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Zentek launches up to C$15M private placement to fund graphite project and tech commercialization

Company Fundamentals
14 May 2026
Newsfile Corp
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Bullish
pluang ai news

Zentek Ltd. announced a marketed private placement aiming to raise up to C$15 million by selling 15 million units at C$1 each, with each unit including one common share and one warrant. The proceeds will support the development of the Albany Graphite Project, further commercialization of the ZenGUARD™ platform, and general corporate purposes. The offering includes an option for Red Cloud Securities to sell an additional 3 million units. The closing is expected around May 27, 2026, pending regulatory approvals. This financing will help Zentek advance its graphite project and expand its technology applications in high-demand markets like nuclear and defense.

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