PROGRESSIVE PLANET REACHES DEFINITIVE SHARE PURCHASE AGREEMENT TO ACQUIRE ABSORBENT PRODUCTS LTD.

Combined Entities Create Huge Pozzolan Player and
International Supplier of Mineral Based Product Lines
Vancouver, BC, December 24, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”) is pleased to announce that it has signed a binding Share Purchase Agreement (“SPA”) to acquire full ownership of Absorbent Products Ltd. (“Absorbent Products” or “APL”)
Absorbent Products Ltd.
With revenue of over $20 million in its latest fiscal year and operating since 1989, Absorbent Products is a dominant manufacturer of mineral-based products derived from diatomaceous earth, zeolite, and bentonite. Absorbent Products operates its own diatomaceous earth and bentonite mines in BC and is also the operator of the Bromley Creek Zeolite Mine.
Under the deal terms, PLAN would continue to maintain and support Absorbent Products’ existing business operations, while also gaining access to supplies of natural pozzolans to develop incremental lines of business in sustainable cement and additional agricultural powders. Business assets and interests purchased from APL or related companies, including mineral and mining operations, owned and long-lease industrial properties, manufacturing / sales / distribution infrastructure and portfolio of eco-conscious product lines, patents and intellectual property will be retained by Progressive Planet.
Absorbent Products and its shareholders are each at arm’s length to Progressive Planet.
 
The proposed acquisition would bring two complementary companies together, each known for sustainable innovation and mineral-based product development. Deal synergies and highlights include:
 

  • Access to 3 additional sources of natural pozzolans from permitted mines in BC for use in the PozGlass group of SCMs (supplementary cementing materials) while maintaining legacy operations of APL’s existing, long standing business;
  • Ownership of APL’s extensive product line and intellectual property portfolio including APL’s top selling US patented, OMRI listed, Activated Barn Fresh Natural Ammonia Control;
  • Cross-selling complimentary products to each company’s clients;
  • Four long term industrial leases in the Mount Paul Industrial Park owned by the Tk’emlúps te Secwepemc (Kamloops Indian Band);
  • Industrial space to grow PLAN’s previously seasonal comminution business and build a new PozGlass Manufacturing Plant; and
  • A new head office close to the Z1 Natural Pozzolan Quarry, the Z2 Natural Pozzolan Mineral Property, the Heffley Creek Metals and Natural Pozzolan Property and APL’s flagship Red Lake Diatomaceous Earth Mine.

Progressive Planet would like to publicly acknowledge the Tk’emlúps te Secwepemc First Nation for approving the proposed change of control of APL with respect to its leases in advance of the Share Purchase Agreement.
“The cross-selling opportunities to build on solid customer relationships are significant, as PLAN is already selling zeolite processed by APL and sourced from the Bromley Mine to our largest customer,” stated Ian Grant, VP of Business Development of Progressive Planet. “The potential to unify great teams and talent with a shared vision to strengthen and supply customers with innovative and sustainable products is exciting, on trend, and economically advantageous.”
 
APL’s diatomaceous earth passed all mortar and concrete ASTM and CSA test protocols conducted by PLAN, showing tremendous promise for use in PozGlass SCM. Most notably, PozGlass SCM containing DE and ground glass pozzolan meets CSA A23.1 requirements for both C-1 and C-XL at 25% replacement, achieving a resist chloride ion penetration (RCP) value of 710 Coulombs compared to the control of 3017 Coulombs at 91 days. Simply put, concrete’s ability to resist salt penetration (which corrodes rebar) is a key factor in concrete’s longevity.
 
The Acquisition
 
The total consideration payable by the Company is $16.3 million, and consists of (A) $13.3 million in cash and assumption of debt, and (B) $3 million in equity.  The cash component of the consideration will be funded by way of bank financing (the details of which will announced separately) and from proceeds of a concurrent private placement financing, described further below.  The equity portion will be paid via issuing $1.2 million in common shares of the Company at the time of closing, at a price of $0.35 per share, with $900,000 in equity being issued one year from the date of closing and $900,000 in equity being issued one year later. The number of common shares to be issued post-closing will be determined using the per-share price of the Company’s common shares which is the greater of (a)$0.35 per share, or (b) the 50-day volume weighted average trading price of such shares in the days immediately preceding each issuance of such shares. Completion of the acquisition is subject to numerous conditions, including the receipt of all necessary prior TSX Venture Exchange approvals and is also subject to the Company obtaining financing, including completion of aforementioned private placement.  There is no assurance or guarantee that the Company will be able to complete the acquisition as described or at all.
“The deal synergies are strong. We look forward to increased opportunities to provide earth-conscious pathways and products that radically decarbonize concrete production, naturally enhance industry, and re-mineralize agricultural operations,” stated Steve Harpur, CEO of PLAN. “Our shared portfolio of natural pozzolans represents a new era of environmental science where natural raw materials are introduced to minimize carbon footprints, sequester greenhouse gasses and provide a safer and superior alternative to synthetic products.”
“After starting this business from scratch in 1989, I am proud to see this deal come together. APL has created over 55 full time jobs in Kamloops while manufacturing world class products that are sold throughout North America and beyond,” stated Peter Aylen, founder and President of APL. “I leave knowing that it remains business as usual, and that our current management team will stay on to continue to develop additional classes of products using our foundational base of natural pozzolans.”
“We wish Peter a well-earned retirement after building APL for over three decades,” Harpur continued. “His vision, dedication to his community, and the numerous business awards he earned as the leader of APL created a legacy that we intend to honour and continue.”
Concurrent Financing
The Company also announces a non-brokered private placement (the “Offering”) to be completed concurrent with the Acquisition.  Under the Offering, PLAN will offer a minimum of 9,000,000 units and a maximum of 13,500,000 units (“Units”) at a price of $0.35 per Unit, for gross proceeds of $3,150,000.  Each Unit will be comprised of one common share and one share purchase warrant (a “Warrant”), with each Warrant exercisable at $0.60 per share for a period of 2 year, subject to acceleration if PLAN’s common shares trade at over $0.75 per share for a period of ten trading days or more after the first year.  Agents of the Company will have an option to increase the size of the Offering by up to 50% at any time prior to the closing of the Offering.  The Company anticipates that Peter Lacey, director of the Company, will subscribe for $525,000 in the Offering, as well as other insiders may participate in the Offering.  Additionally, APL shareholders may participate for at least $450,000 in the Offering.
Agents of the Company with respect to the Offering will receive as compensation: (a) a cash commission of up to 5% of the gross proceeds raised under the Offering from investors introduced by such agents, and (b) broker warrants entitling the agents to acquire in aggregate up to that number of common shares that is equal to 5% of the Units sold under the Offering to investors introduced by such agents.  The broker warrants are exercisable at $0.35 per share for a period of 1 year.
The Company intends to primarily rely on the “accredited investor” prospectus exemption available under National Instrument 45-106 Prospectus Exemptions for the Offering.  Depending on demand and regulatory requirements, a portion of the Offering may be made to British Columbia and Alberta residents who have obtained suitability advice from a registered investment dealer in accordance with the provisions of the prospectus exemptions available under British Columbia Securities Commission Instrument 45-536 and Alberta Securities Commission Rule 45-516 (the “Investment Dealer Exemptions”).  As required under the Investment Dealer Exemptions, the Company confirms that there are no material facts or material changes that have not been disclosed.
If the Company completes the minimum Offering, all proceeds will be used towards payment of the cash consideration payable under the Acquisition and for Acquisition costs.  The Company intends to allocate any additional proceeds received under the Offering, including any proceeds received upon exercise of the over-allotment option, as follows: approximately $250,000 towards the recommended work programs with respect to APL’s mineral properties; and any remaining proceeds towards retiring the APL debt assumed by the Company under the Acquisition or for integrating the Company’s comminution business into APL’s premises as part of its head office relocation.
All securities issued under the Offering will be subject to a four-month statutory hold period from the date of issuance under applicable securities laws.  Completion of the Offering is subject to PLAN receiving all necessary prior approvals from the TSX Venture Exchange.
 
ABOUT ABSORBENT PRODUCTS LTD.
 
APL produces industrial minerals from two mines in British Columbia, creating mineral-based products seen on store shelves that range from industrial absorbents, fillers, and sealants; to agricultural feed additives and soil conditioners; to cat litter, natural insecticides and pet-friendly ice melters among other applications — all derived from diatomaceous earth, bentonite, leonardite, and zeolite mining operations. APL has a high ‘value added ratio’ since it takes the material from its raw state, processes it and packages it for retail sale. APL continues to demonstrate a commitment to advancing and promoting sustainable development in the mining sector.
 
APL continues to be recognized for its efforts in reclaiming land. In doing so, the company seeks to minimize the amount of disturbed land and to promote environmental stewardship. APL’s 1,000-acre ranch adjacent to its Red Lake Mine property north of Kamloops has been used for agricultural operations and utilizes APL’s natural fertilizer, leonardite. The reclaimed land at the Red Lake Mine has demonstrated higher yields after reclamation versus pre-reclamation.
 
APL takes immense pride in the environmental integrity of its operations and products with many of its products being listed for use in organic production by the Organic Material Review Institute (OMRI). APL has a strong focus on sustainable use of resources including mined materials, electricity, natural gas, or other resources. APL has reduced its use of natural gas and electricity per tonne over the past five years and uses approximately 98% of the material that is transported from the mines to the processing facility in Kamloops.
 
 
ABOUT PROGRESSIVE PLANET
 
Progressive Planet is an emerging company providing innovative circular solutions and earth-friendly micronized minerals that naturally unlock sustainability benefits across the construction and agriculture industries. Tapping into the earth’s inherent binding powers and properties, PLAN is developing and scaling a portfolio of proprietary solutions to help our customers build, grow, and operate more responsibly.
 
PLAN continues work on creating supplementary cementing materials (SCMs) with a focus on minimizing the carbon footprint of the SCMs we create; utilizing waste materials where possible to create the most sustainable SCMs; and sequestering CO2 in SCMs to address climate change. PLAN’s research team has begun exploring the opportunity to utilize the legacy CO2 stream generated by APL’s natural gas rotary kiln drier in operation in Kamloops.
 
PLAN’s operations currently include:

  • A comminution facility in Spallumcheen, BC which is currently producing micronized minerals used by farmers in lieu of chemical fertilizers to promote healthy soils without the addition of chemicals,
  • A research lab in Calgary, AB focused on creating SCMs and associated technologies to sequester CO2 in concrete; and,
  • Three natural pozzolan properties in BC including our flagship Z1 Natural Pozzolan Quarry in Cache Creek, BC and our two pozzolan properties under development, the Z2 Natural Pozzolan Property near Falkland and the Heffley Creek Metals and Natural Pozzolan Property.

 
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
403-221-0915
888-221-0915
[email protected]
 
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.
 
Forward-Looking Statements:
 
This news release contains forward-looking information within the meaning of Canadian securities laws. Such information includes, without limitation, information regarding the completion of the proposed acquisition of APL, the anticipated business plan of the Company subsequent to completion of such acquisition, and the proposed private placement financing offered by the Company.  Although the Company believes that such information is reasonable, it can give no assurance that such expectations will prove to be correct.
 
Forward looking information is typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” and similar expressions, or are those that, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including but not limited to: the Company’s ability to complete the acquisition as described; the Company’s ability to complete the proposed private placement; the general state of the industry in which the Company operates; the state of financial markets generally; and other risks and factors that the Company is not aware of at this time.

PROGRESSIVE PLANET’S VP OF R&D, DR. ROGER MAH, RECOGNIZED FOR CARBON CAPTURE CONTRIBUTED RESEARCH IN SCIENCE MAGAZINE

VANCOUVER, BCDec. 16, 2021 /PRNewswire/ — Progressive Planet Solutions Inc(TSXV: PLAN) (“PLAN” or the “Company“), an emerging technology company providing innovative circular solutions and eco-friendly micronized mineral powders for industry and agriculture, is pleased to announce that Dr. Roger Mah, Vice President of Research and Development, is part of the scientific team being published in the December 17 issue of Science.
Science seeks to publish those papers that are most influential in their fields or across fields and that will significantly advance scientific understanding. Through its print and online incarnations, Science reaches an estimated worldwide readership of more than one million and its articles consistently rank among the world’s most cited research. This research pertaining to the first novel metal-organic framework (MOF) to capture one tonne of CO2 a day could ultimately lead to the mitigation of anthropogenic emissions in the global fight against climate change.
“I am honoured to join the prestigious ranks of researchers published in Science and believe that this MOF has the potential to be game-changing for carbon capture, along with other gas separations,” said Dr. Roger Mah. “The acceptance of this work into Science validates the scientific foundation of the material, and I am privileged to be part of the team that worked to advance this material out of the lab. At Progressive Planet, I plan to pursue current R&D initiatives with equal drive and determination, focusing on CO2 sequestration in concrete applications and other actionable opportunities to mitigate carbon emissions.”
“Roger brings an experienced blend of entrepreneurialism, scientific prowess, and carbon capture utilization and storage experience to PLAN, and we congratulate him on this monumental achievement,” stated Steve Harpur, CEO of Progressive Planet. “We are proud to see Roger published in what’s considered to be the Holy Grail of science journals, and I’m confident he will lead PLAN’s R&D efforts down a commercialization path that addresses the challenges of climate change, waste and pollution. We also will soon be announcing the addition of two new scientists to his team to help support C-Quester™ Centre of Sustainable Innovation initiatives in the coming months – all done with the aim to help deploy groundbreaking technology based on natural sustainability.”
Progressive Planet R&D initiatives largely focus on reducing and sequestering CO2 in Portland and magnesium-based cements and concrete products through the Company’s commercialization plans for the PozGlass™ portfolio of supplementary cementing materials and C-Quester foaming agents. These efforts, combined with ongoing operations to produce rock powders that pull carbon dioxide from the atmosphere and effectively transform and trap it in soil, has resulted in significant IP development and the application of collective patents. The Company recently announced plans to launch the C-Quester Centre of Sustainable Innovation in Q1 2022, with a primary focus on sustainable concrete development and materials science consulting. The new research facility will be run by Dr. Roger Mah, with assistance from Scientific Advisor, Dr. Doug Brown.
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging technology company providing innovative circular solutions and earth-friendly micronized minerals that naturally unlock sustainability benefits across the construction and agriculture industries. Tapping into the earth’s inherent binding powers and properties, PLAN is developing and scaling a portfolio of proprietary solutions to help our customers build, grow, and operate more responsibly.
PLAN continues work on creating supplementary cementing materials (SCMs) with a focus on minimizing the carbon footprint of the SCMs we create; utilizing waste materials where possible to create the most sustainable SCMs; and sequestering CO2 in SCMs to address climate change.
PLAN’s operations currently include:

  • A comminution facility in Spallumcheen, BC which is currently producing micronized minerals used by farmers in lieu of chemical fertilizers to promote healthy soils without the addition of chemicals,
  • A research lab in Calgary, AB focused on creating SCMs and associated technologies to sequester CO2 in concrete; and,
  • Three natural pozzolan properties in BC including our flagship Z1 Natural Pozzolan Quarry in Cache Creek, BC and our two pozzolan properties under development, the Z2 Natural Pozzolan Property near Falkland and the Heffley Creek Metals and Natural Pozzolan Property.

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.
Forward-Looking Statements:
Forward looking information is typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” and similar expressions, or are those that, by their nature, refer to future events. The Company cautions investors that any forward-looking information provided by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking information as a result of various factors, including but not limited to: the Company’s ability to complete the acquisition as described; the Company’s ability to complete the proposed private placement; the general state of the industry in which the Company operates; the state of financial markets generally; and other risks and factors that the Company is not aware of at this time.

PROGRESSIVE PLANET ANNOUNCES COMPELLING 28-DAY STRENGTH RESULTS FOR POZGLASS™ 100G SCM FROM INDEPENDENT LAB

Eco-Friendly Cementing Alternative Made with 100% Recycled Post-Consumer Glass Pozzolan Engineered to Reduce and Sequester Carbon Emissions in Concrete

VANCOUVER, BCDec. 14, 2021 /CNW/ – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company“), an emerging technology company providing innovative circular solutions and eco-friendly micronized mineral powders for industry and agriculture, is pleased to announce that the Company has received exceptional 28-day Strength Activity Index (SAI) results for PozGlass 100G SCM.

PozGlass 100G SCM is the Company’s new and proprietary supplementary cementing material (SCM) made with 100% post-consumer glass micronized to a fine powder and treated with a novel process to permanently sequester CO2 while increasing its strength.

Earlier in November 2021, PLAN publicly unveiled PozGlass 100G SCM while sharing breakthrough results. As revealed in the announcement, the PozGlass 100G SCM samples registered a 7-day SAI value of 88.3% compared with the 7-day SAI values of 79% for untreated glass test samples.

We have now received the 28-day SAI test results. The untreated glass showed an SAI value of 83%, while the three PozGlass 100G SCM samples registered a 28-day SAI average value of 113.4% compared to the Portland cement control test sample.

“We are thrilled with these latest results,” stated Ian Grant, VP of Business Development at PLAN. “PozGlass 100G SCM outperformed the Portland cement control test sample by more than 13% at just 28 days. It’s more typical to see pozzolan strength parity at the 56-day mark. At commercial scale, an SCM that outperforms Portland cement at 28 days provides a unique opportunity for concrete producers to maximize replacement levels of Portland cement for boosting concrete performance while also reducing the carbon footprint of every batch. We still have work to do, but more strength with a lower carbon footprint is a ‘win-win’ for builders and the environment,” stated Grant.

The Company is procuring the equipment needed to demonstrate its production of PozGlass SCM and PozGlass 100G SCM in-house at its C-Quester™ Centre of Sustainable Innovation set to open in Q1 of 2022 in Calgary, Alberta, and will continue optimizing PozGlass 100G with a focus on:

  • Confirming the economics of commercial scale production;
  • Filing patents to protect novel processes; and
  • Quantifying and optimizing the carbon sequestration potential of PozGlass 100G SCM.

Progressive Planet Launches New Calgary-Based R&D Innovation Division, Focus on Sustainable Cement Development and Materials Science Consulting

C-Quester™ Centre of Sustainable Innovation Facility Dedicated to Tackling Global Challenges of Climate Change and Waste Reduction  
 
Vancouver, BC, November 18, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), an emerging technology company providing innovative circular solutions and eco-friendly micronized mineral powders for industry and agriculture, is pleased to announce plans to expand operations into Calgary, Alberta with the launch of its C-Quester Centre of Sustainable Innovation in Q1 2022.
Co-located with collaborative partner ZS2 Technologies (“ZS2”), the 1,600-square foot R&D lab and testing facility will help accelerate both IP generation and the optimization and commercial development of future eco-friendly products for the cement, concrete and building materials industries. Run by Progressive Planet’s VP of Research and Development, Dr. Roger Mah, with assistance from Scientific Advisor, Dr. Doug Brown, the Centre will focus on micronized mineral production and include capabilities to help measure carbon uptake. It will also cater to contract research and development programs from customers requiring specialized skills and technical assistance to help solve real world sustainability challenges.
 
“We’re in the preliminary stages of a sustainability revolution and building the C-Quester Centre of Sustainable Innovation will strengthen our ability to introduce innovative technologies that capitalize on much needed market disruption,” said Steve Harpur, CEO of Progressive Planet. “Calgary has an incredible talent pool, full of educated and industrious professionals that are excited about being part of the new sustainable economy and purpose-driven research. Advancing joint work on carbon sequestration in magnesium-based cements with ZS2, along with improving carbon sequestration on Portland based cements independently have been Company priorities, and the timing aligns perfectly with our commercialization plans for PozGlass and other supplementary cementing materials.”
Commenting on the expansion of PLAN’s R&D activities, ZS2 Technologies CEO, Scott Jenkins said: “Progressive Planet is developing world-class products to significantly reduce the carbon footprint and improve the performance of cement, one of the most consumed building materials on the planet. Their investment in a strategic R&D Centre, in concert with the significant expansion of our manufacturing capacity in Q1 2022, is a testament to the momentum our partnership is generating to reduce the carbon footprint of construction — the world’s largest industry.”
ABOUT ZS2 TECHNOLOGIES
ZS2 Technologies develops and manufactures proprietary advanced building technologies including fire-rated, non-toxic, low-carbon cementitious building materials and prefabricated structural panels. ZS2 markets and delivers high performance building solutions for the residential, commercial, agricultural, industrial, and healthcare sectors in Canada and the United States both directly and through a growing network of distribution partners.
ABOUT PROGRESSIVE PLANET
 
Progressive Planet is an emerging technology company providing innovative circular solutions and earth-friendly micronized minerals that naturally unlock sustainability benefits across the construction and agriculture industries. Tapping into the earth’s inherent binding powers and properties, PLAN is developing and scaling a portfolio of proprietary solutions to help our customers build, grow, and operate more responsibly.
 
PLAN continues work on creating supplementary cementing materials (SCMs) with a focus on minimizing the carbon footprint of the SCMs we create; utilizing waste materials where possible to create the most sustainable SCMs; and sequestering CO2 in SCMs to address climate change.
 
PLAN’s operations currently include:

  • A comminution facility in Spallumcheen, BC which is currently producing micronized minerals used by farmers in lieu of chemical fertilizers to promote healthy soils without the addition of chemicals,
  • A research lab in Calgary, AB focused on creating SCMs and associated technologies to sequester CO2 in concrete; and,
  • Three natural pozzolan properties in BC including our flagship Z1 Natural Pozzolan Quarry in Cache Creek, BC and our two pozzolan properties under development, the Z2 Natural Pozzolan Property near Falkland and the Heffley Creek Metals and Natural Pozzolan Property.

 
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
403-221-0915
888-221-0915
[email protected]
 
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.

PROGRESSIVE PLANET UNVEILS 100% RECYCLED POST-CONSUMER GLASS POZZOLAN CREATED TO SEQUESTER AND RADICALLY REDUCE CARBON EMISSIONS IN CONCRETE

New PozGlass™ 100G SCM Receives Breakthrough Test Results;
Offers Eco-Friendly Alternative to Fly Ash Engineered to Help Tackle Climate Change
 
Vancouver, BC, November 9, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), an emerging technology company providing innovative circular solutions and eco-friendly micronized mineral powders for industry and agriculture, is pleased to announce PozGlass™ 100G SCM – the Company’s new and proprietary supplementary cementing material (SCM) made from 100% recycled glass. Having just received breakthrough initial test results, PozGlass 100G SCM is designed to dramatically reduce cement’s carbon footprint while increasing its performance.
PozGlass 100G SCM’s introduction comes on the heels of PLAN’s October 18, 2021 announcement that it successfully completed third party testing of its flagship supplementary cementing material, PozGlass™ SCM, as a superior replacement to fly ash. PozGlass SCM is a mixture of micronized, post-consumer glass and natural pozzolan harvested from PLAN’s Z1 Natural Pozzolan Quarry near Cache Creek, BC. and can be used to replace significant levels of fly ash and Portland Cement, one of the greatest sources for CO2 emissions in the world. Estimates suggest that the concrete industry is responsible for roughly 7% of total global carbon emissions.
Natural pozzolans are prevalent in western North America as a result of volcanic activity, but are generally not found along the eastern seaboard. In an effort to seamlessly gain entry into larger urban markets from coast to coast without requiring natural pozzolan to be shipped and then blended with locally sourced recycled glass, PLAN quietly developed and tested its new version of PozGlass. The name, PozGlass 100G, reflects the fact that this revolutionary SCM uses 100% post-consumer glass which is micronized to a fine powder and permanently sequesters CO2 through proprietary processes.
Post-consumer glass exists as a waste problem in every major city in North America, opening up exponential market potential for PLAN’s technology. Incorporating PozGlass’ post-consumer waste glass formula into concrete as a Portland Cement replacement will help the environment by both reducing the amount of CO2 emissions as well as reducing the amount of waste glass disposed of in landfills. To date, the biggest hindrances to using 100% ground glass as a supplementary cementing material has been its inability to fully mitigate alkali-silica reactivity (ASR) and its lower early strength gains in concrete compared to other pozzolans.
Nine samples of PozGlass 100G SCM, utilizing a 25% replacement of Portland Cement, were exposed to ASTM C1567 Standard Test Method for Determining the Potential Alkali-Silica Reactivity of Combinations of Cementitious Materials and Aggregate (Accelerated Mortar-Bar Method). All nine easily passed the allowable limit of 0.10% mortar bar expansion at 16 days after casting, averaging only 0.05% expansion – or just half of the allowable limit.
“It is well known in the cement industry that one of the biggest challenges with using ground glass in concrete is its inability to pass ASTM test C1567 as a stand-alone pozzolan,” said Steve Harpur, CEO of Progressive Planet. “The fact that our proprietary treatment of post-consumer glass has resulted in exceptional ASR mitigation results is a game-changing achievement. With this technical breakthrough, our next focus is to confirm we can produce PozGlass 100G economically at scale. This is a significant milestone for PLAN.”
In addition, PozGlass 100G SCM samples also passed important testing requirements for 7-day Strength Activity Index (SAI) & water requirement for C618 Class N pozzolan.
“The 7-day SAI values for the treated ground glass samples reported in PozGlass 100G SCM are significantly higher than the values previously obtained in our laboratory for untreated ground glass,” states Dr. Michael Thomas. “Two previous tests on untreated ground glass gave 7-day SAI values of 79% each time, while PozGlass 100G SCM registered a 7-day SAI value of 88.3%.”
Additional testing and optimization will reconvene in the near future to maximize the percentage of Portland Cement which can be replaced with PozGlass 100G SCM.
PLAN continues development work on PozGlass 100G SCM with a focus on:

  • Confirming that this product can be produced economically at a commercial scale;
  • Maximizing its performance to boost replacement levels in industry;
  • Quantifying the carbon sequestration potential of this proprietary product; and
  • Seeking grant funding to produce PozGlass 100G at a larger scale.

 
ABOUT PROGRESSIVE PLANET
 
Progressive Planet is an emerging technology company providing innovative circular solutions and earth-friendly micronized minerals that naturally unlock sustainability benefits across the construction and agriculture industries. Tapping into the earth’s inherent binding powers and properties, PLAN is developing and scaling a portfolio of proprietary solutions to help our customers build, grow, and operate more responsibly.
PLAN continues work on creating supplementary cementing materials (SCMs) with a focus on minimizing the carbon footprint of the SCMs we create; utilizing waste materials where possible to create the most sustainable SCMs; and sequestering CO2 in SCMs to address climate change.
PLAN’s operations currently include:

  • A comminution facility in Spallumcheen, BC which is currently producing micronized minerals used by farmers in lieu of chemical fertilizers to promote healthy soils without the addition of chemicals,
  • A research lab in Calgary, AB focused on creating SCMs and associated technologies to sequester CO2 in concrete; and,
  • Three natural pozzolan properties in BC including our flagship Z1 Natural Pozzolan Quarry in Cache Creek, BC and our two pozzolan properties under development, the Z2 Natural Pozzolan Property near Falkland and the Heffley Creek Metals and Natural Pozzolan Property.

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
403-221-0915
888-221-0915
[email protected]
 
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.

Progressive Planet Hires Volt Strategic Partners for Market Communications and Capital Advisory Services

VANCOUVER, BC, Oct. 20, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or “Progressive Planet”), an emerging technology company providing innovative circular solutions and earth-friendly micronized minerals that naturally unlock sustainability benefits across the construction and agriculture industries, is pleased to announce that it has engaged  Volt Strategic Partners Ltd. (“Volt Strategic“) as its capital markets and communications advisor.
 
Volt Strategic is a market communications and capital advisory firm working with senior business leaders and innovators to help grow organizational value, build business, and accelerate market appreciation for emerging technology, sustainability, and life sciences public companies.
 
“While many companies are shoring up their operational efficiencies to help reduce their carbon footprint, decarbonizing the cement industry requires transformative thinking and real technological innovation to take hold,” said Progressive Planet CEO Steve Harpur. “We’ve entered a new era where investors, governments and the general public all see strength in sustainability as a competitive advantage. PLAN has a great story to tell, and Volt’s capital markets experience and demonstrated ability to help companies differentiate, build profile and grow organizational value will help PLAN move forward in the months ahead.”
 
Under the terms of the October 18, 2021 agreement with Volt Strategic, Progressive Planet will pay Volt Strategic an aggregate amount of $54,000 over a term of six months for services and has granted 250,000 stock options of the Company, exercisable for a period of 18 months at market price of $0.385 per share. The agreement between PLAN and Volt Strategic may be extended with the prior written consent of the parties or terminated at any time.  These options shall vest 25% per quarter for the first year with the first 25% vesting immediately. The stock options and the agreement are both subject to TSX Venture Exchange approval.
 
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging technology company providing innovative circular solutions and earth-friendly micronized minerals that naturally unlock sustainability benefits across the construction and agriculture industries. Tapping into the earth’s (inherent) binding powers and properties, PLAN is developing and scaling a portfolio of proprietary solutions to help our customers build, grow, and operate more responsibly.
 
PLAN continues work on creating supplementary cementing materials (SCMs) with a focus on:

  • Minimizing the carbon footprint of the SCMs we create,
  • Utilizing waste materials where possible to create the most sustainable SCMs; and,
  • Sequestering CO2 in SCMs to address climate change.

 
PLAN operations currently include:

  • A comminution facility in Spallumcheen, BC which is currently producing micronized minerals used by farmers in lieu of chemical fertilizers to promote healthy soils without the addition of chemicals,
  • A research lab in Calgary, AB focused on creating SCMs and associated technologies to sequester CO2 in concrete; and,
  • Three natural pozzolan properties in BC including our flagship Z1 Natural Pozzolan Quarry in Cache Creek, BC and our two pozzolan properties under development, the Z2 Natural Pozzolan Property near Falkland and the Heffley Creek Metals and Natural Pozzolan Property.

 
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
403-221-0915
888-221-0915
[email protected]
 
 
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.

Plans Underway to Introduce New Eco-Friendly Cementing Alternative to Fly Ash to Help Meet Growing Low-Carbon Concrete Demand

Vancouver, BC, October 18, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or “Progressive Planet”), an emerging technology company providing innovative circular solutions and earth-friendly micronized minerals that naturally unlock sustainability benefits across the construction and agriculture industries, is pleased to announce excellent results from Phase 2 and the final PozGlass SCM testing completed by third-party C&CS Atlantic under Dr. Michael Thomas’ direction. Dr. Thomas, a professor at the University of New Brunswick, has authored more than 200 technical papers and reports including the book “Supplementary Cementing Materials in Concrete”.
Two different proprietary blends of PozGlass SCM (each containing a different ratio of recovered post-consumer glass and natural pozzolans) were tested in combination with Portland Cement. Final test report results, inclusive of previous announcements released on April 26 and June 23 2021, demonstrated that PozGlass added enhanced compressive strength and durability, excellent chloride permeability (RCP testing), and resistance to acidic soil degradation well within accepted industry guidelines.
 
“Progressive Planet is ecstatic with these test results, as Dr. Thomas’ independent findings help to solidify our plans to commercially launch PozGlass SCM and give us great confidence as we further explore ready-mix and precast concrete supply chain opportunities,” said CEO Steve Harpur. “Our next steps will include identifying and procuring a long-term supply of glass in Western Canada and finding an optimal location that will support a commercial plant build and PozGlass SCM production.
 
Dr. Thomas designed a thorough review program, which tested two blended samples containing PozGlass SCM along with a third individual sample containing only Portland Cement. Two of the mortar mixes substituted 25% of the Portland Cement for PozGlass of an equivalent weight. The third mortar mix (the control mix) contained only Portland Cement.
 
Test results showed the mortar bars produced from the two mortar mixes expanded 0.03% and 0.02% respectively, after six months. Expansion less than 0.05% at six months indicates a mortar with high-level of sulfate resistance (less than 0.10% at six months indicates moderate sulfate
resistance). It should be noted that the control mortar bars, containing only Portland Cement, disintegrated at the 180-day mark, and could not be measured as a result.
 
 
 
Dr. Michael Thomas, who is active on technical committees within the American Concrete Institute (ACI), ASTM, RILEM, and the Canadian Standards Association stated: “The use of 25% of either of the two PozGlass blended pozzolan mixes in combination with a high-C3A Portland cement is sufficient to meet the requirements of a Type HSb cement (blended cement with high sulfate resistance) and is suitable for use in S-1 exposure (very severe sulphate exposures).”
 
“After 180 days, we have conclusive third-party proof that PozGlass is very effective at resisting degradation in concrete used below ground level in acidic soils,” Harpur added. “We now have the full package — an environmentally friendly and economically attractive solution to fly ash, that also enhances performance. PLAN has just taken a giant step closer toward securing and helping future customers meet their own sustainability targets by reducing the carbon footprint of cement.”
 
PLAN intends to supply the cement industry with PozGlass SCM as a superior replacement to fly ash. Fly ash is created as a by-product of burning coal to make electricity, but all coal fired power plants in Canada are mandated to shut down by December 2029, marking the end of fly ash.
 
PLAN continues work on creating supplementary cementing materials (SCMs) with a focus on:

  • Minimizing the carbon footprint of the SCMs we create,
  • Utilizing waste materials where possible to create the most sustainable SCMs; and,
  • Sequestering CO2 in SCMs to address climate change.

 
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging technology company providing innovative circular solutions and earth-friendly micronized minerals that naturally unlock sustainability benefits across the construction and agriculture industries. Tapping into the earth’s (inherent) binding powers and properties, PLAN is developing and scaling a portfolio of proprietary solutions to help our customers build, grow, and operate more responsibly.
 
PLAN operations currently include:

  • A comminution facility in Spallumcheen, BC which is currently producing micronized minerals used by farmers in lieu of chemical fertilizers to promote healthy soils without the addition of chemicals,
  • A research lab in Calgary, AB focused on creating SCMs and associated technologies to sequester CO2 in concrete; and,
  • Three natural pozzolan properties in BC including our flagship Z1 Natural Pozzolan Quarry in Cache Creek, BC and our two pozzolan properties under development, the Z2 Natural Pozzolan Property near Falkland and the Heffley Creek Metals and Natural Pozzolan Property.

 
 
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
403-221-0915
888-221-0915
[email protected]
 
 
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.

Progressive Planet Appoints Mr. Peter Lacey to its Board

Vancouver, September 13, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce the appointment of Peter Lacey as an independent member of its Board of Directors, effective immediately.
 
Peter has a proven track-record of building companies, most notably growing a single John Deere dealership into a leading global company, TSX-listed Cervus Equipment Corporation (“Cervus”). Cervus operates 64 dealerships across Canada, Australia, and New Zealand with 2020 revenue of $1.2 billion. Peter is the founder, the long-time Chairman, and largest shareholder of Cervus, which recently announced that it had agreed to be acquired by Brandt Tractor Ltd. for $19.50 per share in cash, creating one of the largest privately-held dealership groups in the world. The transaction values Cervus at approximately $302 million.
 
“I am proud to have founded, grown, and provided an exit for our shareholders at Cervus,” states Peter Lacey. “With this chapter of my life closing, I am focusing my current efforts on early-stage companies focused on sustainability and the mitigation of climate change. I am enthused to be both an investor and a director of PLAN and look forward to using my experience in growing another public company.”
 
PLAN has granted 400,000 stock options to Peter exercisable for a period of 3 years. The options have been granted in accordance with the Company’s stock option plan.
 
“We are pleased to welcome Peter Lacey and honoured he has accepted our invitation to join our board as we continue to add world-class talent to the Company,” says Steve Harpur, CEO. “Peter’s experience in rolling-up businesses at Cervus will assist PLAN as we grow organically while also evaluating opportunities to grow through potential acquisitions of other natural pozzolan businesses or companies.”
 
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, British Columbia 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
 
or
 
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
[email protected]
 
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.

Progressive Planet Receives 91-Day RCP Results for PozGlass™ SCM

Vancouver, September 07, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce the positive 91-day Resistance to Chloride Ion Penetration (RCP) test results for its PozGlass™ SCM product. The Company is focused on delivering economic and eco-friendly solutions for the cement and concrete industry.
On June 23, 2021, PLAN announced the better-than-expected accelerated-cure RCP test results for PozGlass SCM. The 28-day accelerated-cure test results give an indication of the result expected at 91 days with standard curing. The Company is pleased to announce the 91-day RCP test results of 1035 Coulombs with 25% of Portland cement replaced with PozGlass SCM are identical to those received during the 28-day accelerated-cure test results.
“We believe PozGlass SCM will radically reduce the carbon footprint of cement through every step of the process,” stated Steve Harpur, CEO. “Lower permeability means longer-lasting concrete and less cement powder used in the future, which is key to reducing CO2 emissions.”
With the confirmation of the results, management remains optimistic that the market potential for the proprietary formulation and process in the blending of natural pozzolans and recovered post-consumer glass could be larger than originally expected.
On or before October 18, 2021, PLAN will be releasing the 6-month sulfate resistance test that began in April of this year. The test is the last remaining concrete durability test underway with C&CS Atlantic and represents another potential market size boost for PozGlass SCM.
Numerous precast and ready-mix concrete applications specify moderate-to-high resistance to sulfate attack and therefore require cement capable of resisting sulfate attack. Preliminary results from sulfate-resistance tests indicate that PozGlass SCM used at a 25% replacement for Portland cement significantly increases resistance to sulfate attack, as shown in the graph below:

Sulfate resistance helps protect against soils or ground waters where sulfate concentrations are higher than normal; often necessary in foundations such as basements and pilings. Sulfate resistant concrete is also widely used for concrete exposed to seawater and salt-water environments, in agriculture for structurally reinforced concrete exposed to manure and/or silage gases, and for concrete applications exposed to municipal sewage and industrial effluent.
PLAN is using the information gathered in these final phases of testing to facilitate early discussions with concrete producers, which has already met with success. The July 15 announcement of an LOI with ZS2 Technologies Ltd. stated PLAN will commence supplying ZS2 Technologies with commercial amounts of SCM product in Q4 2021, ramping up to 10,000 tons annually of Natural Pozzolan from PLAN’s Z1 Natural Pozzolan Quarry as the Company moves towards full-scale commercialization in Western Canada and the Pacific Northwest.
 
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, British Columbia 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
 
or
 
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
[email protected]
 
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.
 
 

Progressive Planet Receives Funding for Optimization of PozGlass™ SCM

Vancouver, September 01, 2021 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), is pleased to announce that it is receiving advisory services and funding of up to $100,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support the Company’s research and development project to optimize PozGlass™ SCM. The project furthers the Company’s path to commercialization of economic and eco-friendly cement powders to replace Portland cement and fly ash in the production of concrete.
In recent weeks, PLAN has successfully sequestered CO2 into the post-consumer glass in PozGlass SCM using a proprietary process. Early results show the carbonated glass improves performance and the emissions reduction potential of PozGlass SCM. A US provisional patent application has been filed by PLAN.
“It is exciting that our early efforts to permanently sequester carbon dioxide in glass have been successful,” states Steve Harpur, CEO. “With our NRC IRAP-supported project, we are seeking to further reduce the carbon footprint of PozGlass SCM by converting CO2 into carbonate, which is permanent carbon sequestration. It is our continued intention to rapidly commercialize PozGlass SCM as a substitute for a significant portion of Portland cement and fly ash used concrete mixes with PozGlass SCM possessing a fraction of the carbon footprint of both Portland cement and fly ash.”
Unlike the production of Portland cement and fly ash, the production of PozGlass SCM does not require high temperature roasting or generate huge amounts of off-gassed CO2.
 
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, British Columbia 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
 
or
 
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
[email protected]
 
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.