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PyroGenesis completes purchase of its Montreal manufacturing facility, plans sale-leaseback to unlock value.

Company Fundamentals
03 Nov 2026, 21:06 WIB
GlobeNewsWire
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Bullish
PyroGenesis completes purchase of its Montreal manufacturing facility, plans sale-leaseback to unlock value.

PyroGenesis Inc. has finalized the purchase of its manufacturing facility located at 5655 Philippe-Turcot, Montreal, securing the property for $3.1 million after settling a legal dispute. The 40,902 sq. ft. facility houses its manufacturing, R&D, and office operations. The company plans to remain at the site and is negotiating a sale-leaseback agreement to unlock capital, which will help accelerate projects across its business segments. This move ensures long-term control of a strategic location while providing financial flexibility for growth.

PyroGenesis's purchase of its Turcot manufacturing facility provides context for readers following industrials. For readers following Industrials, here is Pluang's market snapshot as of Nov 04, 2026 01:41 WIB: out of 136 priced US Industrials stocks, 90 rose and 45 fell. Notable movers include FIX at USD 1,279.68 with a 1-day change of +6.63%, PLUG at USD 1.40 with +6.49%, and FCEL at USD 11.12 with +5.90%.

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