Progressive Planet Solutions Inc. entered into an agreement to acquire a 50 % interest in the Bromley Creek Zeolite Mine from International Zeolite Corp. (TSXV:IZ) for CAD 0.725 million.

Progressive Planet Solutions Inc. (TSXV:PLAN) entered into an agreement to acquire a 50% interest in the Bromley Creek Zeolite Mine from International Zeolite Corp. (TSXV:IZ) for CAD 0.725 million on August 3, 2022. CAD 101,933.76 has already been paid to International Zeolite, with PLAN now holding a 7.03% interest in the Bromley Creek zeolite deposit, located in British Columbia.

The remaining CAD 623,006.24 is payable in 20 equal quarterly installments to March 2027, for the remaining 42.97% interest. In addition, International Zeolite will receive a net royalty payment of CAD 4.50 per metric tonne of product mined and removed from the mine. The amended agreement also formalizes the option granted by International Zeolite to PLAN to acquire up to a 50% interest in a separate group of mineral claims known as the "SunGroup" also located in British Columbia, for an additional purchase price of CAD 725,000.00, exercisable until July 26, 2027.