Progressive Planet Solutions completes C$275,000 private placement, says fully subscribed
CEO Stephen Harpur says just under 50% of the financing was taken up by insiders, indicating a commitment to the zeolite miner
Company
CVE:PLAN
Progressive Planet is a Canada-headquartered emerging technology company, which, it says, provides innovative circular solutions and earth-friendly micronized minerals that unlock sustainability benefits across the construction and agriculture industries. The company 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. Its operations currently include: Three natural pozzolan properties in British Columbia (BC), including the flagship Z1 Natural Pozzolan Quarry in Cache Creek and our two pozzolan properties under development - the Z2 Natural Pozzolan property near Falkland and the Heffley Creek Metals and Natural Pozzolan property. 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, Alberta focused on creating SCMs and associated technologies to sequester CO2 in concrete. Progressive Planet signed a supply agreement with ZS2 Technologies in summer, 2021 with the expectation of starting to supply natural pozzolan to ZS2 in 2022. In conjunction with this supply agreement, the firm made an equity investment into ZS2 and has ongoing joint product development in conjunction with ZS2.
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CEO Stephen Harpur says just under 50% of the financing was taken up by insiders, indicating a commitment to the zeolite miner
The company said funds will be used for general corporate purposes and for continued product research and development
Proznick is a professional electrical engineer, employed by an international engineering firm in a project management role
Surface chip samples of up to 3.78% of Li2O confirms new lithium bearing pegmatite discovery at Sherritt Gordon
The company plans to begin selling 1-pound bags of Z-1 Zeolite on its website
Under the agreement, Progressive Planet will receive C$3.325 million in cash and 12 million common shares of Snow Lake at C$0.25 per common share
The terms mean Progressive Planet can earn a 5% interest in the property in exchange for the $250,000 by the end of 2018
The company said Z1 zeolite's unique characteristics could continue to show positive benefits to the cannabis industry
The company said the newly procured facility will be used to
Progressive Planet has a flagship zeolite mine in British Columbia
With its flagship zeolite project close to Cache Creek, BC, Progressive Planet aims to capitalize on the mineral, which can be applied to a wide range of industrial, consumer and environmental applications
Zeolite may not be the most well-known mineral but it has wide applications, such as use in animal feed, as a pozzolan in cement and as an additive to soil, which could be used for cannabis plants