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Progressive Planet procures flagship natural pozzolan property near Kamloops, BC
Progressive Planet procures flagship natural pozzolan property near Kamloops, BC Canada...
About this update from Progressive Planet Solutions Inc.
[{"type":"text","content":"\n\n\n\n Progressive Planet procures flagship natural pozzolan property near Kamloops, BC\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n KAMLOOPS, BC\n \n\n ,\n \n\n June 25, 2025\n \n\n /CNW/ - Progressive Planet (TSXV: PLAN) (OTCQB: ASHXF) (\"Progressive Planet\", \"PLAN\", or the \"Company\") is proud to announce that it has procured 100% of the mineral rights to the Ferguson Creek Pozzolan Property located approximately 100 kilometers from\n \n Kamloops, BC\n \n .\n \n\n\n\n\n\n\n\n\n\n Terms of the Deal\n \n\n\n In consideration for the Claims, Progressive Planet will pay Tilava Mining Corporation, an arm's length party to the Company, a total of\n \n $125,000\n \n . The first payment of\n \n $50,000\n \n was paid on signing of the agreement on\n \n June 17, 2025\n \n . The following two additional milestone payments are detailed as follows:\n \n\n\n An additional amount of\n \n $25,000\n \n is to be paid within five days following the issuance of a Bulk Sample Permit; and\n \n\n\n\n The remaining amount of\n \n $50,000\n \n is to be paid within five days following the issuance of a Mine Permit from the province of BC.\n \n\n\n\n Royalty\n \n\n\n In addition to the cash payments listed above, Progressive Planet has granted Tilava Mining Corporation a royalty of\n \n $2.00\n \n per metric tonne (1,000 kg) 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\n \n $2,500,000\n \n .\n \n\n\n Ferguson Creek Pozzolan Property\n \n\n\n 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.\n \n\n 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...