PyroGenesis Announces a Binding Signed Contract to Acquire its Turcot Manufacturing Facility

MONTREAL, May 14, 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 an agreement has been signed in an out-of-court settlement of its action in the Superior Court of Quebec to order the owner of the property located at 5655 Philippe-Turcot, Montréal, Québec (the “Turcot Facility”), one of the Company's manufacturing facilities, to convey title of the property under PyroGenesis' contractual option to purchase. The settlement agreement allows PyroGenesis to acquire the Turcot Facility for a purchase price of $3.1 million, with all parties to the proceedings providing full and final releases as per a signed agreement which is to be homologated today in the Superior Court of Quebec.