PyroGenesis Comments on Recent Online Post

Core Viewpoint - PyroGenesis Inc. has addressed an incorrect online post made by a board member regarding the company's ongoing private placement, clarifying that the information about oversubscription is inaccurate and should be disregarded [2][4][5]. Group 1: Private Placement Details - The company announced a non-brokered private placement on October 1, 2025, with a potential funding of approximately $5 million [4]. - A board member's post incorrectly stated that the private placement had been oversubscribed, bringing in between $7.5 million to $8.0 million [3]. - The company confirmed that the private placement is not officially oversubscribed at this time, and the first tranche is expected to be completed in the upcoming week [5]. Group 2: Corporate Governance and Disclosure - PyroGenesis emphasizes its commitment to timely disclosure and corporate governance, stating that corrective actions have been taken following the incident [5]. - The board of directors has reviewed the situation in full to ensure proper governance practices are upheld [5]. Group 3: Company Overview - PyroGenesis leverages 30 years of plasma technology leadership to provide advanced engineering solutions across various industries, including energy, defense, and heavy industry [6]. - The company is ISO 9001:2015 and AS9100D certified, maintaining ISO certification since 1997 [6]. - PyroGenesis' shares are traded on multiple stock exchanges, including TSX, OTCQX, and Frankfurt [6].