• Zentek closed a fully subscribed brokered private placement raising gross proceeds of C$18 million, including the full exercise of the agent’s option.
• Sold 18,000,000 units at C$1 each; each unit includes one common share, one warrant exercisable at C$1.5 until May 27, 2029.
• Net proceeds earmarked for Albany Graphite development work, ZenGUARD commercialization, payment obligations, working capital.
• Red Cloud received a cash fee of C$1.2 million, issued 1,197,360 broker warrants exercisable at C$1 until May 27, 2029.
• Insiders bought 695,000 units; final TSX Venture Exchange approval remains outstanding.

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: 202605270909NEWSFILECNPR____20260527_299042_1) on May 27, 2026, and is solely responsible for the information contained therein.