PyroGenesis Canada Receives CA$2.3 Million Payment from Radian for Drosrite Deployment

08:10 AM EDT, 10/19/2026 (MT Newswires) -- PyroGenesis Canada (PYR.TO) received a CA$2.3 million payment under a CA$25 million contract with Radian Oil and Gas Service for the deployment of seven Drosrite aluminum dross recovery systems. PyroGenesis received the payment based on a revised schedule reflecting pressures on the client's operating cash flow and the construction of a facility to house the Drosrite systems, which help aluminum producers recover metal from the waste stream known as dross, PyroGenesis said Monday. The payment is expected to positively impact PyroGenesis' financial results, including the reversal of previous impairment provisions. The company's shares closed down CA$0.02 to CA$0.21 Friday on the Toronto Stock Exchange.