PyroGenesis Signs Plasma-Based Contract With Leading Battery Recycler
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.
Rhea-AI Summary
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.
Positive
- Testing contract secured with a top global battery recycler
- Program timeline set: Q4 2025–Q1 2026
- Targets recovery of nickel, cobalt, copper, lithium from batteries
Negative
- Client identity and project value withheld, limiting transparency
- Agreement is a testing program, not a binding commercial supply contract
Details
News Market Reaction – PYRGF
In the Dec 11 session, PYRGF declined 4.92%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Battery recycling timeline start
- Q4 2025
- Plasma testing program period
- Battery recycling timeline end
- Q1 2026
- Plasma testing program period
- End-of-life batteries 2040
- 20,500 kilotons
- Projected volume of end-of-life lithium-ion batteries by 2040
- End-of-life batteries 2025
- 900 kilotons
- Estimated lithium-ion end-of-life battery volume in 2025
- Growth rate
- 25%
- Annual growth rate of end-of-life lithium-ion battery volumes
Historical Context
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Titanium metal powder order from a global aerospace leader after certification.
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EUR 815,000 plasma torch contract for electrifying cement calcination furnace.
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Non-brokered private placement raising $5,226,083 via units with warrants.
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Revenue decline, margin compression and net loss despite a $51.6M backlog.
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Scheduled Q3 2025 results and business update conference call details.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
lithium-ion batteries technical
cathode technical
anode technical
critical minerals technical
EV batteries technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Project will test the use of plasma in the recovery of critical minerals from end-of-life batteries
MONTREAL, Dec. 11, 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 a contract with a company engaged in large-scale battery recycling, for the testing of high-temperature plasma during the material recovery and new battery production process. The client is one of the largest of its kind in the world. The client’s name and the total value of the project are being withheld for competitive and confidentiality reasons.
PROJECT HIGHLIGHTS
Purpose: using plasma to replace fossil fuel heating during lithium-ion battery recycling.
Scope: testing of PyroGenesis’ plasma technology for superheating materials as part of the process to recover certain cathode or anode materials from end-of-life batteries.
Timeline: Q4 2025 to Q1 2026.
Strategic Impact: supports end customer goals to achieve all-electric operations for a cleaner, more sustainable supply chain for reusable battery material, reducing the reliance on new mining activities, and providing a second life for EV batteries which, when retired, can have years of usable capacity left or be disassembled for material recovery. With the demand for lithium-ion batteries, especially for EVs, rapidly increasing, the volume of end-of-life lithium-ion batteries has the potential to reach 20,500 kilotons by 2040 from 900 kilotons in 2025, growing at an annual rate of
As previously reported in the Outlook section of PyroGenesis’ 2nd quarter earnings report, PyroGenesis had been in negotiations with a North American battery material recycler. The contract announced today is for a testing program to examine how plasma can be used in the recovery of cathode and anode materials from end-of-life lithium batteries.
The client is among the world’s largest recyclers of batteries. Extensive research and development by the client has proven the recovery potential of key minerals from batteries such as nickel, cobalt, copper, and various oxides such as lithium.
“As the use of lithium-ion batteries increases, and as the previous generation of electric vehicle batteries begin to reach their end of life, it is imperative that closed-loop remediation systems, that can recover viable minerals to produce new battery material, become more widely utilized,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis. “Companies like our client, who are using advanced technology while placing emphasis on all-electric processes – including those that may benefit from PyroGenesis’ plasma – will help battery and vehicle manufacturers shield themselves against volatile raw material pricing and critical mineral access while reducing carbon footprint and improving efficiency. We are excited by the possibility of PyroGenesis playing a role in the future of battery and critical mineral recycling.”
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
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1 https://www.undp.org/sites/g/files/zskgke326/files/2025-01/analysis-of-ev-battery-end-of-life.pdf
