Bromley Creek Quarry Receives New 5-Year Permit
/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.
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.
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.
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
or investor relations inquiries, please contact: Steve Harpur, CEO, 1 (800) 910-3072, [email protected]
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