 33-50%, increased operational uptime by more than 25% and reduced costs by about 20%.

Shares of the company closed up $0.04 to $0.62 on Monday on the Toronto Stock Exchange.