PyroGenesis Signs Plasma-Based Contract With Leading Battery Recycler

Executive Summary

• PyroGenesis Inc. announced the signing of a confidential contract with one of the world’s largest battery recyclers to test its high‑temperature plasma technology for lithium‑ion battery material recovery.
• The testing program will run from Q4 2025 through Q1 2026 and aims to replace fossil‑fuel heating in the recycling process, supporting a cleaner, all‑electric supply chain.
• The partnership underscores PyroGenesis’ strategic focus on sustainable energy transition and positions the company to play a role in the growing EV battery‑recycling market.

Key Details

• Purpose: Evaluate plasma for replacing fossil‑fuel heating during lithium‑ion battery recycling.
• Scope: Testing of PyroGenesis plasma technology to superheat materials and recover cathode/anode minerals (nickel, cobalt, copper, lithium oxides, etc.).
• Timeline: Q4 2025 – Q1 2026.
• Client: One of the largest global battery recyclers (name and contract value withheld for confidentiality).
• Strategic Impact:
• Supports client’s goal of all‑electric operations and a more sustainable supply chain.
• Reduces reliance on new mining by enabling second‑life use of retired EV batteries.
• Aligns with projected growth in end‑of‑life lithium‑ion batteries (estimated 20,500 kt by 2040 vs. 900 kt in 2025).
• Previous Disclosure: The contract was hinted at in the Outlook section of PyroGenesis’ Q2 earnings release, where negotiations with a North American battery recycler were mentioned.
• Quote – President & CEO Peter Pascali: “As the use of lithium‑ion batteries increases… closed‑loop remediation systems that can recover viable minerals … will help battery and vehicle manufacturers shield themselves against volatile raw material pricing and critical mineral access while reducing carbon footprint and improving efficiency.”

Notable Quotes

“Companies like our client, who are using advanced technology while placing emphasis on all‑electric processes – including those that may benefit from PyroGenesis’ plasma – will help battery and vehicle manufacturers shield themselves against volatile raw material pricing and critical mineral access while reducing carbon footprint and improving efficiency.” – Peter Pascali, President & CEO, PyroGenesis Inc.