Mr. Steve Harpur reports

PROGRESSIVE PLANET SECURES $1.14 MILLION FROM BC'S INNOVATIVE CLEAN ENERGY FUND TO ADVANCE POZGLASS PILOT PLANT

Progressive Planet Solutions Inc. has been awarded a $1.14-million grant from the British Columbia Innovative Clean Energy (ICE) Fund, supporting the continued development of its revolutionary PozGlass pilot plant.

PozGlass represents a breakthrough in low-carbon cement technology, transforming postconsumer glass into a high performance supplementary cementitious material (SCM). This funding represents another significant milestone as the company scales its solution to address cement's substantial carbon footprint.

"Cement production accounts for over 7 per cent of global CO2 [carbon dioxide] emissions and creative solutions like Progressive Planet's pilot plant in Kamloops is exactly what we need to reduce emissions here in B.C. while boosting economic development," said Adrian Dix, Minister of Energy and Climate Solutions. "With support from the British Columbia Innovative Clean Energy Fund, Progressive Plant is scaling up their pilot project, which is focused on reducing the cement industry's carbon footprint by transforming waste materials into valuable resources."

"PozGlass is the right solution at the right time," said Steve Harpur, chief executive officer of Progressive Planet. "We're tackling two major environmental challenges at once: reducing cement's carbon footprint and creating a high-value use for postconsumer glass that would otherwise end up in landfills. We gratefully acknowledge the financial support of the Province of British Columbia through the Ministry of Energy and Climate. The financial assistance of the B.C. Ministry of Energy allows us to scale up B.C.-based technology in B.C."

"This grant, alongside funding announced earlier this month and our strategic partnership with Lafarge Canada, is helping accelerate the transition to a lower-carbon cement industry," said Randy Gue, director, at Progressive Planet. "These investments are not just financial -- they are a signal that industry leaders and government agencies recognize the potential of PozGlass to scale and make a meaningful impact."

"This funding accelerates our mission to scale PozGlass, demonstrating its readiness for commercial adoption while enabling the cement industry to achieve significant emissions reductions," added Mr. Harpur.

PozGlass offers a triple-bottom-line solution:

• Reducing emissions by replacing up to 50 per cent of Portland cement, a major contributor to CO2 emissions;
• Sequestering carbon by permanently converting captured CO2 into limestone;
• Diverting waste by repurposing postconsumer glass into a valuable industrial material.

Cement production accounts for over 7 per cent of global CO2 emissions, and sources for traditional SCMs such as fly ash and slag are transitioning out. With Lafarge Canada already committed to purchasing all PozGlass produced at the pilot plant, Progressive Planet is well positioned to scale a viable, made-in-Canada solution that supports both industry and the environment.

Driving the future of low-carbon cement

The global low-carbon cement market, valued at $2-billion (U.S.) in 2023, is projected to triple by 2034. With partnerships spanning investors, engineers and construction stakeholders, Progressive Planet is poised to capitalize on this growth while reducing the carbon footprint of one of the world's most essential industries.

Progressive Planet's pilot plant (based in Kamloops, B.C.) is set to begin operations in October, 2025, marking a key step toward scaling PozGlass production and accelerating its adoption across North America and beyond. The first phase of operations includes dry processing of postconsumer glass to remove contaminants and create coarse glass powder -- the key ingredient in PozGlass.

In phase 1, Progressive Planet will also manufacture additional coarse glass products such as CanBlast, a crystalline, silica-free sandblasting medium, which the company has sold for over a decade through a third party manufacturer.

Phase 2 will introduce wet grinding of the coarse glass powder to produce PozGlass. Construction of the wet grinding facility is expected to be completed in late 2026, further enhancing Progressive Planet's capacity to meet industry demand for sustainable building materials.

About Progressive Planet Solutions Inc.

Progressive Planet, based in Kamloops, B.C., is redefining sustainability with its products for a healthy planet. By leveraging owned mineral assets and recycled materials, Progressive Planet develops patented and patent-pending innovations that promote a healthier planet.

Progressive Planet's C-Quester Centre of Sustainable Solutions leads advancements in low-carbon cement technologies, while the company's second on-site lab focuses on sustainable solutions for agriculture and animal care. Progressive Planet's products are proudly available in over 10,000 retail locations across North America.

We seek Safe Harbor.