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Very quiet here. I’m still holding half a position. Fully diluted share count is now 150M, which is rather high, especially considering the pre-commercial status of their blue sky opportunities with fertilizer and SCM. While Steve is very informative with his YouTube presentations, what is really missing for investors to connect the dots is the company’s current capacity available for legacy vs blue sky businesses and how expensive would it be to scale up?
Steve had said the pozglass pilot plant could cost $10M just to test if it’s economically viable. But there’s not enough cash/cash flow, so how can this plant be funded without further dilution?
The collaboration with PYR is exciting if it bears fruit. Hopefully they can offer results on those tests prior to YE. We should also get a better idea of the fertilizer potential once trial results come back before YE. Lots of irons in the fire but for now the market is really just giving value to the legacy business and virtually none to IP or blue sky potential and I’d guess this is due to the likelihood of further dilution.
Reduced my position considerably after disappointing YE results.
Significant margin compression due to inflation pressures..
Now I understand why the owners sold. Margin erosion began during Covid and accelerated recently in a big way. The APL team lacked adaptability.
Despite recent warrant acceleration, Cash is the near term concern so Q1 results (out soon) should answer some questions.
Bigger picture potential is still there especially with Q3 tolling rev potential and as we get further details on SCM commercialization plans.
Shares out plus a large number of warrants has the f/d shares near 150M or a 45M market cap for a company with barely $20M sales trying to claw back gross margins toward 20%. That’s very overpriced imo… investors are giving too much valuation premium to unproven uncommercial IP. So I’ll hold a few and watch for the market to come to its senses. But insiders are strong supporters of the stock so that’s a big plus and certainly buttresses the share price
Doubled my position at .25 last week. Thought perhaps I could get even more at lower prices near .20 during the warrant acceleration period but the buying window quickly closed. Anywhere near .30 and I’ll add more if given the opportunity. I’d prefer the market continues to sleep on this one for a while longer.
I expect a sizable revenue increases going forward with solid margins as the integrated APL acquisition opens up the rock phosphate tolling opportunity in a big way. Success in the SCM market is going to take more time to materially prove out and be commercialized but with increasing cash flow from operations and ongoing warrant accelerations to bring in additional capital, the company can pay down the debt and self fund their growth and expansion plans. And just as importantly: STOP diluting shareholders with dirt cheap warrants to friends and family insiders. The share structure has grown rapidly in the last 12 months so I want management to be far more prudent going forward.
The market has this one on ignore for now, which provided an opportunity to get long with some cheapies recently in the .26 - .28 range.
The phosphate tolling plant expansion is the low hanging fruit revenue growth opportunity offering strong margins while they continue to refine their SCM solutions and provide further details on commercial ramp up and production.
Strong insider support. Share structure is a little high at 140 M f/d but hopefully they’re able to self fund expansion plans with accelerated warrant exercises and strong revenue growth especially with DAP and MAP still near record highs due to China’s curbed exports and record high nat gas prices in the EU closing fertilizer production capacity.
$PLAN.V Progressive Planet Announces Sustainable Fertilizer and Agriculture Operations Expansion
https://howardgroupinc.com/progressive-planet-announces-sustainable-fertilizer-and-agriculture-operations-expansion/
$PLAN.V Progressive Planet Closes Final Tranche of Private Placement for Total Proceeds of $6.22M
https://howardgroupinc.com/progressive-planet-closes-final-tranche-of-private-placement-for-total-proceeds-of-6-22m/
$PLAN.V Progressive Planet Closes Acquisition of Absorbent Products Ltd.
https://howardgroupinc.com/2022/02/22/progressive-planet-closes-acquisition-of-absorbent-products-ltd/
$PLAN.V Progressive Planet Closes First Tranche of Private Placement for Gross Proceeds of $4,014,675
https://howardgroupinc.com/2022/02/11/progressive-planet-closes-first-tranche-of-private-placement-for-gross-proceeds-of-4014675/
$PLAN.V PROGRESSIVE PLANET ENGAGES BANK OF MONTREAL TO UNDERWRITE DEBT TO PROCEED WITH ACQUISITION OF ABSORBENT PRODUCTS LTD.
https://howardgroupinc.com/2022/01/28/progressive-planet-engages-bank-of-montreal-to-underwrite-debt-to-proceed-with-acquisition-of-absorbent-products-ltd/
$PLAN.V PROGRESSIVE PLANET ENGAGES PYROGENESIS CANADA INC FOR POZGLASS 100G SCM OPTIMIZATION FEASIBILITY STUDIES
https://howardgroupinc.com/2022/01/27/progressive-planet-engages-pyrogenesis-canada-inc-for-pozglass-100g-scm-optimization-feasibility-studies/
$PLAN.V Progressive Planet Q1 2022 Company Presentation
https://howardgroupinc.com/wp-content/uploads/2022/01/PLAN-Investor-Deck-2022-Jan-07.pdf
$PLAN.V Market Responds Positively to Progressive Planet’s Pending Acquisition
https://howardgroupinc.com/2022/01/12/market-responds-positively-to-progressive-planets-pending-acquisition/
$PLAN.V PROGRESSIVE PLANET RECEIVES TSXV CONDITIONAL APPROVAL TO PROCEED WITH ACQUISITION OF ABSORBENT PRODUCTS LTD.
https://howardgroupinc.com/2022/01/10/progressive-planet-receives-tsxv-conditional-approval-to-proceed-with-acquisition-of-absorbent-products-ltd/
$PLAN.V PROGRESSIVE PLANET ANNOUNCES MANAGEMENT WEBINAR TO PROVIDE BUSINESS AND OPERATIONS UPDATE
https://howardgroupinc.com/2022/01/progressive-planet-announces-management-webinar-to-provide-business-and-operations-update/
$PLAN.V PROGRESSIVE PLANET’S VP OF R&D, DR. ROGER MAH, RECOGNIZED FOR CARBON CAPTURE CONTRIBUTED RESEARCH IN SCIENCE MAGAZINE
https://howardgroupinc.com/2021/12/progressive-planets-vp-of-rd-dr-roger-mah-recognized-for-carbon-capture-contributed-research-in-science-magazine/
#progressiveplanet #carbon #carboncapture #environment #green #greentech #greentechnology #tech #research #science #pozzolan
$PLAN.V PROGRESSIVE PLANET ANNOUNCES COMPELLING 28-DAY STRENGTH RESULTS FOR POZGLASS™ 100G SCM FROM INDEPENDENT LAB
https://howardgroupinc.com/2021/12/progressive-planet-announces-compelling-28-day-strength-results-for-pozglass-100g-scm-from-independent-lab/
$PLAN.V Progressive Planet Shareholder Update
https://howardgroupinc.com/2021/12/progressive-planet-shareholder-update/
$PLAN.V Progressive Planet Launches New Calgary-based R&D Innovation Division, Focus On Sustainable Cement Development And Materials Science Consulting
https://howardgroupinc.com/2021/11/progressive-planet-launches-new-calgary-based-rd-innovation-division-focus-on-sustainable-cement-development-and-materials-science-consulting/
$PLAN.V | Progressive Planet Unveils 100% Recycled Post-Consumer Glass Pozzolan Created to Sequester and Radically Reduce Carbon Emissions in Concrete
https://howardgroupinc.com/2021/11/progressive-planet-unveils-100-recycled-post-consumer-glass-pozzolan-created-to-sequester-and-radically-reduce-carbon-emissions-in-concrete/
$PLAN.V HG Interview with Steve Harpur, CEO at Progressive Planet Solutions Inc.
$PLAN.V Progressive Planet Moves PozGlass SCM Commercialization Efforts Forward with Strong Proprietary Formula Test Results
https://howardgroupinc.com/2021/10/progressive-planet-moves-pozglass-scm-commercialization-efforts-forward-with-strong-proprietary-formula-test-results/
#progressiveplanet #pozglass #ecofriendly #green #greentech #environment #environmental #lowcarbon #flyash #concrete
Progressive Planet congratulates ZS2 for Baymag partnership
https://howardgroupinc.com/2021/09/progressive-planet-congratulates-zs2-for-baymag-partnership/
More good news from management as the rollout of revenue producing projects continue
" ("PLAN" or the "Company"), wishes to congratulate ZS2 Technologies on its milestone strategic partnership (the "Partnership") with Baymag Canada to accelerate commercialization of leading-edge sustainable construction materials. The highlight of the news is listed below.
Progressive Planet Solutions (CNW Group/Progressive Planet Solutions)
Baymag Inc., North America's leading producer of Magnesium Oxide, and ZS2 Technologies Ltd., a rapidly growing Alberta based developer of innovative building technologies, are pleased to announce a strategic partnership to accelerate the development of high-performance construction material technologies which are safer, healthier, and sustainable.
Through this partnership, both companies will reduce environmental impacts at the Baymag mine and in their respective operations. This partnership includes raw material supply, joint research and development activities, and market initiatives for new products in the building material
On July 15, 2021, PLAN announced an LOI that included a supply agreement with ZS2 of up to 10,000 tons annually of Z1 Natural Pozzolan from PLAN's Z1 Natural Pozzolan Quarry. The LOI also highlights the Company agreed to invest up to $300,000 in units of a private placement in ZS2, which has since been approved by the TSX Venture Exchange. Finally, the agreement included combining applied research efforts between PLAN and ZS2 to permanently sequester CO2 in magnesium-based cements.
ZS2 is a leading-edge technology company focused on the development and commercialization of sustainable construction materials which are safer, stronger, and healthier for residential, commercial, and institutional clients. ZS2's proprietary TechPanels™, TechBoard™, TechClad™, and TechSpray™ are based on low carbon proprietary magnesium cement formulations. Headquartered in Calgary, Alberta, ZS2 is a leading player in the growing low carbon technology economy in Western Canada.
Baymag Inc. is North America's leading producer of Magnesium Oxide and Canada's sole producer with state-of-the art processing facilities in Exshaw, Alberta, mine site near Radium, B.C. and corporate head office in Calgary, Alberta. This strategic partnership coincides with the recently completed multi-million-dollar expansion of Baymag's world class processing facility and strategic investment in the Alberta economy.
Since signing the July 15 agreement with ZS2, PLAN has developed a process to deliver CO2 into magnesium cement and ZS2 has developed a proprietary recipe which includes materials supplied by PLAN along with materials supplied by Baymag.
"We are proud to be a strategic partner with ZS2 and a significant supplier of low carbon materials for their made-in-Canada solutions for lowering carbon footprints of the building industry," states Stephen Harpur, PLAN's CEO. "Low carbon building technologies are a vital part of reducing global carbon emissions. We are delighted that ZS2 has created this exciting partnership with Baymag to accelerate the efforts of ZS2 to reduce the carbon footprint of the global building industry"
Scott Jenkins, CEO of ZS2 Technologies, commenting on the rapidly growing ecosystem of leading-edge companies focused on sustainable building companies, "Our recently announced partnership with the world's largest non state-owned magnesium producer is a perfect compliment to our previously announced partnership with Progressive Planet Solutions and further demonstrates the growing group of innovators in the low carbon material space coming together. The economic opportunity from true low carbon, high performance building materials is a generational opportunity to improve our planet."
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets."
Progressive Planet Appoints Mr. Peter Lacey to its Board
https://howardgroupinc.com/2021/09/progressive-planet-appoints-mr-peter-lacey-to-its-board/
A significant confirmation of valued results was announced today. Major step towards a significant possible revenue source.
" ("PLAN" or the "Company"), is pleased to announce the positive 91-day Resistance to Chloride Ion Penetration (RCP) test results for its PozGlass™ SCM product. The Company is focused on delivering economic and eco-friendly solutions for the cement and concrete industry.
On June 23, 2021, PLAN announced the better-than-expected accelerated-cure RCP test results for PozGlass SCM. The 28-day accelerated-cure test results give an indication of the result expected at 91 days with standard curing. The Company is pleased to announce the 91-day RCP test results of 1035 Coulombs with 25% of Portland cement replaced with PozGlass SCM are identical to those received during the 28-day accelerated-cure test results.
"We believe PozGlass SCM will radically reduce the carbon footprint of cement through every step of the process," stated Steve Harpur, CEO. "Lower permeability means longer-lasting concrete and less cement powder used in the future, which is key to reducing CO2 emissions."
With the confirmation of the results, management remains optimistic that the market potential for the proprietary formulation and process in the blending of natural pozzolans and recovered post-consumer glass could be larger than originally expected.
On or before October 18, 2021, PLAN will be releasing the 6-month sulfate resistance test that began in April of this year. The test is the last remaining concrete durability test underway with C&CS Atlantic and represents another potential market size boost for PozGlass SCM.
Numerous precast and ready-mix concrete applications specify moderate-to-high resistance to sulfate attack and therefore require cement capable of resisting sulfate attack. Preliminary results from sulfate-resistance tests indicate that PozGlass SCM used at a 25% replacement for Portland cement significantly increases resistance to sulfate attack,
Sulfate resistance helps protect against soils or ground waters where sulfate concentrations are higher than normal; often necessary in foundations such as basements and pilings. Sulfate resistant concrete is also widely used for concrete exposed to seawater and salt-water environments, in agriculture for structurally reinforced concrete exposed to manure and/or silage gases, and for concrete applications exposed to municipal sewage and industrial effluent.
PLAN is using the information gathered in these final phases of testing to facilitate early discussions with concrete producers, which has already met with success. The July 15 announcement of an LOI with ZS2 Technologies Ltd. stated PLAN will commence supplying ZS2 Technologies with commercial amounts of SCM product in Q4 2021, ramping up to 10,000 tons annually of Natural Pozzolan from PLAN's Z1 Natural Pozzolan Quarry as the Company moves towards full-scale commercialization in Western Canada and the Pacific Northwest."
Impressive development in the proving of the treatment eco-friendly cement powders
"("PLAN" or the "Company"), is pleased to announce that it is receiving advisory services and funding of up to $100,000 from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) to support the Company's research and development project to optimize PozGlass™ SCM. The project furthers the Company's path to commercialization of economic and eco-friendly cement powders to replace Portland cement and fly ash in the production of concrete.
Progressive Planet Solutions (CNW Group/Progressive Planet Solutions)
In recent weeks, PLAN has successfully sequestered CO2 into the post-consumer glass in PozGlass SCM using a proprietary process. Early results show the carbonated glass improves performance and the emissions reduction potential of PozGlass SCM. A US provisional patent application has been filed by PLAN.
"It is exciting that our early efforts to permanently sequester carbon dioxide in glass have been successful," states Steve Harpur, CEO. "With our NRC IRAP-supported project, we are seeking to further reduce the carbon footprint of PozGlass SCM by converting CO2 into carbonate, which is permanent carbon sequestration. It is our continued intention to rapidly commercialize PozGlass SCM as a substitute for a significant portion of Portland cement and fly ash used concrete mixes with PozGlass SCM possessing a fraction of the carbon footprint of both Portland cement and fly ash."
Unlike the production of Portland cement and fly ash, the production of PozGlass SCM does not require high temperature roasting or generate huge amounts of off-gassed CO2.
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.
not sure of the importance of this transaction.
anyone have knowledge?
"The TSX Venture Exchange has accepted for filing a subscription agreement dated Aug. 4, 2021, between Progressive Planet Solutions Inc. and ZS2 Technologies Ltd., whereby the company will invest $300,000 in units of ZS2 under a private placement at a price of $1 per unit, with each unit comprising one share and one warrant of ZS2 at an exercise price of $2 per share for a period of 18 months. The investment will represent a 2.27-per-cent interest in ZS2. There is a common director between the company and ZS2. [
A very significant partnership announced by management.
This shows how the company is expanding its leading role in controlling carbon emissions in the developing environment.
"PROGRESSIVE PLANET ANNOUNCES NEW BUSINESS RELATIONSHIP WITH FERTOZ LTD.
Progressive Planet Solutions Inc. has received a first purchase order (PO) from Fertoz Ltd. (ASX: FTZ). The new business relationship focuses on grinding soft rock phosphate into fine powder for use as organic fertilizer.
Since August, 2020, Progressive Planet has been processing organic rock powders for agriculture with the same equipment used to make supplementary cementitious materials. While pursuing market demand to move away from chemical fertilizers, Progressive Planet has implemented a series of upgrades to its comminution plant to keep up with the rapid growth in demand.
The signed PO kicks off a relationship between Fertoz and Progressive Planet in which Progressive Planet will process Fertoz's phosphate products for sale throughout Western Canada and the Northwest United States.
"Soil is the second biggest carbon sink after the oceans and the most logical place to put excess carbon," says Ian Grant, Progressive Planet's vice-president of business development. "We are extremely pleased to be working with such a like-minded company and be processing materials that will rebuild our soils so they can sequester more CO2."
Fertoz is the largest supplier of organic rock phosphate in North America, and recently announced mining permits are in place to access large phosphate resources in Fernie, B.C. Fertoz's products promote good agricultural practices that earn farmers carbon credits that can be sold back to industry to offset emissions.
Mining and extraction operations are planned to commence at Fernie in August, 2021, to satisfy increasing demand.
Pat Avery, chief executive officer of Fertoz, stated: "We have been conducting planning and specifications meetings with Progressive Planet for some time. With their plant upgrades and our increasing sales volumes, particularly specialty blends, PLAN provides a great location for our customers. Fertoz has expanded its line of low carbon and carbon sequestering fertilizers and products. As noted, we have mining in the area and PLAN's operation will allow us to upgrade our low carbon fertilizers cost effectively."
About Progressive Planet Solutions Inc.
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low-carbon, pozzolan-based cementing products, which replace equivalent amounts of Portland cement and fly ash in concrete. The production of Portland cement is the second-largest global generator of carbon dioxide emissions.
Progressive Planet operates its flagship Z1 natural pozzolan quarry in Cache Creek, B.C., is earning a 100-per-cent interest in the Z2 natural pozzolan property near Falkland, B.C., and is earning a 100-per-cent interest in the Heffley Creek metal and natural pozzolan property. All three properties are within a one-hour drive of Kamloops, B.C., an industrial hub with rail access to Canadian and U.S. markets."
Plan continues the good news regarding developing significant products to increase the value of their holdings.
" ("PLAN" or the "Company"), is pleased to announce the positive accelerated-cure Resistance to Chloride Ion Penetration (RCP) test results for its PozGlass™ SCM product. The Company is focused on delivering economic and eco-friendly solutions for the cement and concrete industry.
Based on the better-than-expected accelerated-cure RCP test results, management believes the market potential for the proprietary formulation and process in the blending of natural pozzolans and recovered post-consumer glass could be larger than originally expected.
Measuring RCP is essential because permeability is a factor in the long-term durability of concrete. Lower permeability results in longer lasting concrete because the metal rebar in the concrete is better protected from outside chemical attack. This is especially important in coastal saltwater environments, where the bulk of the world's concrete is produced, and applications where de-icing salts are used.
The 28-day accelerated-cure RCP testing was led by Dr. Michael Thomas from C&CS Atlantic. Dr. Thomas is a Professor in the Department of Civil Engineering at the University of New Brunswick (UNB), a registered Professional Engineer in the province of New Brunswick and has been working in the field of cement and concrete research since 1983.
Dr. Thomas's main research interests include concrete durability and the use of industrial by-products such as pozzolans and slag. He has authored more than 200 technical papers and reports including the book "Supplementary Cementing Materials in Concrete".
"The 28-day accelerated-cure test results give an indication of the result expected at 91 days with standard curing. As such, the value of 1035 Coulombs at 28 days for the concrete mix with 25% PozGlass SCM indicates excellent performance that should comfortably meet the requirements for a C-1 exposure (1500 Coulombs at 91 days) and possibly C-XL exposure (1000 Coulombs at 91 days)," stated Dr. Thomas. "I am confident that the C-XL requirement would be met easily at a slightly higher replacement (such as 30% PozGlass SCM)."
"The highest durability performance expectations in CSA A23.1 (latest version) are for C-XL concrete, which is structurally reinforced concrete exposed to chlorides or other severe environments with or without freezing and thawing conditions. PozGlass SCM shows the potential to be used for the most demanding C-XL applications and, therefore, greatly reduces the risks for concrete producer's everyday applications as well," says Ian Grant, who spent 5 years as a senior executive in the cement and concrete industry prior to becoming PLAN's VP of Business Development.
The full 91-day RCP test results will be available from Dr. Thomas by end of July 2021. In addition, the 6-month sulphate resistance test results will be completed in early October 2021.
The Company has also received 56-day compressive strength results from Dr. Thomas with strengths performing as expected. PozGlass SCM has climbed to 56.3 MPa at 56 days, while the Portland Cement control was at 59.1 MPa.
"With 25% replacement I would expect the strength to be lower at early age but to see more strength gain with age to the extent that strength parity is eventually reached and the pozzolan mix being superior thereafter. The precise timing of this depends mainly on the properties of the pozzolan and temperature," says Dr. Thomas. "Achieving near strength parity at 56 days is quite typical of many pozzolans."
PLAN is using the information gathered in this phase of testing to facilitate early discussions with concrete producers as the company moves towards full-scale commercialization of PozGlass SCM in Western Canada and the Pacific Northwest.
"Our intent with PozGlass SCM is to radically reduce the carbon footprint of cement. When concrete lasts longer, less Portland Cement is produced. Longer lasting concrete is a key to reducing CO2 emissions and part of our goal of building a better, cleaner world," stated Steve Harpur, CEO.
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.
Management is building a scientific powerhouse group to develop more products to add to the portfolio. Success will increase revenue flows in growing global protection. Bravo!
"("PLAN" or the "Company"), is pleased to announce the hiring of Dr. Roger Mah as VP of Research and Development. The Company is focused on developing economic and eco-friendly solutions for the cement and concrete industry.
Progressive Planet Solutions Logo (CNW Group/Progressive Planet Solutions)
Roger received his PhD in Chemistry from the University of Calgary specializing in metal-organic framework (MOF) materials for carbon capture applications which included assessing the implementation strengths, weaknesses, and barriers of MOF commercialization. Roger then joined Carbon Management Canada and the Carbon Capture and Conversion Institute as a Mitacs Accelerate Fellow. For two years, he assessed the innovation ecosystem for carbon capture utilization and storage including sequestration in the built environment with companies such as CarbonCure, Carbicrete, and Solidia. He evaluated gaps and barriers for technology developers taking their technologies from lab/bench towards commercialization and step-gates along the technology readiness level ladder.
Roger was previously the CEO of ZoraMat Solutions where he led efforts in commercializing a MOF for carbon capture and received multiple accolades such as the 2018 Mitacs Change Agent Award, the 2019 GreenSTEM fellowship and a 2020 CleanTech Emerging Leader Award. Roger is the co-inventor of a technology from the University of Calgary that is currently being evaluated for commercialization at LafargeHolcim's cement plant in Richmond, British Columbia.
"We are extremely pleased to welcome Dr. Roger Mah," stated Steve Harpur, CEO. "Roger combines a unique blend of entrepreneurialism, scientific prowess, and carbon capture utilisation and storage (CCUS) experience. We are excited to add a full-time, in-house scientist to lead our research efforts. Roger's addition to the team is intended to accelerate our applied research program in carbon sequestration in supplementary cementing materials (SCMs) and Portland Cement."
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets."
TODAY'S news shows the company is developing a more professional Board as PLAN becomes more of a legitimate industrial player in its field of interest. A good responsable plan.
"("PLAN" or the "Company"), reports the appointment of Mr. Chris Halsey-Brandt, CPA, CA, CBV as CFO of the Company, replacing Mr. David Cross, CPA, CGA. The Company thanks Mr. Cross for his tenure as CFO since 2018.
Progressive Planet Solutions Logo (CNW Group/Progressive Planet Solutions)
Chris is both a Chartered Professional Accountant (CPA) and a Chartered Business Valuator (CBV). Chris currently owns and operates a successful food processing business. Prior to becoming an entrepreneur, Chris was a Partner at Blair Mackay Mynett Valuations Inc., a leading Vancouver-based business valuation firm. During his time at BMM, Chris specialized in the valuation of public and private companies. Chris obtained his CPA designation while articling at PricewaterhouseCoopers LLP in Vancouver.
"I would like to thank Dave Cross for his multiple years as CFO of PLAN. During his tenure, the company grew its pozzolan assets and started producing mineral powders. Dave was always accessible and consistently had our financial filings filed in a timely manner. As the Company grows, the CFO position is becoming more time consuming and we welcome Chris into this role," stated Steve Harpur, CEO.
"Chris' experience in valuing businesses will be a key tool as PLAN seeks to grow in the future both organically and through evaluating opportunities to acquire operational pozzolan businesses that include both pozzolan reserves and cash flow. Chris was already involved with PLAN through our Advisory Board and now that Chris is our CFO, he has resigned as an Advisory Board Member," stated Harpur.
To ensure an orderly transition, Mr. Cross will be retained in a consultancy role until August 1, 2021.
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets."
Major expansion of production capacity of the plant promises great increase in product. Revenue should show a significant increase.\"
"("PLAN" or the "Company"), is pleased to announce it has expanded its comminution plant's toll processing capacity by a factor of eight times with the addition of a larger ball mill.
Progressive Planet Solutions Logo (CNW Group/Progressive Planet Solutions)
Comminution is the reduction of solid materials from one average particle size to a smaller average particle size, by crushing, grinding, cutting, vibrating, or other processes.
On August 14, 2020, PLAN announced that it had completed the design and construction of its comminution plant. The plant was built to enable easy disassembly and has functional capability to size-reduce rocks from 6 inches down to 5 microns. For reference, one inch is equivalent to 25,400 microns.
In January 2021, PLAN ordered a larger ball mill (approximately 8 times the processing volume) to enable it to process more material per hour. This mill was received on March 26, 2021 and has now been commissioned.
PLAN has ordered additional equipment to further automate the processing capability of the comminution plant and further improve processing capacity. This equipment is expected to be received and fully operational in May 2021.
Since mid March 2021, PLAN has received over $250,000 in purchase orders for rock powders from its existing customers and has also received requests for quotes from multiple new potential customers.
Due to the increased demand for our services, PLAN has hired and trained staff and commenced running a full second shift effective April 12, 2021 at the comminution plant.
"We are excited that we could get our new mill manufactured in Canada and to be creating employment, especially when so many businesses are struggling during these unprecedented times. PLAN creates specialized rock powders supplying our B2B customers who then sell the product throughout North America and Europe," stated Ian Grant, Manager of Business Development.
PLAN is searching for a permanent facility to house its growing comminution business.
"Should one be wondering what the grinding of soft rock powders has to do with the company's work on developing new technologies for the cement industry, the answer lies in our vision for the future" stated CEO Steve Harpur.
"The current plant provides the company with an opportunity to generate fast revenues from an existing business, but the facility is also going to serve as a testing centre for the development of PozGlass™ SCM.
We believe the demand for pozzolan based cement powders will accelerate as fly ash is no longer generated from combusting coal. We are also seeing tremendous demand to toll process minerals as farmers switch away from chemical fertilizers to natural fertilizers. The purchase orders we received in the last month greatly exceed the tonnage of material processed since we opened our comminution plant last August and we are using the same equipment we use to process natural pozzolans and pulverized post-consumer glass" stated Harpur.
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets."
MANAGEMENT IS ADDING PERSONS TO THEIR ADVISORY BOARD. PART TIME FOR NOW AS THEY OBVIOUSLY FEEL THERE IS A MARKET FOR THEIR PRODUCTS THAT CAN BE EXPANDED AND DEVELOPED.THEY ARE BUILDING AN INCLUSIVE AND INTELLIGENT COMPANY
"("PLAN" or the "Company"), is pleased to announce the appointment of Brian Sheppard and Nicole Stefenelli to the company's Advisory Board, and Dr. Chad Vecitis to its research team.
Progressive Planet Solutions (CNW Group/Progressive Planet Solutions)
'These appointments are a major step forward for Progressive Planet' says CEO, Stephen Harpur. 'Brian, Nicole and Chad are leaders in their respective fields, and each bring outstanding expertise that will help us guide the Company through its next stage of growth.' These appointments are part-time in nature, and each of the appointees remain in their existing roles with their current employers.
Sheppard will advise on marketing and communication efforts. He has over 25 years of experience at Canada's leading advertising agencies, working on many of the country's most powerful brands. Sheppard is currently the Executive Creative Director of Saatchi & Saatchi Canada. In addition to creating effective, award-wining advertising, he is also an instructor in the Advertising faculty of the Ontario College of Art & Design (OCADU) in Toronto.
Stefenelli will advise on procurement of commercial amounts of post-consumer glass and other commodities required for the commercialization of PozGlass SCM. She is CEO and Founder of Urban Impact Recycling, a well-established recycling company serving customers in British Columbia's Lower Mainland. Stefenelli brings three decades of experience in the field of finding solutions to the growing problem of corporate and institutional waste. In 2010 she won the Ernst & Young CEO of the Year in the Cleantech category. In 2012 she was awarded the YWCA Women of Distinction Award in the Entrepreneur category. Stefenelli served on the Board of Directors for the Forum for Women Entrepreneurs and Science World and has also served on the Board of the Recycling Council of British Columbia.
Dr. Vecitis has been contracted to provide expertise and guidance in regard to carbon sequestration in cellular concrete. Dr. Vecitis is the CTO and Co-Founder of Nth Cycle that is redefining the metal supply chain by developing novel metallurgic technologies. He is also an Associate of Environmental Science & Engineering at the Harvard Paulson School of Engineering & Applied Sciences where his research focuses on environmental science and emerging nanotechnologies. Dr. Vecitis is co-author of over eighty peer-reviewed papers and a number of patents, and has been invited to present his research around the world.
ABOUT PROGRESSIVE PLANET
Progressive Planet is an emerging leader in supplying solutions for a livable planet by developing low carbon, pozzolan-based, cementing products which replace equivalent amounts of Portland Cement and fly ash in concrete. The production of Portland Cement is the second largest global generator of CO2 emissions.
Progressive Planet operates its flagship Z1 Natural Pozzolan Quarry in Cache Creek, British Columbia and is earning a 100% interest in the Z2 Natural Pozzolan Property near Falkland, BC and earning a 100% interest in the Heffley Creek Metals and Natural Pozzolan Property. All three properties are within a one-hour drive of Kamloops, BC, an industrial hub with rail access to Canadian and US markets.}"
THAT DIDN'T TAKE LONG-PP COMPLETED
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Dec. 22, 2020, and Jan. 7, 2021.
Number of shares:7.5 million shares Purchase price:10 cents per share Warrants:7.5 million share purchase warrants to purchase 7.5 million shares Warrant exercise price:15 cents for a one-year period Number of placees:29 placeesInsiders:Countryman Investments Ltd. (George Richardson), one million; The Howard Group (Grant Howard), 350,000Total pro group involvement:350,000 (two placees) Finders' fees:Mackie Research Capital Corp., $7,500 cash and 75,000 broker warrants payable; PI Financial Corp., $7,500 cash and 75,000 broker warrants payable; Canaccord Genuity Corp., $12,750 cash and 127,500 broker warrants payable (Each broker warrant is exercisable into one common share at 10 cents for one year from closing.)
MR. RICHARDSON HAS A HUGE POSITION IN THE SHARES OF THE
COMPANY AND DESERVES IT. WITHOUT HIS INVESTMENT I DON'T THINK THE COMPANY WOULD HAVE THE OPPORTUNITY IT HAS. IF SALES OF THEIR PRODUCTS ARE AS BENEFICIAL TO THE ENVIRONMENT WE COULD SEE MULTIPLES OF THE SHARE PRICE.
IE WATCH THE REVENUE FLOWS IN THE FINANCIALS TO DETERMINE THE FUTURE SHARE PRICES.