Latest news with #PyroGenesis
Toronto Star
a day ago
- Business
- Toronto Star
PyroGenesis Announces Second Quarter 2025 Results
MONTREAL, Aug. 06, 2025 (GLOBE NEWSWIRE) — PyroGenesis Inc. ('PyroGenesis') ( (TSX:PYR) (OTCQX:PYRGF) (FRA:8PY1), a high-tech company that designs, develops, manufactures and commercializes all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, today announces its financial and operating results for the second quarter ended June 30, 2025. 'This quarter marked significant milestones that advanced our strategic objectives,' said P. Peter Pascali, President and CEO of PyroGenesis Inc. 'We made meaningful progress toward the commercialization of our fumed silica reactor process and achieved approved supplier status with one of the world's leading aerospace companies for our 'coarse cut' Ti64 titanium metal powder, produced using our cutting-edge NexGen™ plasma atomization system.'
Toronto Star
3 days ago
- Business
- Toronto Star
PyroGenesis Signs Additional Contract with Constellium to Advance Aluminum Furnace Electrification Using Plasma Torch Technology
MONTREAL, Aug. 05, 2025 (GLOBE NEWSWIRE) — PyroGenesis Inc. ('PyroGenesis') ( (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a high-tech company that designs, develops, manufactures and commercializes advanced all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, announces that it has signed an additional contract with Constellium, one of the world's largest aluminum transformation and recycling companies, for the purchase of plasma torch technology and related peripheral components to be implemented in an aluminum remelting furnace as part of a broader decarbonization effort. The financial terms of the contract will remain confidential. This contract marks the launch of Phase 2 of the project – industrial implementation – as part of the two companies' collaboration agreement of April 2024. The collaborative agreement outlined Constellium's stated plan to use PyroGenesis plasma torches and associated processes as potential replacement heating sources for aluminum remelting furnaces in Constellium's aluminum cast houses. PROJECT HIGHLIGHTS Purpose: explore PyroGenesis' all-electric plasma torches, among other alternative technologies, to implement cleaner, more sustainable methods for high-temperature industrial heating, reducing carbon emissions and enhancing energy efficiency in aluminum processing Scope: integration of proprietary plasma technology in a demonstrator furnace at a Constellium casthouse ARTICLE CONTINUES BELOW Timeline: commissioning expected by Q1 2026 Strategic Impact: supports Constellium's roadmap to reduce GHG emissions As previously reported (PyroGenesis' April 10, 2024, news release), PyroGenesis and Constellium signed a letter of intent to implement a demonstrator plasma-heated furnace in one of Constellium's casthouses, as part of their decarbonization strategy. The initial project was to be implemented in two phases, the first of which corresponded to an engineering and feasibility study. The second phase, aiming at industrial execution, has now begun with the signing of this plasma torch contract. This project phase is estimated to be completed by Q1 2026. 'The aluminum industry represents a significant growth area for PyroGenesis, supported by market leaders like Constellium – companies that are embracing innovation and responding positively to our engineering expertise and industry-leading technology,' said Mr. P. Peter Pascali, President and CEO of PyroGenesis. 'Streamlining energy use by electrifying more processes across industrial operations only makes sense when quality and economics remain intact, as is the case with PyroGenesis' plasma torches. Constellium is demonstrating bold leadership in embracing cleaner, more efficient energy pathways. Together, we're taking a major step toward electrifying an energy-intensive segment of aluminum manufacturing.' 'We are pleased to take this next step with PyroGenesis to advance the maturity of plasma torch technology for aluminum remelting,' said Ludovic Piquier, Senior VP, Manufacturing Excellence and Chief Technical Officer of Constellium. 'This collaboration reflects our commitment to decarbonizing our operations through innovative, sustainable solutions.' Image 1: reverberatory melting furnace in use at one of Constellium's aluminum facilities. INDUSTRY AND MARKET CONTEXT Primary aluminum production is an energy intensive process that is typically produced using electricity; secondary aluminum production, using recycled aluminum, requires 95% less energy to produce. i According to Pathways to Decarbonization: A North American Aluminum Roadmap, aluminum production emissions must decline by 24% by 2030, 63% by 2040, and 92% by 2050 compared to 2021 levels to meet net-zero targets, highlighting the urgent need for cleaner technologies across both primary production and secondary remelting. ii Aspects of secondary aluminum production that use fossil fuels (natural gas, etc.), such as the remelting of scrap metal, can potentially utilize alternative energy sources such as plasma. Global aluminum demand is projected to rise nearly 40% by 2030 and up to 80% by 2050, driven by growth in automotive, aerospace, and packaging. iii iv Plasma-based electrification offers a cleaner, scalable alternative to traditional fuel-based heating, aligning with energy transition and decarbonization mandates. Image 2: secondary aluminum production from recycled metal uses up to 95% less energy than primary production. Aspects of secondary aluminum production that use fossil fuels, such as the remelting of scrap metal, can potentially utilize alternative energy sources such as plasma. Image 3: growing aluminum demand across various industries shows aluminum demand expected to increase 40% between 2020 and 2030. ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW PyroGenesis' development of plasma torches for use in high temperature industrial furnaces is part of the Company's three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. Plasma torches for aluminum melting furnaces are part of the Company's Energy Transition & Emissions Reduction tier, where fuel switching utilizing the Company's electric-powered plasma torches helps heavy industry reduce greenhouse gas emissions and fossil fuel use. The other tiers are Waste Remediation, and Commodity Security and Optimization. About PyroGenesis Inc. PyroGenesis, 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 m2 and 2,940 m2 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. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY1). Cautionary and Forward-Looking Statements This press release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects' or 'does not expect', 'is expected', 'an opportunity exists', 'is positioned', 'estimates', 'intends', 'assumes', 'anticipates' or 'does not anticipate' or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might', 'will' or 'will be taken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under 'Risk Factors' in PyroGenesis' latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis' profile on SEDAR+ at These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws. Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release. For further information please contact: Rodayna Kafal, Vice President, IR/Comms. and Strategic BD E-mail: ir@ i ARTICLE CONTINUES BELOW ARTICLE CONTINUES BELOW ii iii iv Photos accompanying this announcement are available at
The Market Online
7 days ago
- Business
- The Market Online
PyroGenesis Expands into Europe with First Titanium Powder Order
Montreal-based PyroGenesis Canada Inc. has secured its first commercial contract for titanium metal powder from a European client Europe Metal 3D Printing Market Size & Outlook projected to grow to US$11.2 B by 2030 Titanium is notably classified as a critical mineral by the Canadian government First European Titanium Contract In a notable milestone for its additive manufacturing division, Montreal-based PyroGenesis Canada Inc. (TSX: PYR, OTCQX: PYRGF) has secured its first commercial contract for titanium metal powder from a European client in the advanced manufacturing space, the company announced on July 31. This content has been prepared as part of a partnership with PyroGenesis Inc., and is intended for informational purposes only. The contract marks the company's debut transaction with a European-based engineering and materials science firm focused on additive manufacturing technologies, specifically electron beam melting (EBM) and direct energy deposition (DED). At the heart of the deal is PyroGenesis's Ti-6Al-4V coarse-cut titanium powder, produced using its proprietary NexGen™ plasma atomization system—a process that has recently won praise from some of the most demanding stakeholders in the aerospace and defence sectors. 'This order confirms the readiness of our NexGen™ powder production for demanding, real-world applications,' said CEO P. Peter Pascali in a statement. 'It's a significant commercial validation.' Peter Pascali, CEO of PyroGenesis Canada Inc. Industry and Market Context Additive manufacturing has long promised to disrupt how we build everything from jet engine components to orthopedic implants. But at its core lies a challenge: creating high-purity, uniformly sized metal powders that meet tight tolerances and performance metrics. Additionally, PyroGenesis's entry into this market hasn't gone unnoticed. It's coarse powder product, particularly in the 53–150 µm size range, has already passed rigorous qualification by a major aerospace OEM—widely speculated to be Boeing, which granted the company 'approved supplier' status earlier this year. The current contract, though undisclosed in size, is strategically significant: it reflects a shift in PyroGenesis's European go-to-market strategy, moving from distributor-based sales to direct client engagement, enabling better margins, faster cycles, and deeper integration with OEMs. Metric Details Projected Market Size (2030) US $11.2 billion CAGR (2024–2030) 24.8% Key Industries Driving Growth – Automotive– Aerospace & Aviation– Machinery – Electronics Market Position Europe is a global hub for advanced manufacturing Europe Metal 3D Printing Market Size & Outlook, 2023-2030. (Source: Grandview Research). Titanium Classified as a Critical Mineral PyroGenesis' production of high-quality titanium metal powders is part of its broader three-vertical solution strategy designed to address key economic drivers in global heavy industry. Furthermore, this work falls under the Commodity Security & Optimization vertical. which focuses on advanced material production and technologies—like plasma processing—to recover valuable metals and minerals from industrial waste, enhancing the availability of critical resources. Evidently, titanium is notably classified as a critical mineral by the Canadian government, plays a central role in this initiative. Equally important, PyroGenesis' two other strategic verticals are Energy Transition and Emission Reduction and Waste Remediation. Strategic Pivot to Europe: A $10 Billion Opportunity The deal underscores PyroGenesis's growing focus on the European additive manufacturing market. The market is projected to exceed $11.2 billion by 2030, according to independent industry research. In addition, the company's exit from its distribution arrangement with Aubert & Duval—announced in 2024—freed PyroGenesis to pursue direct sales relationships across the continent. 'This customer is a key technology hub in Europe,' noted Massimo Dattilo, VP of Sales. 'We believe this initial engagement opens the door to more substantial long-term contracts.' Massimo Dattilo, VP of Sales, PyroGenesis Canada Landmark Titanium Orders Additionally, over the past 18 months, PyroGenesis has transformed its metal powder business from pilot-scale shipments to full commercial operations. Given that, in May 2025, it received a landmark 5-tonne titanium powder order from a U.S.-based customer, followed by a 6-tonne reorder—underscoring the sector's readiness to scale. Meanwhile, its NexGen™ production line continues to be a differentiator. Compared to legacy systems, NexGen™ delivers higher throughput, lower cost-per-kilogram, and greater particle size control—making it especially well-suited for aerospace and defence applications where certification is non-negotiable. Another key point, PyroGenesis will host a conference call at 12:00 PM Eastern Time on Thursday, August 7th, 2025. The company will discuss second quarter 2025 financial results ending June, 30, 2025. Join the discussion: Find out what the Bullboards are saying about PyroGenesis Canada Inc. and check out Stockhouse's stock forums and message boards. Stockhouse does not provide investment advice or recommendations. All investment decisions should be made based on your own research and consultation with a registered investment professional. The issuer is solely responsible for the accuracy of the information contained herein. For full disclaimer information, please click here.
Toronto Star
7 days ago
- Business
- Toronto Star
PyroGenesis Schedules Second Quarter 2025 Financial Results and Business Update Conference Call
MONTREAL, Aug. 01, 2025 (GLOBE NEWSWIRE) — PyroGenesis Inc. ('PyroGenesis') ( (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a high-tech company that designs, develops, manufactures and commercializes advanced all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, today announces that it will host a conference call at 12:00 PM Eastern Time on Thursday, August 7th, 2025 to discuss the Company's financial results for the second quarter 2025 which ended June, 30, 2025, as well as provide an update to the Company's progress and other developments. To access the conference call by telephone, please pre-register using the following link: Registrants will receive confirmation with dial-in details. A live webcast of the conference call can be accessed at the following links: English users: French users: The webcast will also be available on the Investor Relations section of the Company's web site in the days following the conference call. ARTICLE CONTINUES BELOW About PyroGenesis Inc. PyroGenesis Inc., 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 m2 and 2,940 m2 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. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY1). Cautionary and Forward-Looking Statements This press release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects' or 'does not expect', 'is expected', 'an opportunity exists', 'is positioned', 'estimates', 'intends', 'assumes', 'anticipates' or 'does not anticipate' or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might', 'will' or 'will be taken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under 'Risk Factors' in PyroGenesis' latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis' profile on SEDAR+ at These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws. Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release. For further information please contact: Rodayna Kafal, Vice President, IR/Comms. and Strategic BD E-mail: ir@ Web Site:
Hamilton Spectator
7 days ago
- Business
- Hamilton Spectator
PyroGenesis Schedules Second Quarter 2025 Financial Results and Business Update Conference Call
MONTREAL, Aug. 01, 2025 (GLOBE NEWSWIRE) — PyroGenesis Inc. ('PyroGenesis') ( ) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a high-tech company that designs, develops, manufactures and commercializes advanced all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, today announces that it will host a conference call at 12:00 PM Eastern Time on Thursday, August 7th, 2025 to discuss the Company's financial results for the second quarter 2025 which ended June, 30, 2025, as well as provide an update to the Company's progress and other developments. To access the conference call by telephone, please pre-register using the following link: . Registrants will receive confirmation with dial-in details. A live webcast of the conference call can be accessed at the following links: English users: French users: The webcast will also be available on the Investor Relations section of the Company's web site in the days following the conference call. About PyroGenesis Inc. PyroGenesis Inc., 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 m2 and 2,940 m2 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. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY1). Cautionary and Forward-Looking Statements This press release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects' or 'does not expect', 'is expected', 'an opportunity exists', 'is positioned', 'estimates', 'intends', 'assumes', 'anticipates' or 'does not anticipate' or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might', 'will' or 'will be taken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under 'Risk Factors' in PyroGenesis' latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis' profile on SEDAR+ at . These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws. Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release. For further information please contact: Rodayna Kafal, Vice President, IR/Comms. and Strategic BD E-mail: ir@ Web Site:
