Progressive Planet Solutions Commences Field Trials And Ag-Tech Plant Construction

Progressive Planet Solutions commences field trials and ag-tech plant construction

Kamloops, September 22, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), a dominant manufacturer of agricultural, household and industrial products whose pioneering blue-sky technology turns post-consumer glass into high-performance cement using CO2sequestration, is pleased to announce the commencing of low-carbon cement field trials and Ag-Tech plant construction.

Commencing Field Trials

Earlier this month, PLAN received and commissioned a custom-designed batch ball mill ordered in January 2022. In the past, PLAN could only produce lab scale quantities of 100 grams per day. The new mill allows PLAN to produce 500kg of material per day, which is ample quantity for field trials in both the cement and agriculture industries.

Immediately upon receiving this mill, PLAN produced and dropped off 500kg of PozGlass™ SCM, PozDE™ SCM, and PozZeo™ SCM samples requested by three companies in Calgary. PozZeo SCM is a zeolite-based SCM designed for the magnesium cement industry.

Early Field Trial Results

ZS2 Technologies Ltd. (“ZS2”), one of the three companies provided samples, shared 7-day test results for a 33 weight-percent incorporation of PozGlass SCM and PozZeo SCM samples into their magnesium-based cement showing more than twice the required structural capacity of Portland cement.

“Progressive Planet has provided us a circular economy solution, a post-consumer glass product currently bound for landfill, and it has shown considerable strength benefits in our waste-to-cement products,” said Dr. Doug Brown, CTO of ZS2. “We are excited by the potential to further lower ZS2’s cement carbon footprint by being an early adopter in the commercialization of PozGlass SCM.  If lab results scale, we anticipate requirements in excess of several thousand tonnes in our Phase I plant’s first year of operation with Phase II deployment expected to exceed 20 thousand tonnes annually of PozGlass SCM.”

Actions To Enhance Gross Margins

A strategic implementation is underway to materially enhance gross margins showing progress to actions highlighted in the Management’s Discussion & Analysis For the Year Ended April 30, 2022 published on August 29, 2022 (the “MD&A”) filed on the SEDAR website: www.sedar.com.

At the date of acquisition, Progressive Planet Products Inc. (“PPP”) had 420 stock-keeping units (“SKUs”). As referenced in the MD&A, PLAN began an immediate analysis of all SKUs to reduce costs associated with frequent manufacturing line change-overs while recognizing that over 75% of sales come from just 30 SKUs. To date, PPP has achieved a 33% reduction in active SKUs and will continue this strategic consolidation with updates to follow.

Ag-Tech Plant Construction

As referenced in the MD&A, PLAN intends to process low-carbon cements and regenerative fertilizers in a separate building to the legacy operations, which would increase processing output while utilizing existing team members and equipment where possible. The expansion within existing space is made possible because of steps taken to optimize warehouse space as described in the MD&A. Construction of the standalone Ag-Tech plant is underway with the first line expected to be operational making regenerative fertilizer powders by October 17, 2022.

“PLAN operates a business that sells innovative products to customers in every province and every state,” says Steve Harpur, CEO of PLAN. “With a mandate to grow, we are committed to co-producing fertilizers and cements while maintaining our legacy business.”

Forward-Looking Statements:

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.  These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release.

Progressive Planet Solutions Announces Year End Results

Kamloops, August 29, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), a manufacturer of agricultural, household and industrial products whose pioneering technology turns post-consumer glass into high-performance cement using CO2 sequestration, is pleased to announce the financial results of its consolidated group of companies for the fiscal year ending April 30, 2022.

PLAN acquired Absorbent Products Ltd. (“APL”) on February 18, 2022. As a result, PLAN’s financial results include the revenues and expenses of APL for seventy-two days from February 18, 2022 to April 30, 2022.

Highlights include the following:

  • Revenue of $3,833,146 which consisted of 72 days of revenue from APL and,
  • Net loss for the year of $3,278,379

In the fourth quarter ending April 30, 2022, the PLAN Group of companies incurred certain one-time expenses associated with the acquisition of APL including the following:

  • Non-recurring legal, accounting, appraisal and valuation fees;
  • Non-recurring financing fees;
  • A non-cash expense of $1.08 million recorded for the issuance of 8.3 million warrants (strike price of $0.36) awarded for personal guarantees on $3 million of bank debt; and,
  • An increase in the costs of sales of over $300,000 due to the write up of starting inventory at APL at the date of acquisition as required by IFRS accounting standards.

In addition, APL incurred substantially higher freight costs than normal due to the rapid increase in the cost of diesel and labour shortages in the trucking industry along with the inability to pass on these higher costs to many customers until after the year end.

Significant price increases were successfully implemented to most customers after year end to address lower margins and higher freight costs. Further details on how management addressed the inflationary environment and the operations of APL are contained in the MD&A which can be found at www.sedar.com.

“Progressive Planet underwent a fundamental change in the last quarter of 2022,” stated Steve Harpur, CEO. “We purchased a business with mineral assets that we believe are underutilized and that provide core ingredients to make regenerative fertilizers and alternative cements from mineral powders produced as a by-product of APL’s business. Immediately upon taking over operations, we were faced with legacy customer relationships that were no longer profitable in the inflationary environment we inherited. Tough decisions were made in the short term to position the Company for better long-term growth (and we appreciate the support of our customers through this transition). Details of these decisions are contained in more detail in the MD&A.”

Mr. Harpur further commented, “In addition to adjusted pricing initiatives, our focus on operational efficiencies and continued capacity expansion efforts to meet increased demand should lay a strong foundation for PLAN’s future.”

Financial results for Q1 2023 (ending July 31, 2022) will be released on or before September 29, 2022 and will reflect the first full quarter of consolidated operations after the acquisition of APL.

Forward-Looking Statements:

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.  These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release.

Progressive Planet Solutions to Commence Trading on the OTCQB® Venture Market

Progressive Planet Solutions investors

Kamloops, August 17, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), a dominant manufacturer of agricultural, household and industrial products whose pioneering blue-sky technology turns post-consumer glass into high-performance cement using CO2 sequestration, is pleased to announce that it has been approved to commence trading of its common shares on the OTCQB® Venture Market (“OTCQB”), beginning today under the ticker symbol ASHXF.

“We are pleased to offer investors yet another avenue for trading our shares and look forward to increasing the awareness around our company for U.S. investors,” said Stephen Harpur, CEO of PLAN. “We believe that trading on the OTCQB® can lead to overall enhanced liquidity and visibility in global capital markets and we’re committed to driving greater investor participation while facilitating easier trading access.”

The OTCQB® is a leading market for early-stage and developing U.S. and international companies. Recognized as an established public market by the U.S. Securities and Exchange Commission, the OTCQB® has helped companies build considerable shareholder value including enhanced liquidity and valuation. Investors may benefit from efficient trading through their preferred broker or financial advisor, transparent pricing with real-time quotes, and trusted disclosure that is made broadly available to broker-dealers and market data providers.

The Company’s common shares will continue to trade on the TSX Venture Exchange under the symbol PLAN.

An application with the Depository Trust & Clearing Corporation (DTCC) is currently pending to further enable the easier electronic clearing and settlement of the Company’s common shares in the United States.

 

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

1-800-910-3072
[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. 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 application to the Depositary Trust & Clearing Corporation; the results of the Company’s shares trading on the OTCQB; 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 Finalizes 50% Purchase of Bromley Creek Mine with International Zeolite Corp.

Bromley Creek Zeolite BC

Kamloops, August 3, 2022, – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), a dominant manufacturer of agricultural, household and industrial products whose pioneering blue-sky tech turns post-consumer glass into high-performance cement using CO2 sequestration, is pleased to announce finalization of our amended agreement with International Zeolite Corporation (IZ)  to purchase 50% interest in IZ’s Bromley Creek Zeolite Mine. The agreement creates a systematic payment schedule over the next 5 years.

The amended agreement outlines the payment details for the 50% interest for $725,000. $101,933.76 has already been paid to IZ, with PLAN now holding a 7.03% interest in the Bromley Creek Zeolite Mine, located in Princeton, British Columbia. The remaining $623,006.24 is payable in 20 equal quarterly installments to March 2027, for the remaining 42.97% interest. In addition, IZ will receive a net royalty payment of $4.50 per metric tonne of product mined and removed from the mine. Progressive Planet Products remains the operator of the Bromley Creek Mine.

The amended agreement also formalizes the option granted to PLAN by International Zeolite to acquire up to a 50% interest in a separate group of mineral claims known as the “Sun Group” also located in Princeton, British Columbia, for an additional purchase price of $725,000.00, exercisable until July 26, 2027. To date, PLAN has acquired a 2.5% interest by paying $36,250.00.  PLAN has operated the Bud Bentonite Mine, also near Princeton, for over 24 years, so Princeton is a major operational hub for PLAN.

“With the Canadian government’s recently announced efforts to reduce greenhouse gas emissions from fertilizer use, zeolite holds massive potential for development of slow-release fertilizers and fertilizer optimization,” says Stephen Harpur, CEO of PLAN.

Prior to 2021, Progressive Planet’s zeolite sales comprised a small portion of our revenue. Since then, sales are increasing and one of PLAN’s top-10 customers now purchases Z-Lite™ Feed Additive in 25-tonne truckloads.  Zeolite is also the major component of Hydr8™ Soil Amendment, which PLAN co-packages in partnership with EcoHealth Industries of White Rock, BC.

“The purchase of 50% of the Bromley Creek Zeolite Mine signifies PLAN’s commitment to developing zeolite-based fertilizer and soil-amendment products,” says Ian Grant, COO of PLAN. “We have a world-class development team, which is evaluating the efficacy of the Bromley Creek zeolite as a component of nitrogen, phosphorous and potassium fertilizer blends.”

Progressive Planet Announces Acceleration of Warrants

Progressive Planet Products Kamloops

Kamloops, July 27, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), a dominant manufacturer of agricultural, household, and industrial products introducing blue-sky tech that turns post-consumer glass into high-performance cement using CO2 sequestration, announces that is providing notice by way of press release to the holders of warrants issued under the Company’s private placement of units which closed on January 20, 2021, exercisable at $0.15 per share.   The expiry date of such Warrants has now been accelerated, such that such Warrants will expire at 5:00PM (Pacific Standard time) on August 26, 2022, being that date, which is thirty (30) days from today’s date of July 27, 2022.

The shares of Progressive Planet Solutions have closed at a price higher than $0.25 per share as quoted on the TSX Venture Exchange (the “Exchange“) and also on all other securities exchanges, quotation systems and markets on which the common shares are listed and where a majority of the trading volume of such common shares occurs) for a period of ten (10) consecutive trading days from today’s date.  In accordance with the terms of the Warrants, PLAN is accelerating the expiry date of aforementioned Warrants, which was originally January 20, 2023.

Funds received from warrant holders who chose to exercise their warrants before their accelerated expiry will be used to fund the purchase of industrial scale equipment used to produce PozDE™ SCM as well as additional equipment used to make non-chemical fertilizers and soil amenders and for general working capital.

PLAN ordered an industrial scale disk pelletizer in May 2022 and is expecting receipt of this new piece of equipment in August 2022. The disk pelletizer will be used to make non-chemical fertilizer and soil amender pellets.

Since announcing our first order to blend a non-chemical soil amender for Eco Health Industries Ltd. (“Eco Health”) on July 5, 2022, PLAN has received two additional orders from Eco Health to blend Hydr8™ Soil Amendment – a combination of biochar, zeolite sourced from the Bromley Creek Mine, and humates. The addition of Hydr8 to native soils increases the viability of transplants and improves plant resistance to drought and stress. The first additional order is for a BC municipality in the Lower Mainland for use in urban forestry. The second additional order is for a well-known winery located in the Naramata Bench.

“With the current heat domes experienced right now in BC, PLAN is pleased to be making a product for Eco Health Industries which is designed to address soil compaction and to improve water use,” stated Steve Harpur, CEO of PLAN.

Progressive Planet Announces Patent Application Filing for PozGlass™ 100G

Kamloops, July 20, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), a dominant manufacturer of agricultural, household, and industrial products whose blue-sky tech that turns post-consumer glass into high-performance cement using CO2 sequestration, announces filing of a 156 country PCT patent application (PCT/CA2022/05111) (the “Application”) for a method of improving the properties of ground glass pozzolan. The Application claims priority to, and benefit of, United States provisional patent application No. 63/222912 filed July 16, 2021.

Concrete is the most widely used building material in the world. The production of Portland cement (the binder in concrete) generates approximately 8% of the world’s greenhouse gas emissions.

Ground glass pozzolan (finely ground post-consumer glass) has historically been used to replace up to 30% of cement in concrete to improve the performance characteristics and reduce its carbon footprint; however, it contains sodium. Sodium is an undesired material in concrete. When sodium is reduced, the ground glass pozzolan is stronger and better able to reduce alkali-silica reactivity (ASR). PLAN’s patent application describes a process where PozGlass™ 100G permanently sequesters CO2 while reducing sodium. The end-product is a ground glass pozzolan with a low carbon footprint, better strength, and better resistance to ASR.

“Having moved production in-house with the commissioning of the PozGlass 100G Demonstration Plant in June, results came down to the wire with our best results to date coming just 4 days prior to our application deadline of July 16,” said Ian Grant, COO of PLAN. “Being able to include these results in the patent was significant and couldn’t have happened without the sacrifices and extra efforts of our team. We are excited about the future of PozGlass 100G and proud of our in-house team of engineers, scientists, technicians, millwrights, and management which worked tirelessly to meet this patent deadline at the same time that we scaled up from lab scale to our bench scale system at our head office in Kamloops, BC.”

The next phase towards commercialization will increase the production rate of PozGlass 100G from bench to pilot scale. During pilot, PLAN will measure parameters such as:

  • How fast we can process the post-consumer glass;
  • Total energy consumed in production;
  • Total CO2 sequestered by the process; and,
  • Concrete performance.

PLAN will test several equipment options at each stage of the process to ensure maximum optimization and finalize plant design. The pilot scale project is projected to take 9 months.

Progressive Planet Announces Update on Regenerative Fertilizer and Soil Amendment Production

custom fertilizer blending

Kamloops, July 5, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), a disruptive innovator for cement and agricultural tech, announces expansion into custom-blended regenerative fertilizers and soil amendments using new specialty-blending equipment.

PLAN has performed seasonal, single-ingredient toll-processing of regenerative fertilizer powders since August 2020 at its pilot plant. The pilot plant has now been fully disassembled with all industrial-sized equipment moved to Kamloops.

Utilizing new blending equipment that came fully paid for with the acquisition of Absorbent Products, PLAN can now uniformly mix up to 20 tonnes per hour of multi-ingredient custom fertilizer powders to exact customer specifications.

Custom blends of fertilizers are applied at different times and for a variety of desired outcomes. For example, Hydr8™ Soil Amendment is a combination of biochar, zeolite, and humates in one easy to apply blend. The addition of Hydr8 to native soils increases the viability of transplants and improves plant resistance to drought and stress. This week, PLAN commenced first commercial production of Hydr8 in partnership with Eco Health Industries Ltd. (“Eco Health”).

“We developed Hydr8 in our own lab with small-scale trials over the last three years. After receiving our first commercial order from a famous 40-year-old winery in the Okanagan, we searched for a company to blend Hydr8 at scale. We attended the premises of Progressive Planet Products to witness the blending of Hydr8 and were impressed with the throughput and quality of their new blending equipment,” stated Darcy Lepine, co-owner of Eco Health. “The blending equipment gives me great confidence that Progressive Planet Products can scale processing of this exciting new product for our company without us having to invest in new equipment ourselves.”

The next phase of product offerings will be the ability to convert fertilizer powders into pellets to enable application of specialty fertilizer pellets using traditional broadcast fertilizer spreaders. To enter the pelleted fertilizer market, PLAN ordered a 16-foot-wide disc pelletizer in May 2022 and expects delivery of this pelletizer in August 2022 with plans to begin producing both single-ingredient and custom-blend regenerative fertilizer pellets in Fall of 2022.

Progressive Planet Announces Top Selling Product Approved For Use In Canadian Organic Production

Activated Barn Fresh

Kamloops, June 29, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), a disruptive innovator for cement and agricultural tech, is pleased to announce its top selling product, ACTIVATED BARN FRESH™ Poultry Litter Ammonia Control (theProduct”), appears in the Organic Materials Review Institute (“OMRI”) Canada Products List© as of June 1, 2022, confirming it can be used in certified organic production in accordance with the Canadian Organic Standards.

ACTIVATED BARN FRESH™ is the only organic-appropriate acidifier used to reduce ammonia in commercial broiler barns (patent US11089760B2). Previously approved for use in US Organic Production, more than 90 million chickens in the US breathe easier and live healthier lives each year because of ACTIVATED BARN FRESH. An OMRI Canada listing opens ACTIVATED BARN FRESH for sale to organic broiler producers in Canada for the first time.

“Canadians consume more chicken than any other meat protein, and to fill that demand Canadian producers raise more than 750 million chickens each year”, explained Steve Harpur, CEO of PLAN. “As farming intensity increases, producers need new tools to keep their birds healthy while also mitigating environmental impacts both inside and outside the barn. ACTIVATED BARN FRESH does just that and as a result is our top selling product.”

In addition to ACTIVATED BARN FRESH, FRESH COOP™ Odour Control appears in the OMRI Canada Products List© as of June 9, 2022. FRESH COOP (patent CA2890146C) is a deodorizer specifically for backyard chicken coops that eliminates harmful ammonia odours and results in a safer environment.

“As more and more Canadians take steps to ensure food security for their households, the popularity of backyard poultry has increased to include major urban centers,” said Barry Baker, Director of Sales at Progressive Planet Products.

PLAN now holds 32 OMRI listings for use in organic and conventional agriculture practices.

Progressive Planet Unveils New, High-Performing Pozzolan Made From Unique Mineral Asset

Kamloops, June 7, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), a disruptive innovator for cement and agricultural tech, is pleased to announce PozDE™ SCM, PLAN’s new supplementary cementitious material (SCM) made from diatomaceous earth (DE) that has received exceptional initial test results.

PozDE is produced solely from material sourced from PLAN’s flagship Red Lake Mine, just 56 km from its head office in Kamloops, BC. The DE is a unique blend that includes calcium bentonite and is one of two mines in the world which contain diatomaceous earth with calcium bentonite, and the only one in North America.

In initial ASTM C311 tests under the direction of Dr. Michael Thomas, PozDE registered a 7-day Strength Activity Index (SAI) value of 101% and a 28-day SAI value of 120% compared to the Portland cement control. Additionally, PozDE registered at 98% water-demand indicating less water to achieve an equivalent flow to the Portland cement control.

“Concrete producers want SCMs that increase performance of their mix while lowering their carbon footprint, without sacrificing workability. It is uncommon to see SCMs exceed the 7-day strength of the control Portland, so we are excited to see better strength while indicating lower water demand” said Ian Grant, COO of PLAN.

In 2021, PLAN’s subsidiary, Progressive Planet Products Inc. (formerly Absorbent Products Ltd.), processed 30,000 tonnes of DE from its Red Lake Mine, creating a large supply of powder as a byproduct. Historically, much of this powder was extruded to make more rock, a step requiring high energy to extrude, dry, and re-crush the rock. Using the powder byproduct as a SCM offers an excellent growth vertical for PLAN.

Based on the exceptional ASTM test results, PLAN is now focused on commercializing two SCMs:
PozDE™, which is made from 100% diatomaceous earth from the Red Lake Mine; and,
PozGlass™ 100G, which is made from 100% post-consumer glass using a patent pending process which also sequesters CO2 during the production process.

No further work will be conducted on blending glass with natural pozzolan and no further SCM work will be completed on natural pozzolan from the Z1 Quarry as the PozDE has superior attributes and the DE powder is already created as a byproduct of the legacy business of Progressive Planet Products Inc.

About Progressive Planet
Progressive Planet is a B2B disruptive tech innovation company providing circular solutions using micronized minerals for cement and agricultural sectors. PLAN is developing and producing a portfolio of proprietary solutions focused on sequestering CO2 and minimizing the carbon footprint of our customers.

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

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. 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 Promotes Ian Grant to Chief Operating Officer

Progressive Planet Products Inc

Kamloops, May 9, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), a disruptive innovator for cement and agriculture, is pleased to announce the promotion of Ian Grant to Chief Operating Officer.

The promotion of Mr. Grant comes on the heels of the Company completing its successful acquisition and integration with Absorbent Products Ltd. and its expansion of regenerative fertilizer operations. The Company is also pleased to announce that, effective May 2, 2022, Absorbent Products Ltd has changed its name to Progressive Planet Products Inc, with a brand transformation rolling out over the next few months that will bring exciting new opportunities for growth.

Previously serving as Vice President of Business Development, Grant brings years of leadership and industry experience to the COO position driving commercialization of PLAN’s initiatives in the low-carbon cement and regenerative fertilizer industries while collaborating with executive team members.

In his new role, Mr. Grant will work closely with CEO Steve Harpur to oversee operations and development of its micronized mineral technologies in addition to supporting the growth of the Company’s current lines of business. Grant has relocated his family to Kamloops, with Kamloops being the new joint head office for PLAN and Progressive Planet Products Inc.

Executing on the Company’s growth plan, Grant will be leading the shutdown of the seasonal regenerative fertilizer pilot plant in Spallumcheen, BC, moving key equipment to expand the full commercial plant in Kamloops, BC.

“Ian is knowledgeable and an effective leader – key attributes that I value and need in a COO as we continue to build toward the future,” said Steve Harpur, CEO of PLAN. “He’s played a central role in growing client relationships and navigating a changing marketplace that fully embraces sustainable innovation. We’re excited and fortunate to have Ian step into this expanded role.”

“Progressive Planet is loaded with a professional team that represents a new era of innovation and environmental science tailor-made for the low-carbon economy,’ said Ian Grant. “I look forward to driving adoption of the Company’s low-carbon cement and regenerative fertilizer products.”

About Progressive Planet

Progressive Planet is a disruptive tech innovation company providing circular solutions and earth-friendly micronized minerals that naturally unlock sustainability benefits across the cement and agriculture sectors. PLAN is developing and producing a portfolio of proprietary solutions focused on sequestering CO2 and minimizing carbon footprints to help our customers build, grow and operate more responsibly.