Another product sometimes added to soil is Vermiculite. It is a little bit like Perlite, in that it will hold both water and air in a soil mix.
However, Vermiculite availability is dropping and it is now expensive. We don’t use it in our soil mixes. We DO use it to cover seeds in our germination area. For some reason, Vermiculite is the perfect covering for new seeding. It has both water and air holding properties, it is sterile, and it doesn’t harden or inhibit the seedling from emerging.
Vermiculite ore is a natural mineral, a type of mica, that is mined in Russia, South Africa, China and Brazil. The U.S. has deposits of this ore but these deposits also contain asbestos. The U.S. ores haven’t been used for Vermiculite for many years.
Vermiculite ore is heated in furnaces until it expands. It is then graded by particle size. Vermiculite is used for insulation, packing material, light-weight cement, in horticulture, fire protection and more.

This is vermiculite ore.

A diagram of a furnace to produce vermiculite. The heat rises from the bottom, and the ore is put in at the top. The vermiculite expands in the heat, and falls out the bottom.

Vermiculite as it is used in soil mixes, after the ore is expanded.