Mr. P. Peter Pascali reports

PYROGENESIS ANNOUNCES "FINE CUT" TITANIUM POWDER CONTRACT WITH U.S. ADDITIVE MANUFACTURING COMPANY

PyroGenesis Inc. has signed an initial order of fine-cut titanium powder produced by PyroGenesis's NexGen plasma atomization process. The customer is a contract manufacturer specializing in titanium-based additive manufacturing for the consumer product and health care industries.

Following the announcement earlier this week (press release dated Dec. 8, 2025) of a half-tonne order for PyroGenesis's coarse-cut titanium powder, the contract announced today is for the supply of fine-cut Ti64 powder (particle size: 20 to 53 microns), for use in the client's laser powder bed fusion (LPBF) printing systems. The powder shipment, produced by PyroGenesis's 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's Q3 2025 earnings report (press release dated Nov. 11, 2025), as a potential near-term business line development.

Project highlights

Purpose:   The titanium powder will be 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 per cent of the global metal AM market share. This popularity is due to its accuracy and precision and ability to produce complex geometries.

Scope:  The initial order is with a U.S. contract manufacturer for PyroGenesis's fine-cut Ti64 powder (particle size: 20 to 53 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's 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 P. Peter Pascali, president and chief executive officer of PyroGenesis. "Expanding our reach to include premier 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."

Industry and market context:

• The global 3-D printing market for titanium powder is expected to increase from $214-million (U.S.) in 2023 to $1.4-billion (U.S.) by 2032.
• Titanium is classified as a critical mineral by both Canada and the United States.
• Titanium is used by multiple industries, including space, aerospace, defence, 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 3-D 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 defence. 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's engineers, scientists and technicians drive innovation and commercialization of energy transition and ultrahigh-temperature technology. PyroGenesis's operations are ISO 9001:2015 and AS9100D certified, with ISO (International Organization for Standardization) certification maintained since 1997. PyroGenesis's shares trade on the Toronto Stock Exchange (symbol: PYR), the OTCQX exchange (symbol: PYRGF) and the Frankfurt Stock Exchange (symbol: 8PY1).

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