PyroGenesis Announces Closing of the First Tranche of the Second Unit Group of the Non-Brokered Private Placement for Approximately $822,000
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 $0.28 for 48 months. Securities are subject to a four-month-and-one-day hold and TSX final approval.
PyroGenesis (OTCQX: PYRGF) ha chiuso la prima tranche del Second Unit Group di una collocazione privata non-brokerata il 29 ottobre 2025, emettendo 4,110,000 unità a 0,20$ ciascuna per proventi lordi di circa $822,000. Ogni unità comprende una azione ordinaria e un warrant exercitabile a 0,40$ per 24 mesi. In precedenza la società aveva chiuso una tranche della First Unit Group di 5,555,556 unità a 0,63$ per circa 3,5 milioni di dollari; quei warrant sono exercibili a 0,28$ per 48 mesi. I titoli sono soggetti a una detenzione di quattro mesi e un giorno e all'approvazione finale della TSX.
PyroGenesis (OTCQX: PYRGF) cerró la primera tranche del Second Unit Group de una colocación privada no brokered el 29 de octubre de 2025, emitiendo 4,110,000 unidades a 0,20$ cada una por ingresos brutos de aproximadamente $822,000. Cada unidad incluye una acción común y un warrant ejercitable a 0,40$ durante 24 meses. La empresa cerró previamente una tranche de First Unit Group de 5,555,556 unidades a 0,63$ por unos $3,5M; esos warrants son exercitables a 0,28$ por 48 meses. Los valores están sujetos a un periodo de bloqueo de cuatro meses y un día y a la aprobación final de TSX.
PyroGenesis (OTCQX: PYRGF)는 2025년 10월 29일 브로커 비부관의 비공개 배정의 두 번째 유닛 그룹의 첫 차분을 마감하고 0.20달러에 4,110,000 유닛을 발행하여 총 수령액 약 $822,000를 달성했습니다. 각 유닛은 보통주 1주와 24개월 동안 행사 가능한 0.40달러의 워런트를 포함합니다. 회사는 이전에 0.63달러에 5,555,556 유닛의 First Unit Group 차분를 약 3.5백만 달러에 마감했으며, 그 워런트는 48개월 동안 0.28달러에 행사 가능합니다. 증권은 4개월 1일의 보유 기간과 TSX의 최종 승인을 받게 됩니다.
PyroGenesis (OTCQX: PYRGF) a clôturé la première tranche du Second Unit Group d'un placement privé non mandaté par une banque le 29 octobre 2025, en émettant 4 110 000 unités à 0,20$ chacune pour un produit brut d'environ $822 000. Chaque unité comprend une action ordinaire et un warrant exercicable à 0,40$ pendant 24 mois. La société avait auparavant cloturé une tranche du Premier Unit Group de 5 555 556 unités à 0,63$ pour environ 3,5 M$; ces warrants sont exercicables à 0,28$ pendant 48 mois. Les télégrammes sont soumis à une période de blocage de quatre mois et un jour et à l'approbation finale de la TSX.
PyroGenesis (OTCQX: PYRGF) schloss am 29. Oktober 2025 die erste Tranche des Second Unit Group eines nicht brokerierten privaten Platzierungsprogramms ab und emittierte 4.110.000 Einheiten zu je 0,20 $ für Bruttoeinnahmen von ca. $822.000. Jede Einheit umfasst eine Stammaktie und ein Warrants, der exercisable ist zu 0,40 $ für 24 Monate. Das Unternehmen hatte zuvor eine Tranche des First Unit Group von 5.555.556 Einheiten zu 0,63 $ für etwa 3,5 Mio. $ abgeschlossen; diese Warrants sind exercisable zu 0,28 $ für 48 Monate. Wertpapiere unterliegen einer Sperrfrist von vier Monaten und einem Tag sowie der endgültigen Genehmigung der TSX.
بايرو جينيسيس (OTCQX: PYRGF) أغلقت الشريحة الأولى من المجموعة الثانية للوحدات من عرض خاص غير وسيط في 29 أكتوبر 2025، حيث تم إصدار 4,110,000 وحدة بسعر 0.20 دولاراً للوحدة بإيرادات إجمالية تقارب $822,000. تتضمن كل وحدة سهماً عادياً واحداً وآمر warrants قابل للممارسة بسعر 0.40 دولار لمدة 24 شهراً. كانت الشركة قد أغلقت سابقاً شريحة من مجموعة الوحدة الأولى من 5,555,556 وحدة بسعر 0.63 دولار تقريباً 3.5 مليون دولار؛ وتكون تلك Warrants قابلة للممارسة بسعر 0.28 دولار لمدة 48 شهراً. تخضع الأوراق المالية لقيد لمدة أربعة أشهر ويوم واحد وللموافقة النهائية من TSX.
PyroGenesis (OTCQX: PYRGF) 于 2025 年 10 月 29 日完成非经纪私募配售的第二单位组的第一批募集，发行了4,110,000 股单位，每单位 0.20 美元，毛收益约为$822,000。每单位包含一股普通股和一个可在24个月内执行的认股权证，执行价为0.40 美元。公司此前完成了第一单位组的募集，发行了5,555,556 股单位，价格为 0.63 美元，约合$3.5M；这些认股权证的执行价格为 0.28 美元，期限为 48 个月。证券受四个月零一日的锁定期及 TSX 最终批准的限制。
- $822,000 raised from Second Unit Group tranche
- $3.5M previously raised in First Unit Group tranche
- Warrants provide potential additional capital if exercised
- Securities subject to standard statutory hold of 4 months+1 day
- Second Unit Group could add 4,110,000 common shares if warrants exercised
- First Unit Group warrants could add 5,555,556 common shares if exercised
- Private placement remains subject to TSX final approval
MONTREAL, Oct. 29, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), the leader in ultra-high temperature processes & engineering innovation, and a plasma-based technology provider to heavy industry & defense, announces today that further to its press release dated October 1, 2025, the Company has completed the first tranche of the Second Unit Group of the previously announced non-brokered private placement (the “Private Placement”) by issuing and selling an aggregate of 4,110,000 units (the “Units”) of the Company at a price of
- Each Unit within the Second Unit Group consists of one common share of the Company (a “Common Share”) and one common share purchase warrant (the “Second Unit Group Warrant”), at a price of
$0.20 per Unit. Each Second Unit Group Warrant entitles the holder to purchase one Common Share at a price of$0.40 for a period of twenty-four (24) months following the closing date.
The Common Shares and Warrants issued in connection with the Private Placement, and the Common Shares underlying the Warrants, will be subject to a statutory hold period of four months and one day from the date of the closing, in accordance with applicable securities legislation.
The Company previously announced (press release dated Oct. 16, 2025) the closing of the first tranche of the First Unit Group, selling an aggregate of 5,555,556 units of the Company at a price of
- Each Unit within the First Unit Group consists of one common share of the Company and one common share purchase warrant (the “First Unit Group Warrant”), at a price of
$0.63 per Unit. Each First Unit Group Warrant entitles the holder to purchase one Common Share at a price of$0.28 for a period of forty-eight (48) months following the closing date.
P. Peter Pascali, the President and CEO of PyroGenesis, did not subscribe to any units in this second unit group tranche, after having subscribed to the entire first tranche of the first unit group.
Both Unit Groups remain open, notwithstanding the second unit group being slightly oversubscribed, with both Unit Groups expected to close next week.
PyroGenesis intends to use the proceeds of the Private Placement for working capital and general corporate purposes.
The Private Placement has been conditionally approved by the TSX, but remains subject to the TSX’s final approval, as well as other customary closing conditions.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States, unless an exemption from such registration is available.
About PyroGenesis Inc.
PyroGenesis leverages 30 years of plasma technology leadership to deliver advanced engineering solutions to energy, propulsion, destruction, process heating, emissions, and materials development challenges across heavy industry and defense. Its customers include global leaders in aluminum, aerospace, steel, iron ore, utilities, environmental services, military, and government. From its Montreal headquarters and local manufacturing facilities, PyroGenesis’ engineers, scientists, and technicians drive innovation and commercialization of energy transition and ultra-high temperature technology. PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified, with ISO certification maintained since 1997. PyroGenesis’ shares trade on the TSX (PYR), OTCQX (PYRGF), and Frankfurt (8PY1) stock exchanges
Cautionary and Forward-Looking Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under “Risk Factors” in PyroGenesis’ latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis’ profile on SEDAR+ at www.sedarplus.ca. These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws.
Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release.
For further information contact ir@pyrogenesis.com or visit http://www.pyrogenesis.com
FAQ
How many units did PyroGenesis sell in the Oct 29, 2025 tranche and at what price (PYRGF)?
What are the warrant terms for the PYRGF Second Unit Group closed Oct 29, 2025?
How much did PyroGenesis raise in the First Unit Group tranche announced Oct 16, 2025 (PYRGF)?
Will shares and warrants from the private placement be immediately tradable for PYRGF investors?
What is PyroGenesis using the private placement proceeds for (PYRGF)?
Is the Oct 29, 2025 private placement final for PyroGenesis (PYRGF)?
