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PyroGenesis Provides Corporate Update on NexGen™ Titanium Metal Powder Strategy

PYRGF
  • PyroGenesis Inc. provided an update on its Additive Manufacturing strategy leveraging its NexGen™ plasma atomized titanium metal powder production system.
  • The strategic goal is to scale operations significantly, potentially financing this growth through a spin-off or joint ventures rather than solely through capital raising.
  • Operational improvements include a ~20% reduction in costs since March 2025, continuous process enhancements, and the development of repeat customer relationships.
  • The company is expanding its customer base across key sectors including aerospace, medical, defense, contract manufacturing, electronics, and alloy producers.
  • Product offerings now include off-cut powder and are suitable for three applications: Laser Bed Powder Fusion, Electron Beam Melting, and Direct Energy Deposition.
  • The company is pursuing a joint venture for distribution and production in the Middle East region with a corporation interested in securing capability.
  • A potential distribution agreement was signed in April 2026 with a materials firm to supply the Asian electronics market, covering electronics, medical, and aerospace industries.
  • Several contract announcements over the past four months included repeat orders from existing customers.
  • Next steps involve broadening commercial reach beyond North America and Europe with a focus on Asia and the Middle East, including potential construction of NexGen™ systems via joint ventures.
  • The global titanium powder 3D printing market is projected to grow from $214 million in 2023 to $1.4 billion by 2032.
  • Titanium is classified as a critical mineral by both Canada and the U.S. due to its use in space, defense, consumer electronics, medical, hydrogen, and electric vehicles.