Expanded slate is commercially sold as Permatil. It is different than expanded shale, know as haydite. It is a very good product similar to pumice, though not as porous and hence heavier. Permatil is, IMHO, sort of a cross between pumice and scoria. Pumice is a superior substrate, but expanded slate is a cheaper, viable alternative here on the east coast.
Be sure to rinse the product before using, as the dust can collect in the bottom of and clog pots.