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Progressive Planet Solutions Inc

Progressive Planet makes its first sale of mineral-rich glacial rock dust

CEO Steve Harpur says rock dust popular with organic farmers sells at a premium and the margins make it a ‘lucrative opportunity’

Glacial rock dust being worked into a potted plant
The sale of 20 tonnes of glacial rock dust is the company's largest since it started focusing on industrial mineral products

Progressive Planet Solutions Inc (CVE:PLAN (OTCMKTS:ASHXF) said Tuesday that it has started selling glacial rock dust as an excellent soil amendment, packed with trace minerals that are lost by erosion and modern farming.

Glacial Rock Dust is a natural mineral product that is produced over many thousands of years by glacial action. Worked into the soil prior to planting, glacial rock dust, also known as rock powders and rock minerals, contain minerals and trace elements widely used in organic farming.

It improves soil structure, nutrient availability and bacterial action.

READ: Zeolite miner Progressive Planet helping cannabis producers dispose of marijuana waste product

Progressive Planet turned its attention to glacial rock dust after it received a supply request from a big customer which was already buying its zeolite volcanic mineral.

“We were able to source glacial rock dust as a finished product and sell it to our customer,” said Progressive Planet CEO Steve Harpur. “Rock dust sells as a premium product and the margins make this a lucrative opportunity.”

High margin business

Harpur explained that after completing third-party lab analysis of multiple local sources of glacial rock dust, the company was able to select a local source with an “excellent micronutrient profile.”

“We will begin to process the raw product ourselves using equipment that we currently use to process zeolite to further increase the margins,” said Harpur. “We are excited to begin producing our own glacial rock dust for sale to our customers.”

The sale is the largest sale to date since Progressive Planet started to focus on developing industrial mineral products.

“When our customer ordered over 20 tonnes of rock dust from us, we began immediately searching for our own supply of glacial rock,” said Harpur. “While our primary focus is creating value added products from our own zeolite quarry, we will use our equipment that is not running at full capacity to make value added products from other industrial minerals.”

Progressive Planet has its flagship Z1 Zeolite Quarry in British Columbia and a 100% interest in the Buckingham Graphite Project in Quebec.

 

Contact Uttara Choudhury at [email protected]

Follow her on Twitter@UttaraProactive 

Quick facts: Progressive Planet Solutions Inc

Price: $0.03

Market: TSX-V
Market Cap: $2.03 m
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Full interview: Progressive Planet looks to help environment with the use of...

Progressive Planet (CVE: PLAN) CEO Stephen Harpur sat down with Steve Darling from Proactive Vancouver to talk about a new contract they have signed for rock dust that will be used in soil.  Harpur telling Proactive what the rock dust will be used for and how it fits in with their...

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