Zentek updates director nominees for upcoming annual meeting

GUELPH, Ontario - Zentek Ltd. (NASDAQ:ZTEK)(TSXV:ZEN), a technology company with a market capitalization of $91 million, announced Wednesday it has updated its slate of director nominees for its annual general and special meeting scheduled for September 25, 2025. The company’s stock, currently trading at $0.89, has seen its price decline significantly over the past three months, according to InvestingPro data.

The intellectual property technology company will now present four independent directors for election: current Chair Eric Wallman, current board member John Snisarenko, and two new nominees - Matt Fontes and Pete Gettinby. Three current directors - Ilse Treurnicht, Lisa Sim and Wendy Ford - will not stand for re-election. These board changes come as the company operates with a moderate level of debt and maintains a current ratio of 1.62, indicating adequate liquidity.

Fontes, 40, is a Project Manager and Partner at Catalyst Custom Modular in British Columbia, specializing in prefabricated modules. He currently owns 53,234 common shares of Zentek, representing approximately 0.05% of the company.

Gettinby, 42, is the former Director of International Development at RSK Environment Limited, with experience in renewable energy across the Middle East, Africa, Asia and the UK. He does not currently own shares in Zentek.

The company also announced a change in meeting location to the office of Norton Rose Fulbright Canada LLP in Toronto. Shareholders who previously received a white proxy form must disregard it and use the new blue form being provided with the supplement to the original meeting circular.

Zentek develops and commercializes intellectual property technology, including its patented ZenGUARD platform, which the company states enhances viral filtration efficiency for surgical masks and HVAC systems. The company operates a production facility in Guelph, Ontario.

The information in this article is based on a press release statement from Zentek.

In other recent news, Zentek Ltd. announced significant leadership changes. Greg Fenton has resigned as CEO and board member to lead Altek Advanced Materials Inc. as its full-time CEO. This transition is immediate, and Fenton holds more than a 50% equity interest in Altek. Wendy Ford, Zentek’s CFO, will serve as interim CEO while the company searches for Fenton’s permanent replacement. Additionally, Zentek revealed that Fenton’s consulting contract will not be renewed after it expires on March 31, 2026. This decision aligns with the company’s strategic shift from research and development to commercialization. The current executive team will continue to manage operations during the search for a new CEO. These developments indicate a significant transition period for Zentek.

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