MONTREAL, Oct. 29, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. ("PyroGenesis") (TSX:PYR) (OTCQX:PYRGF) (FRA: 8PY1), the leader in ultra-high temperature processes & engineering innovation, and a plasma-based technology provider to heavy industry & defense, announces today that further to its press release dated October 1, 2025, the Company has completed the first tranche of the Second Unit Group of the previously announced non-brokered private placement (the "Private Placement") by issuing and selling an aggregate of 4,110,000 units (the "Units") of the Company at a price of $0.20 per Unit, for gross proceeds of approximately $822,000 to the Company. This tranche is slightly oversubscribed.

Each Unit within the Second Unit Group consists of one common share of the Company (a "Common Share") and one common share purchase warrant (the "Second Unit Group Warrant"), at a price of $0.20 per Unit. Each Second Unit Group Warrant entitles the holder to purchase one Common Share at a price of $0.40 for a period of twenty-four (24) months following the closing date.

The Common Shares and Warrants issued in connection with the Private Placement, and the Common Shares underlying the Warrants, will be subject to a statutory hold period of four months and one day from the date of the closing, in accordance with applicable securities legislation.

The Company previously announced (press release dated Oct. 16, 2025) the closing of the first tranche of the First Unit Group, selling an aggregate of 5,555,556 units of the Company at a price of $0.63 per Unit, for gross proceeds of approximately $3,500,000 to the Company.

Each Unit within the First Unit Group consists of one common share of the Company and one common share purchase warrant (the "First Unit Group Warrant"), at a ...