23:48:54 EDT Mon 30 Jun 2025
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Progressive Planet Solutions Inc (2)
Symbol PLAN
Shares Issued 109,761,943
Close 2025-06-24 C$ 0.205
Market Cap C$ 22,501,198
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Progressive Planet to acquire Ferguson Creek property

2025-06-25 14:38 ET - News Release

Mr. Steve Harpur reports

PROGRESSIVE PLANET PROCURES FLAGSHIP NATURAL POZZOLAN PROPERTY NEAR KAMLOOPS, BC

Progressive Planet Solutions Inc. has procured 100 per cent of the mineral rights to the Ferguson Creek pozzolan property, located approximately 100 kilometres from Kamloops, B.C.

Terms of the deal

In consideration for the claims, Progressive Planet will pay Tilava Mining Corp., an arm's-length party to the company, a total of $125,000. The first payment of $50,000 was paid on signing of the agreement on June 17, 2025. The following two additional milestone payments are detailed as follows:

  • An additional amount of $25,000 is to be paid within five days following the issuance of a bulk sample permit;
  • The remaining amount of $50,000 is to be paid within five days following the issuance of a mine permit from the province of British Columbia.

Royalty

In addition to the cash payments listed above, Progressive Planet has granted Tilava Mining a royalty of $2 per metric tonne (1,000 kilograms) of commercially sold products produced or extracted by or on behalf of the purchaser from the Ferguson Creek pozzolan property up to a maximum amount of $2.5-million.

Ferguson Creek pozzolan property

The Ferguson Creek pozzolan property was the subject of historical drilling, bulk sampling and commercial testing by an international cement company, which also received government approval to extract a bulk sample from the property. No mine permit has been issued to date on the property.

Progressive Planet conducted a series of cement tests on material procured from the property before signing the agreement. Testing included water demand and compressive strength. Progressive Planet has not completed further testing, exploration or development work on the property but will do so in support of its applications for the bulk sample permit and mine permit. There is no assurance or guarantee that either or both permits will be issued. Progressive Planet will provide further updates as they become available.

"As the 100-per-cent owner of three sources of natural pozzolan in B.C. and partial owner of a fourth source of natural pozzolan, Progressive Planet continues to target new sources of natural pozzolan in B.C. and the continental USA, and so we are excited to announce this acquisition," said Steve Harpur, CPA, chief executive officer of Progressive Planet.

In looking for new sources of natural pozzolan, Progressive Planet favours sources that meet a minimum of three of the following criteria:

  • Potential for use to grow the company's legacy business of industrial mineral processing in Western Canada or expand it into the continental USA;
  • Potential to supply natural pozzolan to the cement industry in the target geographical area (800-kilometre radius) for a minimum of 30 years;
  • Possess compressive strength greater than fly ash;
  • Demonstrate compatibility to combine with PozGlass in a blended supplementary cementing material.

About Progressive Planet Solutions Inc.

Progressive Planet, based in Kamloops, B.C., is redefining sustainability with its products for a healthy planet. By leveraging owned mineral assets and recycled materials, Progressive Planet develops patented and patent-pending innovations that promote a healthier planet.

Progressive Planet's 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.

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