PyroGenesis Announces “Fine Cut” Titanium Powder Contract with U.S. Additive Manufacturing Company

Rhea-AI Summary

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.

Positive

• Fine-cut Ti64 powder (20–53µm) produced and shipped Dec 2025
• Shipment sent to a U.S. contract manufacturer serving consumer and healthcare AM
• Company previously announced a half-tonne coarse powder order on Dec 8, 2025
• Product made without chemicals and claims lower carbon footprint

Negative

• Contract value undisclosed, limiting near-term revenue visibility
• Order described as an initial shipment with scale and cadence unspecified

News Market Reaction

+32.66%

1 alert

+32.66% News Effect

On the day this news was published, PYRGF gained 32.66%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Ti64 particle size: 20–53µm LPBF market share: 50% Titanium 3D printing market 2023: USD $214M +5 more

8 metrics

Ti64 particle size 20–53µm Fine cut titanium powder for LPBF printing systems

LPBF market share 50% Share of global metal additive manufacturing market

Titanium 3D printing market 2023 USD $214M Global 3D printing market for titanium powder in 2023

Titanium 3D printing market 2032 USD $1.4B Expected global titanium powder 3D printing market by 2032

Energy transition contract EUR 815,000 (CAD $1,324,000) Plasma torch system contract in cement industry

Private placement proceeds $5,226,083 Total gross proceeds from non-brokered private placement

Q3 2025 revenue $3.25M Q3 2025 results vs Q3 2024 (down 18.7%)

Backlog $51.6M Reported backlog as of Nov 11, 2025 over ~3 years

Market Reality Check

Price: $0.1968 Vol: Volume 59,329 is 1.18x th...

normal vol

$0.1968 Last Close

Volume Volume 59,329 is 1.18x the 20-day average 50,376, signaling elevated interest. normal

Technical Price at 0.2379 remains below the 0.27 200-day MA, despite a 32.66% move and contract wins.

Peers on Argus

Peers show mixed moves: ASPZ up 7.45%, NEWH down 16.63%, others flat, while PYRG...

Peers show mixed moves: ASPZ up 7.45%, NEWH down 16.63%, others flat, while PYRGF gained 32.66%, indicating a stock-specific reaction.

Historical Context

5 past events · Latest: Dec 08 (Positive)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 08	Titanium powder order	Positive	+24.1%	Half-tonne coarse Ti64 powder order for a global aerospace program.
Dec 03	Industrial contract	Positive	+0.1%	EUR 815,000 plasma torch deal for cement-sector electrification trial.
Nov 28	Private placement	Negative	+4.5%	Closing non-brokered placement raising $5.23M via units with warrants.
Nov 11	Q3 2025 earnings	Negative	+8.7%	Lower revenue and margins with net loss but large $51.6M backlog.
Nov 05	Results call notice	Neutral	-1.6%	Scheduling conference call to discuss Q3 2025 results and update.

Pattern Detected

Positive commercial and contract news often saw positive price reactions, while recent financing and weaker earnings drew unexpectedly constructive responses.

Recent Company History

Over the past month, PyroGenesis reported Q3 2025 results with revenue of $3.25M, lower margins and a net loss of $2.25M, but highlighted a backlog of $51.6M and several new contracts. It then completed a non-brokered private placement for total gross proceeds of $5,226,083. Subsequent news featured a EUR 815,000 plasma torch contract and a half-tonne titanium powder order for a global aerospace leader. Today’s fine-cut titanium powder contract builds on this sequence of commercial powder wins.

Market Pulse Summary

The stock surged +32.7% in the session following this news. A strong positive reaction aligns with t...

Analysis

The stock surged +32.7% in the session following this news. A strong positive reaction aligns with the company’s recent string of contract announcements and growing titanium powder business. The prior half-tonne titanium order and today’s fine-cut Ti64 contract reinforced commercialization momentum, helping drive a 32.66% move with volume at 1.18x average. However, recent equity financing and earlier losses highlight capital and execution risks that could temper follow-through if subsequent orders or margin trends do not sustain this optimism.

Key Terms

laser powder bed fusion, additive manufacturing, plasma atomization, critical mineral

4 terms

laser powder bed fusion technical

"for use in the client’s laser powder bed fusion (“LPBF”) printing systems."

Laser powder bed fusion is a type of 3D printing where a thin layer of metal powder is spread across a platform and a focused laser melts selected areas to fuse particles together, repeating layer by layer to build a finished metal part. Investors should care because it enables complex, lightweight designs, faster prototyping, and lower tooling costs compared with traditional manufacturing—factors that can reduce production time, cut supply‑chain steps, and open new market opportunities, but may require different quality controls and certification.

additive manufacturing technical

"LPBF is the most widely used technology in additive manufacturing (“AM”) using metal powders"

Additive manufacturing, often called 3D printing, builds physical parts by laying down material layer by layer from a digital design, rather than cutting or molding from a solid block. It matters to investors because it can cut production time and waste, enable cheaper prototypes and customized products, and reshape supply chains—changes that can lower costs, speed new products to market, and create competitive advantages that affect a company's revenue and margins.

plasma atomization technical

"produced by PyroGenesis’ NexGen™ plasma atomization process."

Plasma atomization is a manufacturing method that turns molten metal into fine, highly uniform powder by using a very hot plasma jet to break the liquid stream into tiny droplets that solidify as they cool. Like a chef spraying batter into identical drops to get consistent cookies, it produces spherical, high-purity powders used in 3D printing, batteries and aerospace parts — which affects product quality, production costs and supply reliability that investors watch closely.

critical mineral regulatory

"Titanium is classified as a critical mineral by both Canada and the U.S."

A critical mineral is a naturally occurring element or metal that is essential for modern technologies—like batteries, electronics, clean energy systems and defense—and whose supply is vulnerable to disruption. Investors care because these minerals act like key building blocks: shortages, geopolitical controls, or production bottlenecks can sharply raise costs, stall product rollouts, change profit forecasts, and prompt government policy or subsidies that affect company valuations.

AI-generated analysis. Not financial advice.

Contract is with contract manufacturer in key U.S. manufacturing hub

MONTREAL, Dec. 10, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis”) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), the leader in ultra-high temperature processes and engineering innovation, and a plasma-based technology provider to heavy industry & defense, announces today the recent signing of an initial order of “fine cut” titanium powder produced by PyroGenesis’ NexGen™ plasma atomization process. The customer is a contract manufacturer specializing in titanium-based additive manufacturing for the consumer product and healthcare industries.

Following the announcement earlier this week [press release dated December 8, 2025] of a half tonne order for PyroGenesis’ “coarse” cut titanium powder, the contract announced today is for the supply of “fine” cut Ti64 powder (particle size: 20-53µm [microns]), for use in the client’s laser powder bed fusion (“LPBF”) printing systems. The powder shipment, produced by PyroGenesis’ NexGen™ plasma atomization system, is now en route to the customer. The contract value will remain confidential for competitive reasons. The expectation for this contract was outlined in the outlook section of PyroGenesis’ Q3 2025 earnings report (press release dated November 11, 2025), as a potential near-term business line development.

PROJECT HIGHLIGHTS

Purpose: Titanium powder for use in the client’s LPBF printing systems. LPBF is the most widely used technology in additive manufacturing (“AM”) using metal powders, accounting for approximately 50% of the global metal AM market share. This popularity is due to its accuracy and precision, and ability to produce complex geometries. ¹

Scope: initial order with a U.S. contract manufacturer of PyroGenesis’ “fine” cut Ti64 powder (particle size: 20-53µm [microns]) produced by the NexGen™ plasma atomization process.

Timeline: the metal powder has been produced and recently shipped to the customer.

Strategic Impact: producing a superior quality titanium metal powder using PyroGenesis’ high efficiency NexGen plasma atomization process helps protect the critical mineral supply chain while offering a high-quality product made without chemicals and with a lower carbon footprint than non-plasma atomized methods.

“The services segment of the metal AM space will be a growing presence as the AM industry continues its shift from prototyping to production, driving the need for increased on-demand and localized production capacity,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “Expanding our reach to include premiere contract manufacturers in key manufacturing hubs, like the client announced today, is an important part of the planned growth of our metal powder business. This initial order begins what we hope may be an ongoing relationship with this client, who are specialists in using the grades of titanium powder that we produce. I believe that the continuous innovation of our patented NexGen plasma atomization system results in enhanced efficiency for metal powder production while at the same time reducing customer costs. This focus on continuous innovation reinforces our competitive advantage and underscores the company’s long-term value creation strategy.”

Image: PyroGenesis’ titanium metal powder as produced by its NexGen™ plasma atomization system.

INDUSTRY AND MARKET CONTEXT

• The global 3D printing market for titanium powder is expected to increase from USD$214 million in 2023 to USD$1.4 billion by 2032. ²
• Titanium is classified as a critical mineral by both Canada ³ and the U.S. ⁴
• Titanium is used by multiple industries, including space, aerospace, defense, consumer electronics, medical, hydrogen, and electric vehicles, due to its high strength-to-weight ratio and corrosion resistance

PyroGenesis is the inventor of the plasma atomization process and in fact coined the term “plasma atomization” in its original patent. The Company’s NexGen™ system is a patented upgrade to what is considered the gold standard process for the development of metal powder for additive manufacturing, also referred to as metal 3D printing.

About PyroGenesis Inc.

PyroGenesis leverages 34 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

¹ https://www.usdanalytics.com/industry-reports/metal-additive-manufacturing-market
² https://3dprint.com/313549/titanium-3d-printing-powders-to-reach-1-4b-by-2032/
³ https://www.canada.ca/en/campaign/critical-minerals-in-canada/critical-minerals-an-opportunity-for-canada.html
⁴ https://public-inspection.federalregister.gov/2025-16311.pdf

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5dc3360d-831a-4415-a872-f284ef39bf54

FAQ

What did PyroGenesis (PYRGF) announce on December 10, 2025 regarding titanium powder?

PyroGenesis announced an initial order and shipment of fine cut Ti64 powder (20–53µm) produced by its NexGen™ plasma atomization system to a U.S. contract manufacturer.

What is the intended use of PyroGenesis' fine-cut Ti64 powder (PYRGF)?

The powder is intended for laser powder bed fusion (LPBF) metal 3D printing systems used by the customer for consumer and healthcare parts.

Has PyroGenesis (PYRGF) already shipped the fine-cut titanium powder?

Yes; the announcement states the metal powder has been produced and is en route to the customer.

Did PyroGenesis (PYRGF) disclose the contract value for the December 10, 2025 order?

No; the contract value will remain confidential for competitive reasons.

How does PyroGenesis describe environmental or supply-chain benefits of its NexGen powder?

The company says NexGen production helps protect the critical mineral supply chain, is produced without chemicals, and has a lower carbon footprint than non-plasma methods.

Was this sale foreshadowed in prior company disclosures by PyroGenesis (PYRGF)?

Yes; the company said the expectation for this contract was outlined in its Q3 2025 earnings outlook (Nov 11, 2025).