PyroGenesis Announces Closing of $6.26 Million in Financings

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, June 03, 2026 (GLOBE NEWSWIRE) -- PyroGenesis Inc. (“PyroGenesis” or the “Company”) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a leader in ultra-high temperature processes and engineering innovation, and a plasma-based technology provider to heavy industry & defense, announces today that it has completed its previously announced “bought deal” offering (the “Offering”), pursuant to which the Company issued 12,514,875 units of the Company (the “Units”) for aggregate gross proceeds $4,255,057.50 (the “Offering”) at a price per Unit of $0.34 (the “Offering Price”), including the full exercise of the underwriter's option. The Offering was led by Research Capital Corporation as the sole underwriter and sole bookrunner (the “Underwriter”).