Zentek Engages ICP Securities Inc. for Automated Market Making Services
Rhea-AI Summary
Zentek (NASDAQ: ZTEK) engaged ICP Securities to provide automated market-making using its proprietary ICP Premium® algorithm, effective April 1, 2026. The agreement has an Initial Term of four months with automatic monthly renewals and a monthly fee of C$7,500 plus taxes. The engagement is subject to TSX Venture Exchange approval.
The arrangement includes no equity or performance-based pay, allows ICP and its clients to acquire securities, and aims to improve liquidity and quote quality for shareholders.
Positive
- Start date set for April 1, 2026
- Initial term defined as four months with automatic monthly renewals
- Fixed monthly fee of C$7,500 (plus taxes)
- No equity compensation or stock options issued
Negative
- Subject to TSXV approval, so effectiveness is conditional
- No performance factors in agreement to guarantee liquidity improvement
- ICP or clients may acquire shares, introducing potential future ownership changes
News Market Reaction – ZTEK
In the Apr 1 session, ZTEK gained 3.64%, reflecting a moderate positive market reaction. Argus tracked a trough of -8.5% from its starting point during tracking.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 25 | Business launch | Positive | -2.8% | Triera Biosciences launched CRO services for aptamer and biosensor projects. |
| Mar 13 | Litigation outcome | Positive | -1.9% | Favorable court judgment dismissing most claims tied to former CEO. |
| Mar 09 | Project engagement update | Positive | +0.5% | PDAC update on government and First Nations engagement for Albany Graphite. |
| Mar 04 | Commercial pilot | Positive | +0.0% | Pilot evaluation with Quality Filters for proprietary filtration media. |
| Feb 26 | Strategy and project plan | Positive | +4.9% | Outlined plan to advance Albany Graphite toward new PEA and PFS. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent positive corporate and strategic updates have often seen mixed or negative next-day price reactions, indicating a tendency toward divergence on good news.
Over the past months, Zentek issued several generally constructive updates, including an Albany Graphite strategy outline on Feb 26 and a pilot program with Quality Filters on Mar 4, with a 4.89% and 0% next-day move respectively. A favorable court judgment on Mar 13 and a Triera CRO launch on Mar 25 were followed by declines of 1.86% and 2.75%. Against this backdrop, the new ICP market-making agreement focuses specifically on liquidity and trading quality rather than fundamental changes.
Key Terms
automated market-making financial
market making financial
algorithmic platform technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
Proprietary market making algorithm intended to support liquidity and more orderly trading through improved quote quality
Guelph, Ontario--(Newsfile Corp. - April 1, 2026) - Zentek Ltd. (TSXV: ZEN) (NASDAQ: ZTEK) ("Zentek" or the "Company") is pleased to announce that it has engaged ICP Securities Inc. (“ICP”) to provide automated market-making services, including the use of its proprietary ICP Premium® algorithm, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. The engagement remains subject to approval by the TSX Venture Exchange.
The agreement between the Company and ICP was signed with a start date of April 1, 2026, and is for four (4) months (the "Initial Term") and shall be automatically renewed for subsequent one (1) month terms (each month called an "Additional Term") unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. ICP will be paid a monthly fee of C
"As we advance toward several important milestones, we want our shares to trade in a more orderly and efficient manner. We selected ICP for its proprietary algorithmic platform and market structure expertise, and we believe its technology-driven approach offers a differentiated solution to support liquidity and quote quality for Zentek's shareholders," said Mohammed (Moe) Jiwan, Chief Executive Officer of Zentek Ltd.
About ICP Securities Inc.
ICP Securities Inc. is a Toronto-based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market-making algorithm, ICP Premium®, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high-quality liquidity provision and execution services to a broad array of public issuers and institutional investors.
About Zentek
Zentek Ltd. is a Canadian intellectual property development and commercialization company advancing a portfolio of graphene-enabled and advanced material technologies across clean air, next-generation materials, and critical minerals. The Company's core platforms are Albany Graphite, ZenGUARD™, and Triera.
Forward-Looking Statements
This news release contains forward-looking statements, including statements about the trading of the Company's shares. Forward-looking statements involve inherent risks and uncertainties, and actual results may differ materially. Risks include the risks described in the Company's public filings. Undue reliance should not be placed on forward-looking information, which applies only as of the date of this news release. Zentek disclaims any obligation to update forward-looking information other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information:
Mohammed (Moe) Jiwan
Chief Executive Officer, Zentek Ltd.
T: 416-709-8876
E: mjiwan2@zentek.com
W: www.zentek.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290765