PyroGenesis Announces Closing of the First Tranche of the Second Unit Group of the Non-Brokered Private Placement for Approximately $822,000

Core Points - PyroGenesis Inc. has completed the first tranche of the Second Unit Group of a non-brokered private placement, issuing 4,110,000 units at a price of $0.20 per unit, resulting in gross proceeds of approximately $822,000 [1][3] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.40 for 24 months [1] - The first tranche of the First Unit Group was previously closed, selling 5,555,556 units at $0.63 per unit, generating approximately $3,500,000 [2] - Proceeds from the private placement will be used for working capital and general corporate purposes [3] Group 1 - The second unit group was slightly oversubscribed, and both unit groups remain open with expected closure next week [3] - The private placement has been conditionally approved by the TSX, pending final approval and customary closing conditions [3] Group 2 - PyroGenesis leverages 30 years of plasma technology leadership to provide advanced engineering solutions across various industries, including energy, aerospace, and defense [5] - The company is ISO 9001:2015 and AS9100D certified, maintaining ISO certification since 1997 [5] - PyroGenesis' shares are traded on multiple stock exchanges, including TSX, OTCQX, and Frankfurt [5]