PyroGenesis Canada Inc. announced the receipt of a USD 3 million (CAD 4.1 million) payment of an outstanding receivable under the Company's existing CAD 25+ million Drosrite contract. As previously announced, PyroGenesis contracted with Drosrite International LLC, which was in turn contracted by Radian Oil and Gas Services Company for an order of seven (7) DrosriteTM aluminum dross recovery systems. The first three systems were manufactured by the Company and delivered and are in full commercial operation for the Ma'aden aluminum plant in Ras Al- Khair Saudi Arabia, a joint venture corporation with Alcoa. The facility at Ras Al-Khair is known to be the largest and most efficient vertically integrated aluminum complex in the world and boasts one of the world's largest smelters1.

The remaining four DrosriteTM systems under the contract have already been manufactured and are expected to be delivered to the end client's operations in Saudi Arabia. PyroGenesis' involvement in developing Drosrite aluminum dross recovery systems is part of the Company's three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. Dross recovery is part of the Company's Commodity Security and Optimization tier, where the recovery of viable metals, and the optimization of production to increase output, helps to maximize raw materials and improve the availability of critical minerals.