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PyroGenesis Announces $1.4 Million Contract to Supply Two Plasma Torches to European Mining, Metallurgy & Materials Entity

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  • PyroGenesis Inc. signed a EUR900,000 (CAD$1,445,000) contract with a confidential European research institute focused on non-ferrous metallurgy & the circular economy.
  • The agreement covers the supply of two proprietary non-transferred DC plasma torch systems (300 kW & 40 kW) with multi gas-forming options, peripherals, training, & support.
  • Delivery of the systems is targeted for Q2 2027 to support research in advanced metallurgy, pyrometallurgy, & decarbonization.
  • A 60% downpayment is expected from the client within the next few weeks.
  • The contract aligns with PyroGenesis' Q2 2026 outlook regarding ongoing discussions with the institute for multiple plasma torch applications.
  • The global non-ferrous metals market is valued at over $1.2 trillion in 2026, with recycling accounting for 30-40% of total supply.
  • The market is projected to reach $1.77 trillion by 2034 driven by demand in automotive, aerospace, renewable energy, & digital infrastructure sectors.
  • PyroGenesis provides plasma technology for heating recycled aluminum, holding furnaces, & the Drosrite™ system for extracting value from aluminum dross.