Zentek says C$ 15 million private placement is oversubscribed, fully allocated

• Zentek’s brokered “best efforts” marketed private placement was oversubscribed, fully allocated, targeting up to C$ 15 million in gross proceeds.
• Offering sized at up to 15,000,000 units priced at C$ 1 each, with Red Cloud as sole agent, bookrunner.
• Each unit includes one common share, one warrant exercisable at C$ 1.5 for 36 months from closing.
• Red Cloud holds an option to sell up to 3,000,000 additional units for up to C$ 3 million.
• Net proceeds earmarked for Albany Graphite development work, ZenGUARD commercialization, working capital; closing expected on or about May 27, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zentek Ltd. published the original content used to generate this news brief via Newsfile (Ref. ID: 202605190730NEWSFILECNPR____20260519_297891_1) on May 19, 2026, and is solely responsible for the information contained therein.