Progressive Planet Announces Sustainable Fertilizer and Agriculture Operations Expansion

Progressive Planet Announces Sustainable Fertilizer and Agriculture Operations Expansion

  • Secures purchase order increase from Fertoz Ltd. for additional soft rock phosphate production to fill market gap for sustainable fertilizer
  • Use of micronized minerals as fertilizer shown to substantially increase carbon sequestration in soil, reduce nitrous oxide emissions and improve overall crop yields
  • Completes successful operational integration with recently closed acquisition Absorbent Products Ltd.

 
Vancouver, BC, March 10, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), an emerging technology provider of innovative circular solutions and eco-friendly micronized minerals for agriculture, construction and industry, is pleased to announce it is leveraging recent R&D activity to expand operations and become a national toll processing provider of micronized minerals in the natural and organic fertilizer industry.

The Company also announces an expanding business relationship with Fertoz Ltd (ASX: FTZ) (“Fertoz”), having received a new Purchase Order for additional comminution services focused on micronizing soft rock phosphate for use as organic fertilizer. All processing and production will be carried out at the recently-acquired Absorbent Products manufacturing  facility in Kamloops, BC, which will support the Company’s plans to significantly scale customized toll processing and production work.

“We’ve identified carbon sequestration as a massive opportunity area across the agricultural industry. This is where science and technology come together and help break down, activate and release mineral nutrients and other building blocks essential to all agriculture practices,“ said Ian Grant, VP of Business Development, Progressive Planet. “Micronized mineral toll processing is a key that opens doors to everything from soil restoration to greenhouse gas reduction to reducing dependency on chemical fertilizers.”

When micronized minerals such as soft rock phosphate are applied to farming fields, there’s a correlation between increased yields and plant biomass, organic matter build up and carbon sequestration where carbon is effectively transformed and trapped in soil. Soil is the second biggest carbon sink after the oceans, and is not only considered by many experts to be the most logical place to put excess carbon, but also shows additional benefits such as increased crop yields and soil moisture retention.

Worth an estimated $170B, the global fertilizer industry is currently dominated by synthetic based fertilizers that incorporate nitrogen, phosphorus, potassium and other nutrients. However, the price of chemical-based fertilizers, in addition to herbicides, land, and labor have altered the supply chain. Raw materials and production costs have risen, and when combined with recent geopolitical events and strong demand, fertilizer prices are at an all-time high.

PLAN is working with customers who service the agricultural industry and are targeting end consumers who are looking for chemical free-soil additives and fertilizers that work just as well, or better, than chemical alternatives. Local regulations banning chemical soil additives, along with general health concerns, are also prompting many throughout the agricultural industry to move to natural and organic fertilizers.

“As companies move toward natural alternatives, they are looking for partners that can provide high-quality, low-carbon products while having flexibility to manufacture large quantities of multiple formulations without supply chain constraints,” Grant continued. “Equally important, to be certified as an organic micronized mineral, companies must certify that their comminution process is free of non-organic materials, and that the end product has not been contaminated.  PLAN enjoys a unique competitive advantage in these areas, making us a valuable supply chain partner.”

Progressive Planet specializes in custom toll processing services, offering clients a wide variety of precision particle configurations of varying sizes and tailored to their specifications. The Absorbent Product acquisition has brought two complementary companies together, unifying top-notch talent and state-of-the-art equipment and facilities under one shared vision to begin meeting the growing demands of the natural and organic fertilizer industry.

Progressive Planet’s mission is to strengthen industry through sustainable innovation, providing earth-conscious pathways and products that radically decarbonize concrete production and re-mineralize agricultural operations. Our circular solutions and portfolio of micronized minerals represent 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 man-made byproducts.   

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 construction, agriculture and industrial sectors. Tapping into the earth’s inherent binding powers and properties, 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.

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

1-800-910-3072
Investors@progressiveplanet.ca
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 Closes Final Tranche of Private Placement for Total Proceeds of $6.22M

Vancouver, BC, February 28, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), an innovative provider of eco-friendly micronized minerals and circular solutions for construction, agricultural, animal health, and industrial sectors, is pleased to announce that it has closed the final tranche of its private placement, announced December 24, 2021.   The final tranche was comprised of 6,293,140 units for additional gross proceeds of $2.20 million.
Pursuant to the final tranche closing, the Company issued a total of 6,293,140 units, each unit comprised of one common share and one warrant exercisable at $0.60 for two years (expiring February 18, 2024), subject to acceleration in the second year if the Company’s shares trade at over $0.75 per share for a period of ten trading days. Together with the first tranche closing on February 10, 2022, the Company issued an aggregate total of 17,763,640 units for aggregate gross proceeds of $6.22 million.

A portion of the overall financing proceeds were used to complete the Company’s acquisition and February 18,2022 closing of Absorbent Products Ltd. (“APL”), a dominant manufacturer of mineral-based products derived from diatomaceous earth, zeolite, and bentonite. The remaining proceeds will be used to fund further APL mineral property development, to expand comminution business operations into APL’s premises as part of its head office relocation and for APL debt retirement purposes.

PLAN will continue to support current APL business operations and eco-conscious product lines, while retaining all patents and intellectual property rights to help further additional developments in sustainable cement, crop nutrition and other areas.
Four insiders participated in this private placement, including David Richardson, a “control person” of the Company by reason of holding, directly and indirectly, more than 20% of the Company’s issued shares. Mr. Richardson purchased 300,000 units through his company Countryman Investments Ltd., for a total of $105,000. Immediately prior to his participation, Mr. Richardson held 20,148,499 common shares of the Company and 5,725,000 share purchase warrants, directly and indirectly, representing 35.52% of the outstanding shares (calculated on a partially diluted basis assuming exercise of such warrants) prior to the completion of the private placement and aforementioned acquisition. With his participation, Mr. Richards’s direct and indirect shareholdings will represent 28.06% of the outstanding shares, on a partially diluted basis assuming exercise of his warrants.

Finder’s fees of $175,618 were paid to agents of the Company, alongside 501,767 agent’s warrants exercisable at $0.35 per share until February 18, 2023.The shares and warrants comprising the units sold in the offering, the agent’s warrants, and the shares underlying the warrants and agent’s warrants, are subject to a four month hold period expiring June 19, 2022.

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, agriculture, and industrial sectors. 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, live, and operate more responsibly.
For further information or investor relations inquiries, please contact us:

1-800-910-3072
Investors@progressiveplanet.ca
www.progressiveplanet.ca

or
 
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com

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 Company’s anticipated use of proceeds from the completed private placement financing. 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 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 Closes Acquisition of Absorbent Products Ltd.

Acquisition significantly increases PLAN’s mineral operations, portfolio of eco-conscious product lines and global distribution infrastructure
Vancouver, BC, February 22, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), an innovative provider of eco-friendly micronized minerals and circular solutions for construction, agricultural, animal health and industrial sectors, is pleased to announce that it has closed its previously announced acquisition of Absorbent Products Ltd. (“APL”), a dominant manufacturer of mineral-based products derived from diatomaceous earth, zeolite, and bentonite (the “Acquisition”).
PLAN will continue to support current APL business operations and eco-conscious product lines, while retaining all patents and intellectual property rights. In addition, PLAN intends to advance further development in sustainable cement, crop nutrition and other areas.
“This acquisition strengthens our leadership base and will help accelerate our sustainable innovation growth opportunities,” said Steve Harpur, CEO of Progressive Planet. “We’ve now secured access to rich supplies of natural pozzolans including diatomaceous earth, bentonite and zeolite, all of which are key to our providing the next generation of materials, many of which have the added benefits of helping to minimize carbon footprints, improve biodiversity and sequester greenhouse gasses. On this day of celebration, we wish to extend our thanks to Peter Aylen and acknowledge his work to build this company over the last 3 decades. To the other shareholders who are remaining in management positions, we look forward to collaborating with you to expand Absorbent’s products offerings to the agricultural and alternative cement products sectors.”
With the completion of the acquisition, the Company will relocate its head office to Kamloops, British Columbia to be closer in proximity to its current and newly acquired mineral properties.
The Acquisition
Under the acquisition, the Company assumes control of all the outstanding securities of APL. At closing, the Company paid the former APL shareholders $8,922,933, assumed $2,118,231 of debt, and issued 3,428,570 common shares at a price of $0.35 per share. The shares issued have a four month hold period expiring June 19, 2022.
An additional $1.8 million will be paid in equity consideration on an annual basis over the next two years, with shares to be issued at a deemed price per share equal to the greater of (a) $0.35 per share or (b) the 50-day volume weighted average trading price of the Company’s common shares in the days immediately preceding each issuance.
Private Placement Update
Further to the Company’s news release on February 10, 2022, the Company anticipates a second and final tranche of its private placement offering of units to close on Wednesday, February 23, 2022. The second tranche will be for a minimum of 6.0 million additional units, each unit being comprised of one common share and one warrant exercisable at $0.60 per year for a period of two years from issuance. If, in the second year of the exercise period, the Company’s common shares trade on the TSXV for greater than $0.75 per share for a period of ten trading days, the exercise period may be accelerated.
Proceeds from the second tranche closing will be used to assist retirement of the APL debt assumed by the Company under the acquisition, as described above, or for integrating the Company’s comminution business into APL’s premises as part of its head office relocation.

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, agriculture, animal health and industrial sectors. 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, live, and operate more responsibly.
For further information or investor relations inquiries, please contact us:

1-800-910-3072
Investors@progressiveplanet.ca
www.progressiveplanet.ca

or
 
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com

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 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 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 Closes First Tranche of Private Placement for Gross Proceeds of $4,014,675

Second Close of Additional $1,505,000 Expected Shortly
 
Vancouver, BC, February 10, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”) is pleased to announce that, further to its December 24, 2021 news release, it has closed a non-brokered first tranche of its private placement financing of units (the “Offering”) for gross proceeds of $4,014,675.
Under the first tranche, 11,470,500 units were sold at $0.35 per unit. Each unit is comprised of one common share and one warrant, with each warrant exercisable at $0.60 per share for a period of two years from issuance. If, in the second year of the exercise period, the trading price of the Company’s common shares on the TSXV is greater than $0.75 per share for a period of ten trading days, the exercise period may be accelerated.
Each of the first tranche shares, warrants and common shares underlying the warrants are subject to a four month hold period expiring June 10, 2022.
Proceeds from the first tranche will be used toward payment of the cash consideration payable by the Company in its acquisition of Absorbent Products Ltd. (“APL”), to fund the recommended work program with respect to APL’s mineral properties, and to assist with APL debt retirement assumed by the Company under the acquisition.
 
A second tranche of confirmed orders for at least 4.3 million additional units, for gross proceeds of at least $1,505,000, is expected to close shortly.  The Company anticipates that 300,000 units in the additional tranche will be subscribed for, directly or indirectly, by George David Richardson. In addition, 50,000 units will be subscribed for, directly or indirectly, by Stephen Harpur, PLAN’s CEO. Three shareholders of Absorbent Products will also subscribe for an aggregate of 1,745,000 units. The Company will provide further update when the additional tranche has closed.
Completion of aforementioned acquisition remains subject to, among other things, final approval by the TSXV and fulfillment of TSXV requirements. There is no assurance or guarantee that the acquisition will be completed as described or at all.
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 SCM’s 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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
 
or
 
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
 
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 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 ENGAGES BANK OF MONTREAL TO UNDERWRITE DEBT TO PROCEED WITH ACQUISITION OF ABSORBENT PRODUCTS LTD.

PROGRESSIVE PLANET ENGAGES BANK OF MONTREAL TO UNDERWRITE DEBT TO PROCEED WITH ACQUISITION OF ABSORBENT PRODUCTS LTD.
 
Vancouver, BC, January 28, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”) is pleased to announce that the Company has engaged the Bank of Montreal to underwrite the debt component of the consideration to close the acquisition of Absorbent Products Ltd. (“Absorbent Products” or “APL”).  More information about the Proposed Transaction is included in the press release dated December 24, 2021.
 
“Today marks another important milestone for Progressive Planet, having engaged Bank of Montreal to underwrite the debt component of the consideration,” stated Steve Harpur, CEO.
 
Progressive Planet has received terms from BMO to provide $8,683,000 in total new secured debt under 3 separate loan facilities including the following:
 

  • $723,000 loan facility at prime plus 1.75% for a period of 6 years;
  • $990,000 loan facility at prime plus 1.25% for a period of 5 years; and,
  • $6,970,000 loan facility at prime plus 0.75% for a period of 25 years.

 
The completion of the underwriting and provision of the debt is subject to, among other things, the following terms and conditions:
 

  • Payment of a non-refundable underwriting fee of $50,000. This $50,000 fee has been paid effective today, January 28, 2022;
  • Completion of personal guarantees by 3 insiders of PLAN for an aggregate of $3 million for a period of 3 years; and,
  • Registration of typical security interests associated with corporate lending, including but not limited to general security interests to be granted by PLAN and APL over their respective assets, and the registration of indebtedness mortgages on the five long term industrial leases owned by APL.

 
The personal guarantees will be provided by the following individuals:
 

  • George David Richardson to personally guarantee $1.25 million of the total debt for a period of 3 years;
  • Peter Lacey to personally guarantee $1.25 million of the total debt for a period of 3 years; and,
  • Chris Halsey-Brandt to personally guarantee $500,000 of the total debt for a period of 3 years.

 
In consideration of these personal guarantees, PLAN intends to issue warrants to each of the guarantors as loan bonuses in the following amounts:
 

  • George David Richardson – 3,472,222 warrants giving the right to purchase shares of PLAN at $0.36 per share for period of 3 years.
  • Peter Lacey – 3,472,222 warrants giving the right to purchase shares of PLAN at $0.36 per share for period of 3 years.
  • Chris Halsey-Brandt – 1,388,888 warrants giving the right to purchase shares of PLAN at $0.36 per share for period of 3 years.

 
The issuance of the warrants is subject to the approval of the TSX Venture Exchange, the warrant term is subject to acceleration if any debt is repaid early in accordance with TSXV policies, and will be subject to resale restrictions under applicable securities laws.
 
“I wish to personally thank Dave, Peter, and Chris for undertaking these personal guarantees which enabled PLAN to borrow money at the terms outlined in this news release. We are truly grateful to have such commitment from key shareholders,” stated Steve Harpur, CEO.
 
PLAN has received written commitments in excess of the 13.5 million units announced in the private placement announced on Dec 24, 2021 and intends to rely on the overallotment option to complete the private placement. Closing of the private placement is contingent on TSXV approval of the APL purchase and the placement will close in conjunction with closing of the APL purchase.
 
PLAN is now working on formalizing the terms and conditions to complete the debt financing and is also working to complete the terms and conditions to procure TSXV’s final approval of the APL purchase transaction.
The completion of the Proposed Transaction remains subject to, among other things, final approval by the TSXV and fulfillment of TSXV requirements. There is no assurance or guarantee that the acquisition will be completed as described or at all.
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 SCM’s 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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
 
or
 
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
 
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

PROGRESSIVE PLANET ENGAGES PYROGENESIS CANADA INC FOR POZGLASS 100G SCM OPTIMIZATION FEASIBILITY STUDIES

  • PROGRESSIVE PLANET ENGAGES PYROGENESIS CANADA INC FOR POZGLASS 100G SCM OPTIMIZATION FEASIBILITY STUDIES

 
Companies to Explore Post-Consumer Glass Nanoparticle Production and
Amorphous Silica Fabrication for Environmental Applications
 
Vancouver, BC, January 27, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN”, “Progressive Planet” or the “Company”), an emerging provider of innovative circular solutions and eco-friendly micronized minerals for industry and agriculture, is pleased to announce it has engaged PyroGenesis Canada Inc. (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY) (“PyroGenesis”), a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases (GHGs), to develop and lead feasibility studies for the production of nanoparticles from post-consumer glass and the production of amorphous silica derived from high grade silica.
 
PyroGenesis and Progressive Planet will collaborate to determine the feasibility of producing post-consumer glass nanoparticles. Having recently announced the successful testing of PozGlass™ 100G SCM made from 100% recycled glass, the Company believes investigating the use of even smaller-sized post-consumer glass nanoparticles (with significantly greater particle surface area thus increasing chemical reactivity) could emerge as a desirable and highly reactive eco-conscious cementitious additive to further boost the performance characteristics of concrete.
 
Additionally, the process of transforming high grade silica into amorphous silica will be explored. Silica is the second most common element found in the earth’s crust. The objective is to determine whether silica can be transformed for use as a new supplementary cementing material (SCM) with the long-term goal of replacing fly ash in cement mixes. No further details on the proposed project scope will be disclosed to protect trade secrets, including potential patentable intellectual property.
 
“PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization,” states P. Peter Pascali, CEO of PyroGenesis. “We are excited to collaborate on a novel product that is focused on such an important need for an industry we are not currently in.”
 
PyroGenesis will receive $352,682 for feasibility study services, with both projects to be completed during 2022.
 
Progressive Planet is also receiving advisory services and funding of up to $150,000 through the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP). This funding helps to support the Company’s research and development to optimize PozGlass™ SCM and furthers the Company’s path to commercialization of economic and eco-friendly micronized minerals to replace Portland cement and fly ash in the production of concrete.
 
About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high-tech company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional “dirty” processes. PyroGenesis has created proprietary, patented, and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. For more information, please visit: www.pyrogenesis.com.
 
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 dryer 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 SCM’s 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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
 
or
 
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
 
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, proposed bank financing with respect to same, 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 obtain bank financing; 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 RECEIVES TSXV CONDITIONAL APPROVAL TO PROCEED WITH ACQUISITION OF ABSORBENT PRODUCTS LTD.

VANCOUVER, BC, Jan. 10, 2022 /CNW/ – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN“, “Progressive Planet” or the “Company“), an emerging provider of innovative circular solutions and eco-friendly micronized minerals for industry and agriculture, is pleased to announce that the Company has received conditional approval (the “Conditional Approval“) from the TSX Venture Exchange (the “TSXV“) for the acquisition (the “Proposed Transaction“) of Absorbent Products Ltd. (“Absorbent Products” or “APL“).  More information about the Proposed Transaction is included in the press release dated December 24, 2021.
PLAN also announces that its common shares will resume trading at the open of markets on January 11, 2022.
“Today marks another important milestone for Progressive Planet, having received conditional approval from the TSXV for the acquisition of Absorbent Products Ltd.” stated Steve Harpur, CEO of PLAN. “With the conditional approval, management is now fully focused on finalizing the terms of the bank financing required to complete this transaction and to completing the previously announced private placement.” The Company will provide further information regarding the bank financing once available.
“Most of the current shareholders of APL are participating in the Company private placement evidencing that the APL shareholders believe that this transaction will be positive for both companies” said Peter Aylen, President of Absorbent Products Ltd. He then added: “We are looking forward to building our relationships with PLAN and growing APL’s business and combining it with the Company’s operations for the benefit of all the Company’s shareholders.”
The completion of the Proposed Transaction remains subject to, among other things, final approval by the TSXV and fulfillment of TSXV requirements. There is no assurance or guarantee that the acquisition will be completed as described or at all.
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 SCM’s 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.

UPCOMING WEBINAR
PLAN wishes to remind you of the live Zoom webinar planned for today, Monday, January 10th at 4:00 p.m. EST / 1:00 p.m. PST. PLAN will address the acquisition, evolving corporate developments, current highlights, and future business objectives. Members of the Executive Team, including CEO Steve Harpur, will present and participate in a Q&A session. Shareholders and any other interested persons are invited to register at https://us02web.zoom.us/webinar/register/WN_bhoEyZOKR5CSng678C4F0w. For those unable to participate, a recording of the webinar will be posted to the Progressive Planet Solutions website following the live broadcast.
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, proposed bank financing with respect to same, 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 obtain bank financing; 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.
SOURCE Progressive Planet Solutions

For further information: or investor relations inquiries, please contact us: 1-800-910-3072, Investors@progressiveplanet.ca, www.progressiveplanet.ca or Jeff Walker, Vice President, The Howard Group, 403-221-0915, 888-221-0915, jeff@howardgroupinc.com

PROGRESSIVE PLANET ANNOUNCES MANAGEMENT WEBINAR TO PROVIDE BUSINESS AND OPERATIONS UPDATE

Vancouver, BC, January 7, 2022 – Progressive Planet Solutions Inc. (TSXV: PLAN) (“PLAN” or the “Company”), an emerging provider of innovative circular solutions and eco-friendly micronized minerals delivering sustainability benefits for industry and agriculture, is pleased to announce that the Company will present a business update and further details regarding the acquisition of Absorbent Products LTD during a live Zoom webinar on Monday, January 10th at 4:00 p.m. EST / 1:00 p.m. PST.
 
PLAN will address the acquisition, evolving corporate developments, current highlights and future business objectives. Members of the Executive Team, including CEO Steve Harpur, will present and participate in a Q&A session. Shareholders are invited to register at https://us02web.zoom.us/webinar/register/WN_bhoEyZOKR5CSng678C4F0w. For those unable to participate, a recording of the webinar will be posted to the Progressive Planet Solutions website following the live broadcast.
 
Topic: Progressive Planet Management Update
When: Monday, January 10, 2022 at 4:00 p.m. Eastern Time (US and Canada)
Register in Advance: https://us02web.zoom.us/webinar/register/WN_bhoEyZOKR5CSng678C4F0w  After registering, you will receive a confirmation email containing information about joining the webinar.
 
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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
 
or
 
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
 
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 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
Investors@progressiveplanet.ca
www.progressiveplanet.ca
 
or
 
Jeff Walker,
Vice President, The Howard Group
403-221-0915
888-221-0915
jeff@howardgroupinc.com
 
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, BC, Dec. 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.