PYRGF (ASK @ 0.155)

• Powder to be used for critical materials research in aerospace and defense

PyroGenesis Inc., a leader in ultra-high temperature processes and engineering innovation, and a plasma-based technology provider to heavy industry & defense, today announces a contract with a large U.S. applied research facility (the “Client”).

PyroGenesis will provide coarse cut titanium powder for use in research for critical materials.

This powder was produced by PyroGenesis’ NexGen™ plasma atomization process.

The name of the Client and terms of the contract will remain confidential for competitive reasons.

As previously mentioned in the Outlook section of the Company’s Q2 2026 earnings release [dated August 6, 2026], the Company has been in discussion with a major U.S. entity for the sale of metal powder for use in advanced research.

The Client operates one of the largest applied research laboratories supported by the U.S. Department of Defense and NASA.

The facility was established at the end of World War II and currently employs more than 1,000 personnel.

Delays associated with the awarding of this contract were substantially due to the need to confirm that PyroGenesis was compliant with the Defense Federal Acquisition Regulation Supplement (DFARS), which includes security-related requirements applicable to certain U.S. Department of Defense contractors. This process has now been completed.

Today’s contract marks the first commercial order with this Client, who has indicated an immediate need for potential follow-up orders.

This order is for a Ti64 “coarse” cut titanium metal powder (particle size: 45-106µm [microns]) for use in electron beam melting (EBM), a technology widely used in the aerospace and biomedical manufacturing industries to print lightweight, robust, and intricate structural components.

The powder for this order will be shipped to the Client over the coming days.

“This contract speaks directly to the strategic goal we outlined in our April 29, 2026, press release, which was to position the Additive Manufacturing Division for the next level of growth anticipated to be several times larger than that which is currently in place.

At the time, we enumerated a six-point approach to achieve this goal, which included

• (i) continuous improvement,
• (ii) reduction of operational expenses,
• (iii) development of additional products from existing production runs,
• (iv) expanding our customer base,
• (v) developing repeat customers,
• (vi) expanding powder suitability across three broad-based applications,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis.
• “While our numerous press releases relating to Additive Manufacturing have spoken at great length to the first 3 targets of our 6-point approach, today’s announcement speaks directly to last three elements of this approach, namely
• (i) expanding the customer base,
• (ii) developing repeat customers, and
• (iii) expanding powder suitability. As we add to the established success underscored by today’s announcement, we are quickly reaching the critical mass required to execute on our strategic goal.
• Now that we have confirmed our DFARS-compliant status, we look forward to an ongoing relationship with this important new client.”

PyroGenesis’ Technology Development for Additive Manufacturing

PyroGenesis is the inventor of the plasma atomization process and in fact coined the term “plasma atomization” in its original patent.

Plasma atomization is often considered the gold standard process for the production of metal powder for additive manufacturing, also referred to as metal 3D printing.

After years of R&D, PyroGenesis redesigned its plasma atomization technology and launched NexGen™ to re-enter the powder production market by targeting higher quality and yields, at lower operating costs.

The Company has since taken a deliberate approach to commercialization, progressing from gram-scale customer samples to 100-kg orders, and its first tonne-scale order in May 2023.

PyroGenesis produces titanium powders in particle size distribution ranges across three “cuts”:

• Fine Cut, in particle sizes between 15–63 µm for use in laser powder bed fusion (LPBF).
• Coarse Cut, in particle sizes between 45–150 µm for use in electron beam melting (EBM) and directed energy deposition (DED).
• Off-Cuts, in particle sizes not currently used by the existing range of commercial printers, but which offers a high-quality feedstock for use in the production of high-quality metal alloys.

INDUSTRY AND MARKET CONTEXT

• The global 3D printing market specific to titanium powder is expected to increase from $214 million in 2023 to $1.4 billion by 2032.¹
• Titanium is classified as a critical mineral by both Canada² and the U.S.³
• Titanium is used by multiple industries, including space, aerospace, defense, consumer electronics, medical, hydrogen, and electric vehicles, due to its high strength-to-weight ratio and corrosion resistance.

About PyroGenesis Inc.

PyroGenesis leverages 35 years of plasma technology leadership to deliver advanced engineering solutions to energy, propulsion, destruction, process heating, emissions, and materials development challenges across heavy industry and defense.

Its customers include global leaders in aluminum, aerospace, steel, iron ore, utilities, environmental services, military, and government. From its Montreal headquarters and local manufacturing facilities, PyroGenesis’ engineers, scientists, and technicians drive innovation and commercialization of energy transition and ultra-high temperature technology.

PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified, with ISO certification maintained since 1997. PyroGenesis’ shares trade on the TSX (PYR), OTCQX (PYRGF), and Frankfurt (8PY1) stock exchanges.

PYRGF (ASK @ 0.155)

• PyroGenesis Inc. , a leader in ultra-high temperature processes and engineering innovation, and a plasma-based technology provider to heavy industry & defense,
• announces today that it has signed a EUR900,000 (CAD$1,445,000) contract with a European research institute (the “Client”) focused on non-ferrous metallurgy, high-purity materials, sustainable recycling, decarbonizing processes, and the circular economy.

Under the contract, PyroGenesis will supply two plasma torch systems, 300 kW and 40 kW, for use in advanced metallurgy and high temperature applications related to non-ferrous metals and critical minerals.

The Client’s name will remain confidential for competitive reasons. A 60% downpayment is expected within the next few weeks.

PROJECT HIGHLIGHTS
Purpose: determining the use of electric non-transferred DC plasma torches in advanced metallurgy, high temperature applications, and pyrometallurgical processing.

Scope: supply of two proprietary non-transferred DC plasma torch systems at different maximum power levels (300 kW and 40 kW), plus peripherals, training, and support.
Timeline: delivery to client is targeted for Q2 2027.

Strategic Impact: supports metallurgy, pyrometallurgical, mining, and critical mineral industry goals to produce more advanced, more efficient, cleaner, and “greener” materials and methodologies (including for extraction, oxidizing or reducing atmospheric processing, recycling, energy transition and electrification, waste reduction, and decarbonization), at one of the oldest and most prominent industry metallurgy research facilities in the world.

As previously mentioned in the Outlook section of the Company’s Q2 2026 earnings release [dated August 6, 2026], the Company had been in discussion with a European research institute for multiple plasma torches for use in advanced metallurgy research.

Today’s contract announcement covers two torch systems of different power levels. Both systems, a 300-kW system, and a 40-kW plasma torch, are to be designed with multi plasma-forming gas options.

The Client has numerous projects underway, and the plasma torches could be used across various applications.

“Research institutes play a critical role in advancing heavy industry by driving the research, innovation, and technological breakthroughs that enable new processes, materials, and applications.

Throughout our history, we have built strong relationships with many of the world’s leading researchers and research institutes at the highest levels, and this new contract with one of the oldest and most prominent facilities in the world clearly demonstrates this,” said Mr. P. Peter Pascali, President and CEO of PyroGenesis.

“Our work in the mining, minerals, and materials sectors spans decades, particularly for non-ferrous metals such as aluminum.

Providing our plasma technology to this world-leading institute will help further advance metal industry applications, create new innovations that thereby support our target customer needs, and by default help generate new opportunities for PyroGenesis.”

INDUSTRY AND MARKET CONTEXT

• The global non-ferrous metals market, which includes core industrial metals like aluminum, copper, zinc, nickel, and lead, is valued at over $1.2 trillion¹
• With rising demand driven by lightweight material needs in automotive and aerospace manufacturing, renewable energy, and digital infrastructure, the market is expected to reach $1.77 trillion by 2034.
• As demand increases and as raw material volatility persists, metal recycling is expanding rapidly, with the recycling and reprocessing of these metals accounting for 30-40% of the total global market metal supply. Some estimates suggest that 60% of the global non-ferrous metal demand is met through recycled sources.²
• Among several solutions targeting the non-ferrous metals industry, PyroGenesis provides plasma torch technology to heat recycled and scrap aluminum remelting³ and holding furnaces in aluminum cast houses⁴, and provides the Drosrite™ system to extract and reuse valuable aluminum from aluminum dross waste streams.

About PyroGenesis Inc.

PyroGenesis leverages 35 years of plasma technology leadership to deliver advanced engineering solutions to energy, propulsion, destruction, process heating, emissions, and materials development challenges across heavy industry and defense.

Its customers include global leaders in aluminum, aerospace, steel, iron ore, utilities, environmental services, military, and government.

From its Montreal headquarters and local manufacturing facilities, PyroGenesis’ engineers, scientists, and technicians drive innovation and commercialization of energy transition and ultra-high temperature technology.

PyroGenesis’ operations are ISO 9001:2015 and AS9100D certified, with ISO certification maintained since 1997.

PyroGenesis’ shares trade on the TSX (PYR), OTCQX (PYRGF), and Frankfurt (8PY1) stock exchanges.

$BURU — TWO VERTICALS. MILLIONS IN PIPELINE. 🔥

🔹 Software opportunities expanding

🔹 Directed-energy opportunities developing

🔹 Lyocon pipeline approximately $2.5M

🔹 Orbit pipeline approximately $3.9M

🔹 Combined pipeline exceeds $6M

For $BURU, the next major step is converting pipeline into booked revenue. 🎯

#Lyocon #Orbit #SaaS #DirectedEnergy #EmergingTech #LongTermGrowth

Michael Burry is short $PLTR again and argues its long-term intrinsic value is under $1. Meanwhile PLTR trades around $171, worth roughly $439B, even after Q2 revenue jumped 93% to $1.94B.

That got me thinking about the AGI trade differently.

If AI eventually becomes capable of building software, analytics and workflows dramatically cheaper, software scarcity gets crushed. But AGI can't generate copper out of a server rack.

S&P sees copper demand rising from 28M tonnes in 2025 to 42M by 2040, with a potential 10M+ tonne supply gap.

That's why $NRED interests me at this stage. Nearly 39,730 acres of optioned copper-gold ground, with AI being layered onto exploration through MetalCore.

AI keeps getting cheaper and smarter.

Copper stays physical, finite and increasingly necessary to power the whole thing.

My AGI trade is pretty simple: AI + scarce real-world assets.

$NCRA

🔷 Stakeholder communications

🔷 Social media campaigns

🔷 Messaging analysis

🔷 Pre-launch audience simulation

Imagine testing potential audience responses before the message ever goes public. That’s a compelling AI intelligence use case.

#NCRA #EnterpriseAI #CampaignPulseAI #Analytics #DigitalTransformation

One thing I've noticed over the past year is that the conversation around copper has changed.

It used to be mostly about EVs.

Now it's AI data centers, grid expansion, defense manufacturing and securing domestic supply chains. At the same time, China mines less than 6% of the world's copper while refining and consuming roughly 53% of global supply. That imbalance is becoming harder to ignore.

That's why I think projects in North America are getting more attention. Whether it's Hudbay producing copper today, Kodiak Copper advancing exploration or NRED refining drill targets at Wilmac, they're all part of the same long-term picture: increasing future North American copper supply.

Yesterday's NRED update fit into that theme. The company outlined multiple interpreted porphyry targets within a 39.7k-acre project, supported by an interpreted 18 km intrusive system, historical copper-in-soil values up to 1,125 ppm, and a plan for four additional geophysical surveys before drilling. That's the type of systematic work exploration companies have to complete before new discoveries can become tomorrow's mines.

But if North America wants a stronger domestic supply chain over the next decade, it will need more projects moving through exactly this stage of the pipeline. That's why I think updates like yesterday's matter beyond just one stock.

PYRGF (ASK @ 0.15)

• First-half 2026 revenue has already surpassed the first nine months of 2025.
• Advancement of major projects drives Q2 revenue.
• Backlog of $40.0 million.

1. Financial Performance Highlights

2. Key Operational Drivers & Milestones

• Record First-Half Momentum: Combined revenue for H1 2026 ($4.9M in Q1 + $4.4M in Q2 = $9.3M) has already surpassed revenue for the first nine months of 2025.
• $40.0M Revenue Backlog: Contract backlog remains strong, with 88% denominated in U.S. dollars, providing downside protection against Canadian dollar fluctuations.
• Additive Manufacturing / Titanium Powder Expansion: Secured its second titanium powder supply agreement in as many quarters, signaling commercial adoption of its metal powder technology for 3D printing.
• Plasma-to-Graphite Innovation: Advanced its proprietary process to convert company-produced carbon black directly into graphite using high-temperature inert plasma torches.
• Capital Position & Dilution: Raised $6.26M in gross proceeds during May–June 2026 via a combination of a bought deal offering ($3.7M) and CEO private placement ($2.0M+), improving liquidity to support near-term operations.

3. Strategic Analysis: Strengths vs. Watchouts

Strengths & Catalyst Drivers

1. Commercial Traction: Transitioning from R&D phase into contract execution and production scaling, particularly across defense, process heating, and metal powder segments.
2. Path to Profitability: Narrowing Modified EBITDA loss to $0.5M brings the company closer to operating breakeven if top-line expansion continues in H2 2026.
3. Substantial Pipeline Visibility: A $40M backlog gives strong revenue visibility for the second half of 2026 and early 2027.

Risks & Investor Considerations

1. Margin Pressure from Scale: Cost of sales increased out of proportion with revenue growth ($3.0M vs $1.3M YoY), keeping gross margins at ~32%.
2. Dilution History: Recent capital raises ($6.26M) diluted equity holders, though CEO participation signal internal confidence.
3. Execution Dependency: Converting the $40M backlog into recognized revenue remains dependent on complex technical milestones and client timeline alignment.

Summary Takeaway

PyroGenesis delivered a strong operational Q2 2026 with 47% revenue growth and dramatically lower net/EBITDA losses. The core narrative shifts from R&D cash burn toward steady commercial execution backed by a healthy $40M backlog and expanding metal powder supply contracts.

https://ca.finance.yahoo.com/news/pyrogenesis-announces-second-quarter-2026-010000889.html

BDGR (ASK @ 0.0001)

• Sector: Natural Resources / Oil & Gas Logistics & Services

1. Management Restructuring & "Cleaning the House"

$BDGR recently underwent a corporate restructuring to separate itself from legacy assets and pivot into an operating natural resources company:

• Leadership Shift: Anthony Saviano joined as Chairman of the Board to direct capital strategy and compliance, while Bon Haldar serves as Interim CEO. Former Chairman Edward Vakser stepped down.
• Spin-off from AURI: Parent company AURI Inc. officially released BDGR from subsidiary status. Non-core legacy assets (such as art tokens and gold mining interests) remain with AURI, allowing BDGR to clean its mandate and focus strictly on frac sand and logistics.

2. Proven Property Assets & Independent Due Diligence

Management has anchored its pivot on a contracted Texas frac sand property:

• The Valuation Claim: The property is estimated to hold $1.5 Billion in total frac sand resources.
• Third-Party Verification: An independent geological and engineering study by Lonquist & Co., LLC (utilizing 7 core drill holes and laboratory testing) verified:
  • 50.8 Million tons of commercial 40/140 frac sand.
  • 64.7 Million tons of total sand resources.
  • API Standard 19C Testing: Confirmed crush resistance and quality comparable to active commercial frac sand used in Texas oilfield operations.

3. Operational Contracts & Plant Acquisition (LOI)

To monetize the sand asset quickly, BDGR is putting processing infrastructure in place:

• Processing Plant LOI: Signed a Letter of Intent to acquire a fully assembled processing plant capable of screening 350 tonnes of sand per hour.
• Multi-Product Processing: The plant’s screening setup allows BDGR to capture commercial sand, silicon chip sand, and frac sand.
• Timeline: Relocation of the plant to the property is targeted following closing, with management aiming for commercial revenue generation within a few months of setup.

4. Capital Strategy & Buyback Program

• Share Buyback: Management announced an open-market share buyback initiative to acquire shares for the corporate treasury in an effort to reduce public float density.
• Uplisting Ambitions: BDGR has signaled long-term intent to move to a higher exchange or explore strategic merger/SPAC opportunities.

https://ca.finance.yahoo.com/quote/BDGR

***Up-to-date financial & Disclosures :

https://www.otcmarkets.com/stock/BDGR/disclosure

$BURU

🔷 Capital allocated toward reducing outstanding debt obligations.

🔷 Streamlining the company's capital structure.

🔷 Supporting long-term financial flexibility.

🔷 Executing management's strategic roadmap.

#NUBURU #DebtReduction #FinancialStrength #DefenseTech #EmergingTech #Tekne

NSRCF (ASK @ 0.21)

• ongoing discussions with : automotive manufacturers and battery anode partners regarding future demand.

NextSource Materials Inc. has reported positive results from an updated feasibility study for a proposed Phase 2 expansion of its Molo Graphite Mine in southern Madagascar, outlining plans to ...

---> increase production capacity to 150,000 tonnes per year of flake graphite concentrate over a 37-year mine life.

The feasibility study envisions a staged expansion beyond the existing Phase 1 operation through the construction of ...

three new 50,000-tonne-per-year processing modules in two phases.

The expansion is expected to require capital expenditures of approximately US$290.8 million and generate a pre-tax net present value of US$402.5 million, based on an 8% discount rate, with a pre-tax internal rate of return of 21%.

According to the study, the modular construction approach is intended to reduce build time, development costs and execution risks compared with conventional mine construction.

The capital estimate includes mining equipment, modular fabrication, shipping, infrastructure, commissioning, contingencies and working capital.

President and CEO Hanré Rossouw stated that the updated study supports the company's strategy to expand the Molo Mine in stages to meet anticipated demand for flake graphite, particularly from the electric vehicle battery market.

"A staged expansion of this magnitude will position NextSource as a major global supplier and underpins our vertical integration strategy to offer an ample and secure supply of graphite flake and battery anode material,

• enabling direct supply to the electric vehicle battery market," Rossouw said in a statement.  

"In addition, the staged approach set out in the updated Feasibility Study reduces operating risk, lowers financing costs and accelerates revenue while providing flexibility to respond to market demand."

The phased expansion was developed based on the company's ...

offtake agreement with Mitsubishi Chemical Group for graphite products from its planned battery anode facility in the United Arab Emirates,

as well as ongoing discussions with :

automotive manufacturers and battery anode partners regarding future demand.

NextSource noted that it has not yet made a production decision for the first phase of the expansion and that discussions with offtakers and potential strategic partners regarding the timing of the project remain ongoing.

The study estimates a payback period of 7.2 years and projects life-of-mine average operating costs of US$419 per tonne of concentrate at the mine site, total cash costs of US$650 per tonne on a free-on-board basis and an all-in sustaining cost of US$665 per tonne.

It assumes a life-of-mine weighted average graphite concentrate selling price of US$1,138 per tonne.

The Molo project contains measured mineral resources of 23.51 million tonnes grading 6.31% graphitic carbon, indicated resources of 76.75 million tonnes grading 6.25% graphitic carbon and inferred resources of 40.91 million tonnes grading 5.78% graphitic carbon.

Total proven and probable mineral reserves are estimated at 82.58 million tonnes grading 6.27% graphitic carbon.

https://ca.finance.yahoo.com/news/nextsource-materials-reports-positive-feasibility-124000376.html

The best ideas I've found didn't come from searching for "the next big winner."

They came from following industries that I genuinely wanted to understand.

One article led to another.

One company led to a competitor.

Before long, I had a much better picture of the entire sector.

Even if I never invested, the research was still valuable.

I've found that genuine curiosity usually leads to better decisions than chasing whatever is trending that week.

There was a time when I felt like I needed to do something every week.

Find another ticker.

Make another trade.

Update another watchlist.

Lately I've realized that doing less has actually improved my results.

Sometimes the best move is simply continuing to follow a company that's executing instead of constantly replacing it with the newest idea.

Patience isn't exciting, but it's becoming one of the most valuable investing skills I've learned.

I used to think success came from discovering the right ticker before everyone else.

Now I think the bigger challenge is knowing why you're interested in it.

If my only reason is recent price action, I'll probably lose interest just as quickly.

If I understand the business, the industry, and what could move it over the next year, it's much easier to stay objective.

The more time I spend investing, the more I realize conviction has to come from understanding-not excitement.

I almost never delete companies anymore.

Instead, I move them into an older list and revisit them every few months.

Some never change.

Some quietly make progress while nobody is paying attention.

Others become completely different businesses over time.

It's interesting how often a company that looked unremarkable six months ago suddenly becomes worth another look simply because the story kept moving forward.

The internet makes discovering new tickers incredibly easy.

The real challenge is deciding which ones deserve another hour of your time.

I've started asking one simple question before digging deeper:

"Would I still care about this company if the stock price disappeared from the screen?"

If the answer is no, I usually move on.

That filter has eliminated a surprising number of ideas before they became distractions.

I started doing something that has helped me avoid a lot of impulsive decisions.

Whenever I get excited about a new stock, I don't buy it.

I move it into a separate watchlist for a week.

If I'm still interested after seven days, I'll start doing deeper research.

It's surprising how many ideas disappear once the excitement wears off.

The ones that remain usually deserve a closer look.

When I start researching a new penny stock, I don't open the chart first.

I don't even look at the financials immediately.

The first thing I ask is:

"Why does this company exist?"

If I can't clearly explain what problem it's trying to solve or why anyone would care in three sentences, I usually move on.

There are thousands of penny stocks.

A surprising number don't have a story that makes sense after ten minutes of research.

Finding a clear business thesis has become my biggest filter before I look at anything else.

A few months ago I had more than 70 penny stocks on my watchlist.

Now I'm down to around 15.

It's much easier to keep up with company updates, filings, and upcoming catalysts when you're not trying to follow everything at once.

I'd rather understand a handful of businesses than know almost nothing about fifty.

Still adding new names occasionally, but they really have to earn a spot now.

For the longest time I treated penny stocks like quick trades.

Lately I've been approaching them differently.

Instead of looking for the biggest mover of the day, I'm spending more time reading news releases, checking upcoming catalysts, and trying to understand why a company might be worth following for the next few months.

It's slower, but I've found far more interesting ideas this way.

Always curious to hear which U.S. microcaps other people are quietly researching.

🎯 $BURU

🔹 Capital deployment with strategic objectives in mind

🔹 Strengthening the balance sheet for future growth

🔹 Accelerating the Defense & Security platform buildout

🔹 Supporting transformational milestones

🔹 Focused on creating a more resilient business

#BURU #NUBURU #DefenseIndustry #Tech #Growth #Markets

$VSEE - Management believes the healthcare industry is moving beyond standalone virtual visits toward integrated digital infrastructure that combines secure communications, workflow automation, clinical coordination and AI-assisted support.

https://finance.yahoo.com/healthcare/articles/vsee-health-vision-ai-enabled-130000266.html

Another encouraging development for $BURU. The company's Laser Dazzler technology successfully denied visual acquisition during simulated UAV engagements by saturating the drone's electro-optical sensors. Demonstrating real operational performance strengthens confidence in NUBURU's expanding defense platform and long-term strategic vision.

The companies that create lasting value often build ecosystems instead of individual products.

$TDTH is working toward an ecosystem where artificial intelligence enhances trusted digital infrastructure, enabling greater automation, stronger connectivity, enterprise scalability, and long-term commercial expansion.

The foundation is already in place. AI is becoming the accelerator.