Zentek Ltd. Albany Graphite Project PEA Results

Zentek Ltd. has announced the results of a Preliminary Economic Assessment (PEA) for its Albany Graphite Project, highlighting a significant after-tax Net Present Value (NPV) of US$3.85 billion and an after-tax Internal Rate of Return (IRR) of 27.4%. The project targets the nuclear, defense, and allied-nation supply chains with ultra-high-purity graphite, achieving 99.9992% purity through an acid-free process. The PEA estimates initial capital requirements at US$817 million, with an after-tax payback period of 4.4 years over a projected 30-year mine life. The project is located in Northern Ontario, Canada, and benefits from proximity to existing infrastructure. Zentek emphasizes a staged approach to development, focusing on validating and scaling up the purification process, defining product specifications with potential customers, and advancing permitting in partnership with the local First Nation community. The company plans to file a detailed technical report within 45 days and aims to proceed to a Pre-Feasibility Study, subject to financing and further work. The PEA includes inferred mineral resources, and readers are cautioned that these are speculative and may not be converted to reserves.