Pyrogenesis Stock Price, News & Analysis

PyroGenesis (OTCQX: PYRGF) will host a conference call at 11:00 AM ET on Wednesday, November 12, 2025 to discuss third quarter 2025 financial results for the period ended September 30, 2025 and provide a business update.

Investors can pre-register for telephone access via the provided registration link and will receive dial-in details. A live webcast will be available in English and French, and the replay will be posted in the company’s Investor Relations section in the days following the call.

PyroGenesis (OTCQX: PYRGF) closed the first tranche of the Second Unit Group of a non-brokered private placement on Oct 29, 2025, issuing 4,110,000 units at $0.20 each for gross proceeds of approximately $822,000. Each unit includes one common share and one warrant exercisable at $0.40 for 24 months. The company previously closed a First Unit Group tranche of 5,555,556 units at $0.63 for about $3.5M; those warrants are exercisable at $0.28 for 48 months. Securities are subject to a four-month-and-one-day hold and TSX final approval.

PyroGenesis (OTCQX: PYRGF) announced an amendment program that would reprice and extend up to 1,581,250 warrants. Commencing November 3, 2025, participating warrants' exercise price would be reduced from $1.20 to $0.63 and their expiry extended from November 18, 2025 to July 17, 2026. The amended warrants include an acceleration clause: if the TSX closing price exceeds $0.80 for any three consecutive trading days, the company may accelerate expiry with 30 days' notice. All other warrant terms stay the same. Implementation is subject to documentation with holders and customary TSX conditions. Net proceeds from any exercises will be used for general corporate purposes.

PyroGenesis (OTCQX: PYRGF) closed the first tranche of a non-brokered private placement on Oct 16, 2025, issuing 5,555,556 units at C$0.63 per unit for gross proceeds of ~C$3,500,000. Each Unit includes one common share and one warrant exercisable at C$0.28 for 48 months. The Company said proceeds will be used for working capital and general corporate purposes. The Common Shares and warrants are subject to a four-month-plus-one-day statutory hold.

P. Peter Pascali, president and CEO, directly subscribed for the entire first tranche (~C$3.5M). A second unit group (4,000,000 units at C$0.20, warrants exercisable at C$0.40 for 24 months) is expected to close next week and the placement awaits TSX final approval.

PyroGenesis (OTCQX: PYRGF) addressed an online post by a current board member made after market hours on October 10, 2025, which contained incorrect details about the company’s ongoing non-brokered private placement.

The company clarified the placement was announced October 1, 2025 with potential funding of approximately $5 million, that the placement is still ongoing and not officially oversubscribed, and that the first tranche of the first unit group is expected to be completed during the upcoming week. The board reviewed the incident and says corrective action was taken.

PyroGenesis (OTCQX: PYRGF) has announced a non-brokered private placement consisting of two unit groups, which has received conditional approval from the Toronto Stock Exchange. The First Unit Group will issue 6,666,665 units at $0.63 per unit, totaling approximately $4.2 million, with CEO P. Peter Pascali expected to invest about $4 million.

The Second Unit Group will issue 4,000,000 units at $0.20 per unit, raising approximately $800,000. Both groups include warrants with different terms and exercise prices. The proceeds will be used for working capital and general corporate purposes, subject to TSX's final approval.

PyroGenesis (OTCQX:PYRGF) has announced significant progress in its fumed silica reactor (FSR) pilot plant testing, achieving a 3X increase in surface area to 136 m²/g, up from 44 m²/g in previous tests. The latest results demonstrate the FSR now meets commercial grade requirements for 90 and 130 grade products, while entering the lower range of grade 150 fumed silica specifications.

Key achievements include complete elimination of carbon impurity (now 0% from previous 0.32%), improved production efficiency with 10 test batches in 50% less time, and confirmation of a chemical-free plasma-based process. The company reported substantial improvements in purity levels, with SiO2 content reaching 97.92% (up from 53.59%) and significant reductions in impurities like TiO2, Al2O3, and Fe2O3.

PyroGenesis (OTCQX: PYRGF) has secured a US$871,000 (CAD$1.2M) contract to supply its plasma torch system to a European cement industry customer. The technology will be integrated into a calcination furnace for cement production, with delivery targeted for Q1 2026.

The project aims to replace fossil fuel-based heating with plasma torches in the calcination process, which currently accounts for 40% of greenhouse gas emissions in cement production. This aligns with the Global Cement and Concrete Association's goals of 20% CO2 reduction per metric ton of cement by 2030 and complete decarbonization by 2050.

PyroGenesis has significantly advanced its plasma torch technology, increasing power capacity from 900 kW in 2020 to 20 MW in 2024, enabling applications in more intensive industrial processes.

PyroGenesis (OTCQX:PYRGF), a company specializing in electric plasma processes and sustainable solutions, reported Q2 2025 financial results with revenue of $3 million, down 23.6% year-over-year. The company achieved a significantly improved gross margin of 56%, up 93% from Q2 2024, despite reporting a net loss of $2.9 million.

Key operational highlights include completing a $9.3 million coke-oven gas project for Tata Steel, achieving approved supplier status with Boeing for titanium metal powder, and successful testing of their Fumed Silica Reactor. The company maintains a strong backlog of $51.1 million in contracts, with 83% denominated in US dollars.

During Q2, PyroGenesis secured additional financing through a $5.75 million loan from CEO P. Peter Pascali and made progress across its three main business verticals: Energy Transition & Emission Reduction, Commodity Security & Optimization, and Waste Remediation.