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Progressive Planet shares soar as it hails success of research project with University of Alberta to improve pozzolan mix

The firm is developing natural pozzolan properties, which are garnering increasing interest from the construction industry to use as an alternative to fly ash in concrete

Progressive Planet Solutions Inc -
The firm is looking to produce a competitive alternative to fly ash

Progressive Planet Solutions Inc (CVE:PLAN) (OTCMKTS:ASHXF) has said it is eyeing the 2021 construction season when it aims to have a commercial product ready for the Canadian concrete industries.

Shares in the company doubled to C$0.040 in Toronto trade on Tuesday.

The firm is developing natural pozzolan properties, which are garnering increasing interest from the construction industry to use as an alternative to fly ash, the supply of which is dropping off as coal-fired power plants close. When used in concrete mixes, fly ash improves the strength of concrete and makes it easier to pump.

READ: Progressive Planet Solutions to lay groundwork for significant expansion in 2020

In a statement on Tuesday, Progressive Planet revealed that its research project with the University of Alberta to develop an alternative to fly ash had been a success.

Last month, the group reported that the rheology (slump) of the pozzolan had been improved with a combination of various inputs in a proprietary mix. One addition, which was disclosed, was pulverized, recycled glass.

"PLAN is pleased to announce that it has received an additional update from the University of Alberta which revealed that our revised proprietary mix design achieved a slump that has exceeded the target slump of the fly ash based mix design," the firm said.

 A final report is expected around the end of April.

"The final step before having a product for commercial use is to conduct CSA tests on our proprietary blend," said Steve Harpur, the chief executive of Progressive Planet.

The CSA tests which need be completed include compressive strength, sulphate resistance, and freeze-thaw resistance, the longest of which is the sulphate resistance test, which lasts eight months.

"As a result, the company will be targeting the 2021 construction season to have a commercial product that it can offer as a competitive alternative to fly ash to the ready mix and pre-cast concrete industries in BC and Alberta," the company told investors in the statement.

The firm's flagship asset is the Z1 zeolite Quarry in British Columbia (BC). It is also earning a 100% option on the Z2 Natural Pozzolan Property near Falkland, British Columbia, and a 100% interest in Heffley Creek natural pozzolan property.

---Updates for share price---

Contact the author at [email protected]

Quick facts: Progressive Planet Solutions Inc

Price: 0.055 CAD

TSX-V:PLAN
Market: TSX-V
Market Cap: $1.85 m
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Full interview: Progressive Planet receives technical milestone for...

Progressive Planet (CVE: PLAN) CEO Stephen Harpur joins Steve Darling from Proactive Vancouver with a major step forward for the company as they were able to modify the rheology of its zeolite so that it possessed similar rheology to commercially available fly ash. Harpur tells Proactive what...

on 23/4/20

2 min read