Zentek creates fire-retardant product using graphite gel and partners with Altek
New Fire-Retardant Product: Zentek has developed a Graphite Gel-Based Fire-Retardant (GBFR) that offers rapid gelation and intumescent properties to protect homes from wildfires, with Altek Advanced Materials granted exclusive rights to commercialize it in the US under the name GraphGel.
Testing and Performance: The GBFR has been independently tested, achieving a Class A fire rating, with a Flame Spread Index of 25 for low thickness and 5 for high thickness, demonstrating effective fire protection when applied to surfaces.
Application and Demonstration: The coating can be rapidly sprayed on structures, allowing average-sized homes to be coated in under 30 minutes, and a live demonstration showed its effectiveness against intense fire exposure.
Commercial Agreement: Altek has signed a conditional exclusive license agreement with Zentek for commercialization, which includes royalty payments and responsibilities for further testing and development costs associated with the product.
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Zentek Ltd Performance: Zentek's stock has an RSI of 29.8, with a recent quarterly loss and a 33% decline over the past month, closing at $0.65.
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CEO Contract Update: Zentek announced that it will not extend CEO Greg Fenton's consulting contract, which expires on March 31, 2026, and has initiated a search for his successor.
Stock Performance: Following the announcement, Zentek's stock price fell by 3.23% to $1.05 in after-hours trading.
Market Volatility and Stock Selection: The Canadian stock market has seen significant fluctuations, with the TSX hitting all-time highs despite earlier declines. Investors are advised to focus on stocks with strong financial fundamentals, including smaller companies often referred to as "penny stocks."
Company Highlights: Notable companies discussed include Galleon Gold Corp., Radius Gold Inc., and Zentek Ltd., all of which are in the pre-revenue stage but show potential for growth through exploration and innovative projects, despite facing financial challenges.
Zentek's Albany Graphite Test Results: Zentek has achieved a 99.9991% purity in graphite through a fluidized bed reactor process, which also allows for the recovery of rare earth elements (REEs) as by-products during thermal purification.
Future Plans and Applications: The company aims to further explore the REE potential of the Albany deposit and intends to develop battery-ready anode materials, cathode conductivity enhancers, and ultra-high purity graphite for nuclear applications.
Zentek Q1 2025 Results: Zentek (NASDAQ:ZTEK) reported a first-quarter earnings per share of -2 cents and revenue of $4.01 million.
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