$PYR.TO

PyroGenesis Says Delivered New Technology to Convert Contaminated Biomass to Syngas

PyroGenesis Closed $2 Million Private Placement

PyroGenesis (PYR.TO), a player in ultra-high temperature processes and engineering innovation, and a plasma-based technology provider to heavy industry & defense, has completed its previously announced non-brokered private placement that was concurrent to a "bought deal" offering, it said Thursday.The "bought deal" closed previously on June 3, 2026, and combined, the concurrent private placement and the bought deal offering total approximately $6.2 million, the company added.The concurrent private placement was solely and entirely subscribed by P. Peter Pascali, the company's President and CEO, for 5,882,352 units at a price per Unit of $0.34, for gross proceeds to the company of $2 million, a statement noted.Each unit consists of one common share and also one common share purchase warrant of the company. Each warrant under the concurrent private placement entitles Pascali to purchase one common share of the company at a price of $0.42. Warrants to be issued to Pascali under the concurrent private placement expire 24 months from the closing date of the offering. All units acquired pursuant to the concurrent private placement will be subject to a hold period of four months pursuant to applicable Canadian securities laws, the statement also noted.The company said it intends to use the net proceeds from the offering and concurrent private placement for working capital and advancements of contracts and backlog.Shares in PYR edged down $0.005 to $0.225 in Canada yesterday.

PyroGenesis Closes a $6.26 Million in Financings

PyroGenesis (PYR.TO) on late Tuesday said it closed a bought-deal offering of share units and a concurrent private placement of units that raise a combined $6.26 millionThe company sold underwriters 12.51-million units priced at $0.34 and made up of a share and a three-year warrant to buy a share for $0.42, raising $4.26 million.A concurrent private placement with the same terms is expected to close today, raising a further $2 million.The company plans to use the net proceeds from the offering and concurrent private placement for working capital and to advance contracts and backlog.The company's shares were last seen down $0.007 to $0.253 on the Toronto Stock Exchange.Price: $0.25, Change: $-0.01, Percent Change: -3.08%

PyroGenesis to Raise $3 Million Via Bought Deal LIFE Offering and $2 Million Via Concurrent CEO Private Placement

PyroGenesis (PYR.TO) entered into an agreement with Research Capital Corporation to act as the sole underwriter and sole bookrunner, pursuant to which the underwriter agreed to buy, on a "bought deal" basis pursuant to the Listed Issuer Financing Exemption (LIFE), 8.8-million of its units for $3 million at $0.34 apiece, it said overnight Tuesday.Each unit will consist of one common share and one common share purchase warrant and each warrant will entitle the holder to buy a share for $0.42 for a three-year period from the closing date of the offering, expected on or about June 3. The underwriter has an option to increase the size of the offering by up to 15% by giving written notice of the exercise of the underwriter's option, or a part thereof, to the company at any time up to 48 hours prior to the closing date.Concurrent with the LIFE offering, the company intends to complete a non-brokered private placement offering of its units at $0.34 apiece for up to $2 million with the exception of the warrants to be issued to PyroGenesis Chief Executive P. Peter Pascali under the concurrent private placement, which will expire two years from the closing date of the offering.The offering and the concurrent private placement are expected to provide combined proceeds of up to $5.5 million to the company, assuming the full exercise of the underwriter's option. Proceeds will be used for working capital and advancements of contracts and backlog.Shares of the company closed down 4.9% to $0.39 on Tuesday on the Toronto Stock Exchange.

PyroGenesis Reaches Out of Court Settlement to Acquire its Turcot Manufacturing Facility

PyroGenesis (PYR.TO) on Thursday said it reached an out-of-court settlement with the owner of its Turcot manufacturing facility in Montreal to sell it to the company for $3.1 million.The company in 2022 exercised an contractual option to acquire the plant in for $2.75 million, but the owner refused to sell and PyroGenesis launched a suit to force compliance in Quebec Superior Court. The court is expected to approve the settlement today.This property is the company's 40,902 square feet facility. The Turcot facility is located about 6.2 kilometers from its downtown Montreal headquarters."This is great news, as we have managed to not only secure our key factory location for the long term, but we have also acquired an asset of significant value for our stakeholders," chief executive Peter Pascali "Our purchase price of approximately $76/sq. ft. is significantly under the current market price for this area ... A sale-leaseback structure could quickly unlock this value which the company could use to accelerate projects in its various businesses. We look forward to initiating sale-leaseback discussions with interested parties, very soon."Shares of the company were last seen down $0.01 to $0.43 on the Toronto Stock Exchange.Price: $0.43, Change: $-0.01, Percent Change: -2.27%

Earnings Flash (PYR.TO) PyroGenesis Reported Q1 Revs $4.9M, Up 63% YoY; Backlog of $43.1M

PyroGenesis Converts Plasma Gas to Battery-Grade Carbon Black and Hydrogen

PyroGenesis (PYR.TO) on Tuesday announced the "successful" production of battery-grade carbon black and hydrogen (H2) from a proprietary PyroGenesis plasma torch system.The company stated that the result was achieved with both a natural gas- and a methane-powered plasma torch as the primary hydrocarbon feedstock, which is then directly converted into carbon black and H2 without the need for a secondary raw material feedstock and additives.In a statement the company noted that the resulting carbon black met quality levels "well above" battery grade requirements, as determined by an independent testing lab."Additionally, with this achievement PyroGenesis is the first company to successfully use hydrocarbon (methane/natural gas) as both the plasma-forming gas and the primary feedstock in a DC plasma torch to produce solid carbon and H2 without any additives," said the company. "The system was designed by PyroGenesis on behalf of its client, a Canadian company exploring alternative use of carbons for commercial applications."The company said that the "successful" results announced confirm that the PyroGenesis plasma-based process produces carbon black at "exceptionally high grades," meeting key battery-grade levels for ash content, metallic purity, surface area, and tapped density, and methane and natural gas can be used as both plasma gas and feedstock to produce carbon black and clean hydrogen.

PyroGenesis Adds This Is Its First-ever Process To Eliminate Secondary Hydrocarbon Feedstocks and Additives

PyroGenesis Says Converted Plasma Gas to Battery-Grade Carbon Black and Hydrogen