Progressive Planet Solutions Inc (TSX-V:PLAN) announced that a new five-year permit has been received for the Bromley Creek zeolite quarry in British Columbia in partnership with International Zeolite Corp (IZ).
The cleantech and manufacturing firm said it remains the operator of Bromley Creek and currently holds a 20% share after completing the latest quarterly installment payment of $31,150 in September 2023.
"Zeolite from Bromley Creek is becoming a larger part of operations quarter by quarter," Progressive Planet Solutions president Steve Gurney said in a statement.
"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," he added.
Progressive Planet noted that it has an existing option agreement to purchase a 50% interest in IZ's Bromley Creek claims, mine lease and quarry.
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, according to the company.
It added that 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.
Progressive Planet is a well-established cleantech and manufacturing company based in Kamloops, British Columbia, in the heart of some of Canada's richest volcanic fields, which are the prime ingredient of its innovations. Its products are in 10,000-plus retail stores across North America.
Contact Sean at sean@proactiveinvestors.com