PyroGenesis Confirms Successful Primary Test Campaign with Leading Battery Recycler

Executive Summary

• PyroGenesis announced successful results from the primary testing phase of its high‑temperature plasma torch in a large‑scale lithium‑ion battery recycling project.
• The tests confirmed that plasma heating can effectively recover key minerals (Ni, Co, Cu, Li oxides) and meet performance, yield, and chemistry targets.
• A potential follow‑on purchase of up to six 1 MW plasma torches (or an equivalent 5 MW system) is being considered, with additional testing expected by the end of Q2 2026.

Key Details

• The primary testing campaign was conducted at PyroGenesis facilities and witnessed by client engineers; material samples were shipped to the client for further analysis.
• Testing confirmed anticipated outcomes for plasma‑based superheating in battery material recovery, supporting the viability of scaling the technology.
• Project scope: replace fossil‑fuel heating during lithium‑ion battery recycling; initial goal is an 1 MW plasma torch system, with possible expansion to five 1 MW units or a single 5 MW unit.
• Timeline: additional testing and go/no‑go decisions expected to be completed by the end of Q2 2026.
• The client has indicated potential need for multiple 5 MW plasma torch systems, though no firm purchase commitments have been made.
• Strategic impact highlighted: enables cleaner, closed‑loop battery recycling, reduces reliance on new mining, lowers emissions, improves operational efficiency, and strengthens supply security for critical minerals.

Notable Quotes

• “The test results we announced today confirm that plasma may be a valuable component in the manufacturing lifecycle… These results are an important first step in confirming the broad‑based impact that switching to plasma can have on this industry challenge.” – Mr. P. Peter Pascali, President and CEO