CA Market News
2月前
Progressive Planet provides shareholder updateApril 9, 2026 4:58 PM
PR Newswire (Canada)
/DISCLAIMER: THIS NEWS RELEASE, REQUIRED BY CANADIAN LAWS, DOES NOT CONSTITUTE AN OFFER OF SECURITIES AND IS NOT FOR DISTRIBUTION OR DISSEMINATION OUTSIDE CANADA./KAMLOOPS, BC, April 9, 2026 /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") is proud to provide a detailed shareholder update.
Progressive Planet Products records highest ever monthly purchase orders.On December 18, 2025, Progressive Planet announced that it received the highest monthly purchase orders in October 2025 since the acquisition of Absorbent Products in February 2022. Purchase orders received in October 2025 exceeded $2.7 million.The Company is pleased to announce that in the month of March 2026, purchase orders received exceeded $3 million.Progressive Planet witnessed an increase across multiple product lines, not just in the new SKUs going into the US market.PLAN expands to a fifth production line to meet new demand.With the growth experienced in the core business in Kamloops, Progressive Planet is experiencing greater demand than can be filled with its current line that is used to fill puffer bottles, small jugs, and pouches."We have seen an increase in demand across all of our agricultural products packaged in rigid plastic jugs and bottles. To alleviate the resulting production bottleneck, we have decided to invest in a used system, allowing us to run two SKUs simultaneously. The expectation is that the used system will be operational in Kamloops in the month of May 2026," stated Steve Harpur, CEO.In the longer term, the Company is looking at larger, more automated systems, but our internal growth projections envision utilizing all of the new and used equipment that will be procured in the next year.Progressive Planet Alberta signs first lab contract.Progressive Planet Alberta (PPA) has signed its first paid client and is excited to provide lab support to CURA, a UBC spinout technology that is electrifying the production of cement clinker."This new phase for PPA follows a successful grand opening event and we are excited to start serving new clients as well as progressing the development of Planet LCD Cement and affiliated admixtures. The dual mandate of generating revenue for the company, while progressing product development research is a practical way to alleviate the cost of development," stated Dr. Doug Brown, President and CTO."Progressive Planet Alberta is filling a critical gap in regional cement testing, and we're proud to be their first client. Their commitment to practical, science-driven decarbonization aligns with our own, and access to reliable, local lab support enables CURA to move faster on commercial validation as we scale our electrochemical technology for low-carbon cement production," stated Dr. Erin Bobicki, CEO of CURA.About Progressive Planet:Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.Our C-Quester™ Centre of Sustainable Solutions leads advancements in low-carbon cement technologies. Progressive Planet's products are proudly available in over 10,000 retail locations across North America. For more information, visit progressiveplanet.com.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.Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein including statements regarding the development of future products. 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.SOURCE Progressive Planet Solutions Inc.
Original: Progressive Planet provides shareholder update
CA Market News
3月前
Progressive Planet provides details of insider transactionsMarch 20, 2026 4:15 PM
PR Newswire (Canada)
KAMLOOPS, BC, March 20, 2026 /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") provides detail of certain insider transactions completed on March 17th and March 18th, 2026.
On March 17, 2026, Stephen Harpur, CEO and Chair of Progressive Planet, sold 450,000 common shares of PLAN in two pre-arranged block trades at $0.32 per share. Then, on March 18, 2026, Mr. Harpur sold an additional 50,000 shares at $0.32 per share.Furthermore, on March 18, 2026, Mr. Harpur exercised 150,000 stock options at $0.18 per share. Ownership of 75,000 of the shares obtained from this exercise were immediately transferred to Mr. Harpur's spouse."In April 2023, I borrowed funds to invest in Progressive Planet through a private placement at $0.25 per unit. The investment loan is now due, and I am using proceeds from the share sales to repay the balance," stated Harpur. "I am grateful that I was able to conduct these transactions in an orderly fashion with pre-arranged buyers.""Furthermore, it is my hope and intention to continue to work for Progressive Planet for many years to come, so long as I have the support of the Board of Directors and PLAN's shareholders. While I am not required to publicly disclose the rationale for these transactions, it is personally important to me to provide this information to PLAN's investors and other stakeholders," stated Harpur.Mr. Harpur continues to hold over 1.9 million shares and over 3 million stock options via personal and corporate accounts. Insider filings relating to these transactions were completed on March 20, 2026.About Progressive Planet:Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.Our C-Quester™ Centre of Sustainable Solutions leads advancements in low-carbon cement technologies. Progressive Planet's products are proudly available in over 10,000 retail locations across North America. For more information, visit progressiveplanet.com.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.Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein including statements regarding the development of future products. 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 Inc.
Original: Progressive Planet provides details of insider transactions
CA Market News
3月前
Progressive Planet Announces Record Q3 RevenueMarch 12, 2026 4:40 PM
PR Newswire (Canada)
KAMLOOPS, BC, March 12, 2026 /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") is proud to provide highlights for the third quarter ended Jan 31, 2026.
Financial Highlights include the following when compared to the third quarter of the prior year:Revenue increased by 22% to $5,816,709 – the second highest quarterly revenue and the highest Q3 revenue since the acquisition of Absorbent ProductsGross profit increased by 47% to $1,991,301, and gross margin increased to 34% compared to 28% for Q3 of 2025Income from operations decreased by 32% to $157,443, as the Company incurred a significant one-time promotional expense in the current quarter as well as significant research and development costs associated with the development of its PozGlass™ SCM Pilot PlantEBITDA decreased to negative $499,643, compared to positive $421,959 for 2025Adjusted EBITDA increased to $624,115, compared to $428,453 for 2025 (a 46% increase)Existing credit facilities remain unused with greater than $3,000,000 in credit available as at January 31, 2026, and $2.14 million in cash before receipt of further grant funds as a subsequent event after the end of Q3The negative EBITDA was the result of two one-time charges that were taken in the quarter. The first charge was an investment for a slotting fee to one of our largest US accounts whereby we obtained placement in over 2,400 retail locations for three new SKUs which doubled our total SKU count in these stores to six SKUs. Progressive Planet has not incurred any other slotting fees since the acquisition of Absorbent Products in February of 2022. This was a strategic investment in retail distribution and is not expected to recur as a normal part of operations.The second one-time charge resulted from the write down of the Z1 Zeolite Quarry as announced on December 18, 2025. This write down decision was made due to Progressive Planet obtaining superior assets for the production of Supplementary Cementing Materials (SCMs), and agricultural soil amendment products with the acquisition of Absorbent Products in 2022 and the Ferguson Creek Pozzolan Property in 2025.The Company notes that less than $8,000 was spent on the Z1 Zeolite Quarry from the date of acquisition of Absorbent Products Ltd. in February 2022 up to the date that the decision was made to write down the asset."Our third quarter saw a major investment in R&D with funds spent on the PozGlass Pilot Plant and in the many trials conducted to develop Planet LCD CementTM." stated Steve Harpur, CEO. "In addition, we made the decision to pay for placement of three new SKUs with a large long-term US customer. While we took the entire charge for this investment in Q3, I am confident that we will reap the benefits for many years to come as we now have three new SKUs of product where the material comes from the USA and is sold in the USA," further stated Harpur.Subsequent EventSubsequent to the end of the quarter, Progressive Planet received the second tranche of annual grant payments from both the previously announced federal and provincial funding programs supporting the PozGlass™ SCM Pilot Plant. The amounts received were $1,112,508.81 and $268,715.40, respectively.Certain information provided in this news release is extracted from the consolidated financial statements (the "Financial Statements") and Management's Discussion & Analysis ("MD&A") of the Company for the three-month period ended January 31, 2025, and should be read in conjunction with them. It is only in the context of the fulsome information and disclosures contained in the Financial Statements and MD&A that an investor can properly analyze this information. The Financial Statements and MD&A can be found under the Company's profile on SEDAR+.This news release contains financial measures not prepared in accordance with IFRS® Accounting Standards. These measures, EBITDA and Adjusted EBITDA are referred to as "non-IFRS" measures and are defined below. The Company's management believes these non-IFRS measures provide investors with additional information for the analysis of the Company's results of operations, particularly in evaluating performance from one period to another. The Company's management uses non-IFRS financial measures to make operating decisions, as they facilitate additional internal comparisons of the Company's performance to historical results and to competitors' results.EBITDA: EBITDA, or Earnings Before Interest, Taxes, Depreciation and Amortization, is an alternative measure of performance utilized by management to evaluate and analyze the Company's results. EBITDA is net income (or loss) excluding interest (finance costs), current and future income tax expense, amortization and depreciation expense, and depletion expense.Adjusted EBITDA: Adjusted EBITDA is an alternative measure of performance utilized by management to evaluate and analyze the Company's results. Adjusted EBITDA is EBITDA excluding non-recurring or irregular revenues and expenses that, in the opinion of management, make the period-over-period comparison of results from operations less meaningful. Specifically, Adjusted EBITDA excludes gains and losses on disposal of property, plant and equipment; gains or losses on investment in a private company; gains or losses on investment in a public company; gains on debt forgiveness; gains and losses on modification or settlement of lease liabilities; write-offs of exploration and evaluation assets; and losses on dispositions of exploration and evaluation assets.Progressive Planet CEO Stephen Harpur and CFO Chris Halsey-Brandt will participate in a live webinar hosted by Radius Research on Tuesday, March 17 at 4:30 PM ET / 1:30 PM PT to review the Company's Q3 financial results and provide a corporate update. Investors and interested participants can register to attend the webinar here: https://us02web.zoom.us/webinar/register/6017730906847/WN_2zg1oEKDQgONWLDga7cM7A#/registrationAbout Progressive Planet:Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.Our C-Quester™ Centre of Sustainable Solutions leads advancements in low-carbon cement technologies. Progressive Planet's products are proudly available in over 10,000 retail locations across North America. For more information, visit progressiveplanet.com.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.Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein including statements regarding the development of future products. 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 Inc.
Original: Progressive Planet Announces Record Q3 Revenue
CA Market News
3月前
PLAN replaces 50% of Portland cement with latest cementMarch 10, 2026 8:15 AM
PR Newswire (Canada)
KAMLOOPS, BC, March 10, 2026 /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") is proud to provide a detailed shareholder update on its various cement initiatives.
PLAN files US Provisional Patent Application for Planet LCD CementTM Progressive Planet has developed a third supplementary cementing material (SCM) which it has named Planet LCD Cement. In an effort to reduce the carbon footprint of concrete, global cement companies have begun producing a type of cement called Limestone Calcined Clay Cement (LC3). LC3 cements use natural pozzolans high in alumina such as metakaolin along with limestone and gypsum to replace up to 50% of Portland cement in concrete. LC3 cements are known to be highly reactive based on the fact that they contain high levels of alumina.Progressive Planet believes it is the first company to develop Limestone Calcined Diatomite (LCD). LCD has many times lower amounts of alumina than LC3 Cements and Progressive Planet has successfully substituted up to 50% of Portland with Planet LCD Cement with strong compressive strength in tests on mortar cubes. Current testing has demonstrated strong compressive strength replacing Portland cement on a "weight for weight" basis at 20%, 35%, and 50% replacement with all compressive strengths passing ASTM C618."Planet LCD Cement uses diatomaceous earth, limestone, and gypsum, all which are plentiful materials," stated Steve Harpur, CEO. "We have created a highly reactive cement without metakaolin. Waste diatomaceous earth powders sell for a fraction of the cost of metakaolin. This opens up opportunities to utilize waste diatomaceous earth powders globally to replace 50% of Portland with Planet LCD Cement," further stated Harpur."Planet LCD Cement is a scalable solution that creates stronger cement than the status quo," stated Dr. Doug Brown, CTO. "The reactivity of silica in these naturally occurring rocks is exceptional for the production of natural pozzolans."Planet LCD Cement was invented by Steve Harpur, Dr. Doug Brown, and Michael Carrell, all full-time team members of Progressive Planet. A trademark application for the name Planet LCD Cement has been filed in Canada and protection will be sought in the USA claiming priority to that Canadian application. In addition, a provisional patent application for the composition of Planet LCD Cement has been filed in the USA, which lays the foundation for international filings in additional countries within one year.PLAN announces grand opening of Calgary Cement Lab and streamlining of cement research.Progressive Planet is pleased to announce that its Calgary-based C-Quester™ Centre of Sustainable Solutions will have its grand opening on Thursday, March 26, 2026. Dr. Doug Brown, Dr. Laurie Donnelly, and Dr. Gerhard Albrecht of Progressive Planet Alberta will all be present for the grand opening along with the entire board of directors of Progressive Planet. The two co-founders of Progressive Planet, Dave Richardson and Steve Harpur, CEO of Progressive Planet Solutions will also be present to welcome all of our distinguished guests.Going forward, the Calgary lab will focus on creating various versions of Planet LCD Cement using sources of waste diatomaceous earth from industrial mineral processors while also focusing on the development of our own plasticizer that is specifically designed for use with Planet LCD Cement.The Calgary lab will also work on creating various versions of Gladiator SCM. Finally, the Calgary lab will offer contractual testing services to third party clients with the long-term goal of becoming another profit centre for the PLAN Group of Companies.The Kamloops lab will remain focused on quality control testing of PozGlass SCM as the company moves closer to commercialization. In addition, the Kamloops lab will focus on developing specialty cement additives which contain nanoparticles of glass.The production of PozGlass SCM results in nanoparticles being created in our wastewater. The Kamloops lab has invested in a specialty particle size analyzer that can identify particles as small as ten nanometres. Efforts to recover and generate more nanoparticles of glass have commenced in the Kamloops lab."As a mechanical engineer, I have been working on wet grinding circuits for over fifteen years. As with most materials, the reactivity of PozGlass increases with the reduction in the average particle size," stated Michael Carrell, Manager of the PozGlass SCM lab. "The ability to create incremental value from particles that are so small that they pass through the filter press that recovers PozGlass is exciting to me," stated Carrell.Update on the PozGlass SCM Pilot PlantAll major components for Phase 1 of the PozGlass Pilot Plant are now installed. This has enabled our team to now focus on installing the roof and siding on the building extension and to focus on getting all the equipment energized."Unless there are delays from the local electrical utility to connect the new 1,200-amp electrical service to the power poles on the street, Progressive Planet expects the PozGlass SCM Pilot Plant to be producing dry glass powder before the end of our fourth quarter which ends on April 30, 2026," stated Sam MacDonald, P. Eng. and Process Engineer for PozGlass SCM.About Progressive Planet:Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.Our two C-Quester™ Centres of Sustainable Solutions leads advancements in low-carbon cement technologies. Progressive Planet's products are proudly available in over 10,000 retail locations across North America. For more information, visit progressiveplanet.com.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.Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein including statements regarding the development of future products. 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 Inc.
Original: PLAN replaces 50% of Portland cement with latest cement
delerious1
6月前
Progressive Planet Announces Q2 Revenue and Net Income
December 18 2025 - 4:41PM
PR Newswire (Canada)
KAMLOOPS, BC, Dec. 18, 2025 /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") is proud to provide highlights for the second quarter ended October 31, 2025.
Financial Highlights include the following when compared to the second quarter of the prior year:
Net income increased for Q2 at $971,895 versus $623,498 for the prior Q2.
EBITDA for Q2 of $1,446,716 versus $902,642 for prior Q2 (a 60% increase).
Revenue for Q2 decreased by 9.2% to $4,964,201 from $5,468,559.
Revenue for the first six months increased to $10,878,388 versus $10,140,339.
Gross Margins in Q2 were 38.1% versus 38.6% in the prior year.
Order Backlog increased by 238% in Q2 to $1,389,735 from $583,679 in 2024.
In a prior shareholder update news release dated October 14, 2025, the Company stated the following:
"Progressive Planet will be temporarily shutting down three of its four production lines in intervals to prepare for the November production of the new SKUs. In addition, this shutdown will be used to install the new robotic palletizer which arrived this summer. The new robotic palletizer will concurrently palletize products made from our two largest production lines.
This planned shutdown will result in some production and sales that would otherwise occur in October 2025 to occur in November 2025, the start of our third quarter. Progressive Planet anticipates that its backlog of purchase orders will be larger than normal at the end of Q2 (October 31, 2025)."
Progressive Planet's order backlog is typically converted to sales within six weeks of receipt of the purchase orders which make up the backlog. While revenue for Q2 was lower than the prior Q2, Progressive Planet received the highest monthly purchase orders in October 2025 since the acquisition of Absorbent Products in February 2022. Purchase orders received in October 2025 exceeded $2.7 million.
The record monthly purchase order total in October 2025 was partially related to the introduction of two new SKUs into the US market with the uptake of the new Pure DE Brand by one of our largest US customers with deliveries starting in November 2025.
The Company also experienced a slowdown in agricultural sales in Q2 following record sales in this category in Q1. Agricultural sales have strengthened significantly again in Q3 to date.
"Our second quarter was a time of transition as we went through a planned shutdown to install a new robotic palletizer," stated Steve Harpur, CEO.
"The shutdown was seamless, and all lines are in production again, thanks to our dedicated team of millwrights who are due the credit for completing the robot switch out, on time and on budget. We have reduced our backlog to more normal levels in Q3 including getting the new Pure DE products out for shelf placement in over 2,400 US retail locations since the end of Q2," stated Harpur.
There are no anticipated shutdowns for the remainder of Q3, which ends on January 31, 2026.
Subsequent Events
Subsequent to the end of the quarter, the mine lease on the Z1 Zeolite Quarry expired. Management made the decision to not renew the lease for the following reasons:
Lease renewal costs were expected to exceed $100,000, and,
With the acquisition of Absorbent Products in 2022 and the Ferguson Creek Pozzolan Property in 2025, Progressive Planet obtained superior assets for the production of Supplementary Cementing Materials (SCMs), and agricultural soil amendment products.
As a result, the Company will write down the entire carrying value of $1,209,200 of this asset in Q3. The Company notes that less than $8,000 was spent on the Z1 Zeolite Quarry since the date of acquisition of Absorbent Products Ltd. in February 2022.
Certain information provided in this news release is extracted from the consolidated financial statements (the "Financial Statements") and Management's Discussion & Analysis ("MD&A") of the Company for the three-month period ended July 31, 2025, and should be read in conjunction with them. It is only in the context of the fulsome information and disclosures contained in the Financial Statements and MD&A that an investor can properly analyze this information. The Financial Statements and MD&A can be found under the Company's profile on SEDAR+.
This news release contains a financial measure not prepared in accordance with IFRS® Accounting Standards. This measure, Gross Margin, is referred to as "non-IFRS" measures and is defined below. The Company's management believes this non-IFRS measure provides investors with additional information for the analysis of the Company's results of operations, particularly in evaluating performance from one period to another. The Company's management uses non-IFRS financial measures to make operating decisions, as they facilitate additional internal comparisons of the Company's performance to historical results and to competitors' results.
Gross margin: This ratio expresses gross profit as a percentage of revenue for a given period. It assists in explaining the Company's results from period to period and measuring profitability. This ratio is calculated by dividing gross profit for a period by the corresponding revenue for the period. There is no directly comparable IFRS measure.
EBITDA: EBITDA, or Earnings Before Interest, Taxes, Depreciation and Amortization, is an alternative measure of performance utilized by management to evaluate and analyze the Company's results. EBITDA is net income (or loss) excluding interest (finance costs), current and future income tax expense, amortization and depreciation expense, and depletion expense.
Order Backlog: This figure represents the accumulation of purchase orders a company has received but has not yet fulfilled. This figure grows when demand outpaces production and shipping and shrinks as orders are shipped.
About Progressive Planet:
Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.
Our C-Quester™ Centre of Sustainable Solutions leads advancements in low-carbon cement technologies. Progressive Planet's products are proudly available in over 10,000 retail locations across North America. For more information, visit progressiveplanet.com.
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.
Forward-Looking Statements:
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the matters described herein including statements regarding the development of future products. 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 Inc.
Copyright 2025 Canada NewsWire
delerious1
7月前
Progressive Planet Pours First PozGlass(TM) SCM
V.PLAN | 3 hours ago
KAMLOOPS, BC, Nov. 19, 2025 /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") is proud to provide a detailed shareholder update.
Progressive Planet provides details of first concrete pour of PozGlass SCM
While pursuing the defined Milestones for the PozGlass Pilot Plant, Progressive Planet concurrently procured used equipment which it used to produce approximately one metric tonne of finished PozGlass SCM powder.
Progressive Planet supplied a sufficient amount of PozGlass SCM powder to substitute 20% of the Portland cement in six cubic meters of ready-mix concrete blended to pour a series of structural pads inside the PozGlass Pilot Plant Building at 734 Sarcee Street East. The pour was successfully completed today.
"Today is a historic day for Progressive Planet. I want to thank my co-founder, Dave Richardson, and the entire team at Progressive Planet. I also want to thank the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) and the BC Innovative Clean Energy Fund for their support of this project," stated Steve Harpur, CEO.
Progressive Planet is receiving advisory services and funding from the National Research Council of Canada Industrial Research Assistance Program (NRC IRAP) and from the BC Innovative Clean Energy Fund in support of this project which is broken down into four annual milestones.
"This marks an exciting step forward in British Columbia's clean technology and low-carbon innovation journey. Through support from the BC Innovative Clean Energy Fund, we're proud to help advance made-in-B.C. solutions that reduce emissions, strengthen local economies, and create good jobs. Progressive Planet's success demonstrates how collaboration between government, industry, and research can drive real progress toward a cleaner, more sustainable future," said Adrian Dix, B.C. Minister of Energy and Climate Solutions.
The small-scale batch plant has been disassembled to make room for the installation of all the new equipment which has arrived for the PozGlass Pilot Plant Phase 1 buildout. Progressive Planet will continue to post regular construction updates on our company LinkedIn page.
About Progressive Planet:
Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.
Our C-Quester™ Centre of Sustainable Solutions leads advancements in low-carbon cement technologies. Progressive Planet's products are proudly available in over 10,000 retail locations across North America. For more information, visitprogressiveplanet.com.
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.
delerious1
8月前
Progressive Planet creates new cement, Gladiator SCM, and hires cement materials expert
October 21 2025 - 8:30AM
PR Newswire (Canada)
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KAMLOOPS, BC, Oct. 21, 2025 /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") is proud to provide a detailed shareholder update.
Progressive Planet Solutions Logo (CNW Group/Progressive Planet Solutions Inc.)
PLAN Creates Gladiator SCM and files US Provisional Patent Application
Progressive Planet has developed a second supplementary cementing material which it has named Gladiator SCM.
The Company has filed a provisional patent in the USA, for the composition of Gladiator SCM and has also begun the process to trademark the name in both Canada and the USA.
The name Gladiator SCM pays tribute to Roman Concrete, celebrated for its strength and longevity. A famous example is the Pantheon in Rome, whose nearly 2,000-year-old unreinforced concrete dome remains the largest of its kind and is still in remarkable condition.
Gladiator SCM contains multiple materials including PozGlass. It was developed to take advantage of the positive attributes of PozGlass, while also incorporating other materials that are even more abundant than post-consumer glass.
A sample of Gladiator SCM was supplied to a global cement company for evaluation shortly after the provisional patent application was filed.
Gladiator SCM was invented by Steve Harpur, Dr. Doug Brown, and Michael Carrell, all full-time team members of Progressive Planet.
PLAN hires Dr. Gerhard Albrecht, world renowned polymer scientist.
Progressive Planet is pleased to announce that Dr. Gerhard Albrecht, a world-renowned and highly experienced professional who holds a Ph.D. in polymer science from Friedrich-Schiller University Jena, will be joining the team as a scientific consultant.
In his more than three decades of experience in cement chemistry and admixture technology, Dr. Albrecht created over one hundred patents and appears in more than thirty papers - a result of a decorated career as a Vice President at BASF.
Based on his deep knowledge in designing small molecules and polymers for the construction industry, Dr. Albrecht will contribute to solve "hard-to-answer" questions around the increased water demand of cement replacement by pozzolanic materials.
With Dr. Albrecht's agreement to join the team, PLAN reaffirms its leadership in the development of this new class of formulations tailored for a greener cement future.
"I'm thrilled to be joining a world class team at Progressive Planet and to see the next generation of cement products hit the market." stated Dr. Albrecht.
"With the imminent opening of our Calgary-based C-Quester™ Centre of Sustainable Solutions, I am delighted to focus on commercializing Gladiator SCM while collaborating with Dr. Albrecht as we continue to create novel cementing materials designed for strength, longevity, and sustainability," stated Dr. Doug Brown.
Progressive Planet issues stock options.
Progressive Planet announces that it has granted a total of up to 100,000 stock options to a consultant of the company, exercisable at a price of $0.29 per share for a period of three years from the date of grant. Of this amount, none of the options were issued to directors, officers, or insiders of the Company.
The options have been granted in accordance with the Company's stock option plan and are subject to the applicable policies of the TSX Venture Exchange.
About Progressive Planet:
Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.
Our C-Quester™ Centre of Sustainable Solutions leads advancements in low-carbon cement technologies. Progressive Planet's products are proudly available in over 10,000 retail locations across North America. For more information, visit progressiveplanet.com.
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.
delerious1
9月前
Progressive Planet Products receives commitment for up to $1.9 million in Energy Efficiency Incentives from FortisBC
V.PLAN | 46 minutes ago
KAMLOOPS, BC, Sept. 18, 2025 /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") is proud to announce that it has received a commitment from FortisBC Energy Inc ("FortisBC) for up to $1.9 million in energy efficiency rebates upon completion of several upgrade projects at its Kamloops facility.
Progressive Planet Solutions Logo (CNW Group/Progressive Planet Solutions Inc.)
The projects include:
Installing a new mineral powder grinding mill with a dynamic classifier,
Installing a new roller compactor to reduce the amount of moisture entering the legacy natural gas dryer, and,
Installing a heat recovery loop to recycle heat from our legacy natural gas dryer exhaust and return this heat to the dryer.
Progressive Planet is eligible to receive the rebates for implementing the above three projects under FortisBC's Custom Efficiency Program.
The Custom Efficiency Program is designed to help FortisBC customers identify and implement cost-effective energy conservation measures that are tailored to their specific building or facility. Eligible natural gas and electricity customers can apply to receive incentive funding for projects that help lower energy use.
Prior to receiving the incentive commitment, Progressive Planet undertook an energy study with the assistance of a FortisBC program-approved third-party engineering firm. The firm conducted a detailed engineering analysis which identified the three opportunities listed above to lower Progressive Planet's consumption of natural gas.
Payment of the rebates will be made upon completion of the projects and Progressive Planet anticipates investing nearly $2.6 million in the upgrades.
"We are grateful to be eligible for rebates for these three capital projects which all will help lower our gas use. The entire process of completing the engineering study and working with our FortisBC key account manager was seamless and we are excited to take steps to help lower our carbon footprint by implementing these three projects. Work will commence immediately, and we expect to have all three projects completed within 18 months," stated Steve Harpur, CEO.
About Progressive Planet:
Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.
Our C-Quester™ Centre of Sustainable Solutions leads advancements in low-carbon cement technologies. Progressive Planet's products are proudly available in over 10,000 retail locations across North America. For more information, visit progressiveplanet.com.
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.
delerious1
9月前
Progressive Planet earns record Q1 profit
Trevor Abes Trevor Abes , The Market Online
0 Comments| 56 minutes ago
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Environmental manufacturing plant. (Source: Adobe Stock. Generated by AI)
Progressive Planet (TSXV:PLAN) reported a record fiscal Q1 2026, ending July 31, 2025, driven by increasing demand across all major categories
Results are highlighted by record net income of C$1,597,712, up by 328 per cent year-over-year
Progressive Planet combines clean technology and manufacturing into innovative agricultural, animal-care and low-carbon cement products available in more than 10,000 retail locations across North America
The environmental and industrial stock has added 166.67 per cent year-over-year
Progressive Planet (TSXV:PLAN) reported a record fiscal Q1 2026, ending July 31, 2025, driven by increasing demand across all major categories.
This content has been prepared as part of a partnership with Progressive Planet Solutions Inc., and is intended for informational purposes only.
Here are the highlights:
Record net income of C$1,597,712, up by 328 per cent year-over-year (YoY).
Record revenue of C$5,914,187, up by 27 per cent YoY.
Record gross profit of C$2,276,982, up by 46 per cent YoY.
Gross margin of 38.5 per cent, up from 33.5 per cent YoY, thanks to controlling fixed costs while increasing revenue.
Long-term debt repayment of C$412,839, continuing a consistent downtrend.
The standout quarter follows a turn into profitability in fiscal 2025 with record cash flow and net income, following four straight years of losses.
Steve Harpur, Progressive Planet’s chief executive officer, attributes the turnaround to a collective effort, stating that “all the credit is due to our team of 60 people working in unison to grow shareholder value while making products that we are all proud of.”
As per Friday’s news release, investors can sign up for a webinar with Harpur on September 17 to learn more about the company’s fiscal 2025 and fiscal Q1 2026 results.
About Progressive Planet
Progressive Planet, based in Kamloops, British Columbia, leverages owned mineral assets and recycled materials to develop innovations that promote a healthier planet. These include agricultural, animal-care and low-carbon cement products available in more than 10,000 retail locations across North America.
Progressive Planet stock (TSXV:PLAN) last traded at C$0.24. The stock has added 166.67 per cent year-over-year.
delerious1
11月前
Progressive Planet provides shareholder update and announces entry into lightweight litter market
V.PLAN | 2 hours ago
KAMLOOPS, BC, July 10, 2025 /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") is proud to provide a shareholder update.
Progressive Planet Solutions (CNW Group/Progressive Planet Solutions Inc.)
Deal signed with international sorbent company to license lightweight litter recipe
Progressive Planet has signed a deal with a publicly traded international sorbent company to license its recipe to produce a lightweight cat litter. The recipe enables our Red Lake Earth diatomaceous earth to clump.
Progressive Planet will pay a 3% royalty on net sales of lightweight cat litter which it produces using this recipe.
"Progressive Planet has produced clumping cat litter for decades using our own source of bentonite clay. Due to a shift in consumer demand, we are delighted to now use this patented recipe to also make lightweight clumping cat litter using our own diatomaceous earth which is half the weight of our bentonite clay. This allows for more product per truckload and reduces the fuel used per unit delivered which is consistent with our company values," stated Steve Harpur, CEO.
Paid down long-term debt and locked in lower rate with new bank
Progressive Planet recently paid down over $400,000 of its long-term debt just prior to switching to another Canadian bank. Progressive Planet reduced its long-term debt from approximately $6.1 million to less than $5.7 million. With the switch, Progressive Planet locked in a five-year rate of 5.05% amortized over 22 years. It did not pay any pre-payment penalties for the paydown or for the switch. Before the switch, Progressive Planet was paying 5.75% on a floating rate basis.
"The reduction in our long-term debt in less than 3.5 years to its current level is a testimony to the team effort to reduce costs and improve gross margins. When Progressive Planet acquired Absorbent Products Ltd. on Feb 18, 2022, it borrowed a total of $10.9 million from a Canadian bank with the bulk of this debt borrowed in three tranches with terms of 5 years, 6 years, and 25 years. To owe less than $6 million in long term debt just 3.5 years later is an achievement that we celebrate," stated Steve Gurney, President.
Signed 5-year supply agreement for geothermal grout from waste fines
Progressive Planet recently signed a contract to supply geothermal grout to a user of this product under an exclusive arrangement. Geothermal grout is used in the installation of ground source heat pump systems. It provides thermal enhancement to boreholes, which means that it better enables the transfer of heat to and from the ground.
The terms of the supply agreement include the following:
Exclusive supply arrangement,
Five-year term where the customer may terminate early (90 days notice), but must pay for all private label packaging held in inventory by Progressive Planet Products at the time of early termination,
Automatic one-year renewals,
Customer can only use Progressive Planet geothermal grout in all of its formulations registered under registration NSF-60.
Progressive Planet spent over a year working to obtain the industry classification of NSF-60. NSF/ANSI Standard 60 is a certification standard developed by NSF International that regulates chemicals and materials used in drinking water treatment.
Any product certified to NSF-60 has been tested to confirm that id does not contribute contaminants to drinking water at levels that exceed US EPA or Health Canada guidelines.
"We are proud to have put in the legwork to get our geothermal grout certified under NSF-60," stated Andrew Towsley, VP Operations at Progressive Planet Products.
The development of a market for the bentonite fines created as a waste stream from the production of clumping cat litter is another example of how Progressive Planet has developed a revenue stream from a material that was formerly considered waste. In addition, the fact that it is used as a component of ground source heat pump systems is synergistic to our company goal of producing "Products for a Healthy Planet."
Commencement of sales of White Lake Earth
In the Fall of 2023, Progressive Planet lost access to sales of White Lake Earth when ownership of the White Lake Earth Quarry changed hands in eastern Oregon. Sales of White Lake Earth were a significant source of revenue that was replaced with other sources of revenue.
Progressive Planet recently received access to this material again and is working with a third-party company to package our trademarked, branded product, White Lake Earth", and then ship full truck loads to our Kamloops warehouse. When our customers order full truck loads, these trucks are shipped directly from eastern Oregon to our customers. Progressive Planet has recorded sales of multiple truckloads of White Lake Earth in the current fiscal quarter.
Under the current arrangement, Progressive Planet has not secured long-term access to this material. Efforts are being made to procure long-term access and if and when such access is procured, Progressive Planet will issue further details.
About Progressive Planet:
Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.
Our C-Quester™ Centre of Sustainable Solutions leads advancements in low-carbon cement technologies. Progressive Planet's products are proudly available in over 10,000 retail locations across North America. For more information, visitprogressiveplanet.com.
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.
delerious1
1年前
News:....TSXV: PLAN....OTCQB: ASHXF.Progressive Planet Secures $1.14 Million from BC's Innovative Clean Energy Fund to Advance PozGlass Pilot Plant
V.PLAN
KAMLOOPS, BC, March 25, 2025 /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") is pleased to announce it has been awarded a $1,140,000 grant from the British Columbia Innovative Clean Energy (ICE) Fund, supporting the continued development of its revolutionary PozGlass™ pilot plant.
Progressive Planet Solutions (CNW Group/Progressive Planet Solutions Inc.)
PozGlass™ represents a breakthrough in low-carbon cement technology, transforming post-consumer glass into a high-performance supplementary cementitious material (SCM). This funding represents another significant milestone as the company scales its solution to address cement's substantial carbon footprint.
"Cement production accounts for over 7% of global CO2 emissions and creative solutions like Progressive Planet's pilot plant in Kamloops is exactly what we need to reduce emissions here in B.C. while boosting economic development," said Adrian Dix, Minister of Energy and Climate Solutions. "With support from the British Columbia Innovative Clean Energy Fund, Progressive Plant is scaling up their pilot project, which is focused on reducing the cement industry's carbon footprint by transforming waste materials into valuable resources."
"PozGlass™ is the right solution at the right time," said Steve Harpur, CEO of Progressive Planet. "We're tackling two major environmental challenges at once: reducing cement's carbon footprint and creating a high value use for post-consumer glass that would otherwise end up in landfills. We gratefully acknowledge the financial support of the Province of British Columbia through the Ministry of Energy and Climate. The financial assistance of the BC Ministry of Energy allows us to scale up BC-based technology in BC."
"This grant, alongside funding announced earlier this month and our strategic partnership with Lafarge Canada, is helping accelerate the transition to a lower-carbon cement industry," said Randy Gue, Director, at Progressive Planet. "These investments are not just financial – they are a signal that industry leaders and government agencies recognize the potential of PozGlass™ to scale and make a meaningful impact."
"This funding accelerates our mission to scale PozGlass™, demonstrating its readiness for commercial adoption while enabling the cement industry to achieve significant emissions reductions," added Harpur.
PozGlass™ offers a triple-bottom-line solution:
Reducing emissions by replacing up to 50% of Portland cement, a major contributor to CO2 emissions.
Sequestering carbon by permanently converting captured CO2 into limestone.
Diverting waste by repurposing post-consumer glass into a valuable industrial material.
Cement production accounts for over 7% of global CO2 emissions, and sources for traditional SCMs like fly ash and slag are transitioning out. With Lafarge Canada already committed to purchasing all PozGlass™ produced at the pilot plant, Progressive Planet is well-positioned to scale a viable, made-in-Canada solution that supports both industry and the environment.
Driving the Future of Low-Carbon Cement
The global low-carbon cement market, valued at US$2 billion in 2023, is projected to triple by 2034. With partnerships spanning investors, engineers, and construction stakeholders, Progressive Planet is poised to capitalize on this growth while reducing the carbon footprint of one of the world's most essential industries.
Progressive Planet's Kamloops, British Columbia-based pilot plant is set to begin operations in October 2025, marking a key step toward scaling PozGlass™ production and accelerating its adoption across North America and beyond. The first phase of operations includes dry processing of post-consumer glass to remove contaminants and create coarse glass powder – the key ingredient in PozGlass™.
In Phase 1, Progressive Planet will also manufacture additional coarse glass products such as CanBlast™, a crystalline silica-free sandblasting media, which the company has sold for over a decade through a third-party manufacturer.
Phase 2 will introduce wet grinding of the coarse glass powder to produce PozGlass™. Construction of the wet grinding facility is expected to be completed in late 2026, further enhancing Progressive Planet's capacity to meet industry demand for sustainable building materials.
For more information about Progressive Planet and PozGlass™, visit progressiveplanet.com.
About the Government of B.C. Innovative Clean Energy Fund:
The Innovative Clean Energy (ICE) Fund was established in 2007 and was designed to support government's energy and environmental priorities and advance British Columbia's clean energy sector.
delerious1
1年前
Progressive Planet Reports Q3 Results: $422K EBITDA vs. $732K Last Year and $4.8M Cash on Hand as of January 31, 2025
V.PLAN | 1 hour ago
/NOT FOR DISTRIBUTION IN THE USA/
- Progressive Planet reports highest cash on hand ever
- Receives $1.56 million of grant funding for pilot plant
- Gross margin impacted by several one-time expenses and events
KAMLOOPS, BC, March 13, 2025 /CNW/ - Progressive Planet Solutions Inc. (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") is pleased to announce its financial results for its third quarter ending on January 31, 2025.
Progressive Planet Solutions (CNW Group/Progressive Planet Solutions Inc.)
The Company was profitable in the current quarter and continued to grow to its cash position from operational cash flow as well as from the receipt of grant funding. Gross margin was lower due to some higher costs along with taking a write down on a receivable from the bankruptcy of a Canadian chain of stores.
Key Financial Results - Q3 Fiscal 2024 vs. Q3 Fiscal 2025:
The Company's cash balance increased by $1,867,662 during the current quarter, ending at $4,819,839 on January 31, 2025. This included $1,555,682 in grant funding received.
Revenue decreased by 1% to $4,779,099 compared to $4,812,604 in Q3 F2024 (the comparable period in the prior fiscal year).
Planned plant shutdown in quarter impacted production and revenues.
Gross profit decreased 13% to $1,359,051 compared to $1,566,847 in Q3 F2024.
Income from operations was $231,455 compared to $549,255 in Q3 F2024.
Net income was $114,838 compared to $348,689 in Q3 F2024.
Existing credit facilities remain unused with greater than $3,000,000 in credit available at January 31, 2025.
"While we remain profitable and continue to grow our cash on hand, Q3 had its challenges including the write down of a receivable associated with a rural chain of farm supply stores which went bankrupt. We also went though a scheduled shutdown in the quarter where we lost one week of production. We saw increases in operating costs in several areas including freight," said Harpur. "While we commenced investment in robotics in the quarter, we will not see savings on variable production costs until Q3 of next year, when our new robotic investments will be installed and operational," continued Harpur.
EBITDA is a non-IFRS financial measure. This ratio expresses earnings before interest, income taxes, depreciation, and amortization. It assists in explaining the Company's results from period to period. There is not directly comparable IFRS measure.
Gross margin is a non-IFRS financial measure. This ratio expresses gross profit as a percentage of revenue for a given period. It assists in explaining the Company's results from period to period and measuring profitability. This ratio is calculated by dividing gross profit for a period by the corresponding revenue for the period. There is no directly comparable IFRS measure.
_________________________
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. For further information or investor relations inquiries, please contact:
Steve Harpur, CEO
1 (800) 910-3072
investors@progressiveplanet.com
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:
Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.
Our C-Quester™ Centre of Sustainable Solutions leads advancements in low-carbon cement technologies, while our second on-site lab focuses on sustainable solutions for agriculture and animal care. Progressive Planet's products are proudly available in over 10,000 retail locations across North America. For more information, visit progressiveplanet.com.
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.
delerious1
1年前
TSXV: PLAN OTCQB: ASHXF Progressive Planet continues share buyback program
September 25 2024 - 8:00AM
PR Newswire (Canada)
531,000 shares purchased at below book value in August 2024
2,039,000 shares repurchased from June to August 2024
All purchased shares have been cancelled
KAMLOOPS, BC, Sept. 25, 2024 /CNW/ - Progressive Planet Solutions Inc. (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") reports on its third month of the normal course issuer bid (the "NCIB") activity.
Progressive Planet Solutions Logo (CNW Group/Progressive Planet Solutions Inc.)
On June 3, 2024, Progressive Planet announced that the TSX Venture Exchange had accepted its notice to proceed with a normal course issuer bid.
During the month of August, the Company purchased 531,000 shares for cancellation, at an average purchase price of $ 0.0904 per share.
"In August, we continued buying back shares using the approved normal course issuer bid program. Since the NCIB commenced in June 2024, we have bought back over two million shares. The ability to buy back shares from voluntary sellers at below book value per share continues to add value to the remaining shareholders," stated Steve Harpur, CEO. "August's continued buyback activities reflect leadership's confidence in Progressive Planet's present and future."
With the cancellation of the 2,039,000 shares, the total shares outstanding now stands at 110,457,943.
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:
Progressive Planet, a manufacturing company operating out of Kamloops, British Columbia, is reimagining what is possible when we prioritize our planet's health. Our expertise lies in developing products using our owned mineral assets and recycled materials to create Products for a Healthy Planet™.
Our C-Quester™ Centre of Sustainable Solutions is proudly disrupting the cement industry and is home to our cement lab. Our second lab on site is geared towards developing products for the agricultural and animal care industries. Our product lines include patented and patent pending products which are developed with the express intent of promoting a healthy planet using naturally occurring minerals and the urban mining of recycled materials. Our products are found in over 10,000 retail stores across North America.
delerious1
1年前
TSXV: PLAN OTCQB: ASHXFProgressive Planet improves cash position to over $2.5 million, buys back an additional 696,000 shares
November 06 2024 - 7:30AM
PR Newswire (Canada)
Over $2.5 million cash in bank on October 31, 2024, the end of Fiscal Q2
Underutilized long term industrial lease sold for $1.23 million in October
2,735,000 shares repurchased and cancelled from June to October 2024
696,000 shares purchased in October 2024
KAMLOOPS, BC, Nov. 6, 2024 /CNW/ - Progressive Planet Solutions Inc. (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") reports on its third month of the normal course issuer bid (the "NCIB") activity.
Progressive Planet Solutions (CNW Group/Progressive Planet Solutions Inc.)
On June 3, 2024, Progressive Planet announced that the TSX Venture Exchange had accepted its notice to proceed with a normal course issuer bid.
In the month of October, the Company purchased 696,000 shares for cancellation, at an average purchase price of $ 0.12875 per share, inclusive of commission costs.
"In September, we took a break from buying back shares. In October, we took advantage of the dip in share price to continue buying back shares. Since the NCIB commenced in June 2024, we have bought back over 2.7 million shares," stated Steve Harpur, CEO.
With the cancellation of all repurchased shares, the total shares outstanding now stands at 109,761,943.
In October 2024, Progressive Planet also closed the sale of a long-term lease of an industrial property, which was previously used for storage. The gross proceeds of sale were $1.23 million, and following the payment of commissions, the Company received a net amount of $1.195 million.
"We are delighted that our bank balance now exceeds $2.5 million, while we continue to buy back shares. In addition, our interest expense has declined with the 50-basis point decline in prime this quarter as our long-term debt is priced at prime + 75 basis points," stated Harpur.
With the close of the second fiscal quarter on October 31st, Progressive Planet intends to release the second quarter financial results early, on or before December 4, 2024.
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:
Progressive Planet, a manufacturing company operating out of Kamloops, British Columbia, is reimagining what is possible when we prioritize our planet's health. Our expertise lies in developing products using our owned mineral assets and recycled materials to create Products for a Healthy Planet™.
Our C-Quester™ Centre of Sustainable Solutions is proudly disrupting the cement industry and is home to our cement lab. Our second lab on site is geared towards developing products for the agricultural and animal care industries. Our product lines include patented and patent pending products which are developed with the express intent of promoting a healthy planet using naturally occurring minerals and the urban mining of recycled materials. Our products are found in over 10,000 retail stores across North America.
delerious1
1年前
TSXV: PLAN OTCQB: ASHXF Progressive Planet announces record Q2 Net Income
December 04 2024 - 11:00AM
TSXV: PLAN OTCQB: ASHXF Progressive Planet reports gross margin of 38.6%, its highest ever
Operational income surged to $1.05 million in Q2, up from $257K in the same period last year
Rising profitability allows recognition of deferred income tax assets on the balance sheet
KAMLOOPS, BC, Dec. 4, 2024 /CNW/ - Progressive Planet Solutions Inc. (TSXV: PLAN) (OTCQB: ASHXF) ("Progressive Planet", "PLAN", or the "Company") is pleased to announce its financial results for its second quarter ending on October 31, 2024.
Progressive Planet Solutions (CNW Group/Progressive Planet Solutions Inc.)
The Company's implementation of its cost cutting plan beginning in late fiscal 2023, and its parallel focus on transitioning to higher-margin products, have contributed to a significant improvement in profitability during the second quarter, as compared to the prior year's second quarter.
"In fiscal 2024, we focused on cost controls and positioning for long-term growth. This strategy paid off with a standout second quarter, driven by higher-margin products and disciplined execution. These record profits reflect our team's dedication to delivering sustainable shareholder value. I couldn't be prouder of what our team has achieved—and this is just the beginning.," stated Steve Harpur, CEO.
Q2 Fiscal 2024 vs. Q2 Fiscal 2025:
Increased EBITDA1 by $697K, from $205K to $902K
Revenue increased from $5.438 million to $5.468 million
Gross profit increased by 32%, from $1.593 million to $2.110 million
Gross margin2 increased from 29.3% to 38.6%
Income from operations improved by $795K, from $257K in to $1.052 million
Net income improved from net loss of $(182K) to $623K net income
"Our record net income and the sale of under-utilized assets boosted our cash balance to over $2.9 million in Q2," said Harpur. "As noted in September, our engineering team has been focused on enhancing productivity in our valve pack powder bagging and palletizing line. With engineering work nearly complete, we plan to begin equipment procurement in the first quarter of 2025 (January to March 2025). While our financial results were strong, they were impacted by a write-down on a private company investment."
When Progressive Planet acquired Absorbent Products Ltd. in 2022, The Company inherited over $12 million in historical tax losses. At the time, these losses were not recorded as a future tax benefit on PLAN's balance sheet due to a lack of profitability. However, with significant improvements in profitability over the past 18 months, Progressive Planet now expects to generate taxable income moving forward, unlocking the value of these historical tax assets. After consulting with its auditors, Progressive Planet has added $486,000 as a deferred income tax asset3 to its balance sheet. This amount which represents the estimated income tax liability for the next 12 months, which can be offset using the historical tax losses.
"We have taken a measured approach to recognizing the value of deferred income assets. We will review, and adjust as necessary, the deferred income tax asset value on our balance sheet every quarter going forward," stated Chris Halsey-Brandt, CFO.
EBITDA is a non-IFRS financial measure. This ratio expresses earnings before interest, income taxes, depreciation, and amortization. It assists in explaining the Company's results from period to period. There is not directly comparable IFRS measure.
Gross margin is a non-IFRS financial measure. This ratio expresses gross profit as a percentage of revenue for a given period. It assists in explaining the Company's results from period to period and measuring profitability. This ratio is calculated by dividing gross profit for a period by the corresponding revenue for the period. There is no directly comparable IFRS measure.
Deferred income tax asset is a IFRS measure which reflects the amount of income taxes recoverable in future periods in respect of deductible temporary differences; the carryforward of unused tax losses; and the carryforward of unused tax credits.
_________________________
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:
Progressive Planet, based in Kamloops, British Columbia, is redefining sustainability with our Products for a Healthy Planet™. By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.
Our C-Quester™ Centre of Sustainable Solutions leads advancements in low-carbon cement technologies, while our second on-site lab focuses on sustainable solutions for agriculture and animal care. Progressive Planet's products are proudly available in over 10,000 retail locations across North America. For more information, visit progressiveplanet.com.
delerious1
1年前
NEWS: TSXV: PLAN....OTC: ASHXF PROGRESSIVE PLANET SOLUTIONS INC. PROVIDES UPDATE ON ANNUAL GENERAL MEETING
Canada NewsWire
VANCOUVER, BC , Dec. 13, 2024 /CNW/ - Progressive Planet Solutions Inc. (TSXV: PLAN) (OTC: ASHXF) (" PLAN " or the " Company ") reports that, further to its news release dated November 20, 2024 , due to the ongoing Canada Post strike, the mailing of the Management Information Circular, Notice of Meeting, proxy form or voting instruction form (collectively, the " Materials ") for the upcoming Annual General Meeting, to be held on January 9, 2025 at 1:30 p.m.at Suite 700, 401 West Georgia , Vancouver, BC ,(the " Meeting ") may be delayed.
Progressive Planet Solutions (CNW Group/Progressive Planet Solutions Inc.)
The Company has satisfied all the conditions to rely, and is relying, on the exemption from the requirement under CSA Coordinated Blanket Order 51-931 (the " Blanket Order ") issued by the British Columbia Securities Commission re Temporary Exemption from requirements in National Instrument 51-102 Continuous Disclosure Requirements and National Instrument 54-101 Communication with Beneficial Owners of Securities of a Reporting Issuer to send certain proxy-related materials during a postal strike.
At the Meeting, shareholders will be asked to vote on the following matters, all as more particularly described in the Materials:
a) To fix the number of directors of the Company for the ensuing year at four;
b) To elect the four directors of the Company for the ensuing year;
c) To appoint the Company's auditor for the ensuing year and to authorize the directors of the Company to fix the remuneration of to be paid to the auditors;
d) To consider and, if thought fit, to pass an ordinary resolution ratifying and approving the Company's amended and restated stock option plan; and
e) To transact other such business as may properly come before the Meeting.
Shareholders can retrieve electronic versions of the Materials from www.progressiveplanet.com/investors/ or www.sedarplus.ca under the profile for Progressive Planet Solutions Inc. or may also reach out to the Company at investors@progressiveplanet.com or by phone at 1 (800) 910 3072 to request copies of the Materials be delivered directly to them via email.
The Company has satisfied all the conditions to rely on, and is relying on, the exemption provided by the Blanket Order from the requirement to send proxy-related materials to its shareholders.
Registered shareholders can reach out to Computershare at 1-800-564-6253 to request their individual control numbers required to vote their proxy.
Registered shareholders should vote by telephone or via the Internet as directed on the form of proxy no later than 48 hours (excluding Saturdays, Sundays and holidays) prior to the Meeting. Beneficial owners can obtain a copy of the voting instructions form from their intermediary.
ABOUT PROGRESSIVE PLANET SOLUTIONS INC.
Progressive Planet, a CleanTech company based in Kamloops, British Columbia , is redefining sustainability with our Products for a Healthy Planet ™ . By leveraging owned mineral assets and recycled materials, we develop patented and patent-pending innovations that promote a healthier planet.
Our C-Quester ™ Centre of Sustainable Solutions leads advancements in low-carbon cement technologies, while our second on-site lab focuses on sustainable solutions for agriculture and animal care. Progressive Planet's products are proudly available in over 10,000 retail locations across North America . For more information, visit progressiveplanet.com .
Progressive Planet provides regular information for investors on its website: www.progressiveplanet.com/investors/ . This includes press releases and other information about financial performance, patents filed, and information on corporate governance. For further information or investor relations inquiries, please contact:
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.
Sam Dan
5年前
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."
Sam Dan
5年前
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."
Sam Dan
5年前
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.
Sam Dan
5年前
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."
Sam Dan
5年前
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.
Sam Dan
5年前
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."
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