Zentek advances Albany Graphite toward NI 43-101 PEA, unlocks C$2B funding eligibility
Zentek is engaging federal, provincial and NATO allies to secure non-dilutive funding and advance its Albany Graphite Project toward an updated NI 43-101 Preliminary Economic Assessment. Lab tests show nuclear-grade graphite purity of 99.9992%, positioning the project for C$2 billion in Critical Minerals Strategy funds.
1. Government Engagement Strategy
Zentek is coordinating with federal, provincial and NATO stakeholders to align Albany Graphite with defence-critical mandates and secure non-dilutive support. Engagement spans Canada’s Defence Industrial Strategy, fast-track permitting under Ontario’s One Project, One Process framework, and G7 production alliances.
2. Nuclear-grade Graphite Credentials
Independent laboratory tests confirm 99.9992% purity and 2.60 ppm boron in Albany Graphite, meeting benchmarks for nuclear-grade blocks. These properties strengthen the project’s case as a domestic source for tank, naval and submarine applications.
3. Funding Program Eligibility
Albany Graphite meets criteria for Canada’s C$2 billion Strategic Resource Fund, the extended Critical Minerals RD&D Program, Ontario’s C$500 million Processing Fund and 30% clean technology tax credits. US Department of Defense stockpiling initiatives further broaden funding pathways.
4. Next Steps Toward PEA
Zentek plans to commission an NI 43-101 Preliminary Economic Assessment with an experienced engineering firm this quarter. Concurrent environmental baseline studies will progress to satisfy gate requirements for multiple government funding programs.