/NOT FOR DISTRIBUTION IN THE USA/
KAMLOOPS, BC, Nov. 27,
2023 /CNW/ - Progressive Planet Solutions Inc. (TSXV:
PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the
"Company"), a leader in developing CleanTech solutions for the
planet, is pleased to announce a new 5-year permit has been
received for the Bromley Creek zeolite quarry ("Bromley Creek") in
partnership with International Zeolite Corp ("IZ"). Progressive
Planet has an existing option agreement to purchase a 50% interest
in IZ's Bromley Creek claims, mine lease and quarry located in
Princeton, BC. Progressive Planet
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," stated Progressive Planet President
Steve Gurney.
Added Gurney: "We remain focused on growing existing zeolite
operations, especially in the cement and agriculture industries.
The approved 5-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."
Ray Paquette CEO of International Zeolite Corp stated, "Working
with a common goal of increasing zeolite awareness, validating new
products, and establishing new markets has been our focus for
years. Partnering with Progressive Planet to operate the Bromley
Creek quarry is an exciting opportunity for both companies to unite
complementary visions. PLAN's ability to process existing and new
Bromley Creek zeolite products is a win for both companies."
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. 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 provides regular information for investors on
its website: progressiveplanet.com/investors/. This includes
press releases and other information about financial performance,
patents filed, and information on corporate governance.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accept responsibility for the adequacy or
accuracy of this release.
About Progressive
Planet:
We are a CleanTech and manufacturing company with proven product
lines based in Kamloops, British
Columbia. Our expertise lies in developing critical
low-carbon and carbon sequestering solutions using our owned
mineral assets and recycled materials to create planet-friendly
products that fight climate change and protect our planet's
health.
Our products are in 10,000+ retail stores across North
America. Our innovations, created at our C-Quester™ Centre of
Sustainable Innovation, bring positive disruption to the cement,
agricultural and animal-care sectors by creating products that help
reduce carbon footprints and restore ecosystems.
Forward-Looking
Statements:
Certain statements in this release are forward-looking
statements, which reflect the expectations of management regarding
the matters described herein. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations, or intentions regarding the
future. Such statements are subject to risks and uncertainties that
may cause actual results, performance, or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied
by the forward-looking statements, including factors beyond the
Company's control. These forward-looking statements are made as of
the date of this news release.
Disclaimer:
This news release, required by Canadian laws, does not
constitute an offer of securities and is not for distribution or
dissemination outside Canada.
SOURCE Progressive Planet Solutions