Yearly Archives :

2020

PLAN Closes Flow-Through Private Placement

PLAN Closes Flow-Through Private Placement 150 150 Progressive Planet Inc.

Vancouver, Dec 29, 2020 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or “Progressive Planet”), an emerging leader in the commercialization of natural pozzolans to reduce the carbon footprint of cement production, is pleased to announce that is has closed the “flow-through” financing it announced on December 22, 2020. The financing was fully subscribed.

There were 2,500,000 flow-through units issued under the private placement at $0.10 per flow-through unit, for gross flow-through proceeds of $250,000. Each flow-through unit consisted of one “flow-through” common share and one-half of a warrant, each whole warrant exercisable at $0.15 per share for a period of twelve months.

Use of proceeds will be for continued exploration on the Company’s 100% owned Heffley Creek Metals and Pozzolan Property in BC. A director of the Company subscribed for 800,000 units of this flow through financing. There were no finder’s fees paid on the flow through financing.

All securities issued under these financings will be subject to a statutory four month hold period.

 

ABOUT PROGRESSIVE PLANET

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.

Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, BC and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

For further information or investor relations inquiries, please contact us:

1-800-910-3072
[email protected]
www.progressiveplanet.ca

 

Forward-Looking Statements:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PLAN Engages The Howard Group to Direct Capital Market Communications Programs

PLAN Engages The Howard Group to Direct Capital Market Communications Programs 150 150 Progressive Planet Inc.

Vancouver, December 23, 2020 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or “Progressive Planet”), an emerging leader in the commercialization of natural pozzolans to reduce the carbon footprint of cement production, is pleased to announce that it has engaged The Howard Group Inc. (The Howard Group) as its investor relations communications advisor to direct both traditional and online initiatives targeting the investment community and retail investing groups.

The Agreement is for one-year commencing December 22, 2020. The total remuneration payable to The Howard Group will be $87,000 plus GST. In addition, The Howard Group will be granted options under PLAN’s incentive stock option plan to acquire five hundred thousand (500,000) common shares of the Company with the exercise price equal to the closing price of PLAN’s shares on December 23, 2020 or $0.10 per share, whichever is greater. These options have a term of three years and will vest quarterly over the one-year term.

The Howard Group Inc. is based out of Calgary, AB and its sole principal is Grant Howard.  Neither the Howard Group or Grant Howard currently own any securities of Progressive Planet. The Howard Group intends to invest in 350,000 units of the hard dollar private placement announced by PLAN on December 21, 2020 for a total of $35,000.

The Agreement is subject to the approval of the TSX Venture Exchange.

Since 1988, The Howard Group has provided comprehensive investor outreach and capital markets programs, financing assistance, business development solutions and strategic planning to public companies.

In addition, The Howard Group will be providing an ongoing commentary on Progressive Planet’s activities through its “Insight” blog. Interested parties are encouraged to subscribe to the commentary feed:

 

https://howardgroupinc.com/howard-group-blog/.

 

ABOUT PROGRESSIVE PLANET

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.

Progressive Planet operates its flagship Z1 Zeolite Quarry in Cache Creek, BC and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

 

For further information or investor relations inquiries, please contact us:

1-800-910-3072
[email protected]
www.progressiveplanet.ca

 

or

 

Jeff Walker
Vice President
The Howard Group Inc.
Email: [email protected]
Tel: 403-221-0915
Toll Free: 1-888-221-0915

 

Forward-Looking Statements:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PLAN Announces Private Placements

PLAN Announces Private Placements 150 150 Progressive Planet Inc.

Vancouver, Dec 22, 2020 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or “Progressive Planet”), an emerging leader in the commercialization of natural pozzolans to reduce the carbon footprint of cement production, is pleased to announce two financings for aggregate gross proceeds of up to $550,000.  

The first financing consists of a non-brokered private placement of up to 3,000,000 units at $0.10 per unit (the “hard dollar financing”), for gross proceeds of up to $300,000.  Each such unit will consist of one share and one warrant exercisable at $0.15 per share for a period of 24 months from issuance. Use of proceeds will be for general working capital. Countryman Investments Ltd., a company of which David Richardson is the principal, intends to subscribe for 1,000,000 units in this placement.  Mr. Richardson is a “control person” of the Company by reason of holding, directly and indirectly, more than 20% of the Company’s current issued and outstanding shares. 

The second financing consists of a non-brokered “flow-through” private placement of up to 2,500,000 units at $0.10 per flow through unit, for gross flow through proceeds of up to $250,000. Each flow through unit will consist of one “flow through” common share and one-half of a warrant, each whole warrant exercisable at $0.15 per share for a period of twelve months. Use of proceeds will be for continued exploration on the Company’s 100% owned Heffley Creek Base – Precious Metal and Pozzolan Property in BC. A director of the Company intends to subscribe for 800,000 units of this flow through financing.

Eligible finders may receive a 5% cash finders’ fee and 5% finder’s fee warrants on the hard dollar financing only, subject to TSXV requirements. Finder’s fee warrants will have an exercise period of 12 months, and an exercise price equal to $0.10 per share. There will be no finder’s fees paid on the flow through financing.  

All securities issued under these financings will be subject to a statutory four month hold period. 

 

ABOUT PROGRESSIVE PLANET

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.

Progressive Planet operates its flagship Z1 Zeolite Quarry in Cache Creek, BC and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

For further information or investor relations inquiries, please contact us:

1-800-910-3072
[email protected]
www.progressiveplanet.ca

 

Forward-Looking Statements:

Neither the TSX Venture Exchange nor it’s Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

PLAN Completes 2020 Summer Exploration Program with Positive Results at Heffley Creek Property

PLAN Completes 2020 Summer Exploration Program with Positive Results at Heffley Creek Property 150 150 Progressive Planet Inc.

Vancouver, December 18, 2020 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or “Progressive Planet”), an emerging leader in the commercialization of natural pozzolans to reduce the carbon footprint of cement production, is pleased to announce that it has completed the 2020 Summer Exploration program with positive results on its 100% owned Heffley Creek  Metals and Pozzolan Property in BC.  PLAN has progressively reported through the summer of 2020 the results and discovery of a nickel and chromium soil anomalies, which were then confirmed by detailed rock sampling.  The nickel and chromium anomalous area ranges from 150 to 300 metres in width and 600 to 800 metres in length (PLAN October 28, 2020).

The summer program consisted of soil sampling (459 soil samples), rock sampling (271 rock samples) and prospecting.

A total of 271 rock samples have submitted for analysis and all results have been received to date.  Of the 271 samples, 84 (31%) returned values greater than 0.1% nickel and 43 (15.9%) of those samples returned values greater than 0.2% nickel, with the highest value being 0.27% nickel.  The results are illustrated on Figure 1.

Of the 271 rock samples, 59 (21.8%)  samples returned values greater than 0.2% chromium and 13 (4.8%) of those samples returned values greater than 0.4 % chromium with the highest values being 0.66% chromium.  The results are illustrated on Figure 2.

Figures 1 and 2 illustrates the coincident anomalous nickel and chromium sample locations in an area ranging from 150 to 350 metres in width and 600 to 800 metres in length.  The anomalous area is still open along strike to the south into an area of little outcrop.  This anomalous trend is coincident with the previously identified nickel in soil anomaly reported on August 5, 2020.

The anomalous nickel and chromium grab samples were collected in altered leuco-gabbro and serpentinite rocks. There are 2 anomalous nickel – chromium samples (+ 0.1 % Ni and + 0.1% Cr) 500 metres to the south along this trend.  The area between the 2 anomalous trends will be sampled in detail in the future, but with the lack of outcrop in this area and the beginning of snow fall at the high elevation of the area, this work will commence in the Spring of 2021.

All rock samples were also analyzed for gold.  A total of 9 (3.3%) grab samples returned values over 0.1 g/t gold with the highest grab sample returned 0.6 g/t gold.  Figure 3 illustrates the location of the anomalous gold samples within an area approximately 200 metres wide by 800 metres long with abundant quartz boulders and gabbroic bedrock with quartz stringers and veins.  There is no correlation with gold and the nickel – chromium.

All samples are not necessarily representative of the mineralization hosted on the property.

“I am very pleased with the results of the overall summer exploration program with the discovery of the nickel – chromium soil anomaly, then verifying the soil anomaly with rock sampling and then defining of the nickel – chromium anomaly in width and in length” indicated Dwayne Melrose, Director and Technical Advisor for PLAN. “There are still remaining identified nickel – chromium samples outside of the main anomalous area plus the elevated gold samples that have to be followed up in 2021.  All data from the summer program will be complied and interpreted to define the 2021 summer exploration program.”

“The discovery of anomalous chromium values of up to 0.66% in conjunction with the nickel values increases the value of the rock. Stainless steels contain at least 10.5% chromium, so there is a robust market for nickel and chromium. PLAN will begin the process of applying for a drill permit in January 2021,” stated Steve Harpur, CEO.

As part of the check analysis program, 62 rock samples selected and were re-analyzed using Whole Rock Fusion/X-Ray Fluorescence Spectroscopy (XRF) at the ALS Canada metallurgical facility in Kamloops.  XRF reported an increase of chromium content compared to the 4 acid digestion ICP that was initially used. To verify the chromium results and as a further check, all rock samples were then subjected to Whole Rock Fusion/X-Ray Fluorescence Spectroscopy (XRF) and conducted by ALS Canada Geochemical Division.  The comparison of the XRF results with the original 62 XRF check samples have a very high repeatability.  When comparing the two analytical methods for chromium results, the XRF values on average returned higher chromium values at an average ratio of 1.6 times.  As the XRF method is a more precise method, all chromium results reported in this release and in the future will be based of the XRF analytical method.

Analyses were completed by the Metallurgical division and also the Geochemical division of ALS  Canada.  Base metal contents were measured by aqua-regia digestion and analysis on ICP-AES. The Precious Metals analyses were completed on all samples using fire assay fusion followed by AA finish (Au) or ICP finish (Pt and Pd) to measure gold, platinum, and palladium. Silver was measured using aqua regia digestion. All rock samples were also analyzed by 14 element Whole Rock Fusion/X-Ray Fluorescence Spectroscopy (XRF).

Dwayne Melrose, P. GEO, a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the contents of this news release.

Update on Testing with University of Alberta

PLAN received written notification from the University of Alberta that due to access restrictions effective from December 14, 2020 through to a minimum of January 11, 2021, no testing work can be completed on the five tests which were contracted for completion with U of A as announced in a news release on August 20, 2020. “While this news is disappointing, we recognize that the safety of research staff is paramount during these unprecedent times. PLAN will evaluate other options to accelerate final testing of its PozGlass SCM product. PozGlass SCM was developed by PLAN to replace fly ash in concrete,” stated Steve Harpur, CEO.

 

ABOUT PROGRESSIVE PLANET

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.

Progressive Planet operates its flagship Z1 Zeolite Quarry in Cache Creek, BC and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

 

For further information or investor relations inquiries, please contact us:

1-800-910-3072
[email protected]
www.progressiveplanet.ca

 

Forward-Looking Statements:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

PLAN Sells Private Company Shares to Finalize Focus on BC Assets

PLAN Sells Private Company Shares to Finalize Focus on BC Assets 150 150 Progressive Planet Inc.

Vancouver, November 24, 2020 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or “Progressive Planet”), an emerging leader in reducing the carbon footprint of cement products using natural pozzolans, is pleased to announce it has sold and optioned a combined total of 10 million of its 10.5 million shares of Snow Lake Resources.

The sale and option agreements were made with two arms-length purchasers. The first sale was for 1,700,000 shares at $0.04 per share for a total of $68,000 and includes an option granted by PLAN entitling the same party to purchase an additional 4,966,666 shares at $0.04 per share until May 11, 2021. The second sale was for 1,250,000 shares at $0.04 per share for a total of $50,000 and includes an option granted by PLAN to such party to purchase an additional 2,083,334 shares until August 14, 2021. As at the date of this news release, PLAN has received $116,000 and will receive another $284,000 if the remaining shares are purchased under the option agreements.

The sale of this non-core asset is the final step in focusing PLAN on developing its portfolio of assets in the Kamloops area of BC. The map below shows the location of the 3 mineral properties and the comminution plant.

MAP OF PLAN’s BC ASSETS

PLAN intends to use the funds from this sale to purchase larger equipment for its Comminution Plant in Spallumcheen, BC, which in turn will support revenue growth. The comminution plant finished commissioning in late August 2020 and is producing and shipping product on an ongoing basis. The plant currently has a backlog of orders from customers.

“The Snow Lake Resources shares represented a minority interest in a company that is focused on minerals outside our area of interest. This asset was recorded on our balance sheet at a value of $135,388. If the options are exercised, we will receive a total of $400,000 for 10 million of these shares. Our sole focus going forward is to develop our pozzolan and metals properties in BC while growing our bricks and mortar business of making rock powders,” stated Steve Harpur, CEO.

 

ABOUT PROGRESSIVE PLANET

Progressive Planet is an emerging leader in reducing the carbon footprint of cement products using natural pozzolans to replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.

Progressive Planet operates its flagship Z1 Zeolite Quarry in Cache Creek, BC and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. Progressive Planet also operates a Comminution Facility in Spallumcheen, BC. All three properties and the Comminution Plant are all within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

For further information or investor relations inquiries, please contact us:

1-800-910-3072
[email protected]
www.progressiveplanet.ca

 

Forward-Looking Statements:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PLAN Expands Confirmed Nickel in Bedrock Source and Announces Anomolous Chromium in Bedrock at Heffley Creek Property

PLAN Expands Confirmed Nickel in Bedrock Source and Announces Anomolous Chromium in Bedrock at Heffley Creek Property 150 150 Progressive Planet Inc.

Vancouver, October 28, 2020 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or “Progressive Planet”), an emerging leader in the commercialization of natural pozzolans to reduce the carbon footprint of cement production, is pleased to announce that it has expanded the confirmed bedrock source for the nickel in soil anomaly that PLAN reported on August 5 and 17, 2020 on its 100% owned Heffley Creek  Metals and Pozzolan Property in BC.  PLAN also reports multiple samples with anomalous levels of chromium. The latest sampling has identified  a correlation between the elevated nickel and elevated chromium values.

Based on the soil survey results reported on August 5, 2020 and confirmation of a bedrock source reported on August 17, 2020, PLAN continues its systematic rock sampling program to confirm the soil sample results and to define the limits of the nickel in bedrock anomaly.

A total of 218 samples have been collected and submitted for analysis to date. A total of 161 rock sample results have been received to date.  Of the 161 grab samples, 37 (23%) returned values greater than 0.1% nickel and 10 (6.2%) of those grab samples returned values greater than 0.2% nickel, with the highest value being 0.26% nickel. Of the 161 grab samples, 18 (11%) returned values greater than 0.1% chromium and 5 (3.1%) of those samples returned values great than 0.2 % chromium with the highest values being 0.45% chromium.  All samples were grab samples and are not necessarily representative of the mineralization hosted on the property.

Figure 1 illustrates the anomalous nickel grab samples in an area ranging from 150 to 350 metres in width and 600 to 800 metres in length.  The anomalous area is still open along strike to the south into an area of little outcrop.  This anomalous trend is coincident with the previously identified nickel in soil anomaly reported on August 5, 2020.

Figure 2 illustrates the anomalous chromium grab samples in an area ranging from 150 to 350 metres in width and 600 to 800 metres in length.  The anomalous area is still open along strike to the south into an area of little outcrop.  A comparison of the two maps reveals the correlation between the elevated nickel and chromium values.

The anomalous nickel and chromium grab samples were collected in altered leuco-gabbro and serpentinite rocks. Further rock sampling on the property in the area of the nickel in soil anomaly is currently in progress.  There are 2 anomalous nickel – chromium samples (+ 0.1 % Ni and + 0.1% Cr) 500 metres to the south along this trend.  The area between the 2 anomalous trends will be sampled in detail in the future, but with the lack of outcrop in this area and the beginning of snow fall at the high elevation of the area, this work will commence in the Spring of 2021.

Figure 1

Figure 2

“I am very pleased with the results of outcrop sampling which consistently confirmed a bedrock source for the nickel in soil anomaly” indicated Dwayne Melrose, Director and Technical Advisor for PLAN. “The identified nickel – chromium anomaly is continually being extended in length, and our future plans will focus on the area of little outcrop between the anomalous samples to the south.”

“The discovery of anomalous chromium values of up to 0.45% in conjunction with the nickel values increases the value of the rock. Stainless steels contain at least 10.5% chromium, so there is a robust market for nickel and chromium. PLAN continues to accelerate its exploration program at Heffley Creek for the remainder of 2020. We will continue sampling bedrock until the snow arrives. We anticipate drilling this property in 2021 while also obtain bedrock samples in the 500-meter area between the 800-meter strike length to the north and the anomalous samples taken in the south.” stated Steve Harpur, CEO.

Analyses were completed by the Metallurgical division of ALS Canada.  Base metal contents were measured by aqua-regia digestion and analysis on ICP-AES. Dwayne Melrose, P. GEO, a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the contents of this news release.

 

ABOUT PROGRESSIVE PLANET

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.

Progressive Planet operates its flagship Z1 Zeolite Quarry in Cache Creek, BC and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

 

For further information or investor relations inquiries, please contact us:

1-800-910-3072
[email protected]
www.progressiveplanet.ca

 

Forward-Looking Statements:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PLAN Closes Private Placements

PLAN Closes Private Placements 150 150 Progressive Planet Inc.

Vancouver, Sep 30, 2020 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or
“Progressive Planet”), an emerging leader in the commercialization of natural pozzolans to reduce
the carbon footprint of cement production, is pleased to announce the closing of its two financings
for aggregate gross proceeds of $304,750.

There were 3,150,000 non-flow through units issued under the private placement at $0.065 per
unit, for gross proceeds of $204,750. Each unit consisted of one share and one half warrant
exercisable at $0.10 per share for a period of twelve months from issuance.

There were 1,250,000 flow-through units issued under the private placement at $0.08 per unit for
gross proceeds of $100,000. Each flow through unit consisted of one “flow through” common
share and one half warrant exercisable at $0.10 per share for a period of twelve months.

Use of proceeds for the flow-through units will be for continued exploration on the Company’s
100% owned Heffley Creek Metals and Pozzolan Property in BC. PLAN recently announced it
had discovered nickel in bedrock at the Heffley Creek Property and announced its intention to
accelerate its exploration program for Heffley Creek for the remainder of 2020 (see the Company’s
news release dated August 17, 2020).

A cash finder’s fee of $7,800 was paid and 120,000 finder’s fees warrants were issued. Finder’s
fee warrants have an exercise period of 12 months, and an exercise price equal to $0.10 per share.
All securities issued under these financings are subject to a statutory four month hold period.
Progressive Planet originally announced that it would offer up to 6.5 million units in total, but
received funds from the exercise of outstanding warrants at 5 cents issued from a prior financing
since announcing the financing. As such, and to minimize shareholder dilution, management
decided to limit the units sold under the private placement.

 

ABOUT PROGRESSIVE PLANET

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing
low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland
Cement and fly ash in concrete. The production of Portland Cement is the second largest global
generator of CO2 emissions.

Progressive Planet operates its flagship Z1 Zeolite Quarry in British Columbia and is earning an
100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest
in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a onehour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

For further information or investor relations inquiries, please contact us:
1-800-910-3072
[email protected]
www.progressiveplanet.ca

Forward-Looking Statements:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.

Plan Announces Private Placements

Plan Announces Private Placements 150 150 Progressive Planet Inc.

VANCOUVER, BC / August 25, 2020 / Progressive Planet Solutions Inc. (TSXV:PLAN) (“PLAN” or “Progressive Planet”), an emerging leader in the commercialization of natural pozzolans to reduce the carbon footprint of cement production, is pleased to announce two financings for aggregate gross proceeds of up to $467,500.

The first financing consists of a non-brokered private placement of up to 3,500,000 units @ $0.065 per unit, for gross proceeds of up to $227,500. Each such unit will consist of one share and one half warrant exercisable at $0.10 per share for a period of twelve months from issuance. Use of proceeds will be for general working capital and to repay loans made to the Company by Countryman Investments Ltd., a company of which David Richardson is the principal. Mr. Richardson is a “control person” of the Company by reason of holding, directly and indirectly, more than 20% of the Company’s issued and outstanding shares.

The second financing consists of a non-brokered flow-through private placement of up to 3,000,000 units at $0.08 per unit, for gross flow through proceeds of up to $240,000. Each flow through unit will consist of one “flow through” common share and one half warrant exercisable at $0.10 per share for a period of twelve months. Use of proceeds will be for continued exploration on the Company’s 100% owned Heffley Creek Base – Precious Metal and Pozzolan Property in BC. PLAN recently announced it had discovered nickel in bedrock at the Heffley Creek Property and announced its intention to accelerate its exploration program for Heffley Creek for the remainder of 2020 (see the Company’s news release dated August 17, 2020).

There are currently 33,638,711 common shares issued and outstanding. Eligible finders may receive a 5% cash finders’ fees and 5% finder’s fee warrants, subject to TSXV requirements. Finder’s fee warrants will have an exercise period of 12 months, and an exercise price equal to $0.10 per share (with respect to finder’s fee warrants issued in relation to the “hard dollar” financing) and also $0.10 per share (with respect to finder’s fees warrants issued in relation to the “flow through” financing). All securities issued under these financings are subject to a statutory four month hold period.

ABOUT PROGRESSIVE PLANET

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.

Progressive Planet operates its flagship Z1 Zeolite Quarry in British Columbia and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

For further information or investor relations inquiries, please contact us:

1-800-910-3072
[email protected]
www.progressiveplanet.ca

Forward-Looking Statements:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

PLAN Signs Concrete Testing Contract with U of Alberta

PLAN Signs Concrete Testing Contract with U of Alberta 150 150 Progressive Planet Inc.

VANCOUVER, BC / August 20, 2020 / Progressive Planet Solutions Inc. (TSXV:PLAN) (“PLAN” or “Progressive Planet”), an emerging leader in the commercialization of natural pozzolans to reduce the carbon footprint of cement production, is pleased to announce that it has signed a second Collaborative Research Agreement with the University of Alberta in order to complete final testing on PLAN’s Natural Pozzolan Blend which we intend to produce to compete with fly ash as a substantially greener supplementary cementing material.

Throughout the world, fly ash is generated as a by-product of burning coal for electricity generation. Fly ash is used as a supplementary cementing material in blended cement mixes. The supply of fly ash is directly related to the amount of coal which is combusted in power plants which in many parts of Canada, and the world, are scheduled for decommissioning or are already being decommissioned.

In December 2019, PLAN announced its first Collaborative Research Agreement with the University of Alberta to conduct work with respect to improving the rheology (slump) of the Natural Pozzolan from its Z-1 Quarry so that it possessed similar rheology to commercially available fly ash. Final rheology results of the Z-1/pulverized glass blend were superior to the rheology of the fly ash blend.

Before launching our Natural Pozzolan Blend commercially, we need to assure ready mix and pre-cast concrete businesses that concrete which contains this Natural Pozzolan Blend can withstand the conditions which concrete must withstand in Canada. This second Collaborative Research Agreement covers five tests including the following:

  • Compressive strength (CSA A3004-E1),
  • Alkali-silica reaction (CSA A23.3-28A),
  • Sulphate resistance (CSA A3004-C8),
  • Air void (ASTM C462), and,
  • Freeze thaw resistance (ASTM C666, as referenced in CSA A3004-E1).

“We were very pleased with the results achieved by Dr. Vivek Bindiganavile and his team of concrete experts on the first Collaborative Research Agreement. If we achieve successful results from these additional tests, we will have completed all the testing required to give the ready mix and pre-cast concrete industries confidence to use our Natural Pozzolan Blend. With a fully functional comminution plant in place to pulverize Natural Pozzolan from the Z-1 Quarry and to pulverize post-consumer glass, we intend to introduce this product during the 2021 construction season,” stated Steve Harpur, CEO.

ABOUT PROGRESSIVE PLANET

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.

Progressive Planet operates its flagship Z1 Zeolite Quarry in British Columbia and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one- hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

For further information or investor relations inquiries, please contact us:

1-800-910-3072
[email protected]
www.progressiveplanet.ca

PLAN Confirms a Nickel in Bedrock Source at Heffley Creek Property

PLAN Confirms a Nickel in Bedrock Source at Heffley Creek Property 150 150 Progressive Planet Inc.

VANCOUVER, BC / August 17, 2020 / Progressive Planet Solutions Inc. (TSXV:PLAN) (“PLAN” or “Progressive Planet”), an emerging leader in the commercialization of natural pozzolans to reduce the carbon footprint of cement production, is pleased to announce that it has confirmed a bedrock source for the nickel in soil anomaly that PLAN reported on August 5, 2020 on its 100% owned Heffley Creek Base – Precious Metal and Pozzolan Property, BC.

Based on the soil survey results reported on August 5, 2020, PLAN commenced a systematic rock sampling program to confirm the soil sample results and a follow-up soil sampling program to extend the existing nickel in soil anomaly.

A total of 55 grab samples were collected and submitted for analysis. Of the 55 grab samples, 28 returned values greater than 1,000 PPM (0.1%) nickel and 2 of those grab samples returned values as high as 2,180 and 2,130 PPM (0.21%) nickel. All samples were grab samples and are not necessarily representative of the mineralization hosted on the property.

Figure 1 illustrates the anomalous nickel grab samples in an area of 200 by 250 metres coinciding with the nickel in soil anomaly that was previously reported. The anomalous nickel grab samples were collected in altered leuco-gabbro and serpentinite rocks. Further rock sampling on the property in the area of the nickel in soil anomaly is currently in progress. There are also anomalous nickel grab samples within the gabbro to the south, west and north that will also be followed up in the future.

A total of 192 soil samples have been collected to date and results for 109 of these samples were reported on our news release of August 5, 2020. Figure 2 plots the remaining 83 sample results.

For the 192 soil samples, 39% of the samples returned values above 300 PPM nickel, while 11.5% of the samples returned values above 1,000 PPM nickel and 3.6% of the samples returned values over 2,000 PPM nickel.

The sampling has extended the width of the nickel in soil anomaly towards the east of the main anomalous nickel area by approximately 25 to 50 metres. Further soil sampling is currently being conducted to extend the nickel in soil anomaly along strike to the north and the south.

Figure 1

Figure 2

“I am very pleased with the results of outcrop sampling which confirmed a bedrock source for the nickel in soil anomaly” indicated Dwayne Melrose, Director and Technical Advisor for PLAN. “PLAN will continue it outcrop sampling in the areas of the nickel in soil anomaly to better define the bedrock source of the nickel. In addition, we will extend the soil sampling along strike to the north and south of the nickel in soil anomaly”.

“Based on the confirmation of nickel in the bedrock, PLAN is accelerating its exploration program for Heffley Creek for the remainder of 2020. We intend to increase the time spent on the property this Fall.,” stated Steve Harpur, CEO.

Analyses were completed by the Geochemistry division of ALS Canada. Base metal contents were measured by aqua-regia digestion and analysis on ICP-AES. The Precious Metals analyses were completed on all samples using fire assay fusion followed by AA finish (Au) or ICP finish (Pt and Pd) to measure gold, platinum, and palladium. Silver was measured using aqua regia digestion.

Dwayne Melrose, P. GEO, a qualified person for the purposes of National Instrument 43-101, has reviewed and approved the contents of this news release.

ABOUT PROGRESSIVE PLANET

Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.

Progressive Planet operates its flagship Z1 Zeolite Quarry in Cache Creek, BC and is earning an 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.

For further information or investor relations inquiries, please contact us:

1-800-910-3072
[email protected]
www.progressiveplanet.ca

Forward-Looking Statements:

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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