MONTREAL, Oct. 17, 2025 (GLOBE NEWSWIRE) — PyroGenesis Inc. (“PyroGenesis”) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a leader in ultra-high temperature process and technology innovation and a technology provider to the heavy industrial and defense markets, today announces the purchase of up to 1,581,250 shares of common stock, warrants (the “Warrants”) will be amended.
The warrants, which have an exercise price of $1.20, currently expire on November 18, 2025. Effective November 3, 2025, the exercise price and expiration date of warrants held by holders wishing to participate in such repricing will be reduced to $0.63 per share and extended to July 17, 2026. These warrants will also be amended to provide that if, at any time prior to their expiration date, the closing price of the Common Shares on the Toronto Stock Exchange (“TSX”) exceeds US$0.80 (such amount being 127% of US$0.63) for any 3 consecutive trading days, the Company will have the right, for a period of 15 days from the occurrence of such event, to accelerate the date the expiration of the warrants on or before the date that is 30 days after the date on which notice of such acceleration is given. Such notice shall be deemed given either upon notification by email to the holders of such warrants or upon the Company's issuance of a press release announcing the achievement of an acceleration event. All other terms of the warrants will remain unchanged. Implementation of these amendments will be subject to final documentation approval by the applicable warrant holders.
None of the holders of the warrants subject to modification are insiders of the Company.
The Company has received approval of these amendments from the TSX, subject to customary conditions. The net proceeds from the exercise of the warrants will be used for general corporate purposes.
ABOUT PyroGenesis Inc.
PyroGenesis leverages 30 years of plasma technology leadership to provide advanced engineering solutions to address energy, propulsion, fracture, process heating, emissions and materials development challenges in heavy industrial and defense applications. Its clients include global leaders in aluminum, aerospace, steel, iron ore, utilities, environmental services, military and government. From its headquarters in Montreal and local manufacturing facilities, PyroGenesis engineers, scientists and technicians advance the innovation and commercialization of energy transition and ultra-high temperature technologies. PyroGenesis is ISO 9001:2015 and AS9100D certified and has maintained ISO certification since 1997. PyroGenesis shares are traded on the TSX (PYR), OTCQX (PYRGF) and Frankfurt (8PY1) stock exchanges.
Carefully And Visionary Statements
This press release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “expects”, “opportunity exists”, “positions”, “estimates”, “intends”, “anticipates”, “expects” or “does not anticipate” or “believes”, or variations of such words and phrases or statements. that certain actions, events or results “may”, “may”, “will”, “could”, “will” or “will be undertaken”, “occur” or “be achieved”. In addition, any statements that relate to expectations, forecasts or other characteristics of future events or circumstances contain forward-looking statements. Visionary Statements are not historical facts, guarantees or representations as to future performance, but rather represent management's current beliefs, expectations, estimates and projections regarding future events and operating results.
Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, although considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those expressed in the forward-looking statements include, but are not limited to, the risk factors identified under the heading “Risk Factors” in the latest version of PyroGenesis. annual information form, And V another periodic documents What This has did And Maybe do V That future With That securities commissions or similar regulatory authorities, all of which are available on PyroGenesis' profile on SEDAR+ at www.sedarplus.ca. These factors do not represent a complete list of factors that may affect PyroGenesis. However, such risk factors should be carefully considered. There can be no assurance that such estimates and assumptions turns out to be true. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statements except as required by applicable securities laws.
Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release.
For further information contact [email protected] or visit http://www.pyrogenic.com
