Proactiveinvestors USA & Canada Progressive Planet Solutions Inc https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada Progressive Planet Solutions Inc RSS feed en Wed, 20 Feb 2019 06:12:18 -0500 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Progressive Planet provides update on zeolite monetization plans ]]> https://ca.proactiveinvestors.com/companies/news/214207/progressive-planet-provides-update-on-zeolite-monetization-plans-214207.html Progressive Planet Solutions Inc (CVE:PLAN) (OTCMKTS:ASHXF) released a corporate update on Thursday, providing an update on the zeolite miner's activities.

Progressive Planet is a mineral exploration company with its flagship Z1 Zeolite Quarry in BC, and a 100% interest in the Buckingham Graphite Project in Quebec. 

Zeolite is a mineral which looks a lot like a light gray gravel when it is dug up from the ground. It's used in a wide variety of applications: water purification, radioactive waste containment, composting, animal feed, as a pozzolan in cement and as an additive to soil, amongst many other uses.

The company said Thursday that it plans to monetize zeolite in four areas. 

This included producing and selling its own supplementary cementing materials, selling zeolite as a soil amendment in agriculture, as a flowing/anticaking agent for livestock feeds, as well as an alternative to straight road salt for de-icing and anti-slip for commercial property care companies. 

READ: Progressive Planet Solutions completes C$275,000 private placement, says fully subscribed

Progressive Planet also gave an update on 2018 activities, which included divesting of three early stage mineral properties to focus resources on developing markets for zeolite, while testing the zeolite from the Z-1 Quarry for various properties. The company also added multiple members to its board of directors, its advisory board as well as employees with backgrounds in engineering, geology, and chemistry.

On the road ahead, one particular item of interest is Progressive Planet's plans to focus its efforts on using zeolite as a supplementary cementing material (SCM).

"The cement industry is currently responsible for about 5% of global anthropogenic CO2 emissions," said the company in a statement. "PLAN believes there is a large opportunity to produce greener concrete blends."

This is known as Class N SCM, and there are a number of factors that makes this type of material more environmentally friendly than conventional cement. Class N SCM's are produced without the combustion of massive amounts of hydrocarbon fuels and are produced by grinding pozzolanic materials (including zeolite, pumice, diatomaceous earth, and kaolin).

The most common SCM used in North America today is fly ash, which is a Class F SCM. 

Samples tested

Progressive Planet said samples of its zeolite tested by an independent BC company owned by engineers with significant experience in the cement industry, and were tested for its compressive strength. 

"We are pleased to announce that our zeolite had superior strength versus commercially available fly ash (Class F SCM)," said the company in a release, adding the company has received an expression of interest from an independent third party to partner on producing pulverized zeolite from the Z1 Quarry and discussions are ongoing, however, no deal has yet been reached. 

The company said it purchased a Collider Mill in the summer of 2018 which can produce serval hundred pounds per hour of pulverized zeolite. This asset is being used to develop quantities of Class N SCM's from zeolite that has been mined from its Z1 Quarry.

Progressive Planet also announced that long-time shareholder, David Miedzygorski, has accepted a position handling investor relations.

Shares of Progressive Planet were up 12.5% at C$0.05 on Thursday. 

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Thu, 07 Feb 2019 12:26:00 -0500 https://ca.proactiveinvestors.com/companies/news/214207/progressive-planet-provides-update-on-zeolite-monetization-plans-214207.html
<![CDATA[News - Progressive Planet Solutions completes C$275,000 private placement, says fully subscribed ]]> https://ca.proactiveinvestors.com/companies/news/210883/progressive-planet-solutions-completes-c275000-private-placement-says-fully-subscribed-210883.html Zeolite miner Progressive Planet Solutions Inc (CVE:PLAN) (OTCMKTS:ASHXF) said Monday that it has raised C$275,000 in a private placement which was fully subscribed and non-brokered.

The Vancouver-based company said in a press release that it sold 5.5 million units at a price of C$0.05 per unit. Under the deal announced December 6, each unit comprises one common share and one common share purchase warrant of the company. Each warrant will entitle the holder to purchase one share at a price of C$0.06 per warrant share for 12 months from the date of closing.

READ: Progressive Planet Solutions boosts board with new appointment

The warrants are subject to an acceleration clause, which means that the issuer will have a right to move up the expiration date of the warrants if the average closing price of the shares is equal to or greater than C$0.10 for 10 consecutive trading days.

Shares traded at C$0.05 in Friday’s Canadian trading and US$0.04 on the OTC Markets.

"We are very pleased not only with how quickly the financing was filled, but also, with just under 50% of the financing taken by insiders, it demonstrates their belief in and commitment to the company," CEO Stephen Harpur said in a press release.

Progressive Planet said proceeds from the financing will be used for general corporate purposes and for continued product research and development. The company added that it did not pay any finders' fees in relation to the private placement.

The company operates its flagship Z1 zeolite mine in British Columbia, an equity interest in Snow Lake Resources, a 5% stake in the Lac Gueret Extensions graphite project in Quebec and a 100% interest in the Buckingham graphite project in Quebec.

Found in volcanic ash and known for its absorbency, zeolite is used in water purification.


Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Mon, 10 Dec 2018 08:58:00 -0500 https://ca.proactiveinvestors.com/companies/news/210883/progressive-planet-solutions-completes-c275000-private-placement-says-fully-subscribed-210883.html
<![CDATA[News - Progressive Planet arranges funding of up to $275,000 ]]> https://ca.proactiveinvestors.com/companies/news/210718/progressive-planet-arranges-funding-of-up-to-275000-210718.html Progressive Planet Solutions Inc (CVE:PLAN) said Thursday it has arranged a non-brokered private placement of up to 5.5 million units at a price of C$0.05 per unit for aggregate gross proceeds of C$275,000.

The company said funds will be used for general corporate purposes and for continued product research and development.

Progressive Planet is a Canadian based mineral exploration company with a zeolite mine in British Columbia.

READ: Progressive Planet Solutions boosts board with new appointment

Each unit is comprised of one common share plus one common share purchase warrant of the company, with each warrant entitling the holder to purchase one share at a price of C$0.06 per warrant share for a period of one year from the closing date.

Shares of Progressive Planet were at C$0.04 on Thursday. 

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Thu, 06 Dec 2018 14:57:00 -0500 https://ca.proactiveinvestors.com/companies/news/210718/progressive-planet-arranges-funding-of-up-to-275000-210718.html
<![CDATA[News - Progressive Planet Solutions boosts board with new appointment ]]> https://ca.proactiveinvestors.com/companies/news/210500/progressive-planet-solutions-boosts-board-with-new-appointment-210500.html Progressive Planet Solutions Inc (CVE:PLAN) announced Tuesday that Reni Proznick has joined PLAN's advisory board.

Proznick is a professional electrical engineer, employed by an international engineering firm in a project management role. He has experience in managing both brownfield and greenfield projects throughout British Columbia, Canada. 

"We are excited to add Reni to our team. I originally asked Reni to optimize a collider mill we purchased to produce micronized zeolite from our Z-1 Zeolite Quarry for use in developing supplementary, cementitious materials (SCM's), said Steve Harpur, CEO of Progressive Planet. "I was so impressed with his design skills that I asked him to take on a greater role. Having access to these technical skills is invaluable."

READ: Progressive Planet says high-grade lithium samples confirm Sherritt Gordon potential

Proznick has been issued 300,000 stock option shares as compensation. 

PLAN has now commissioned its concrete lab at theAdvanced Materials Centre in Vernon, BC. PLAN has begun testing of various concrete blends that include micronized zeolite and has hired a chemist to work at its concrete lab.

Shares of Progressive Planet Inc were at C$0.05 on Tuesday.

 

Contact Paul Curcio at paul.curcio@proactiveinvestors.com

 

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Tue, 04 Dec 2018 09:21:00 -0500 https://ca.proactiveinvestors.com/companies/news/210500/progressive-planet-solutions-boosts-board-with-new-appointment-210500.html
<![CDATA[News - Progressive Planet says high grade lithium samples confirm Sherritt Gordon potential ]]> https://ca.proactiveinvestors.com/companies/news/210063/progressive-planet-says-high-grade-lithium-samples-confirm-sherritt-gordon-potential-210063.html Mineral exploration company Progressive Planet Solutions Inc (CVE:PLAN) announced Tuesday that initial rock chip sampling found higher grade lithium mineralization at Snow Lake Resources’ Sherritt Gordon pegmatite.

The Vancouver-based explorer said rock chips samples identified new spodumene occurrences, which is a pyroxene mineral consisting of lithium aluminum.  

“Initial phase of rock chip sampling at Sherritt Gordon records values of up to 3.78% Li2O,” the company said in a statement.  

The Snow Lake Resources team has discovered details on a cluster of spodumene-bearing pegmatite dykes located about 2 km southwest of the recently drilled Thomson Brothers pegmatite.

This cluster known as the Sherritt Gordon pegmatites was traced about 600 miles along strike by the Sherritt Gordon Mines in the 1940s.

READ: Progressive Planet's 20% stake in lithium property included in Snow Lake IPO

Snow Lake Resources will launch “a follow-up drilling program” to evaluate the SG-1, 2 and Grass River pegmatites which could contribute to expanding the Thompson Brothers Lithium project’s resource inventory.

"We are committed to assisting Snow Lake Resources with their goal of fast-tracking development of the Thompson Brothers Lithium project. As a significant shareholder, we are excited to watch this new Sheritt Gordon Zone be systematically explored by Snow Lake in an effort to increase the tonnage of the Thompson Brothers Lithium Project," Progressive Planet CEO Steve Harpur said in a statement.

Progressive Planet said Monday that it has signed an agreement to include its 20% interest in the Thompson Brothers lithium property in Manitoba as part of the upcoming Snow Lake Resources initial public offering.

Snow Lake intends to raise C$3 million in a flow-through financing by year-end to finance drilling during the first quarter of 2019.

Derek Knight, chief operating officer of Progressive Planet, will be leading Snow Lake Resources as CEO. Knight plans to step down from his role at Progressive Planet on November 30 to focus on the Thompson Brothers lithium property.

Progressive Planet is a Canadian mineral exploration company with a flagship Zeolite Mine in British Columbia, a 20% interest in a lithium project in Manitoba and a graphite property in Buckingham, Quebec.

 

Contact Uttara Choudhury at uttara@proactiveinvestors.com

Follow her on Twitter: @UttaraProactive 

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Tue, 27 Nov 2018 13:14:00 -0500 https://ca.proactiveinvestors.com/companies/news/210063/progressive-planet-says-high-grade-lithium-samples-confirm-sherritt-gordon-potential-210063.html
<![CDATA[News - Progressive Planet's 20% stake in lithium property included in Snow Lake IPO ]]> https://ca.proactiveinvestors.com/companies/news/209498/progressive-planet-s-20-stake-in-lithium-property-included-in-snow-lake-ipo-209498.html Progressive Planet Solutions Inc (CVE:PLAN) said Monday that it has signed an agreement to include its 20% interest in the Thompson Brothers lithium property in Manitoba as part of the upcoming Snow Lake Resources initial public offering.

Snow Lake intends to raise C$3 million in a flow-through financing by year-end to finance drilling during the first quarter of 2019.

READ: Progressive Planet Solutions secures processing and product development facilities in Vernon, British Columbia

Under the agreement, Vancouver-based 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.

Derek Knight, chief operating officer of Progressive Planet, will be leading Snow Lake Resources as CEO. Knight plans to step down from his role at Progressive Planet on November 30 to focus on the Thompson Brothers lithium property.

“We are fully supportive and behind Snow Lake's fast-track development strategy of the project,”  Steve Harpur, CEO of Progressive Planet, said in a statement.



Contact Dennis Fitzgerald at dennis@proacativeinvestors.com

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Mon, 19 Nov 2018 11:39:00 -0500 https://ca.proactiveinvestors.com/companies/news/209498/progressive-planet-s-20-stake-in-lithium-property-included-in-snow-lake-ipo-209498.html
<![CDATA[News - Progressive Planet Solutions releases 'extremely encouraging' results in cannabis grow trial ]]> https://ca.proactiveinvestors.com/companies/news/208063/progressive-planet-solutions-releases-extremely-encouraging-results-in-cannabis-grow-trial-208063.html Progressive Planet Solutions Inc. (CVE:PLAN) said it has received encouraging results from a hemp plant grow trial that began in March 2018, using its signature Z1 zeolite. 

Zeolite is a mineral that looks like light gray gravel when dug up from the ground. It has a wide range of application, including as an additive to soil for cannabis plants. 

The company said the trial included two popular grow mediums used in the cannabis industry, although only one of the two grow mediums has enough data to address at this time.

The company said the initial release is not yet concluded, however, results appeared positive, showing that the addition of Z1 zeolite improved nutrient and water preservation. 

"It is quite remarkable that the addition of our signature Z1 zeolite has shown the ability to conserve nutrients and water. The results we have received on the organic grow medium appear to demonstrate reduced water consumption by up to 12.5 per cent while improving bud yield by up to 7.4 per cent," said Steve Harpur, chief executive officer of Progressive Planet Solutions.

READ: Progressive Planet Solutions secures processing and product development facilities in Vernon, British Columbia

"The results are extremely encouraging towards our effort to prove the efficacy of Z1 zeolite as a component of commercial grow mediums used in the cannabis industry. Based on these attributes, we believe our Z1 zeolite is something growers of all sizes should consider." 

The company said although both plant tissue and soil pathology determinations were completed, data still requires compilation. 

Overall, results showed that Z1 zeolite could improve the performance of the organic grow medium for growth of hemp plants.

Plants which were potted in the organic grow medium required less application of water than the plants planted without Z1 zeolite in the grow medium, the company said. 

In addition to soil moisture conservation, substantially more nutrients were retained as measured by the nutrient content of the leachate for each plant. Further, plant tissue demonstrated higher nutrient content when the organic grow medium contained Z1 zeolite.

Shares of Progressive Planet were at C$0.06 on Monday. 

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Mon, 29 Oct 2018 14:47:00 -0400 https://ca.proactiveinvestors.com/companies/news/208063/progressive-planet-solutions-releases-extremely-encouraging-results-in-cannabis-grow-trial-208063.html
<![CDATA[News - Progressive Planet Solutions secures processing and product development facilities in Vernon, British Columbia ]]> https://ca.proactiveinvestors.com/companies/news/206416/progressive-planet-solutions-secures-processing-and-product-development-facilities-in-vernon-british-columbia-206416.html Progressive Planet Solutions Inc (CVE:PLAN) announced Thursday that it has secured facilities to screen and bag zeolite sourced from its Z-1 zeolite quarry for sale into the Canadian marketplace.

The company also announced it will open its Advanced Materials Centre product development lab at the same site.

Zeolite is a naturally occurring mineral found in volcanic ash. 

The Advanced Materials Centre will be equipped with special equipment used to create various blends of concrete which utilize zeolite and other additives.

The firm said much of the equipment has been procured, including equipment which produces nano and microparticles of zeolite.

"We are very pleased with the location, the buildings and office structure," said chief executive officer, Stephen Harpur.

"All the necessary power is in place and additional processing equipment is being procured and will be installed on delivery".

The plant consists of two large "tension fabric" structures that have been erected near an adjacent building that will house the Advanced Materials Centre.

The company said the structures were erected in August and power installation was completed in early September. The Advanced Materials Centre is expected to be fully equipped by the end of October 2018.

Shares of Progressive Planet were flat at 0.05 on Thursday.

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Thu, 04 Oct 2018 12:05:00 -0400 https://ca.proactiveinvestors.com/companies/news/206416/progressive-planet-solutions-secures-processing-and-product-development-facilities-in-vernon-british-columbia-206416.html
<![CDATA[News - With its zeolite project looking strong, Progressive Planet Solutions ups communications ]]> https://ca.proactiveinvestors.com/companies/news/205257/with-its-zeolite-project-looking-strong-progressive-planet-solutions-ups-communications-205257.html Progressive Planet (CVE:PLAN) has been shaking up the zeolite space lately, with its flagship mine in British Columbia, a 20% interest in a lithium project in Manitoba and a graphite property in Buckingham, Quebec.

The company announced Wednesday that it has also upped its communication game and has engaged Proactive Investors and Investor News Network to help bolster the company's online presence.

Both companies will provide comprehensive digital media services to the company.

Proactive Investors operates five financial websites in four languages providing breaking news, comment and analysis on hundreds of listed companies daily.

Investor News Network provides news and education for investors in over 40 targeted categories with the opportunity to connect educated investors with trusted companies.

Progressive Planet flagship Z-1 Zeolite project covers 93 hectares and is located about three kms northeast of Cache Creek, BC. The area is underlain by volcanic and sedimentary rocks of the Eocene Kamloops Group.

Shares of Progressive Planet were C$0.05 in Toronto on Wednesday. 

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Wed, 19 Sep 2018 12:14:00 -0400 https://ca.proactiveinvestors.com/companies/news/205257/with-its-zeolite-project-looking-strong-progressive-planet-solutions-ups-communications-205257.html