<div id="readability-page-1">01:25 PM EDT, 05/14/2026 (MT Newswires) -- PyroGenesis ( PYRGF ) on Thursday said it reached an out-of-court settlement with the owner of its Turcot manufacturing facility in Montreal to sell it to the company for $3.1 million.The company in 2022 exercised an contractual option to acquire the plant in for $2.75 million, but the owner refused to sell and PyroGenesis ( PYRGF ) launched a suit to force compliance in Quebec Superior Court. The court is expected to approve the settlement today.This property is the company's 40,902 square feet facility. The Turcot facility is located about 6.2 kilometers from its downtown Montreal headquarters.&#34;This is great news, as we have managed to not only secure our key factory location for the long term, but we have also acquired an asset of significant value for our stakeholders,&#34; chief executive Peter Pascali &#34;Our purchase price of approximately $76/sq. ft. is significantly under the current market price for this area ... A sale-leaseback structure could quickly unlock this value which the company could use to accelerate projects in its various businesses. We look forward to initiating sale-leaseback discussions with interested parties, very soon.&#34;Shares of the company were last seen down $0.01 to $0.43 on the Toronto Stock Exchange.Price: 0.43, Change: -0.01, Percent Change: -2.27 MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</div>

PYRGF

MADE

PyroGenesis 已達成庭外和解，以 310 萬美元收購其位於蒙特利爾的 Turcot 製造設施。該公司此前行使了以 275 萬美元購買該工廠的選項，但遭到業主的抵制，導致訴訟。該和解預計將獲得魁北克高等法院的批准。首席執行官 Peter Pascali 強調了確保該設施的長期利益，以及通過銷售回租結構為利益相關者釋放價值的潛力。該公司的股票在多倫多證券交易所下跌了 2.27%，至 0.43 美元

PyroGenesis 達成庭外和解協議，以收購其 Turcot 製造廠