Vancouver, British Columbia--(Newsfile Corp. - November 27, 2023) - International Zeolite Corp. (TSXV: IZ) (OTCQB: IZCFF) (FSE: ZEON) (the "Company"), is pleased to announce a new 5-year permit has been received for the Bromley Creek zeolite quarry ("Bromley Creek") in partnership with Progressive Planet ("PLAN"). Progressive Planet has an existing option agreement to purchase a 50% interest in IZ's Bromley Creek claims, mine lease and quarry located in Princeton, BC. Progressive Planet remains the operator of Bromley Creek and currently holds a 20% share after completing the latest quarterly installment payment of $31,150 in September 2023.
"Zeolite from Bromley Creek is becoming a larger part of operations quarter by quarter," stated Progressive Planet President Steve Gurney.
Added Gurney: "We remain focused on growing existing zeolite operations, especially in the cement and agriculture industries. The approved 5-year permit allows us to grow zeolite operations through 2028, and we are also exploring increasing the permitted maximum annual extraction of 20,000 tonnes to allow for further growth."
Ray Paquette CEO of International Zeolite Corp stated, "Working with a common goal of increasing zeolite awareness, validating new products, and establishing new markets has been our focus for years. Partnering with Progressive Planet to operate the Bromley Creek quarry is an exciting opportunity for both companies to unite complementary visions. PLAN's ability to process existing and new Bromley Creek zeolite products is a win for both companies."
Bromley Creek zeolite has received Canadian Food Inspection Agency (CFIA) certification for use as a flowing/anti-caking agent under the brand Z-Lite feed additive. The Organic Materials Review Institute (OMRI) has also listed Bromley Creek zeolite for use in organic operations under the brand The Green Patch Natural Zeolite Soil Conditioner.
On Behalf of the Board
"Ray Paquette"
President & CEO
604.684.3301
For further information, please visit www.internationalzeolite.com
For Investor Inquiries info@internationalzeolite.com
Some statements in this news release contain forward-looking information. These statements include, but are not limited to, statements with respect to future expenditures. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, among others, the ability to complete contemplated work programs and the timing and amount of expenditures. International Zeolite does not assume the obligation to update any forward-looking statement. Neither 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.
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