PROGRESSIVE PLANET COMMISSIONS PYROGENESIS CANADA INC. WITH POZGLASS 100G SCM OPTIMIZATION FEASIBILITY STUDIES

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Companies studying the production of glass nanoparticles after use and
Production of amorphous silicon dioxide for environmental applications

VANCOUVER, BC, January 27, 2022 /CNW/ – Progressive Planet Solutions Inc. (TSXV: PLAN) (“TO PLAN“, “progressive planet” or the “accompaniment“), an emerging provider of innovative circular solutions and environmentally friendly micronized minerals for industry and agriculture, is pleased to announce that it has acquired PyroGenesis Canada Inc. (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY) (“PyroGenesis “), a high-tech company that designs, develops, manufactures and markets advanced plasma processes and sustainable solutions to reduce greenhouse gases (GHGs) to develop and conduct feasibility studies for the manufacture of nanoparticles from waste glass and the production of amorphous silica derived from high-grade silica .

Progressive Planet Solutions Inc. (CNW Group/Progressive Planet Solutions) logo

PyroGenesis and Progressive Planet will work together to determine the feasibility of manufacturing post-consumer glass nanoparticles. Having recently announced the successful testing of PozGlass™ 100G SCM made from 100% recycled glass, the company believes that exploring the use of even smaller used glass nanoparticles (with significantly greater particle surface area and therefore increased chemical reactivity) is proving possible could be coveted and highly reactive environmentally conscious cementitious additive to further improve the performance characteristics of concrete.

In addition, the process of converting high-grade silica into amorphous silica is studied. Silicic acid is the second most common element in the earth’s crust. The aim is to determine if silica can be converted for use as a new supplementary cementing material (SCM) with the long-term goal of replacing fly ash in cement mixes. To protect trade secrets, including potentially patentable intellectual property, no further details on the proposed project scope will be disclosed.

“PyroGenesis maintains its competitive advantage by staying at the forefront of technology development and commercialization,” said P. Peter Pascal, CEO of PyroGenesis. “We’re excited to be collaborating on a novel product that addresses such an important need in an industry we’re not currently serving.”

PyroGenesis obtained $352,682 for feasibility studies, with both projects expected to be completed in the course of 2022.

In addition, Progressive Planet receives consulting services and grants of up to $150,000 by the National Research Council of the Canada Industrial Research Assistance Program (NRC IRAP). This funding helps support the Company’s research and development to optimize PozGlass™ SCM and advances the Company’s path to commercialization of economical and environmentally friendly micronized mineral replacements Portland Cement and fly ash in concrete production.

About PyroGenesis Canada Inc.
PyroGenesis Canada Inc., a high technology company, is a leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions that reduce greenhouse gases (GHG) and are economically attractive alternatives to traditional “dirty” processes. PyroGenesis has developed proprietary, patented and advanced plasma technologies that are being reviewed and adopted by several multi-billion dollar industry leaders in four major markets: iron ore pelleting, aluminum, waste management and additive manufacturing. A team of experienced engineers, natural scientists and technicians is working on it Montreal Office and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by staying at the forefront of technology development and commercialization. The operations have been ISO 9001:2015 and AS9100D certified since 1997. For more information, see: www.pyrogenesis.com.

About Progressive Planet
Progressive Planet is an emerging company providing innovative circular solutions and eco-friendly micronized minerals that naturally unlock sustainability benefits in the construction and agriculture industries. Harnessing the inherent bonding powers and properties of the earth, PLAN is developing and scaling a portfolio of proprietary solutions to help our customers build, grow and work more responsibly.

PLAN continues work on the development of Complementary Cementing Materials (SCMs) with a focus on minimizing the carbon footprint of the SCMs we create; Using waste materials wherever possible to create the most sustainable SCMs; and sequestration of CO2 in SCMs to combat climate change. The PLAN research team has begun exploring the possibility of using the legacy CO2 stream produced by APL’s natural gas rotary kiln in operation at Kamloops.

PLAN’s activities currently include:

  • A crushing plant in Spallumcheen, BC currently producing micronized minerals that farmers use in place of chemical fertilizers to promote healthy soils without the addition of chemicals,

  • A research laboratory in Calgary, AB focused on creating SCMs and related technologies to sequester CO2 in concrete; and,

  • Three natural pozzolan properties in BC including our flagship Z1 Natural Pozzolan Quarry in Cache Creek, BC and our two under development pozzolan properties, the natural Z2 pozzolan property nearby Falklands and the Heffley Creek Metals and Natural Pozzolan property.

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 press release contains forward-looking information within the meaning of Canadian securities laws. This information includes, among other things, information regarding the completion of the proposed acquisition of APL, the proposed bank financing related thereto and the private placement financing offered by the Company. While the Company believes such information is reasonable, it cannot guarantee that these expectations will prove to be correct.

Forward-looking information is typically identified by words such as “believe,” “expect,” “anticipate,” “intend” and similar expressions, or, by its very nature, relates to future events. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance and that actual results could differ materially from those in the forward-looking information as a result of various factors including, without limitation: the Company’s ability to complete the Acquisition as described; the Company’s ability to obtain bank financing; the Company’s ability to complete the proposed private placement; the general condition of the industry in which the company operates; the general condition of the financial markets; and other risks and factors not currently known to the Company.

SOURCE Progressive Planet Solutions

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