Mr. Rodayna Kafal reports

PYROGENESIS KICKS OFF NEW EUROPEAN DISTRIBUTION STRATEGY WITH CONTRACT TO SUPPLY SPANISH AEROSPACE ENTITY WITH TITANIUM METAL POWDER

PyroGenesis Canada Inc. has signed an initial contract with an aerospace entity in Spain for the sale of PyroGenesis's titanium metal powder for use in additive manufacturing. The client is engaged in the development of advanced aeronautics technologies for the European aerospace industry. The name of the client will remain anonymous for confidentiality reasons.

This new order is for the company's titanium metal powder with a particle size range of 15 to 63 microm. This powder cut range is ideally suited for laser bed additive manufacturing methods, including direct metal laser sintering (DMLS) or selective laser melting (SLM), which are widely recognized for their precision and strength in creating complex metal compounds.

The order has already been produced using PyroGenesis's NexGen plasma atomization system and will soon be in transit to the client. "This contract represents our initial commercial metal powder order from a European client, a significant milestone under our new direct distribution strategy. This powder is primarily utilized in laser bed applications within the additive manufacturing industry. We are experiencing an increase in activity from Europe and are currently engaging with additional European clients interested in acquiring our titanium powder for their additive manufacturing needs," said Massimo Dattilo, vice-president of PyroGenesis Additive.

The contract was possible as a result of recent changes to the company's European metal powder distribution strategy, whereby the company and Aubert & Duval mutually agreed to end their distribution agreement.

"As many of our long-time investors will know, over the past several years we designed, then readied, our new NexGen plasma atomization process with a goal to produce the highest quality metal powders in the additive manufacturing industry. As commercialization progresses and initial orders are received, our strategic initiatives continue to advance as well. We are gaining valuable experience in producing powders that cater to a variety of additive manufacturing applications including, but not limited to, laser bed, electron beam, binder jetting and direct energy deposition technologies," added P. Peter Pascali, president and chief executive officer of PyroGenesis. "By ending our distribution agreement with Aubert & Duval, we have essentially eliminated the middleman, thereby essentially reducing costs to the end-user. As can be seen from the announcement today we are now successfully selling directly to European-based clients."

The company's development of high-quality titanium metal powders is part of the company's three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. Metal powders are part of the company's commodity security and optimization tier, where the recovery of viable metals and the optimization of production to increase output help to maximize raw materials and improve the availability of critical minerals. Titanium has been identified as a critical mineral by the Canadian government.

About PyroGenesis Canada Inc.

PyroGenesis Canada, a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional dirty processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion-dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800-square-million and 2,940-square-million manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997.

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