Progressive Planet Solutions Inc (CVE:PLAN) (OTCMKTS:ASHXF), the natural pozzolan-focused group, is aiming to lay the groundwork to expand operations this year and is finalizing exploration plans for two of its properties in British Columbia.
In a corporate update, the firm also updated on its research partnership with the University of Alberta on work to improve the natural pozzolan from its Z-1 Quarry in the province.
Pozzolans are garnering increasing interest from the cement industry as the commercial supply of fly ash is diminishing with the continued closure of coal-fired power plants.
Preliminary results from the research partnership are encouraging and PLAN believes there is "tremendous potential" for using waste material in a proprietary blend to create a high-quality supplementary cementing material (SCM) for the cement industry as a potential replacement for fly ash, the Vancouver-based firm said today.
The initial research trial is expected to conclude at the end of April this year, said the firm, which is when it expects to finalize its proprietary formulation for testing, after which, the firm aims to begin small scale production.
At its Z-2 and the Z-3 high-quality pozzolan properties near Kamloops, BC, the firm said it expects to start exploration work in late April or early May this year, once the snowpack is melted and it is dry enough to conduct fieldwork.
The intention for Z-2 is to start to quantify the amount of natural pozzolan contained in a certain area, while at Z-3, it aims to conduct soil work while completing further testing in areas previously drilled by LaFarge Canada, which identified natural pozzolans.
"For the Z-1 Property, our COO is working to renew the Notice of Work (license to mine the property) which is up for renewal in July 2020. In the interim, we will continue to draw down on the previously mined stockpile of natural pozzolan as required," the firm added.
The firm has seen success from using its Z-1 natural pozzolan to denature cannabis and this has led to additional extraction companies requesting samples and pricing. PLAN sees this as a growth opportunity in 2020.
The firm also noted it has supplied pulverized natural pozzolan from its Z-1 Quarry in the last six months to three companies which produce cementitious products.
It is now working on product development with one of these companies and on sharing the costs of CSA testing on the building product which it hopes will ultimately contain Z-1 pulverized natural pozzolan as a core ingredient.
"We are very excited about the potential for our natural pozzolan assets and affiliated cementitious building products in development to contribute to the effort of reducing the carbon footprint of the cement industry," said PLAN's chief executive Steve Harpur.
"The PLAN team, which welcomed Mike Wypych as COO in February 2020, is accelerating our efforts to lay the foundation for significant commercialization and expansion in 2020," he added.
Shares in Toronto were unchanged at C$0.035 each.
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