Welcome to our dedicated page for Zentek news (Ticker: ZTEK), a resource for investors and traders seeking the latest updates and insights on Zentek stock.
Zentek Ltd. (ZTEK) generates news across several advanced technology domains, reflecting its role as an intellectual property development and commercialization company. Its disclosures highlight activity in graphene-based coatings, critical mineral development, aptamer-based healthcare technologies and fire-retardant materials, giving investors and observers multiple streams of company-specific updates.
A major news theme is Zentek’s work through its wholly owned subsidiary Albany Graphite Corp. on the Albany Graphite Project in Ontario. Recent releases describe ultra-high purity Albany graphite reaching five-nines carbon purity with an Equivalent Boron Concentration below thresholds generally referenced for nuclear applications, as well as additional nuclear suitability testing and independent verification using near-net-shaped graphite bricks. Separate announcements cover lithium-ion battery suitability testing, where spheroidized Albany graphite has shown near-theoretical anode performance under industry-standard conditions.
Another recurring topic is Zentek’s ZenGUARD™ platform for surgical masks and HVAC air filters, including corporate updates on testing under the Government of Canada’s Innovative Solutions Canada program and efforts to advance ZenGUARD™ Enhanced Air Filters in Canada and international markets. News items also address the company’s development of a Graphite Gel-Based Fire-Retardant product and an exclusive licensing arrangement with Altek Advanced Materials Inc. for commercialization in the United States.
Healthcare-focused news includes progress on multivalent aptamer countermeasures against influenza through Triera Biosciences and McMaster University, supported by a federal testing contract. Corporate governance and capital markets developments, such as CEO transitions, board appointments, annual meeting voting results and tax reassessment matters, are reported through regular press releases and associated Form 6-K filings. Readers following ZTEK news can expect updates on technology milestones, regulatory and testing programs, strategic partnerships and key corporate decisions.
Zentek (NASDAQ: ZTEK) (TSXV: ZEN) has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement. The company's shares have traded below $1.00 for 31 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2). Zentek has until March 10, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days. If unsuccessful, the company may be eligible for an additional 180-day grace period. Failure to meet requirements could result in delisting, though Zentek can appeal such a decision. The company's management is actively monitoring the situation and considering options to address the deficiency.
Zentek (Nasdaq:ZTEK, TSXV:ZEN) has announced plans for a normal course issuer bid, subject to regulatory approval. The company aims to repurchase up to 5,084,319 common shares, representing approximately 5% of its outstanding shares, over a one-year period from August 16, 2024, to August 15, 2025. Zentek can purchase up to 2,033,727 shares (2% of outstanding shares) in any 30-day period during the bid.
Management believes this strategy will increase long-term shareholder value, as the current market price may not fully reflect the company's business value and future prospects. Purchases will be made through the TSX Venture Exchange at market prices, with Integral Wealth Securities appointed as the broker for these transactions.
Zentek (Nasdaq:ZTEK)(TSX-V:ZEN) has announced preliminary battery results and a new three-year, $441,000 project in collaboration with the University of Toronto. The project, funded by an NSERC Mission Alliance Grant, aims to optimize graphite for battery anode use. Key highlights include:
1. Preliminary results show a minimum 17% increase in capacity for pouch cell batteries using engineered Albany graphite compared to commercial-grade anode material.
2. This project complements a $1.6M Mitacs research project announced in October 2022, focusing on multifunctional materials for automotive batteries.
3. Zentek is exploring both graphite production from its Albany Deposit and graphite processing for battery-ready anode material.
The company aims to develop premium anode materials that outperform commercial anodes in energy capacity, cycle life, and charging rate.
Zentek (NASDAQ:ZTEK, TSXV:ZEN) has announced a nationwide sampling program for its ZenGUARD™ Antimicrobial Surgical Masks in Canada, facilitated by Henry Schein Inc. The program targets dental professionals, with ZenGUARD™ masks to be included in product shipments to Henry Schein customers.
Key features of ZenGUARD™ masks include:
- Enhanced protection against infectious agents
- 99.9% elimination of bacteria
- Reduction of mask-related acne
- Superior filtration compared to standard ASTM Level 3 surgical masks
Zentek CEO Greg Fenton emphasized the importance of safety in dental practices and positioned ZenGUARD™ technology as the new standard for protection in this market segment.
Zentek (NASDAQ:ZTEK)(TSXV:ZEN) announced that its subsidiary, Albany Graphite (AGC), has achieved 99.99915% purity for a graphite sample from the Albany deposit. This ultra-high purity was attained using a two-step process without hydrofluoric acid. The material will be tested for lithium-ion battery anodes and evaluated for the nuclear market.
The company is exploring both graphite production and processing to create battery-ready anode material. An updated mineral resource estimate shows Indicated Mineral Resources of 22.9 million tonnes at 4.1% graphitic carbon and Inferred Mineral Resources of 13.1 million tonnes at 2.9% graphitic carbon. The Albany Graphite Project is located near infrastructure in Ontario, Canada, and has shown potential to compete with synthetic graphite in various applications.
Zentek (NASDAQ: ZTEK) has announced the grant of stock options to directors, officers, and employees. The grant includes a total of 1,935,000 common shares, priced at $1.52 per share, exercisable over the next five years.
For directors and officers, the options will vest in three installments: one third on the date of the grant, one third on the first anniversary, and one third on the second anniversary. Employees will see their options vest in four installments: one quarter on the date of the grant and one quarter annually thereafter.
Zentek has been granted a second patent by the Canadian Intellectual Property Office for its Graphene Oxide-Cationic Silver (GO-Ag+) Nanocomposites, recognized as a broad-spectrum antimicrobial agent.
The patent includes 64 successful claims and covers the compound's use against bacteria, fungi, and viruses in various forms such as liquid, powder, and ointments. Zentek has also applied for this patent with the U.S. Patent and Trademark Office.
GO-Ag+ has shown higher cytotoxicity against bacteria than human cells and is being studied for its effectiveness in preventing and eliminating biofilms, a significant challenge in wound care and medical devices. The patent supports further development of GO-Ag+-based products for medical and veterinary markets.
CEO Greg Fenton emphasized that this milestone is important for Zentek's intellectual property commercialization strategy and aims to maximize shareholder value.
Zentek has signed a distribution agreement with DCL Supply for ZenGUARD Enhanced Air Filters, effective from March 19th, 2024, with an initial term of one year, automatically renewing annually unless terminated with 90 days' notice. These filters aim to improve indoor air quality without significantly increasing energy consumption or emissions. The agreement is pending Health Canada's registration under the Pest Control Products Act, allowing DCL Supply to distribute the filters across Canada upon approval.
DCL Supply, a reputable HVAC distributor with over 40 years of experience, will leverage its extensive network to deliver these innovative solutions. This partnership aims to address the growing need for efficient air filtration in industrial, commercial, and institutional settings, potentially reducing maintenance costs and improving health outcomes.
Zentek completed a case study on HVAC Total Cost of Ownership Savings for the City of Toronto, showcasing the benefits of using MERV 9A filters over MERV 13 filters. The study revealed annual cost savings of over $40 million, reduced carbon emissions, waste, and energy consumption. Zentek aims to provide property managers with a cost-effective, environmentally friendly solution to control infectious aerosols and keep people safe.
Zentek announces that its subsidiary, Triera Biosciences , has achieved positive results against avian influenza (H5N1) using multivalent aptamer technology. The development of a prophylaxis and therapeutic for highly pathogenic avian influenza has been prioritized, with promising initial test results. The binding affinity of the influenza aptamer is superior to that of the aptamer used for SARS-CoV-2, showing improved protection in animal models. The World Health Organization has labeled the current H5N1 outbreak as an 'enormous concern,' prompting governments worldwide to focus on combating the virus. Triera has filed a provisional patent on the influenza virus-targeting aptamer, aiming to develop assets to prevent further transmission of H5N1 and other infectious diseases.