KAMLOOPS, BC, June 7, 2022
/CNW/ - Progressive Planet Solutions Inc. (TSXV: PLAN)
("PLAN", "Progressive Planet" or the
"Company"), a disruptive innovator for cement and
agricultural tech, is pleased to announce PozDE™ SCM, PLAN's
new supplementary cementitious material (SCM) made from
diatomaceous earth (DE) that has received exceptional initial test
results.
PozDE is produced solely from material sourced from
PLAN's flagship Red Lake Mine, just 56 km from its head office in
Kamloops, BC. The DE is a unique
blend that includes calcium bentonite and is one of two mines in
the world which contain diatomaceous earth with calcium bentonite,
and the only one in North
America.
In initial ASTM C311 tests under the direction of Dr.
Michael Thomas, PozDE registered a
7-day Strength Activity Index (SAI) value of 101% and a 28-day SAI
value of 120% compared to the Portland cement control. Additionally,
PozDE registered at 98% water-demand indicating less water
to achieve an equivalent flow to the Portland cement control.
"Concrete producers want SCMs that increase performance of their
mix while lowering their carbon footprint, without sacrificing
workability. It is uncommon to see SCMs exceed the 7-day strength
of the control Portland, so we are
excited to see better strength while indicating lower water demand"
said Ian Grant, COO of PLAN.
In 2021, PLAN's subsidiary, Progressive Planet Products Inc.
(formerly Absorbent Products Ltd.), processed 30,000 tonnes of DE
from its Red Lake Mine, creating a large supply of powder as a
byproduct. Historically, much of this powder was extruded to make
more rock, a step requiring high energy to extrude, dry, and
re-crush the rock. Using the powder byproduct as a SCM offers an
excellent growth vertical for PLAN.
Based on the exceptional ASTM test results, PLAN is now focused
on commercializing two SCMs:
- PozDE™, which is made from 100% diatomaceous earth from
the Red Lake Mine; and,
- PozGlass™ 100G, which is made from 100% post-consumer
glass using a patent pending process which also sequesters CO2
during the production process.
No further work will be conducted on blending glass with natural
pozzolan and no further SCM work will be completed on natural
pozzolan from the Z1 Quarry as the PozDE has superior
attributes and the DE powder is already created as a byproduct of
the legacy business of Progressive Planet Products Inc.
About Progressive Planet
Progressive Planet is a B2B
disruptive tech innovation company providing circular solutions
using micronized minerals for cement and agricultural sectors. PLAN
is developing and producing a portfolio of proprietary solutions
focused on sequestering CO2 and minimizing the carbon footprint of
our customers.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Forward-Looking Statements:
This news release contains
forward-looking information within the meaning of Canadian
securities laws. Although the Company believes that such
information is reasonable, it can give no assurance that such
expectations will prove to be correct.
Forward looking information is typically identified by such
words as "believe," "expect," "anticipate," "intend," and similar
expressions, or are those that, by their nature, refer to future
events. The Company cautions investors that any forward-looking
information provided by the Company are not guarantees of future
results or performance, and that actual results may differ
materially from those in forward looking information as a result of
various factors, including but not limited to: the Company's
ability to complete the acquisition as described; the Company's
ability to complete the proposed private placement; the general
state of the industry in which the Company operates; the state of
financial markets generally; and other risks and factors that the
Company is not aware of at this time.
SOURCE Progressive Planet Solutions