PyroGenesis delivers 3.5 tonnes titanium powder

Executive Summary

• PyroGenesis Inc. has delivered an initial 3.5 tonnes of titanium powder (specifically offcut Ti64) to a U.S. mineral and metal technology company under a new supply agreement.
• The powder was produced using PyroGenesis's proprietary NexGen plasma atomization process, marking one of the first commercial orders for this specific "offcut" material stream.
• The agreement establishes a recurring, as-needed supply relationship aimed at providing high-quality feedstock for critical industries such as aerospace, defense, and electric vehicles, while monetizing material that was previously stockpiled.

Key Details

• Transaction: Delivery of 3.5 tonnes of titanium powder under a new powder supply agreement.
• Product Specifications: The material consists of "offcut" titanium powder (Ti64) produced via the NexGen plasma atomization process. These are powders in particle sizes not currently utilized by existing commercial metal 3-D printers but retain consistent chemistry for industrial reprocessing.
• Customer: A U.S. mineral and metal technology company that uses patented technologies to produce high-performance alloys from titanium and other critical minerals.
• Supply Terms: The agreement covers recurring orders on an as-needed basis. The initial 3.5-tonne shipment has already been delivered.
• Financial Terms: Confidential for competitive reasons.
• Strategic Context: This order follows recent announcements for coarse and fine cut metal powders. It validates the market demand for offcut material, allowing PyroGenesis to monetize high-value byproducts and reduce waste.
• Market Outlook: The global 3-D printing market for titanium powder is projected to grow from $214 million in 2023 to $1.4 billion by 2032.
• Regulatory Status: Titanium is classified as a critical mineral by both Canada and the United States.

Notable Quotes

• "As the additive manufacturing market expands, the company is well positioned to take advantage of emerging opportunities. Along with our fine and coarse cut titanium powders, we now have a market for what we define as offcut material, which not only makes effective, sustainable use of a high-value byproduct of our NexGen process, but increases the revenue generated for each production run," said P. Peter Pascali, president and chief executive officer of PyroGenesis.
• "This contract reintroduces stockpiled high-value titanium into the supply chain, reducing waste and protecting the critical mineral supply. We look forward to this ongoing, recurring relationship with the client, an innovator in technology development for the metals and manufacturing sectors."