Companies to Explore Post-Consumer Glass Nanoparticle Production and
Amorphous Silica Fabrication for Environmental Applications
VANCOUVER, BC, Jan. 27, 2022 /CNW/ -Progressive Planet Solutions Inc. (TSXV: PLAN) ("PLAN", "Progressive Planet" or the "Company"), an emerging provider of innovative circular solutions and eco-friendly micronized minerals for industry and agriculture, is pleased to announce it has engaged PyroGenesis Canada Inc. (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY) ("PyroGenesis"), a high-tech company that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases (GHGs), to develop and lead feasibility studies for the production of nanoparticles from post-consumer glass and the production of amorphous silica derived from high grade silica.
It's was big
Pyrogenesis shares went from $2.72 on January 27th 2022, to $3.85 three days later on January 31st.
It traded 4.7 million shares to get there over those days.
I pointed out that Progressive Planet wasn't quite a $50 million company at the time.
Exactly one month later, PyroGenesis closed at $2.50.
Today Progressive Planet is cap'd at $14 million.
It trades at 14 cents.
Nothing ever came of it.
It turned out to be a good time to sell.
That's it.