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Mining & Metals

Zentek Creates Joint Venture to Advance Albany Graphite Project

Zentek (ZEN.V) has formed a joint venture with ALO Graphite Partners focused on advancing the Albany graphite project in Ontario.Strategic Graphite Partners will support U.S. customer engagement, offtake discussions, industry engagement, government relations, and the evaluation of potential funding opportunities for the project, Zentek said Friday.Zentek subsidiary Zentek USA owns 90% of the joint venture, while ALO owns the remaining 10%."Strategic Graphite Partners gives allied-sourced Albany material a footprint inside the U.S. value chain, where it can be qualified by U.S. customers and emerging government-supported programs," Zentek CEO Moe Jiwan said.Ultra-high-purity graphite from Albany can be used in energy, defense, and national security markets, Zentek said.Price: $0.55, Change: $-0.01, Percent Change: -1.79%

$ZEN.V
Mining & Metals

Zentek Raises $18 Million From a Brokered Private Placement of Share Units

Zentek (ZEN.V, ZTEK) on Wednesday said it closed a best-efforts private placement of share units that raised $18 million, including the full exercise of the agent's over-allotment option.The company sold 18-million units priced at $1.00 apiece and made up of a share and a three-year warrant to buy a share for $1.50.Proceeds will be used for the development and de-risking of the Albany Graphite project, the continued commercialization of its ZenGUARD platform, payment obligations, and general working capital and corporate needs.Shares of the company were last seen down $0.01 to $0.78 on the TSX Venture Exchange.Price: $0.78, Change: $-0.01, Percent Change: -1.27%

$ZEN.V
Mining & Metals

Zentek Surges 24% as ZenGuard Filters Added to Federal List For Direct Procurement

Zentek (ZEN.V), up 24% on last look, on Wednesday said its ZenGUARD air filters have been added to the federal government's Pathway to Commercialization (PTC) source list.The listing establishes Zentek as an exclusive supplier within the PTC framework to the Canadian government for three years, during which time any federal department or agency may purchase ZenGUARD directly from the company. The milestone is the culmination of a multi-year collaboration between Zentek, ISC, and the National Research Council of Canada.Inclusion on the PTC source list does not guarantee orders or contracts, a statement said.Zentek shares were last seen up $0.28 to $1.45, on the TSX Venture Exchange.Price: $1.43, Change: $+0.26, Percent Change: +22.22%

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