08:23 AM EDT, 04/09/2026 (MT Newswires) -- PyroGenesis Canada (PYR.TO), which saw its shares drop more than 9% yesterday, said Thursday it has sealed a deal to supply titanium powder to an unnamed company in Asia that manufactures electronic components. The powder will be delivered over the next few weeks.

The contract announced today will allow the client, a materials company supplying the Asian electronics market (specifically cell phone parts), to perform final testing and analysis of titanium powder Ti64 produced by PyroGenesis' ( PYRGF ) NexGen system, across three different particle sizes. Once this process is complete, and assuming all regulatory and trade agreements are certified, the client will require "multiple" tonnes of PyroGenesis' ( PYRGF ) titanium powder per year. Final volumes are to be determined over the next few weeks, a statement said.

Separately, the client is negotiating to be the official supplier of PyroGenesis' ( PYRGF ) titanium powder to the Asian electronics, medical, and aerospace industries.

"High-quality titanium powder for additive manufacturing is growing rapidly and is increasingly being adopted across industries such as electronics, where it is enabling the development of high-end, complex, and lightweight devices with enhanced performance and design flexibility," said chief executive Peter Pascali "Our NexGen titanium powder has now reached this level of performance, enabling it to serve a wide range of industries, including electronics, where advanced material properties are increasingly critical. We are hopeful that the contract announced today leads to both entry into that market and a long-term distribution agreement with our client."

PyroGenesis ( PYRGF ) shares closed down $0.045, to $0.445, on the Toronto Stock Exchange on Wednesday.