February 24, 2020, VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN-TSX:V) (“PLAN” or the “Company”) is pleased to announce it has signed an option agreement with Jeremy Marlow on a natural pozzolan property in Heffley Creek, BC.
To maintain and exercise the option granted, the Company will pay Mr. Marlow a total amount of $55,000 over a period of 48 months and incur a total of $275,000 in exploration expenditures on the property over a period of 48 months, commencing on the date that the Company receives all necessary prior approvals from the TSXV. Additionally, Mr. Marlow will retain a royalty of $8.00 per tonne of industrial mineral products produced from the property, subject to a 75% buyback right in consideration of $150,000. Mr. Marlow will also retain a 3% NSR Precious Metals Royalty subject to a 50% buyback right in consideration of $1,500,000. No shares will be issued under the option agreement.
PLAN optioned this property after conducting surface sampling which confirmed the presence of alumino-silicates (natural pozzolans), magnesium, and anomalous gold and silver. Five rock samples were taken and one soil sample. PLAN’s original interest in the property was for its potential as a further source of natural pozzolans near Kamloops, BC. When surface sampling was done to confirm the presence of natural pozzolans, it revealed the presence of anomalous gold and silver in the soil (0.28 g/tonne gold and 1.6 g/tonne silver). PLAN thus requested the precious metal rights to the property in addition to the industrial mineral rights originally sought. The vendor agreed to option the precious metals rights.
All testing was completed by the Kamloops office of the Metallurgy Division of ALS Global. Whole Rock Analysis was completed on four samples using borate fusion. The Precious Metals Analysis was completed on five samples using fire assay to measure gold, platinum, and palladium. Silver was measured using aqua regia digestion.
All samples were grab samples and are not necessarily representative of the mineralization hosted on the property. PLAN intends to complete more comprehensive soil sampling on the property in the second quarter of 2020 once the snow in the area is melted.
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.
In conjunction with the option agreement, PLAN also signed a consulting agreement with Mr. Marlow whereby Mr. Marlow will assist with exploration work conducted on the property in the first two years of the option agreement. Terms of the consulting agreement including paying Mr. Marlow a minimum of $9,800 in 2020 and an additional $9,800 in 2021 to assist with exploring the Heffley Creek property. In addition, the Consultant will receive 50,000 stock options of PLAN in 2020 and an additional 50,000 stock options in 2021, subject to PLAN’s stock option plan and the policies of the TSX Venture Exchange.
Mr. Marlow is an arm’s length party to the Company.
The option agreement remains subject to the Company receiving all necessary prior approvals from the TSX Venture Exchange.
PLAN is currently seeking to increase its natural pozzolan assets in the Kamloops area of BC. Pozzolans are receiving more interest from the cement industry as the commercial supply of fly ash is diminishing with the continued closure of coal fired power plants in Alberta and Saskatchewan. Our permitted mine, the Z1 Zeolite Quarry, is located within a one-hour drive of Kamloops and the Z2 Natural Pozzolan Property near Falkland, BC is also approximately a one-
hour drive from Kamloops. Kamloops offer railway access and the ability to serve both the local market, the Lower Mainland of BC and the Calgary to Lethbridge corridor of Alberta.
“I am keen to see this Heffley Creek Property systematically explored. We are excited about its proximity and easy access. It is approximately a 25-minute drive from Kamloops, BC. This property was explored by LaFarge Canada in 1999 where they drilled an alumino-silicate rich area (natural pozzolan) of the property. While our primary interest is the natural pozzolans, we intend to conduct further soil sampling at the property in the Spring of 2020 in search of gold and silver” stated Steve Harpur, CEO.
“It was a pleasure to work again with Steve and the team at PLAN while they did due diligence on the Heffley Creek Property before signing the option agreement. I am excited to see this property further explored for both its industrial mineral content as well as for gold and silver. I am also pleased to be part of the team which will conduct exploration on the property over the next two years,” stated Jeremy Marlow.
Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in Cache Creek, British Columbia. Progressive Planet is committed to using mineral resources to provide solutions for a livable planet.
ON BEHALF OF THE BOARD
Signed “Stephen Harpur”
Stephen Harpur, CPA, CGA, CEO
For further information or investor relations inquiries, please contact us:
1-800-910-3072
Investors@progressiveplanet.ca
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 Appoints Experienced Mining Engineer as COO
February 04, 2020, VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN-TSX:V) (“Progressive Planet”, “PLAN” or the “Company”) announces the hiring of an experienced Mining Engineer, Mr. Michal Wypych (Mike) for the newly created position of Chief Operating Officer (COO) for PLAN.
Mike has over 15 years of experience working in the mining industry and possesses both a Mining Engineering degree and an MBA. He has planned and overseen the execution of millions of dollars in projects throughout his career where he has held roles in project management and mine planning. Mike has been employed in the past by large multinational mining organizations and has also performed contract work for the largest cement company in Canada.
“I originally met Mike when he was independently conducting testing on supplementary cementing materials and requested samples from the Z1 for his own testing. This initial meeting lead to collaboration on testing several supplementary cementing materials and associated contractual work. I am delighted that Mike has agreed to come on as PLAN’s COO, where he will start by working two days per week. As PLAN grows, this will become a full-time position. We are very pleased at being able to attract a COO with Mike’s experience.” stated Steve Harpur, CEO of PLAN.
“I’m motivated to join a growing organization whose business objectives align with my skill set and vision for the future. PLAN has various opportunities on the horizon which I am excited to support and help transition into long term growth for the company. I intend to reflect my dedication to safety, environmental stewardship, and meaningful engagement with all stakeholders in carrying out my role as COO.” stated Mike Wypych, COO of PLAN.
In separate news, PLAN announces the grant of up to 1,040,000 options that will be granted to Insiders and employees of the company, as well as Advisory Board Members, exercisable at a price of $0.06 for a period of two years from the date of grant.
The options have been granted in accordance with the Company’s stock option plan.
Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in British Columbia and is earning an 100% option on the Z2 Zeolite Property near Falkland, BC and a 100% interest in the Buckingham Graphite Project in Quebec.
ON BEHALF OF THE BOARD
Signed “Stephen Harpur”
Stephen Harpur, CPA, CGA, CEO
For further information or investor relations inquiries, please contact us:
1-800-910-3072
Investors@progressiveplanet.ca
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 Post Consolidated Second Tranche of Non-Brokered Private Placement
January 29, 2020, VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN-TSX:V) (“Progressive Planet”, “PLAN” or the “Company”) announces that, further to its news releases dated December 4, 2019 and December 24, 2019, the Company has closed the second tranche of the private placement comprising of 2,010,000 “hard dollar” units at $0.06 per unit for total proceeds of $120,600.
Each “hard dollar” unit comprises one common share and a share purchase warrant entitling the holder to purchase an additional share in the Company for $0.075 a share if exercised on or before July 29, 2020. Securities will bear legends restricting resale until May 30, 2020.
Subscribers include Investor News Network (INN). INN is a digital media company with whom the Company has entered into a service agreement, pursuant to which INN will provide comprehensive digital media services. INN provides news and education for investors in over 40 targeted categories with the opportunity to connect educated investors with trusted companies. Proactive Investors is also a digital media company, with which PLAN recently renewed an annual contract for the provision of video and editorial services.
The Company will use the proceeds from private placement for general working capital, and to repay unsecured indebtedness owing by the Company to David Richardson, a non-arm’s length party to the Company for reason of holding over 10% of the issued and outstanding shares of the Company. In addition, proceeds from the private placement in the amount of $36,000 will be used to pay INN and $15,000 will be used to pay Proactive Investors for digital media services.
There were no finder’s fees paid with respect to the hard dollar tranche of the private placement.
Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in British Columbia and is earning an 100% option on the Z2 Zeolite Property near Falkland, BC and a 100% interest in the Buckingham Graphite Project in Quebec.
ON BEHALF OF THE BOARD
Signed “Stephen Harpur”
Stephen Harpur, CPA, CGA, CEO
For further information or investor relations inquiries, please contact us:
1-800-910-3072
Investors@progressiveplanet.ca
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 Flow Through Consolidated Non-Brokered Private Placement
December 24, 2019, VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN-TSX:V) (“Progressive Planet”, “PLAN” or the “Company”) announces that, further to its news release dated December 4, 2019, the Company has closed the first tranche of the private placement comprising of 2,705,000 “flow through” units at $0.07 per “flow through” unit for total proceeds of $189,350.
Each unit comprises one common share issued on a “flow through” basis and a share purchase warrant entitling the holder to purchase an additional share in the Company for $0.075 a share if exercised on or before June 23, 2020. Securities will bear legends restricting resale until April 24, 2020.
The Company will use the proceeds from the private placement for qualifying exploration expenditures.
There were no finder’s fees paid with respect to the “flow through” tranche of the private placement.
Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in British Columbia and is earning a 100% option on the Z2 Zeolite Property near Falkland, BC.
ON BEHALF OF THE BOARD
Signed “Stephen Harpur”
Stephen Harpur, CPA, CGA, CEO
For further information or investor relations inquiries, please contact us:
1-800-910-3072
Investors@progressiveplanet.ca
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.
Progressive Planet Solutions Announces Approval of Consolidation
December 16, 2019, VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN-TSX:V) (“Progressive Planet”, “PLAN” or the “Company”) announces that, further to its news release dated December 4, 2019, effective Friday, December 20, 2019 at market open, the Company will consolidate its common shares on the basis of one (1) post-consolidation common share for every three (3) pre-consolidation common shares.
The Company will have a total of approximately 22,139,712 post-consolidation common shares issued and outstanding.
The consolidation was approved by the directors of the Company and has received approval from the TSX Venture Exchange.
PLAN is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in British Columbia. PLAN also has a right to earn a 100% interest in the Z2 Zeolite Property near Falkland, BC. Progressive Planet is committed to using mineral resources to provide solutions for a livable planet.
ON BEHALF OF THE BOARD
Signed “Stephen Harpur”
Stephen Harpur, CPA, CGA, CEO
For further information or investor relations inquiries, please contact us:
1-800-910-3072
Investors@progressiveplanet.ca
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 Agreement with University of Alberta on Developing Fly Ash Alternative
DECEMBER 9, 2019 – VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN: TSX-V) (“Progressive Planet” or “PLAN”) announces that it has signed an agreement with the University of Alberta to modify the rheology of its zeolite from the Z-1 Zeolite Quarry so that it possesses similar rheology to commercially available fly ash. The University will immediately commence this work with the project ending on April 30, 2020. The value of the contract is $20,000.
The Government of Canada has mandated an accelerated, nationwide phase-out of coal-fired power by the end of December 2029. Class F fly ash used in Canada comes primarily from the burning of coal at multiple power plants in Alberta and Saskatchewan. With this phase out, new supplementary cementing materials will need to fill this void.
The project will be undertaken under the direction of Dr. Vivek Bindiganavile. Dr. Bindiganavile received his PhD in Civil Engineering Materials from the University of British Columbia in 2003. Dr. Bindiganavile has decades of experience in cement and concrete research and has been published in many journals and presented at many conferences as can be seen at
https://www.ualberta.ca/engineering/faculty/vivek-bindiganavile
“I visited the Z1 Quarry in BC in the summer of 2019 and brought some samples back to our laboratory. Over the past year, my research team has conducted a preliminary examination on Z1 for its chemical composition and physical characteristics. Based on the chemical analysis, we believe that the Z1 has potential for use as a supplementary cementing material. We have now embarked on this collaborative research partnership to address the impact on fresh concrete rheology when up to 20% of Portland cement is replaced with the same weight of Z1 Zeolite.”
“We have spent the last year conducting ASTM testing on Z1 Zeolite and one challenge to bring this material to market relates to it possessing similar rheology to fly ash. Rheology is often referred to as “slump” in the concrete industry. Ready mix cement with fly ash added to it flows very easily and we are seeking to modify our zeolite so that fresh concrete which includes our zeolite flows in a similar fashion.” stated Steve Harpur, CEO of PLAN.
PLAN is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in British Columbia. PLAN also has a right to earn a 100% interest in the Z2 Zeolite Property near Falkland, BC. Progressive Planet is committed to using mineral resources to provide solutions for a livable planet.
ON BEHALF OF THE BOARD
Signed “Stephen Harpur”
Stephen Harpur, CPA, CGA
CEO
For further information or investor relations inquiries, please contact us:
1-800-910-3072
Investors@progressiveplanet.ca
www.progressiveplanet.ca
Forward-Looking Statements:
Some of the statements in this news release contain forward-looking information that involves inherent risk and uncertainty affecting the business of Progressive Planet Solutions Inc. Actual results may differ materially from those currently anticipated in such 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 Exchange Approval of 2nd Zeolite Property in BC and Announces First Toll Processing Contract Completed
October 18, 2019, VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN-TSX:V) (“PLAN” or the “Company”) is pleased to announce it has received TSX Venture Exchange approval of its option agreement with Jeremy Marlow on the Z2 Zeolite property near Falkland, BC.
To maintain and exercise the option granted, the Company will pay Mr. Marlow a total amount of $26,000 over a period of 36 months, issue a total of 500,000 common shares over a period of 36 months, and incur a total of $200,000 in exploration expenditures on the zeolite property over a period of 36 months. Additionally, Mr. Marlow will retain a royalty of $8.00 per tonne of mineral products produced from the property, subject to a 50% buyback right in consideration of $75,000. All shares issued under the option agreement will be subject to a 4 month hold period. A finder’s fee of 50,000 shares of the company will be issued to Jacques Levesque of Ashcroft, BC.
On a separate note, PLAN completed its first ever toll processing contract whereby it used existing equipment to size reduce limestone for a third-party client.
“Our business model of building capacity to size reduce glacial moraine rock into rock dust and to micronize zeolite involves procuring additional equipment which can also be used to size reduce limestone, gypsum, basalt, soft rock phosphates, and other industrial minerals. As we grow our company, we will be seeking additional opportunities to complete toll processing for third parties,” stated Steve Harpur, CEO.
Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in Cache Creek, British Columbia. Progressive Planet is committed to using mineral resources to provide solutions for a livable planet.
ON BEHALF OF THE BOARD
Signed “Stephen Harpur”
Stephen Harpur, CPA, CGA, CEO
For further information or investor relations inquiries, please contact us:
1-800-910-3072
Investors@progressiveplanet.ca
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 Files Provisional Patent
October 15, 2019, VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN-TSX:V) (“PLAN” or the “Company”) announces that it has filed a United States Provisional Patent Application on October 11, 2019 for “pelleted fertilizer product incorporating biomass as a binder.”
PLAN was aware that the amount of biomass generated as a waste product when hemp and cannabis are grown to produce cannabinoids is increasing rapidly in North America. This material does not compost quickly due to its composition while sending it to landfill creates methane, a very harmful greenhouse gas. PLAN believed this biomass would be an excellent candidate as a binder for various minerals that are used as fertilizers and soil amenders. PLAN produced pellets using waste cannabis biomass to bind various minerals and these pellets possessed good durability.
The inventors include two directors of PLAN, Steve Harpur and Edward Beggs, and two employees of InnoTech Alberta, Earl Jenson and Ataullah Mohammed. All inventors assigned their rights to PLAN.
“I am very excited that our team created a value-added product out of a waste stream. PLAN received input from industry seeking a fertilizer pellet which contains carbon as a binder for minerals used in agriculture. Creating a pellet as a delivery mechanism was desirable to farmers as pellets generate less dust than powders when applied to farmers’ fields,” stated Steve Harpur, CEO of PLAN.
Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in Cache Creek, British Columbia. Progressive Planet is committed to using mineral resources to provide solutions for a livable planet.
ON BEHALF OF THE BOARD
Signed “Stephen Harpur”
Stephen Harpur, CPA, CGA, CEO
For further information or investor relations inquiries, please contact us:
1-800-910-3072
Investors@progressiveplanet.ca
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.
Finder’s Fee on Option Of 2nd Zeolite Property in BC
October 07, 2019, VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN-TSX:V) (“PLAN” or the “Company”) announces that further to its news release of October 4, 2019 announcing the option of a second zeolite property in BC, a finder’s fee of 50,000 shares of the company will be issued to Jacques Levesque of Ashcroft, BC, subject to Exchange approval. Mr. Levesque is at arm’s length to PLAN.
Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in Cache Creek, British Columbia. Progressive Planet is committed to using mineral resources to provide solutions for a livable planet.
ON BEHALF OF THE BOARD
Signed “Stephen Harpur”
Stephen Harpur, CPA, CGA, CEO
For further information or investor relations inquiries, please contact us:
1-800-910-3072
Investors@progressiveplanet.ca
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 Option of 2nd Zeolite Property in BC
October 04, 2019, VANCOUVER, B.C. – PROGRESSIVE PLANET SOLUTIONS INC. (PLAN-TSX:V) (“PLAN” or the “Company”) is pleased to announce it has signed an option agreement with Jeremy Marlow on a zeolite property near Falkland, BC.
To maintain and exercise the option granted, the Company will pay Mr. Marlow a total amount of $26,000 over a period of 36 months, issue a total of 500,000 common shares over a period of 36 months, and incur a total of $200,000 in exploration expenditures on the zeolite property over a period of 36 months, commencing on the date that the Company receives all necessary prior approvals from the TSXV. Additionally, Mr. Marlow will retain a royalty of $8.00 per tonne of mineral products produced from the property, subject to a 50% buyback right in consideration of $75,000. All shares issued under the option agreement will be subject to a 4 month hold period.
PLAN optioned this property after conducting surface sampling which confirmed the presence of zeolite on the property through XRD analysis. In addition, engineers working with PLAN to develop supplementary cementing materials out of zeolite conducted Strength Activity Index tests (ASTM C618) on two samples taken from the property and received results of 110% and 103% versus a straight-cement control mixture. This indicates the potential for improved concrete strength when utilizing this zeolite and compares well with commercially available fly ash.
The option agreement remains subject to the Company receiving all necessary prior approvals from the TSX Venture Exchange.
“PLAN is currently seeking to increase its zeolite assets in light of the new market for zeolite to denature cannabis and hemp after cannabinoid extraction. I personally took the samples from the property which we tested, and I am keen to see this property systematically explored. We are naming this property the Z-2. We are excited about its proximity and easy access. It is approximately a 45-minute drive from our facilities in Spallumcheen, BC,” stated Steve Harpur, CEO.
“It was a pleasure to work with the management team of PLAN while they did due diligence on the Z-2 before signing the option agreement. During multiple site visits by their CEO and geologist, their team was professional, and I am excited to see this property further explored,” stated Jeremy Marlow.
Progressive Planet is a Canadian based mineral exploration company with its flagship Z1 Zeolite Quarry in Cache Creek, British Columbia. Progressive Planet is committed to using mineral resources to provide solutions for a livable planet.
ON BEHALF OF THE BOARD
Signed “Stephen Harpur”
Stephen Harpur, CPA, CGA, CEO
For further information or investor relations inquiries, please contact us:
1-800-910-3072
Investors@progressiveplanet.ca
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.