Progressive Planet provides shareholder update

Executive Summary

• Third‑party laboratory tests show PozGlass reduces Alkali Silica Reactivity (ASR) to 0.02% versus 0.11% for conventional ground glass pozzolan, confirming a major performance advantage.
• Milestone 1 of the PozGlass pilot plant is delayed; completion evidence now expected by 30 Mar 2026 (4‑month delay). Milestone 2 remains on schedule for 31 Oct 2026.
• Progressive Planet secured three new product listings with a large U.S. retailer, launching two SKUs in Kamloops and one SKU in eastern Oregon, with production to start Nov 2025; this will affect Q2‑Q3 gross margins.

Key Details

• ASR Test Results – 30% Cement Replacement
• PozGlass mortar bar expansion: 0.02 % (passes ≤0.10 %).
• Conventional ground glass pozzolan expansion: 0.11 % (fails).

• Relative performance: conventional pozzolan expanded ~500 % more than PozGlass.

• ASR Test Results – 40% Cement Replacement

• PozGlass expansion: 0.01 % (passes).
• Conventional ground glass pozzolan expansion: 0.05 % (passes).

• Again, conventional pozzolan expanded ~500 % more than PozGlass.

• Pilot Plant – Milestone 1

• Front‑end glass processing equipment ordered; optical sorter (manufactured in Austria) delayed to Jan 2026.
• Steel building addition permits: concrete foundation permit received; steel structure permit expected within 30 days.
• All structural steel, footing frames, and rebar pre‑purchased and pre‑assembled.

• Original evidence‑submission deadline 30 Nov 2025, now anticipated ≤30 Mar 2026 (4‑month delay).

• Pilot Plant – Milestone 2

• Forecasted completion 31 Oct 2026; reporting by 30 Nov 2026. No expected delays.
• Procured a used commercial wet‑grinding mill with ~8× capacity of custom mill.

• Completed procurement of wastewater processing, drying, and packaging equipment; small‑scale batch plant commissioning started.

• Concrete Pour at Pilot Plant

• Planned for Nov 2025 inside the pilot plant building; will be video‑recorded.

• New Product Listings – U.S. Retailer

• Three SKUs approved: two (puffer bottle, jug) produced in Kamloops, BC; one (20 lb bag) produced by partner in eastern Oregon.
• Production to commence Nov 2025.

• Investment will impact gross margins in Q2 and Q3 2025.

• Production Line Shutdown & Equipment Installation

• Temporary shutdown of three of four lines in intervals for November SKU production and robotic palletizer installation (arrived summer 2025).
• Expected shift of some Oct 2025 production/sales into Nov 2025 (start of Q3).

• Anticipated larger-than‑normal purchase‑order backlog at end of Q2 (Oct 31 2025).

• Award

• Received Innovation in CCUS Technology award at Carbon Capture Canada Awards (Edmonton, 24 Sep 2025).

• Investor Presentations

• CEO Steve Harpur to speak at Planet Microcap Investment Conference, Toronto – 22 Oct 2025, 8:30 AM ET (webcast link provided).
• Webinar with Radius Research on 16 Oct 2025, 1 PM PT to discuss release contents.

Notable Quotes

• “The ability to mitigate ASR is a major competitive advantage for PozGlass. This side‑by‑side testing demonstrates this advantage of PozGlass over conventional ground glass pozzolan,” – Dr. Doug Brown, CTO & President, Progressive Planet Alberta.