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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 a second commercial order of one tonne of titanium powder produced by its NexGen™ plasma atomization process, to be delivered to a U.S. minerals and metal technology client over the next few days.
This follows a 3.5 tonne first order under the powder supply agreement signed in Q4 2025 and confirms recurring, as-needed deliveries of off-cut titanium (Ti64) powder that PyroGenesis has been stockpiling for resale. The sale targets industrial reprocessing markets and is presented as supporting critical mineral supply-chain protection and sustainable, closed-loop manufacturing.
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PyroGenesis (OTCQX: PYRGF) announced on December 23, 2025 that it has given EarthGrid a 90-day cancellation notice to end the exclusivity arrangement and cancel the existing Master Agreement for tunneling-related projects.
PyroGenesis said the Master Agreement originally included a US$500,000 non-refundable down payment from EarthGrid and provided a period of exclusivity to secure financing and complete a first statement of work. At the close of the 90-day notice period, PyroGenesis will be free to pursue tunneling-related projects with other parties.
PyroGenesis (OTCQX: PYRGF) signed an initial design phase contract with a European specialist in radioactive waste processing and nuclear decommissioning on Dec 17, 2025.
Purpose: define technical specifications, sizing, and design parameters for a plasma-equipped furnace and peripherals as a precursor to an engineering and build phase for a potential vitrification and treatment plant. Scope: engineering study, simulations, and design; timeline ~4 months. Customer identity is withheld for confidentiality.
Strategic context: EU nuclear capacity is projected to rise to ~109 GWe by 2050, with LLW and VLLW comprising ~90% of stored radioactive waste, supporting demand for plasma-based, low-carbon treatment options.
PyroGenesis (OTCQX: PYRGF) delivered 3.5 tonnes of titanium powder under a new powder supply agreement with a U.S. minerals and metal technology company on Dec 15, 2025. The powder was produced by PyroGenesis’ NexGen™ plasma atomization process and follows client testing of samples.
The agreement covers recurring, as-needed supply of high-quality “off-cut” Ti64 powder not currently used by many commercial metal 3D-printers. Financial terms are confidential. The contract was referenced in PyroGenesis’ Q3 2025 outlook as a potential near-term business line.
PyroGenesis (OTCQX: PYRGF) signed a testing contract with one of the world’s largest battery recyclers to evaluate plasma-based high-temperature processing for lithium-ion battery material recovery. The program will test replacing fossil-fuel heating with plasma to recover cathode and anode materials, including nickel, cobalt, copper and lithium oxides. The testing timeline is Q4 2025 to Q1 2026. The client name and project value remain confidential for competitive reasons.
PyroGenesis (OTCQX: PYRGF) announced an initial order and shipment of fine cut Ti64 titanium powder (20–53µm) produced by its NexGen™ plasma atomization process to a U.S. contract manufacturer serving consumer and healthcare additive manufacturing. The powder is intended for laser powder bed fusion (LPBF) systems and has been produced and shipped; contract value remains confidential. The company referenced a prior half-tonne coarse powder order announced Dec 8, 2025, and noted the sale was outlined as a potential near-term business development in its Q3 2025 outlook.
PyroGenesis highlights supply-chain resilience, chemical-free production, and a lower carbon footprint versus non-plasma atomized methods.
PyroGenesis (OTCQX: PYRGF) signed a contract to supply a half-tonne of coarse Ti64 titanium metal powder (45–150µm) to a Global Aerospace Leader following approval as an official supplier after a multi-year certification process.
The powder, produced by PyroGenesis’ patented NexGen™ plasma atomization system, will be shipped in the coming days for the customer’s aerospace R&D program; the contract value remains confidential.
PyroGenesis (OTCQX: PYRGF) signed a EUR 815,000 (CAD $1,324,000) contract to supply a plasma torch system for electrifying a calcination furnace in the cement industry.
Delivery is targeted for early Q3 2026 and the client will run a 9-month test as part of a multi-year initiative to demonstrate electric heating can replace fossil fuel combustion. The project plans to use captured CO2 in a closed-loop to power the plasma torch and moves PyroGenesis from low-kW trials toward megawatt-scale testing in industrial calcination.
PyroGenesis (OTCQX: PYRGF) closed the final tranche of a non-brokered private placement on Nov 28, 2025, completing sales of 14,185,969 units for total gross proceeds of $5,226,083. Units comprised common shares plus warrants: the 1st unit group sold 5,555,556 units at $0.63 (warrants exercisable at $0.28 for 48 months) and the 2nd unit group sold 8,630,414 units at $0.20 (warrants exercisable at $0.40 for 24 months).
Proceeds are intended for working capital and general corporate purposes. Securities and underlying shares are subject to a statutory hold period of four months and one day. The TSX has given conditional approval; final TSX approval remains outstanding.