News Summary

• PyroGenesis Inc. is the leader in ultra-high temperature processes & engineering innovation, and a plasma-based technology provider to heavy industry & defense.
• The Company has completed the first tranche of the Second Unit Group of the previously announced non-brokered private placement (the “Private Placement”) by issuing and selling an aggregate of 4,110,000 units of the Company at a price of $0.20 per Unit, for gross proceeds of approximately $822,000 to the Company.
• PyroGenesis intends to use the proceeds of the Private Placement for working capital and general corporate purposes.