Advanced materials · Northern Ontario

Zentek.

Ultra-high-purity graphite with potential for nuclear, defence and aerospace applications in allied jurisdictions - built on a foundation of deep scientific research.

five nines

\ 99.999 % \

The purity threshold where graphite stops being a commodity and becomes a strategic material and potentially qualified for nuclear, aerospace and defence applications. Bench-scale testing has demonstrated that Albany graphite can be purified to 99.9992% carbon and 2.60 ppm equivalent boron content (EBC), based on independently verified third-party laboratory results.

Albany's 5N+ PEA.

Preliminary Economic Assessment modelling 5N+ purity at premium pricing.

Headline economics

US$3.9B
After-tax NPV
27.4%
After-tax IRR
US$817M
Initial capex
4.4 years
After-tax payback

See Zentek's press release dated August 10, 2026. The PEA is preliminary in nature. It includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Readers are cautioned not to assume that all or any part of the Indicated or Inferred Mineral Resources will ever be converted into Mineral Reserves or that the PEA represents, or will result in, an economically viable mining operation.

Why it matters

A supply-chain answer for allied defence and security.

Ultra-high-purity graphite is a specification-gated input to nuclear, defence and aerospace applications, and allied nations have almost no domestic sources capable of producing the required purities. Albany has the potential to help address that gap as a North American source of ultra-high-purity graphite, on a model where industry funds the development work and Zentek retains the IP.

99.9992%
Albany carbon purity · consistent with published nuclear-grade purity specifications · independently verified
2.60 ppm
Equivalent boron content · below the <3 ppm EBC benchmark
NATO-aligned
Potential exposure to premium ultra-high-purity graphite markets, subject to project economics, customer qualification, and market conditions.
25+
Patent families securing the process, not just the rock
Scanning electron micrograph of purified Albany graphite at 7,000x magnification
Scanning electron micrograph · 5N ultra-high-purity Albany graphite · 15.0 kV · x7,000 · 2 µm scale bar

01 · The strategic material

Albany.

A one-of-a-kind igneous-hosted, fluid-derived graphite deposit in Northern Ontario, where bench-scale purification testing has achieved 99.9992% carbon purity and 2.60 ppm equivalent boron content using a proprietary halogen-free process. The project is being developed as a potential North American source of ultra-high-purity graphite for strategic industrial applications.

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Critical minerals are national security. Albany may be the NATO-aligned answer.
Zentek Ltd. - TSXV : ZEN · NASDAQ : ZTEK

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