PyroGenesis Inc T.PYR

RE:Excellent updated summary of business lines of PYR by @ordos

[Thinkbigsti69]

Thinkbigsti69 wrote: @ordos Here is the updated summary of the current and prospective business lines that Pyrogenesis is working on: 1. HPQ Silicon a. Fumed Silica Reactor (FSR) - (!) Converted to 50% ownership of HPQ Polvere (fumed silica division of HPQ Silicon) - (!) HPQ Polvere entered into LOI with largest fumed silica producer in the world to collaborate on testing and tuning of the FSR pilot plant, Evonik Industries as of July 9th, 2024 - 50 TPY Pilot plant pre-commissioning started as of June 5th, 2024 b. Quartz Reduction Reactor (QRR) - Pilot plant commissioned, successful pour conducted, process fully verified, commercial plant design pending - Full capture of carbon oxide byproduct to be re-used as input reductant for QRR or mixed with green hydrogen to produce synthetic fuels. This increases margins and improves business case for QRR 2. Metal Production / Processing a. Iron i. Pelletization - global patent of plasma in iron ore pelletization, site acceptance testing in progress with Rio Tinto (fact), site acceptance testing by Vale (suspected) ("at own pace") b. Aluminum i. Carbon anode baking - joint pilot project ii. Scrap remelting / holding furnaces - pilot project with leading furnace manufacturer iii. Pot lining valorization - signed contract with Aluminerie Alouette - pilot technology advancement project iv. Transformation / Recycling - lab scale done, pilot contract signed with Constellium for large scale industrial furnace c. Steel i. (April 24, 2024) PyroGenesis Signs Energy Transition Contract with Leading Global Steelmaker to Consider Plasma Use in Primary Steel Production d. Magnesium i. Transforming mining waste and recycled minerals into high-value metal - pilot with international magnesium producer 3. Metal Recovery a. Aluminum Dross i. Drosrite systems, fully commercial ii. High value residual by-product - JV formed, lab / pilot stage iii. Formally purchased US based Drosrite International iv. 7 Drosrite systems for a major Saudi Arabian aluminum smelter via Radian Oil and Gas Services Co are already manufactured and 3 are in operation. 4 systems are pending delivery and installation. Client has requested delayed payments and recently has finally recommenced outstanding payments to Pyrogenesis. This relationship has high probability to produce more contracts in this space 4. Additive Manufacturing Materials. Switched to direct sales in Europe a. Titanium Powders i. Final approved obtained for coarse cut powder from major aerospace OEM, some by-the-ton sales happened already - In the process of getting added to approved suppliers' network for the OEM, for coarse cut powders. Expected to be completed by end of summer 2024 - In the process of getting final approval on fine cut powders for the same OEM ii. Spanish aerospace client - (April 30, 2024) Initial powder contract (fine cut 15-63µm) - (June 19, 2024) Second powder contract (fine cut 20-63µm) 5. Cement a. Progressive Planet collaboration to produce cement additive - lab scale results are outsanding, exceeding strength of classic cement. May 2, 2024, the Company and its client announced extremely positive lab strength test results for PozPyro that achieved up to 99.56% above the compressive strength targets for green cement additive products (!) Client is now raising funds for a pilot plant, where Pyrogenesis will be participating in design and construction b. Furnace system - pilot, U.S. Department of Energy & U.S. structural materials entity engaged in the development of advanced cement materials 6. Mining Supplies (parts / equipment) a. (April 17, 2024) Pilot to for cast houses of major mining parts supplier for mining industry 7. Tunneling a. Master agreement signed with EarthGrid PBC, non-refundable downpayment received, work order negotiation in progress pending completion of client's fundraising 8. Waste Destruction a. Military i. PAWDS - US Navy Aircraft Carrier systems - fully commercial and operating ii. PACWAD - Warfare destruction systems - fully commercial b. Civilian i. SPARC - fully commercial land based waste destruction systems ii. PFAS destruction - initial contract with large USA public water systems operator for development of high power torch system for proof of concept. Received milestone payments totalling $970,000 on April 25, 2024 iii. (!) PRRS - Plasma Resource Recovery System - originally negotiated contract for converting municipal waste to value products in Europe for $25-30MM in Q1 2024 now expanded to $115-160MM negotiations Speculated to be Boson Energy projects related. Boson Energy recently entered into collaboration with Siemens for up to 300 plants around the world of waste gasification using plasma 9. Renewable Natural Gas (PyroGreenGas division) - commercial systems - (June 11, 2024) Signed contracts totaling $2.5 million for engineering, design, and fabrication of a thermal swing adsorption (“TSA”) system for the dehydration of pure oxygen produced from electrolyzers at the Varennes Carbon Recycling (“VCR”) plant – a large biofuel production project currently under construction in Varennes, Quebec - (May 23, 2024) Contract with Global Steel Company for desulphurize coke oven gas - New project under advanced negotiation with an entity involved in biogas production, with an approximate contract value of $2 million 10. Hydrogen (turquoise) production - lab / pilot testing 11. Adhoc projects in various application fields and by request a. Specialty High Power Torch System 4.5MW (unnamed Aeronautics & Defense client) b. (!) Negotiating with a North American entity for the sale of plasma torch system (between 15-25MW), with a potential contract value of between $15-25 million c. Energy Transition Chemical Industry d. Emission Reduction Research

@ordos Here is the updated summary of the current and prospective business lines that Pyrogenesis is working on:

1. HPQ Silicon a. Fumed Silica Reactor (FSR) - (!) Converted to 50% ownership of HPQ Polvere (fumed silica division of HPQ Silicon) - (!) HPQ Polvere entered into LOI with largest fumed silica producer in the world to collaborate on testing and tuning of the FSR pilot plant, Evonik Industries as of July 9th, 2024 - 50 TPY Pilot plant pre-commissioning started as of June 5th, 2024 b. Quartz Reduction Reactor (QRR) - Pilot plant commissioned, successful pour conducted, process fully verified, commercial plant design pending - Full capture of carbon oxide byproduct to be re-used as input reductant for QRR or mixed with green hydrogen to produce synthetic fuels. This increases margins and improves business case for QRR

2. Metal Production / Processing a. Iron i. Pelletization - global patent of plasma in iron ore pelletization, site acceptance testing in progress with Rio Tinto (fact), site acceptance testing by Vale (suspected) ("at own pace") b. Aluminum i. Carbon anode baking - joint pilot project ii. Scrap remelting / holding furnaces - pilot project with leading furnace manufacturer iii. Pot lining valorization - signed contract with Aluminerie Alouette - pilot technology advancement project iv. Transformation / Recycling - lab scale done, pilot contract signed with Constellium for large scale industrial furnace c. Steel i. (April 24, 2024) PyroGenesis Signs Energy Transition Contract with Leading Global Steelmaker to Consider Plasma Use in Primary Steel Production d. Magnesium i. Transforming mining waste and recycled minerals into high-value metal - pilot with international magnesium producer

3. Metal Recovery a. Aluminum Dross i. Drosrite systems, fully commercial ii. High value residual by-product - JV formed, lab / pilot stage iii. Formally purchased US based Drosrite International iv. 7 Drosrite systems for a major Saudi Arabian aluminum smelter via Radian Oil and Gas Services Co are already manufactured and 3 are in operation.

4 systems are pending delivery and installation. Client has requested delayed payments and recently has finally recommenced outstanding payments to Pyrogenesis. This relationship has high probability to produce more contracts in this space 4. Additive Manufacturing Materials. Switched to direct sales in Europe a. Titanium Powders i. Final approved obtained for coarse cut powder from major aerospace OEM, some by-the-ton sales happened already - In the process of getting added to approved suppliers' network for the OEM, for coarse cut powders. Expected to be completed by end of summer 2024 - In the process of getting final approval on fine cut powders for the same OEM ii. Spanish aerospace client - (April 30, 2024) Initial powder contract (fine cut 15-63µm) - (June 19, 2024) Second powder contract (fine cut 20-63µm)

5. Cement a. Progressive Planet collaboration to produce cement additive - lab scale results are outsanding, exceeding strength of classic cement. May 2, 2024, the Company and its client announced extremely positive lab strength test results for PozPyro that achieved up to 99.56% above the compressive strength targets for green cement additive products (!) Client is now raising funds for a pilot plant, where Pyrogenesis will be participating in design and construction b. Furnace system - pilot, U.S. Department of Energy & U.S. structural materials entity engaged in the development of advanced cement materials

6. Mining Supplies (parts / equipment) a. (April 17, 2024) Pilot to for cast houses of major mining parts supplier for mining industry

7. Tunneling a. Master agreement signed with EarthGrid PBC, non-refundable downpayment received, work order negotiation in progress pending completion of client's fundraising

8. Waste Destruction a. Military i. PAWDS - US Navy Aircraft Carrier systems - fully commercial and operating ii. PACWAD - Warfare destruction systems - fully commercial b. Civilian i. SPARC - fully commercial land based waste destruction systems ii. PFAS destruction - initial contract with large USA public water systems operator for development of high power torch system for proof of concept. Received milestone payments totalling $970,000 on April 25, 2024 iii. (!) PRRS - Plasma Resource Recovery System - originally negotiated contract for converting municipal waste to value products in Europe for $25-30MM in Q1 2024 now expanded to $115-160MM negotiations Speculated to be Boson Energy projects related. Boson Energy recently entered into collaboration with Siemens for up to 300 plants around the world of waste gasification using plasma

9. Renewable Natural Gas (PyroGreenGas division) - commercial systems - (June 11, 2024) Signed contracts totaling $2.5 million for engineering, design, and fabrication of a thermal swing adsorption (“TSA”) system for the dehydration of pure oxygen produced from electrolyzers at the Varennes Carbon Recycling (“VCR”) plant – a large biofuel production project currently under construction in Varennes, Quebec - (May 23, 2024) Contract with Global Steel Company for desulphurize coke oven gas - New project under advanced negotiation with an entity involved in biogas production, with an approximate contract value of $2 million

10. Hydrogen (turquoise) production - lab / pilot testing 11. Adhoc projects in various application fields and by request a. Specialty High Power Torch System 4.5MW (unnamed Aeronautics & Defense client) b. (!) Negotiating with a North American entity for the sale of plasma torch system (between 15-25MW), with a potential contract value of between $15-25 million c. Energy Transition Chemical Industry d. Emission Reduction Research