MONTREAL, July 03, 2024 (GLOBE NEWSWIRE) — PyroGenesis Canada Inc. (the “Company” or “PyroGenesis”) (http://pyrogenesis.com) (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY), a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions which are geared to reduce greenhouse gases (GHG) and address environmental pollutants, is pleased to announce that up to 4,107,850 common share purchase warrants (the “Warrants”) will be amended. Of the 4,107,850 Warrants, (i) 697,500 Warrants have currently an exercise price of $1.75 and expire on October 19, 2024, (ii) 2,380,350 Warrants currently have an exercise price of $1.25 and expire on March 7, 2025, and (iii) 1,030,000 Warrants currently have an exercise price of $1.25 and expire on July 21, 2025. Commencing on July 17, 2024, the exercise price of the Warrants held by holders wishing to participate in this repricing will be reduced to $0.75 per share. Those Warrants would also be amended to provide that if at any time before their expiry date, the closing price of the Common Shares on the Toronto Stock Exchange (“TSX”) is greater than $0.9375 (such amount being 125% of $0.75) over any 5 consecutive trading days, the Company will be entitled, within 15 days of the occurrence of such event, to accelerate the expiry date of the Warrants to the date that is 30 days following the date that notice of such acceleration is provided. Such notice shall be deemed to have been provided upon either the email notification of the holders of such Warrants or the issuance of a press release by the Company announcing the achievement of the acceleration event. All other terms of all the Warrants will remain unchanged. The implementation of the repricing and amendments remain subject to the finalization of the documentation with the applicable holders of Warrants.