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Gold/Mining/Energy : Zentek Ltd - ZEN
ZEN.V 0.990-1.0%11:29 AM EST

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From: Del Bocavista12/24/2025 9:52:04 AM
1 Recommendation

Recommended By
Steakhouse

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Dan posts a very interesting note this morning.

"The Canadian government, specifically Ontario, has been incinerating massive amounts of expired PPE—over 780 million pieces since 2021—at a taxpayer cost of $1.4 billion, according to the Auditor General’s 2025 report. The report highlights poor inventory management and long-term contracts that locked Ontario into buying far more PPE than was ever needed."

Although I cannot confirm this I strongly suspect that the unused, destroyed, and costly PPE includes supplies from Medicom's 10-year purchasing deal made by HC, and that is what, mainly, is being referred to here.

As the Medicom purchase order still has 5 years to run, it makes me wonder if the remaining production from the contract can be obviated (is there a 'get-out' clause for HC to embrace?) or if that remaining production simply has to be bought, with, thankfully, expiry dates being pushed in to 2027/8/9.

We got gas-lit with a Zentek NR -what...2 years ago, saying that the over-ordered supply was being depleted and that this very fact would create sales opportunities for our (now 4-years-approved) mask product.

We were well and truly BS-ed.
Little wonder 5xFs was fired.

It appears we are no nearer to HC purchases of our masks than we were 4 years ago.
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