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GlobeNewswire·

PyroGenesis Receives $860,000 Down Payment for Recently Announced Two-Torch Contract with European Mining, Metallurgy & Materials Client

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  • PyroGenesis Inc. received a down payment of approximately $860,000 (EUR540,000) under a $1.4 million (EUR900,000) contract with a confidential European institute.
  • The remaining balance of EUR360,000 will be paid based on project milestones over the coming months.
  • The contract is for a two-torch plasma system comprising a 300-kW system and a 40-kW torch, both designed with multi plasma-forming gas options.
  • The Client utilizes the technology for non-ferrous metallurgy, high-purity materials, sustainable recycling, and decarbonizing processes.
  • The 60% down payment was received within the weeks following the contract announcement in August 2026.
  • The global non-ferrous metals market is valued at over $1.2 trillion and is projected to reach $1.77 trillion by 2034.
  • Recycling currently accounts for 30-40% of total global non-ferrous metal supply, with some estimates suggesting 60% of demand is met through recycled sources.
  • PyroGenesis provides plasma torch technology for heating recycled aluminum, holding furnaces, and its Drosrite™ system for extracting aluminum from dross waste.
  • PyroGenesis operates with ISO 9001:2015 and AS9100D certifications from its Montreal headquarters.