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 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.
PyroGenesis (OTCQX:PYRGF) reported Q3 2025 revenue of $3.25M (down 18.7% vs Q3 2024), gross margin 24% (vs 42% in Q3 2024), a net loss of $2.25M and a modified EBITDA loss of $1.89M. As of Nov 11, 2025 the company reports a $51.6M backlog (81% USD) with expected revenue recognition over ~3 years. Key operational wins include a Phase 2 industrial implementation contract with Constellium, a $1.2M cement-sector contract, a commercial titanium powder order, and Tata Steel project operations. Fumed silica pilot results showed a 3X surface-area increase to 136 m2/g and 0% carbon, reaching commercial grade ranges. Post-quarter financings raised >$5M including a $4.2M unit placement and CEO subscription of ~$3.5M.
PyroGenesis (OTCQX: PYRGF) will host a conference call at 11:00 AM ET on Wednesday, November 12, 2025 to discuss third quarter 2025 financial results for the period ended September 30, 2025 and provide a business update.
Investors can pre-register for telephone access via the provided registration link and will receive dial-in details. A live webcast will be available in English and French, and the replay will be posted in the company’s Investor Relations section in the days following the call.
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) announced an amendment program that would reprice and extend up to 1,581,250 warrants. Commencing November 3, 2025, participating warrants' exercise price would be reduced from $1.20 to $0.63 and their expiry extended from November 18, 2025 to July 17, 2026. The amended warrants include an acceleration clause: if the TSX closing price exceeds $0.80 for any three consecutive trading days, the company may accelerate expiry with 30 days' notice. All other warrant terms stay the same. Implementation is subject to documentation with holders and customary TSX conditions. Net proceeds from any exercises will be used for general corporate purposes.
PyroGenesis (OTCQX: PYRGF) closed the first tranche of a non-brokered private placement on Oct 16, 2025, issuing 5,555,556 units at C$0.63 per unit for gross proceeds of ~C$3,500,000. Each Unit includes one common share and one warrant exercisable at C$0.28 for 48 months. The Company said proceeds will be used for working capital and general corporate purposes. The Common Shares and warrants are subject to a four-month-plus-one-day statutory hold.
P. Peter Pascali, president and CEO, directly subscribed for the entire first tranche (~C$3.5M). A second unit group (4,000,000 units at C$0.20, warrants exercisable at C$0.40 for 24 months) is expected to close next week and the placement awaits TSX final approval.
PyroGenesis (OTCQX: PYRGF) addressed an online post by a current board member made after market hours on October 10, 2025, which contained incorrect details about the company’s ongoing non-brokered private placement.
The company clarified the placement was announced October 1, 2025 with potential funding of approximately $5 million, that the placement is still ongoing and not officially oversubscribed, and that the first tranche of the first unit group is expected to be completed during the upcoming week. The board reviewed the incident and says corrective action was taken.