Mr. P. Peter Pascali reports

PYROGENESIS ANNOUNCES TITANIUM POWDER CONTRACT WITH GLOBAL AEROSPACE LEADER

PyroGenesis Inc. has signed a contract with a global aerospace leader for the supply of titanium powder produced by PyroGenesis's NexGen plasma atomization process. The contract was awarded following a competitive bid process under the approved supplier status granted to PyroGenesis by the client in May, 2025, following a multiyear certification process.

Under the contract, PyroGenesis will supply coarse-cut Ti64 titanium powder, with a particle size distribution of 45 to 150 microns, produced using the company's NexGen plasma atomization system. The powder, expected to be shipped to the customer in the coming days, will support the client's aerospace research and development program. The terms of the contract will remain confidential for competitive reasons.

"Securing additional business from a global aerospace leader through a competitive bidding process is a strong endorsement of both our titanium powder quality and the commercial competitiveness of our NexGen technology," said P. Peter Pascali, president and chief executive officer of PyroGenesis. "Our continued advancements in production efficiency are strengthening our cost competitiveness and positioning us to capture a greater share of the aerospace titanium powder market. This latest contract reinforces our strategy of converting technological advantages and established supplier relationships into sustained commercial growth and long-term shareholder value."

Industry and market context:

• The global 3-D printing market for 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.

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

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