PyroGenesis Inc. develops plasma-based and ultra-high-temperature engineering solutions for heavy industry and defense. Its updates cover engineering projects tied to energy, propulsion, destruction, process heating, emissions control, and materials development for customers in aluminum, aerospace, steel, iron ore, utilities, environmental services, military, and government markets.
Recurring news themes include financial results and backlog, contracts for NexGen™ plasma-atomized titanium powder, additive manufacturing strategy, battery-materials processes for carbon black, graphite, and hydrogen, fumed silica testing, and governance or corporate secretary changes. The company also reports on commercialization activity across its plasma systems and related engineering services.
PyroGenesis (OTCQX: PYRGF) announced successful production of battery-grade graphite from carbon black using a two-step proprietary plasma process, with independent testing confirming >96% graphitization. The carbon black feedstock was produced directly from methane or natural gas plasma. PyroGenesis holds royalties (10% initial, 5% subsequent) and is exclusive plasma supplier for client plants.
PyroGenesis (OTCQX: PYRGF) reports successful production of battery-grade carbon black and hydrogen (H2) from a proprietary DC plasma torch using methane or natural gas as both plasma gas and primary feedstock without additives. Independent lab testing confirmed battery-grade quality. The pilot began under a prior $1 million design contract; further work targets scale-up and H2 grid integration.
PyroGenesis (OTCQX: PYRGF) announced a supply agreement with an unnamed Asian materials company dated April 9, 2026, for Ti64 titanium powder produced by its NexGen™ plasma atomization system.
The initial contract covers three particle-size cuts (20-63µm, 53-106µm, 53-150µm) for testing, deliveries over the next few weeks, and a Client-indicated need for multiple tonnes per year pending regulatory and trade certifications.
PyroGenesis (OTCQX:PYRGF) reported Q4 2025 revenue of $3.3M (down 21% vs Q4 2024) and full-year 2025 revenue of $12.57M (down 19.6% vs FY 2024). Gross margin fell to 17% in Q4 from 41% a year earlier. Net loss was $5.22M in Q4 and $14.8M for FY 2025. Modified EBITDA loss widened to $9.8M for 2025. Order backlog stood at $47.8M as of March 31, 2026, with 84% U.S. dollar exposure. Key commercial wins included contracts in cement, battery recycling, titanium powder sales, radioactive waste design work, and live furnace trials with major aluminum clients.
PyroGenesis (OTCQX: PYRGF) unveiled its plasma-based SPARC™ system at the March 20, 2026 opening of New Zealand’s National Refrigerant Destruction Facility. The facility, first of its type in the Southern Hemisphere, will use SPARC™ to permanently destroy up to 100,000 kg/yr of end-of-life synthetic refrigerants and eliminate gases with a combined GWP equal to 220 million kg CO2e. PyroGenesis was awarded a contract valued at approximately $6 million to design and build the system, which uses all-electric steam plasma and can be powered by adjacent geothermal renewable energy.
PyroGenesis (OTCQX: PYRGF) will host a conference call at 12:00 PM ET on Tuesday, March 31, 2026 to discuss fourth-quarter and fiscal year 2025 financial results (fiscal year ended December 31, 2025) and provide a business update.
Telephone pre-registration is required; a live webcast will be available in English and French and archived on the company investor relations website.
PyroGenesis (OTCQX: PYRGF) reports that live furnace trials with Rio Tinto and Alcoa show its patented plasma torches cut energy use, melting times, and dross while maintaining or improving metal quality. Trials replaced natural gas burners with plasma torches in a pilot furnace during 2025.
Key measured results include ~35% average energy reduction, 20–27% shorter cycle times, 40–50% lower hydrogen in metal, and 24–55% less dross for clean metal; findings published in Light Metals 2026.
PyroGenesis (OTCQX: PYRGF) completed manufacture of a plasma torch system for Constellium and has begun delivery to a European casthouse site. Installation starts as components arrive over five weeks, with on-site engineering support and commissioning expected in Q2 2026 to test electrified remelting.
The project is an industrial-scale demonstrator exploring all-electric plasma torches to reduce carbon emissions and advance aluminum furnace electrification.
PyroGenesis (OTCQX: PYRGF) confirmed a successful primary testing campaign (Feb 26, 2026) with a leading battery recycler using its high-temperature plasma for lithium-ion battery material recovery.
Tests at PyroGenesis facilities met anticipated outcomes; samples were shipped to the client for yield and chemistry verification. Additional scale-up testing may occur before end of Q2 2026, with potential orders described for 1 MW and up to multiple 5 MW torch systems, though no purchases are certain.
PyroGenesis (OTCQX: PYRGF) signed a contract to supply coarse Ti64 titanium powder (45–106µm) produced by its NexGen™ plasma atomization system to a European Scientific Aerospace Research Organization. The powder will be shipped in the coming days and is intended for electron beam melting (EBM) R&D applications.
Terms remain confidential; this is the company's first order with this organization and its first sale for this particle-size range.