Zentek Ltd. · TSXV:ZEN
Zentek — Investor Presentation (September 2026)
21 slides from Zentek's investor presentation, September 2026
Slide 1: Ultra-High-Purity Graphite. Advanced Materials: Developed on Demand.
CORPORATE INVESTOR PRESENTATION · SEPTEMBER 2026 Ultra-High-Purity Graphite. Advanced Materials: Developed on Demand. A landmark catalyst delivered. Revenue today. An advanced materials growth platform. TSX-V: ZEN · OTCQX: ZTEKF ZENTEK.COM
Slide 2: Disclaimers
Disclaimers. This presentation is being provided for information purposes only and does not constitute or form part of, and Forward-Looking Information in this presentation includes, without limitation, estimates and statements with should not be construed as, an offer or invitation to sell or any s
Slide 3: Contents
TABLE OF CONTENTS Contents. 01 Zentek at a Glance 04 08 Premium Specification, Premium Pricing 11 02 Capital Structure 05 09 Strategic Graphite Partners 12 03 Graphite Market Backdrop — Why Now 06 10 Critical Path — What’s Next 13 04 Albany’s 5N+ PEA 07 11 Appendix — ZenGUARD & the R&D Pipeline 14 0
Slide 4: Zentek at a glance
COMPANY OVERVIEW Zentek at a glance. Albany is the principal critical mineral asset. ZenGUARD and the R&D pipeline provide unique support and optionality. 02 · DEVELOPMENT ON DEMAND 01 · ALBANY GRAPHITE Proof the model works. Critical Mineral Foundation. Our deep-science platform makes existing prod
Slide 5: Capital Structure
CAPITAL STRUCTURE Capital Structure. ~127M ~156M C$80M $18M COMMON SHARES OUTSTANDING FULLY DILUTED APPROXIMATE MARKET CAP CAPITAL RAISED IN MAY 2026 SECURITY BREAKDOWN DUAL-LISTED Common shares outstanding 126,619,532 Stock options (exercisable) 5,311,750 OTCQX: ZTEKF Restricted share units (RSUs)
Slide 6: Why Now
GRAPHITE MARKET BACKDROP ALBANY G RAP HIT E Why Now. No allied nation supplies nuclear-grade natural graphite today. NUCLEAR RENAISSANCE, FUNDED BUYERS ARE ALREADY PAYING UP SMR deployment timelines are accelerating, backed by real X-energy paid SGL Carbon over $100M for synthetic capital commitment
Slide 7: Albany's 5N+ PEA
ALBANY GRAPHITE ALBANY G RAP HIT E Albany’s 5N+ PEA. Preliminary Economic Assessment modelling 5N+ purity at premium pricing. HEADLINE ECONOMICS US$3.9B 27.4% US$817M 4.4 years AFTER-TAX NPV AFTER-TAX IRR INITIAL CAPEX AFTER-TAX PAYBACK DEPOSIT FUNDAMENTALS 23.1 Mt 4.14 % Cg 99.9992 % 2.60 ppm INDIC
Slide 8: Constance Lake First Nation & Local Benefits
INDIGENOUS PARTNERSHIP Constance Lake First Nation & Local Benefits Setting a new standard for a compliant natural graphite study and benefit sharing. Albany is located in the traditional territory of Constance Lake First Nation. Zentek's relationship with Constance Lake First Nation is close and ac
Slide 9: Deposit to demand
INTEGRATED PRODUCTION ALBANY G RAP HIT E Deposit to demand. Albany is designed to own the integrated production chain end to end — from the deposit through flotation, FBR purification, and into premium product markets. STEP 01 STEP 02 STEP 03 STEP 04 STEP 05 Resource › Ore feed › Flotation › FBR pur
Slide 10: Why Albany
COMPETITIVE POSITIONING ALBANY G RAP HIT E Why Albany. A unique combination of geology, process, and market position. Starts lower, still reaches 5N. Lower environmental and capital cost. 01 Albany's process takes 86% Cg feed-grade material 02 The FBR process avoids the hydrofluoric acid used all th
Slide 11: Premium Specification. Premium Pricing.
GRAPHITE MARKET BACKDROP ALBANY G RAP HIT E Premium Specification. Premium Pricing. Public, third-party benchmarks Flake concentrate 94–97% Cg, standard flake ~$500–1,500/t Spherical purified (anode) 99.95% C, battery grade ~$2,500–4,500/t ALBANY'S TARGET TIER 5N–6N ultra-high purity ~$25,000–120,00
Slide 12: Strategic Graphite Partners
U.S. COMMERCIAL ALBANY G RAP HIT E Strategic Graphite Partners. A U.S. joint venture built to bring Albany graphite into U.S. defence and nuclear energy supply chains. THE VEHICLE THE MANDATE Zentek USA Inc. holds 90%; ALO Graphite Partners LLC — U.S. customer engagement and material qualification,
Slide 13: What's next
CRITICAL PATH ALBANY G RAP HIT E What's next. Albany's path forward runs on two parallel tracks — engineering and permitting. CONDITIONAL ENGINEERING & MILESTONES PEA delivered PFS + FEED, in parallel Feasibility Study Final Investment Decision PERMITTING, RUNNING IN PARALLEL Environmental assessmen
Slide 14: ZenGUARD and the R&D Pipeline
APPENDIX ZenGUARD and 01 ZenGUARD — the Commercial Platform the R&D Pipeline 02 Development-on-Demand & R&D Pipeline 03 Peer Valuation & Catalysts Unique support and optionality. 04 What’s Ahead & Why Zentek CORPORATE INVESTOR PRESENTATION TSX-V: ZEN · OTCQX: ZTEKF ZENTEK 14
Slide 15: What it is. How it helps.
ZENGUARD What it is. How it helps. ZenGUARD began by making an existing product better — a standard surgical mask. The same molecule now makes another everyday product better: the HVAC filter. MASKS, MADE BETTER FILTERS, MADE BETTER ZenGUARD Antimicrobial Surgical Masks: > 99.9% viral filtration NRC
Slide 16: Product lines
ZENGUARD Product lines. One molecule. Four potential models. PRODUCT LINE CUSTOMER MODEL ZenGUARD Enhanced Air Filters Institutions, government, education Finished product, direct sale ZenGUARD Enhanced Air Filtration Media Filter manufacturers Input — improves a partner's product ZenGUARD Antimicro
Slide 17: Real products. Real revenue.
ZENGUARD · REVENUE TODAY Real products. Real revenue. ZenGUARD makes existing products better and Masks, selling today people safer — proven in masks commercially Antimicrobial Surgical Masks are available in Canada through Henry Schein (dental), with available today, and in filters active in the fi
Slide 18: One facility. One molecule.
PRODUCTION & APPLICATION One facility. One molecule. Every ZenGUARD product starts here — as an input, or a finished good — making air filtration and surgical masks better. AIR FILTRATION SURGICAL MASKS INPUT INPUT Enhanced Air Filtration Media Antimicrobial Mask Media FINISHED FINISHED Enhanced Air
Slide 19: The model behind ZenGUARD
DEVELOPMENT ON DEMAND The model behind ZenGUARD . ZenGUARD is what happens when Zentek points one molecule at one problem. These are the next problems. UHP graphite batteries Fire-protection coating UHP graphite purified via fluidized bed reactor as anode material for Graphene-enhanced coating for c
Slide 20: What's ahead
CATALYSTS & TIMELINE What's ahead. Albany, ZenGUARD , and the next commercial opportunities being developed. ALBANY ZENGUARD R&D PIPELINE — PEA announced — Federal procurement, open now — UHP graphite batteries (U of T) CONDITIONAL ENGINEERING & — U.S. commercial, underway (QFI) — Fire-protection co
Slide 21: Why Zentek
INVESTMENT HIGHLIGHTS Why Zentek. $18M raised. A unique opportunity set, funded to execute. 01 Advancing beyond a delivered PEA. 5N+ PEA is complete. Albany’s potential value could continue to grow through PFS, Feasibility, and Final Investment Decision. 02 Revenue today. ZenGUARD is commercially av