Mr. Steve Harpur reports

PROGRESSIVE PLANET PROVIDES CORPORATE UPDATE ON CEMENT AND FERTILIZER INNOVATION

Progressive Planet Solutions Inc. has provided a corporate update of its activities.

Cement innovation partnership with Pyrogenesis Canada

On Jan. 27, 2022, Progressive Planet issued a news release announcing a collaboration with Pyrogenesis Canada to explore two different objectives, including:

• To determine the feasibility of producing postconsumer glass nanoparticles;
• To explore the feasibility of converting widely available, high-grade, crystalline silica into amorphous silica. Only amorphous silica works to enhance the strength of concrete.

The energy costs of producing nanoparticles were prohibitive, but the use of plasma torches to transform crystalline silica into amorphous silica offered promise.

The contract required Pyrogenesis to deliver 500 grams of converted silica. This material was delivered in early February, 2024, and Progressive Planet conducted testing and confirmed that the conversion had occurred with over 90 per cent conversion.

The next step is to confirm that the powder is reactive as a supplementary cementing material (SCM). Progressive Planet has scheduled the production of mortar cubes using the powder during the week of March 4, 2024. Full details of compressive strength and water demand will be released after the 28-day compressive tests are completed. Progressive Planet anticipates releasing these results in the second week of April, 2024.

Crystalline silica is one of the most abundant materials in the Earth's crust and the ability to economically convert it into amorphous silica would offer a new supply of material to compensate for fly ash, which is no longer being generated from coal-fired power plants, which are required to shut down in Canada before 2030.

"While this material still needs to prove its merit through compressive strength testing in cement mortars, I wish to acknowledge the effort made by the technical team at Pyrogenesis over the last two years, to overcome hurdle after hurdle, to reach the conversion rate of over 90 per cent," stated Steve Harpur, chief executive officer of Progressive Planet.

Supply demand forces affecting fly ash

According to the Capital Power website, the two coal-fired power plants, Genesee 1 and 2, that produce fly ash near Edmonton, Alta., will cease to burn coal in 2024. With the conversion to natural gas, approximately 180,000 tonnes of fly ash that were consumed annually by the cement industry will no longer be generated once the two power plants switch over to consuming natural gas to generate power.

According to the Transalta website, the massive coal-burning power plant in Washington State will cease burning coal in 2025. The conversion of this plant to natural gas will result in approximately 840,000 United States tons of fly ash no longer being produced annually for use by the cement industry.

Collectively, these two separate power plants will cease to provide over one million tonnes of fly ash to the Pacific Northwest by mid-2025. It is under this paradigm change of supply that Progressive Planet continues to work on commercializing both natural pozzolans and PozGlass 100G, a ground glass pozzolan with added strength derived from the proprietary removal of sodium from the glass.

Update on regenerative fertilizers

On June 1, 2023, Progressive Planet announced that it had supplied Carbon PK to farmers who applied it to over 600 acres. In addition, grow trials were conducted which demonstrated some efficacy for the fertilizer. Upon recent consultation with partners, it was determined that there was insufficient demand to justify further investment in this product, and Carbon PK will not be produced or developed any further.

On Oct. 6, 2023, Progressive Planet announced the launch of a new soil conditioner, Carbon Ca, with the production of 61 tonnes of this product. Approximately half of this product was sold in the Prairies, and applied as a source of calcium and carbon in the fall of 2023, and the remaining inventory will be applied during the spring season. Progressive Planet will await feedback from farmers and its partners as to the efficacy of Carbon Ca.

Progressive Planet provides regular information for investors on its website. This includes press releases and other information about financial performance, patents filed, and information on corporate governance.

About Progressive Planet Solutions Inc.

Progressive Planet is a clean technology and manufacturing company with proven product lines based in Kamloops, B.C. The company's 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 more than 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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