Core Points - PyroGenesis Inc. has completed the first tranche of a non-brokered private placement, issuing 5,555,556 units at a price of $0.63 per unit, resulting in gross proceeds of approximately $3,500,000 [1][2] - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one common share at $0.28 for 48 months [1] - The proceeds from the private placement will be used for working capital and general corporate purposes [2] Group 1 - The first tranche was fully subscribed by P. Peter Pascali, the President and CEO, representing his investment of approximately $3,500,000 [2] - The second tranche is expected to close next week, involving the issuance of 4,000,000 units at a price of $0.20 per unit, for approximate gross proceeds of $800,000 [2] - Each warrant in the second tranche allows the purchase of one common share at $0.40 for a period of 24 months [2] Group 2 - The private placement has been conditionally approved by the TSX, pending final approval and customary closing conditions [3] - PyroGenesis leverages 30 years of plasma technology leadership to provide advanced engineering solutions across various industries, including energy, aerospace, and defense [5] - The company’s operations are ISO 9001:2015 and AS9100D certified, maintaining ISO certification since 1997 [5]

Core Viewpoint - PyroGenesis Inc. is set to complete a non-brokered private placement, with the CEO intending to invest approximately $4,000,000 in the first unit group of the offering [1][3]. Group 1: Private Placement Details - The private placement consists of two unit groups, with closings expected to occur in up to three tranches each [2]. - The first unit group involves the issuance of 6,666,665 units at a price of $0.63 per unit, aiming for gross proceeds of approximately $4,199,999 [7]. - Each unit in the first group includes one common share and one common share purchase warrant, with warrants allowing the purchase of one common share at $0.28 for 48 months [7]. - The second unit group will issue 4,000,000 units at a price of $0.20 per unit, targeting gross proceeds of around $800,000 [7]. - Each warrant in the second group permits the purchase of one common share at $0.40 for 24 months [7]. Group 2: Use of Proceeds - The proceeds from the private placement will be utilized for working capital and general corporate purposes [3]. Group 3: Company Overview - PyroGenesis Inc. specializes in advanced engineering solutions leveraging 30 years of plasma technology, serving industries such as energy, aerospace, and defense [5]. - The company is ISO 9001:2015 and AS9100D certified, maintaining ISO certification since 1997 [5].