PyroGenesis Canada Inc. announce that, further to its Third Quarter 2021 financial results press release, a factory acceptance test (“FAT”) for the use of its plasma torches in iron or pelletization has now been scheduled to be completed with Client A. This FAT is scheduled to be conducted between February 2nd and February 14th, 2022. As previously disclosed, Client A is a multi-billion-dollar international producer of iron ore pellets, one of the largest in the industry, whose name will remain confidential for competitive reasons. The Client, which has committed to reduce its GHG emissions, has over ten (10) plants, each possibly requiring up to 50 plasma torches.

PyroGenesis has the only patented process in the iron ore pelletization industry designed to replace “dirty” fossil fuel burners with environmentally friendly plasma torches, thereby greatly reducing emissions.