Zentek Issues Shareholder Letter Outlining Strategic Reset and Focused Growth Plan

Core Insights - Zentek Ltd. has announced a strategic reset aimed at capital discipline, sharper execution, and focusing on a smaller number of core platforms with clear paths to value creation [1][4] Strategic Focus - The company will narrow its focus to three core platforms: Albany Graphite, ZenGUARD, and Triera, each with defined milestones and a 24-month roadmap [2] - Non-core initiatives are being paused or wound down to preserve capital and management focus [2] Cost Management - Actions are underway to reduce the company's cost base, including workforce and facility optimization, tighter controls on corporate spending, and a disciplined approach to capital allocation [3] - Future capital raises will be linked to specific milestones rather than open-ended development programs [3] Leadership Changes - The Chief Science Officer, Colin van der Kuur, has departed, and responsibilities have been redistributed among the existing technical leadership team [3] Commitment to Shareholder Value - The CEO emphasized that the reset is about protecting and rebuilding shareholder value, with confidence in the technical expertise and operating team to execute priorities [4] - The company will align its research and development efforts to support the three core platforms and implement new standards for transparency and reporting [4]