Dear Stocknews101,

Hypothetical questions like this do not require an urgent reply.  Especially when the fact that we have no royalty payment due now could have been found via a simple search of our press releases.

The only reason why I have chosen to reply now to what is really an hypothetical questions about a payment that is not due until sometime in 2018, is that I wanted to take this opportunity to remind investors that future royalties payment are attach to the worldwide exclusive right to the usage of the technology…

Therefore under any Hypothetical scenarios like the one you mention about the patent, if we cannot be guarantee the exclusive usage of the technology then we would not really be obligated to make any future payments.

Reading the following extract of our press releases then you will agree that this not an issue now…

From Uragold September 30, 2015 Press Release:

PyroGenesis has granted Uragold a worldwide exclusive right to the usage of the PUREVAPTM Quartz Vaporization Reactor technology in return for 10% of sales royalty payments

·      In order to maintain its Exclusive Global Right, Uragold will need to make the following minimal payments to PyroGenesis:

1.    For 2016, the greater of 10% of Uragold sales of Si or $50,000 CAD;

2.    For 2017, the greater of 10% of Uragold sales of Si or $100,000 CAD;

3.    For 2018, the greater of 10% of Uragold sales of Si or $150,000 CAD;

4.    For 2019 and beyond, the greater of 10% of Uragold sales of Si or $200,000 CAD per annum;

·      The Parties have agreed that the 2016 payment will be made immediately through the issuance of 1,000,000 Unit of Uragold Capital.

From HPQ August 2, 2016 Press Release:

FURTHER DETAILS PERTAINING TO ACQUISITION OF INTELLECTUAL PROPERTY

PyroGenesis will retain a royalty-free, exclusive, irrevocable worldwide license to use the process for purposes other than the production of silicon metal from quartz.  Should PyroGenesis develop any other such application, HPQ Silicon shall have a right of first refusal in the event of any sale or otherwise disposal.  PyroGenesis will retain all royalty payments owed by HPQ Silicon under the previously disclosed development and exclusivity agreement for the development of the PUREVAPTM process, payments of which represent 10% of HPQ Silicon metal sales, with set minimums, but with royalty payments being waived for 2017.

Regards

Bernard Tourillon
CEO

Disclaimers: This post contains certain forward-looking statements, including, without limitation, statements containing the words "may", "plan", "will", "estimate", "continue", "anticipate", "intend", "expect", "in the process" and other similar expressions which constitute "forward-looking information" within the meaning of applicable securities laws. Forward-looking statements reflect the Company's current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company's on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.