P. Peter Pascali Updates Early Warning Report

• CEO P. Peter Pascali filed an updated early warning report (Form 62-103F1) on June 8, 2026.
• The filing details his acquisition of 5,882,352 units via a non-brokered private placement completed on June 4, 2026.
• Direct and controlled shareholding increased from 28.48% to 30.34% of issued and outstanding shares.
• The CEO also holds vested options and pre-closing warrants; hypothetical total ownership if all are exercised ranges from 32.94% to 36.15%.
• The Trust, Estate, and Foundation are classified as joint actors with Mr. Pascali.

• The news is a routine regulatory filing confirming insider ownership increases. It does not introduce new operational or financial data.
• The CEO's $2M investment at $0.34/unit provides minor sentiment support but occurs against a backdrop of a $6.2M dilutive financing and a -39% stock decline since the last earnings print.
• The market had already priced in the financing and liquidity concerns. The underlying facts (working capital deficit, receivable delays, going concern flag) diverge from the positive framing of an insider buy. The news is not market-moving and is classified as Routine - Negative.

• PyroGenesis Inc. develops proprietary plasma-based technologies for industrial decarbonization, advanced materials production, and hazardous waste processing.
• Core offerings include high-power plasma torches for aluminum/cement industries, the SPARC system for refrigerant destruction, and the NexGen plasma atomization system for titanium powder production.
• The business model relies on selling capital equipment, licensing technology, and pursuing joint ventures, supported by a large signed/awarded backlog but characterized by lumpy, milestone-driven revenue recognition.