PyroGenesis Announces $3.0 Million Bought Deal LIFE Offering and Concurrent CEO Private Placement of up to $2.0 Million

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES MONTREAL, May 19, 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 and defense, announces today that it has entered into an agreement with Research Capital Corporation ("RCC") to act as the sole underwriter and sole bookrunner (the "Underwriter"), pursuant to which the Underwriter has agreed to purchase, on a "bought deal" basis pursuant to the Listed Issuer Financing Exemption ("LIFE"), 8,825,000 units of the Company (the "Units") for aggregate gross proceeds to the Company of $3,000,500 (the "Offering") at a price per Unit of $0.