Progressive Planet Solutions

Exploration and Production of Energy Storage Materials

This profile is part of a paid investor education campaign.*

Overview

Progressive Planet Solutions Inc (TSXV:PLAN) is a Canadian company dedicated to the exploration for and development of industrial mineral deposits.  In addition, Progressive Planet is concurrently conducting product development initiatives for materials made using zeolite.  The company holds three Canadian properties:

  • The Z-1 Zeolite Quarry in BC;
  • An option to earn a 20 percent stake in the Thomson Bros. Lithium Project in Manitoba; and,
  • The Buckingham Graphite Project in Quebec.

Zeolite is an adaptable, flexible and environmentally-friendly material with applications in the industrial, consumer and environmental sectors. The zeolite industry has been on the rise since its discovery in the 1950s, and the space has seen continued research and development.

At its Z-1 Zeolite Quarry in BC, Progressive Planet has extracted and crushed a stockpile of thousands of tonnes of zeolite that is ready to be transported to clients in various industries. Progressive Planet is also using material from this stockpile to conduct its own product development initiatives. Having fulfilled the expenditure requirements to acquire 100 percent of the property, the company has commenced purchasing equipment to store the zeolite as well as crush and screen it to the various sizes required in multiple industries.

Progressive Planet is negotiating a lease on a processing and product development facility in Vernon, BC.  The site was the former home of the Motoplex Speedway and provides 3 phase power, and all other utilities required to process zeolite into the various particle sizes needed by various customers and industries.  The facility also contains a research lab where the company is working on products made from zeolite.

Progressive Planet Solutions has partnered with InnoTech Alberta to conduct a comprehensive Zeolite Efficacy Trial using hemp plants, two different grow mediums and four different percentages of zeolite in the grow mediums.  As an additional component to the study, the companies are seeking to determine whether zeolite can conserve water while providing benefits to the plant and soil. The full results from this trial are expected at the end of September 2018.

Progressive Planet Solutions is led by a strong management team that is leading the company’s transition towards developing markets for zeolite and products made from zeolite while seeking to optimize the value of its minority interest in a lithium deposit and its interest in a graphite property. Progressive Planet’s CEO and its advisory board members have over 50 years of combined experience in product and technology development including the procurement of many patents.

The company’s CEO, Steve Harpur, was responsible for designing the first mechanical food depackaging plant in Western Canada. He is supported by a strong Advisory Board whose members include:

  • Dave Richardson, who has procured over 20 patents and developed a global business in Finished Concrete Forms;
  • Earl Jenson, an engineer and senior executive at InnoTech Alberta responsible for developing technology for commercialization; and,
  • Quak Lee, a highly qualified chemical engineer with over 15 years experience in engineering, management, and data science.

Company Highlights

  • Three projects in safe and stable jurisdictions in Canada
  • Zeolite:
    • Completed earn in requirements for Z-1 Zeolite Quarry in Cache Creek, BC.
    • Developing markets for zeolite and value-added products containing zeolite.
    • Focused R&D program on efficacy of zeolite for use in emerging cannabis production.
    • Thousands of stockpiled tonnes of zeolite ready to be trucked to customers.
    • Procured facilities within 3 hour drive of the mine to size reduce, dry, and store zeolite for shipping to customers as well as to work on value-added products containing zeolite.
  • Lithium:
    • New NI 43-101 Technical Report being completed on Thompson Bros. Lithium Project by Nova Minerals. Results of NI 43-101 will dictate next steps for PLAN and its majority partner on this project, Nova Minerals.
  • Graphite:
    • Advanced exploration including drill programs have been completed.
    • Graphitic carbon intersects of 8 meters of 17.70 percent Cg and 16 meters of 11.90 percent Cg reported at Buckingham Project

Z-1 Zeolite Mine

The Z-1 Zeolite Project is located on a 93-hectare property which is three kilometers away from Cache Creek, BC. The company purchased an option for 100 percent interest in the property from ZMM Canada Minerals Corp. in early 2017, at which time all mining and environmental permits were in place.

In June 2018, Progressive Planet, fulfilled its obligation to spend $500,000 on the property and title was transferred in July 2018.

Production

The Z-1 quarry is operated by ZMM Minerals, the previous owners of the property. By September 2017, the company had extracted and crushed 7,100 tonnes of zeolite from a 9,000-ton stockpile, which was screened to various particle sizes and packaged into 658 one-tonne bulk bags ready to be trucked directly to customers, distribution hubs or facilities for further processing. Target customers include the following:

  • Producers of bagged soil and other bagged grow mediums;
  • University research programs;
  • The poultry industry, which sees benefits in animal health (reduced odor and dampness) from using zeolite instead of wood shavings as animal bedding.
  • Municipalities – Uses with municipalities include adding zeolite to biosolids in the composting process. Possible future uses may include odor reduction at waste water treatment plants.
  • Concrete Products – Progressive Planet believes that zeolite can have a role as a Supplementary Cementing Material (SCM).

In the efforts to earn 100% ownership of the property, Progressive Planet Solutions spent over $500,000 in mining and purchasing equipment for secondary processing of the mined zeolite.  Equipment has been acquired to size reduce, screen, dry, and pulverize zeolite into a powder.  Additional resources have been allocated to developing zeolite based products.

Research and development in the zeolite market

The company has contracted InnoTech Alberta to determine zeolite’s efficacy for increasing the performance properties of two commercial growing mediums in the cannabis industry. The trial will evaluate its efficacy on hemp, so as to abide by federal licensing regulations associated with the InnoTech facility.

Progressive Planet has also partnered with InnoTech Alberta to develop technology with respect to sulfur lithium batteries.

Progressive Planet is communicating with industry to develop additional products that are in demand.

Additional Properties

Alongside the Z-1 zeolite mine, Progressive Planet Solutions also holds two other projects in Canada. These properties contain lithium and graphite which are both energy storage / battery metals.

Thompson Bros. lithium project

The Thompson Bros. lithium project sits in Wekusko Lake, Manitoba, just 20 kilometers away from Snow Lake and 40 kilometers north of the main highway and railway lines. Covering 1,829 hectares, the property is made up of 18 claims that host a spodumene-rich pegmatite dike and with a known strike length of 800 meters and still open along strike in both directions. Progressive Planet Solutions holds the rights to earn a 20 percent interest in the property, and the project is financed by Nova Minerals (ASX:NVA), which has an option to acquire up to 80 percent of the project.

This is a historic resource calculation and should not be relied upon as a current resource estimate. Progressive Planet is not treating the historical estimate as current mineral resources or reserves. The company has not undertaken any independent investigation of the resource estimates nor has the company independently analyzed the results of the previous exploration work in order to verify the resources, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.

The Thompson Brothers Lithium deposit was first drilled in 1956 and later in 1997, with the exploration programs totalling 30 holes. A historical resource published in 1998 outlined 3.9 million tonnes with a weighted average grade of 1.29 percent lithium oxide at 130 meters of depth and 10 meters of width. Additional historical work (non NI 43-101-compliant) concluded that the resource calculation could be up to 4.3 million tonnes at 1.3 percent lithium oxide, with the deposit remaining open on strike and at depth.

Over the course of 2017, exploration work was conducted on the property, including a series of six drill holes that confirmed the important spodumene mineralization zones on the property. Results from this drill program included 11.6 meters of 1.37 percent lithium oxide and 5.43 meters of 1.55 percent lithium oxide, supporting the historical data.

The Company’s project partner, Nova Minerals Ltd., on July 25, 2018 announced that approximately 4,800 metres of diamond drilling was completed in 2017/2018 and resulted in a maiden JORC compliant resource.

Progressive Planet is excited about the resource estimate that was announced by the Company’s project partner.

Buckingham graphite property

The Buckingham property is made up of 33 claims covering 1,877 hectares that the company acquired and staked beginning in 2015. It is easily accessible by roads and has easy access to existing resources and infrastructure including the Outaouais Electrical Substation just seven kilometers away.  It is located about 85 km south of the currently operated Lac-des-Îles Graphite Mine of Imerys Graphite & Carbon.  The property also borders both the Saint Jean Carbon Walker Lump Property and the Gratomic Buckingham property.

The property is known to host two linear and parallel conductors that were first roughly outlined in an EM heliborne survey in 1982. A TDEM heliborne survey further defined the orientation of these two conductors and generated additional strong conductives zones in the property by a previous owner in 2013. The two conductors are identified as follows: to the east, the NNE conductor, which is a strong conductive and magnetic zone extending over 1 km and oriented 30-35° and a few hundred meters to the west, the ENE conductor, which is a smaller conductive zone extending over 300 m and oriented 65-70°.

Additional exploration works were performed at southern tip of the NNE conductor and consisted of trenching and channel sampling A mineralized intercepts of 8.2 percent graphitic carbon (Cg) over 4.75 meters and 21.6 percent Cg over 14.5 meters was obtained. In 2015, a 20-kilogram bulk sample was submitted for an initial flotation test, and returned 32 percent of the flakes ranging from large to jumbo size with a purity of 94.8 to 96.1 percent.

Since the acquisition of the property, Progressive Planet Solutions has conducted exploration programs including prospecting, grab sampling, ground geophysical surveys and drilling. The drilling programs took place across three phases and totaled 4,782 meters. While the first phase took place in 2015 and included 5 holes at the SW end of the NNE conductor, the second and third phases were conducted in 2016 and tested an additional 500 meters of the NNE conductors and 300 meters of the ENE conductor. The best intersections from the drill programs included 4.07% Cg over 112 m (BH15-03) and 5.18% Cg over 70 m (BH16-06).

    • Advanced exploration including drill programs have been completed.
    • Graphitic carbon intersects of 8 meters of 17.70 percent Cg and 16 meters of 11.90 percent Cg reported at Buckingham Project

Management

Stephen Harpur, CPA, CGA—CEO & Chairman

Stephen Harpur is a Chartered Professional Accountant. After graduating from business school, Steve joined Richardson Greenshields in 1993 and spent the next six years as an investment advisor. Since 1993, he has raised equity for many small cap companies, both public and private. He has extensive experience in project management working for both himself and in a management position with a corporate restructuring and insolvency firm. Past projects include the following: the build out of a scalable e-commerce platform in the 2000s for a company that was acquired by and is now part of Fortune 100 company ; completion of a 30-unit residential construction project as part of a corporate restructuring; supervision of multiple capital projects at a large composting and anaerobic digestion plant; design and build of the first industrial plant in Western Canada to de-package expired packaged food while recycling the packaging; oversight of two research projects in collaboration with a respected Canadian university to make and then test a potassium phosphate fertilizer through crop trials; and oversight of multiple research projects converting organic wastes into biofuels with co-funding from the National Research Council.

Derek Knight—COO

Derek Knight has over 10 years of investing experience with small and microcap companies and over 14 years experience in construction and maintenance. He has planned and overseen the execution of millions of dollars in projects throughout his career where he has held roles in project management, planning, reporting, and leadership. He holds several trade licenses and has experience working in large industrial environments as well as a background in continuous improvement.

Conrad K. Wagenaar – VP Business Development

Mr. Wagenaar has spent more than seven years growing KMI Zeolite. KMI Zeolite operates a mine in California and a zeolite processing and packaging facility near Pahrump, Nevada.  Prior to this, Mr. Wagenaar completed undergraduate degrees in business and computer science as well as an MBA from Queen’s University in 2010.  The new position is a permanent part-time position as Mr. Wagenaar remains active with KMI Zeolite which primarily sells to US customers while Progressive Planet is focused primarily on Canadian markets.

Dwayne L Melrose – P.GEO. – Director

Dwayne Melrose has joined Progressive Planet Solutions Inc. as a Qualified Person (QP) to our Board of Directors. Mr. Melrose has over 30 years of experience in the mining industry where he has been very successful in advancing three significant exploration projects towards production.

Early in his career, he was responsible for the design, and evaluation of precious metals in deposits in various geological environments within in Canada, United States, China, Kazakhstan and Kyrgyzstan.

Dwayne has served on board’s of multi-jurisdictional publicly traded mining companies with interests in Precious Metals, Base Metals, and Industrial minerals.

Stephen Pearce—Director

Stephen Pearce is an independent corporate and securities lawyer in Vancouver, B.C. He advises and is a director of several private and public companies. He has an honours degree in economics from York University, and a law degree from the University of British Columbia.

Edward Beggs, BEs., MSc.—Director

Edward (Ed) Beggs has a background in agriculture, commercial/industrial/agricultural construction sales and project management, international web-based sales and distribution of specialized building and renewable energy products, and new product development and sales in the cleantech sector. He obtained a Bachelor of Environmental Studies degree from the University of Waterloo and an M.Sc. in Environment and Management from Royal Roads University, where he has also served as Associate Faculty for over a decade.

Dave Cross—CFO

Mr. Cross is a CPA, CGA and is currently a partner at Cross Davis & Company LLP Chartered Professional Accountants (“Cross Davis”) which provides accounting and consulting services to publicly traded companies. Mr. Cross has over 21 years of accounting experience and has been a partner of Cross Davis for 8 years.


The technical content of this news release has been reviewed and approved by Dwayne Melrose, P. Geo., a Director of Progressive Planet and a qualified person as defined in NI 43‐101 and is a member of the Association of Professional Engineers and Geoscientists of British Columbia.

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