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Zentek Announces Resignation of CEO - Greg Fenton to take New Strategic Leadership Role in U.S.-Based Venture
GUELPH, ON / ACCESS Newswire / September 3, 2025 / Zentek Ltd. (" Zentek " or the " Company ...
About this update from Zentek Ltd.
[{"type":"text","content":"Zentek Announces Resignation of CEO - Greg Fenton to take New Strategic Leadership Role in U.S.-Based VentureGUELPH, ON / ACCESS Newswire / September 3, 2025 / Zentek Ltd. (\"Zentek\" or the \"Company\") (Nasdaq:ZTEK)(TSXV:ZEN), an intellectual property technology development and commercialization company, today announces that Greg Fenton has resigned as Chief Executive Officer (\"CEO\") and as a member of the Board of Directors, effective immediately, to become the full-time CEO of Altek Advanced Materials Inc. (\"Altek\"), a Nevada incorporated private company focused on the commercialization of advanced material technologies in the United States, of which Greg Fenton owns more than a 50% beneficial equity interest.The Company has entered into a non-arm's length, binding letter of intent (\"LOI\") effective September 3, 2025, with Altek to negotiate one or more non-exclusive licensing agreements relating to Zentek's various technologies, including ZenGUARD™, in order to accelerate Zentek's efforts and opportunities for commercialization in the United States. The LOI provides for an initial licensing term for ZenGUARD™ of five years, with an option to renew the term for an additional five years. The LOI also includes royalties of between 5% and 8% of net sales of ZenGUARD™ or ZenGUARD™ products based on certain net sales thresholds. Altek shall be responsible for manufacturing and commercializing the products in the United States, and Zentek shall retain ownership of all of its intellectual property.Mr. Fenton's departure follows a tenure where he played a pivotal role in building a strong foundation and team at Zentek that advanced the Company's mission to develop cutting-edge nanotechnology solutions for healthcare, environmental, and industrial applications. His strategic vision and leadership have positioned Zentek as a frontrunner in the nanotechnology sector.Altek will support efforts to license and commercialize certain of Zentek's proprietary technologies, including its ZenGUARD™ platform and potentially other advanced nanomaterials, and seek to gain access to the U.S. market. This strategic move is aimed to accelerate the adoption of Zentek's innovations across key industries, creating new opportunities for growth and collaboration and could provide access to the U.S. markets with min...