00:51:54 EDT Sun 05 May 2024
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or Name
USA
CA



Progressive Planet Solutions Inc (2)
Symbol PLAN
Shares Issued 109,925,515
Close 2023-11-24 C$ 0.12
Market Cap C$ 13,191,062
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Progressive Planet receives five-year Bromley permit

2023-11-27 12:51 ET - News Release

Mr. Steve Gurney reports

BROMLEY CREEK QUARRY RECEIVES NEW 5-YEAR PERMIT

Progressive Planet Solutions Inc. has received a new five-year permit for the Bromley Creek zeolite quarry in partnership with International Zeolite Corp. (IZ). Progressive Planet has an existing option agreement to purchase a 50-per-cent interest in IZ's Bromley Creek claims, mine lease and quarry located in Princeton, B.C. Progressive Planet remains the operator of Bromley Creek and currently holds a 20-per-cent share after completing the latest quarterly instalment payment of $31,150 in September, 2023.

"Zeolite from Bromley Creek is becoming a larger part of operations quarter by quarter," stated Progressive Planet president Steve Gurney.

Added Mr. Gurney: "We remain focused on growing existing zeolite operations, especially in the cement and agriculture industries. The approved five-year permit allows us to grow zeolite operations through 2028, and we are also exploring increasing the permitted maximum annual extraction of 20,000 tonnes to allow for further growth."

Ray Paquette, chief executive officer of International Zeolite, stated: "Working with a common goal of increasing zeolite awareness, validating new products and establishing new markets has been our focus for years. Partnering with Progressive Planet to operate the Bromley Creek quarry is an exciting opportunity for both companies to unite complementary visions. PLAN's ability to process existing and new Bromley Creek zeolite products is a win for both companies."

Bromley Creek zeolite has received Canadian Food Inspection Agency (CFIA) certification for use as a flowing/anti-caking agent under the brand Z-Lite feed additive. The Organic Materials Review Institute (OMRI) has also listed Bromley Creek zeolite for use in organic operations under the brand The Green Patch natural zeolite soil conditioner.

About Progressive Planet Solutions Inc.

Progressive Planet is a cleantech and manufacturing company with proven product lines based in Kamloops, B.C. Its expertise lies in developing critical low-carbon and carbon sequestering solutions using its owned mineral assets and recycled materials to create planet-friendly products that fight climate change and protect the planet's health.

Progressive Planet's products are in over 10,000 retail stores across North America. The company's innovations, created at its C-Quester Centre of Sustainable Innovation, bring positive disruption to the cement, agricultural and animal care sectors by creating products that help reduce carbon footprints and restore ecosystems.

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