Mr. Peter Pascali reports

PYROGENESIS ANNOUNCES TITANIUM POWDER CONTRACT WITH A DOD AND NASA-SUPPORTED U.S. APPLIED RESEARCH FACILITY

PyroGenesis Inc. today signed a contract with a large United States applied research facility. PyroGenesis will provide coarse cut titanium powder for use in research for critical materials. This powder was produced by PyroGenesis's NexGen plasma atomization process. The name of the client and terms of the contract will remain confidential for competitive reasons.

As previously mentioned in the outlook section of the company's Q2 2026 earnings release dated Aug. 6, 2026, the company has been in discussion with a major United States entity for the sale of metal powder for use in advanced research. The client operates one of the largest applied research laboratories supported by the U.S. Department of Defense and NASA. The facility was established at the end of World War 2 and currently employs more than 1,000 personnel. Delays associated with the awarding of this contract were substantially due to the need to confirm that PyroGenesis was compliant with the Defense Federal Acquisition Regulation Supplement (DFARS), which includes security-related requirements applicable to certain U.S. Department of Defense contractors. This process has now been completed.

Today's contract marks the first commercial order with this client, which has indicated an immediate need for potential follow-up orders. This order is for a Ti64 coarse cut titanium metal powder (particle size: 45 to 106 micrometres) for use in electron beam melting (EBM), a technology widely used in the aerospace and biomedical manufacturing industries to print lightweight, robust and intricate structural components. The powder for this order will be shipped to the client over the coming days.

"This contract speaks directly to the strategic goal we outlined in our April 29, 2026, press release, which was to position the additive manufacturing division for the next level of growth anticipated to be several times larger than that which is currently in place. At the time, we enumerated a six-point approach to achieve this goal, which included (i) continuous improvement, (ii) reduction of operational expenses, (iii) development of additional products from existing production runs, (iv) expanding our customer base, (v) developing repeat customers, (vi) expanding powder suitability across three broad-based applications," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "While our numerous press releases relating to additive manufacturing have spoken at great length to the first three targets of our six-point approach, today's announcement speaks directly to last three elements of this approach, namely (i) expanding the customer base, (ii) developing repeat customers, and (iii) expanding powder suitability. As we add to the established success underscored by today's announcement, we are quickly reaching the critical mass required to execute on our strategic goal. Now that we have confirmed our DFARS-compliant status, we look forward to an ongoing relationship with this important new client."

PyroGenesis's technology development for additive manufacturing

PyroGenesis is the inventor of the plasma atomization process and in fact coined the term "plasma atomization" in its original patent. Plasma atomization is often considered the gold standard process for the production of metal powder for additive manufacturing, also referred to as metal 3-D printing.

After years of R&D (research and development), PyroGenesis redesigned its plasma atomization technology and launched NexGen to re-enter the powder production market by targeting higher quality and yields, at lower operating costs. The company has since taken a deliberate approach to commercialization, progressing from gram-scale customer samples to 100-kilogram orders and its first tonne-scale order in May, 2023.

PyroGenesis produces titanium powders in particle size distribution ranges across three cuts:

• Fine cut, in particle sizes between 15 to 63 micrometres for use in laser powder bed fusion (LPBF);
• Coarse cut, in particle sizes between 45 to 150 micrometres for use in electron beam melting (EBM) and directed energy deposition (DED);
• Off-cuts, in particle sizes not currently used by the existing range of commercial printers, but which offers a high-quality feedstock for use in the production of high-quality metal alloys.

Industry and market context:

• The global 3-D printing market specific to titanium powder is expected to increase from $214-million in 2023 to $1.4-billion 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.

About PyroGenesis Inc.

PyroGenesis leverages 35 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 certification maintained since 1997. PyroGenesis's shares trade on the Toronto Stock Exchange (PYR), OTCQX (PYRGF), and Frankfurt (8PY1) stock exchanges.

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