| Zentek Subsidiary Albany Graphite Achieves Additional 5N Purification Result and Nuclear Graphite EBC Requirements 
 ca.finance.yahoo.com
 
 Zentek Ltd.
 Mon, September 22, 2025 at 5:35 a.m. PDT 10 min read GUELPH, ON /  ACCESS Newswire / September 22, 2025 / Zentek Ltd. ("Zentek" or the "Company")  (NASDAQ:ZTEK)(TSXV:ZEN), an intellectual property technology  development and commercialization company, is pleased to share an update  from its wholly owned subsidiary, Albany Graphite Corp. ("AGC") on its  Critical Minerals Innovation Fund ("CMIF") grant-funded activities. AGC  in collaboration with American Energy Technologies Company ("AETC"), has  successfully purified a second batch of Albany graphite deposit  flotation concentrate to an ultra-high 5N purity level of 99.9992 wt.%  C. Subsequent elemental analysis of this material yielded a calculated  Equivalent Boron Concentration ("EBC") of 2.60 ppm which is below the 3  ppm specification required by the nuclear industry. The findings  indicate that the electrothermal Fluidized Bed Reactor ("FBR")  purification process developed by AETC has the potential to produce  reproducible results, and that ultra-high purity Albany Graphite could  be suitable for use in the nuclear energy industry; a field  traditionally dominated by synthetic graphite.
 
 
 
 Highlights
 
 
 AETC  successfully purified a second batch of Albany graphite to an  ultra-high 5N purity level (99.9992 wt.% C), indicating potential  reproducibility and suitability for nuclear applications. These results  are helping to establish Albany graphite as a rare natural material able  to reach the stringent purity required for nuclear applications,  traditionally a domain reserved for synthetic graphite.
 
Elemental  analysis yielded a calculated EBC of 2.60 ppm, which is below the 3 ppm  specification required by the nuclear industry. Achieving this low EBC  is crucial, as it ensures the graphite's suitability for safe, reliable  use in nuclear reactors, where boron contamination and other elemental  contamination can impact reactor performance.
 
The  FBR purification process developed by AETC achieved consistent results  without the use of halogen gases. This is significant because  halogen-free processing reduces costs, environmental risks and  operational hazards, offering a cleaner and safer route to high-purity  graphite.
 
Ongoing  nuclear graphite testing includes measurements of particle size  distribution, compressibility, resistivity, and coefficient of friction,  along with the production and assessment of near-net-shaped graphite  bricks for reactor lining applications. These efforts are important as  they ensure that Albany graphite not only meets chemical specifications  but also performs reliably in real-world reactor environments.
 
Additional  testing will also evaluate Albany graphite's suitability for  lithium-ion battery anodes and as a cathode conductivity additive,  supporting further advancement in nuclear and battery-grade graphite  materials. This versatility is unique, positioning Albany graphite as a  promising candidate for multiple high-growth, high-purity markets.
 
 The  thermal purification was conducted at AETC's Wheeling, IL facility  utilizing a batch-scale electrothermal FBR at 2,800°C and under an inert  gas atmosphere without the use of halogen gases. The EBC value was  calculated according to ASTM C1233-15: Standard Practice for Determining  Equivalent Boron Contents of Nuclear Materials and was further  customized to the present-day industrial application based on AETC's  knowledge of the current specification that is required by an  operational nuclear plant. The calculated EBC value is the most critical  test of purity for nuclear industry use.
 
 These  results align with increased investment in nuclear energy. In Canada,  Ontario is constructing a grid-scale Small Modular Reactor ("SMR") at  the Darlington site, which marks a step toward clean energy production.  Additionally, Prime Minister Carney recently unveiled a list of five  ‘nation-building' projects, which included a significant investment in  Darlington's New Nuclear SMR Project in Clarington, Ontario.
 
 Similarly,  the United States and other countries have prioritized expanding  domestic nuclear energy capacity and further highlights the importance  of nuclear-grade graphite. 1 2 3
 
 Next Steps
 Additional  downstream processing and material characterization is in progress and  will involve the following measurements to confirm that additional  nuclear specifications are met:
 
 
 Test  work will also involve the production of near-net-shaped graphite  bricks using a mixture of synthetic graphite, ultra-high purity Albany  graphite and coal-tar pitch. These solid shapes are typically used to  line nuclear reactors. Upon the successful production of the test  bricks, AETC will characterize the properties of the composite to  confirm that nuclear industry specifications have been achieved.Air Jet Sieve Yield: Meeting a specified particle size distribution and D50 is an important requirement.
 
Compressibility:  Achieving a high compact density along with a low elastic expansion is  desirable for matrix graphite powder used in the nuclear industry.
 
Four-Point  Resistivity: Provides an indication of the degree of graphitization of  the graphite powder and is a critical test for graphite used in  pebble-bed reactors. A low resistivity and therefore a high degree of  graphitization is desirable.
 
Coefficient of Friction ("CoF"): A low CoF is desirable for lubricants.
 
 
 AETC  will also be performing a lithium-ion battery suitability testing  program which will involve spheroidization, coating and subsequent coin  cell tests to characterize the electrochemical performance of Albany  anode material. Spheroidization fines will also be processed and tested  as a cathode conductivity additive. Results will be shared as the  testwork evolves and they become available.
 
 Emily  Schmidt, project manager and business development representative at  AETC was quoted as saying, "AETC is very excited about the successful  confirmation that Albany graphite material can be upgraded to nuclear  purity graphite without the use of halogen gas in processing. Meeting 5N  purity is a necessary but insufficient condition for qualifying  graphite for nuclear applications. One needs to also achieve a stringent  specification on EBC which in the case of Albany natural graphite  material was demonstrated to be at the level of 2.60 ppm compared to the  industry spec of 3 ppm. Albany graphite has the potential of being used  in market segments of fuel encapsulation, reactor linings, and  specialty uses within nuclear plants that include lubrication, repair  and maintenance, and other critical needs that support the operation of  the plant. Work is currently ongoing on qualifying material from the  Albany graphite natural resource in some of these market segments."
 
 Eric  Wallman, Board Chair of Zentek, commented: "This is an exciting  development as we continue to gather information on the potential of the  Albany project. The ability to consistently reach ultra-high purity and  meet strict nuclear specifications is a promising sign for both the  graphite industry, the potential value of the Albany Graphite Deposit  and Zentek's ongoing commitment to innovation. This milestone not only  demonstrates the quality and versatility of Albany graphite but also  showcases the strength of our partnerships and the dedication of our  team. As we move forward, I am eager to see how these results open new  doors for technological advancement, sustainability, and global  competitiveness. We remain committed to supporting rigorous testing and  further development to ensure our products meet the highest standards of  excellence."
 
 Mr.  Peter Wood, P.Eng., P.Geo., Vice President, Development of AGC, a  "Qualified Person" under NI 43-101, has approved the technical  information contained in this news release.
 
 Overview of the Albany Graphite Project
 The  Albany Graphite Project, is a unique igneous-hosted, fluid-derived  graphite deposit, located in Ontario and has been developed to an  advanced exploration stage. The project is located northwest of the  communities of Constance Lake First Nation and Hearst, Ontario, within  30 km of the Trans-Canada Highway, close to established infrastructure  including roads, rail, power transmission lines, and a natural gas  pipeline.
 
 About the Ontario Critical Minerals Innovation Fund ("CMIF") Program
 The  CMIF is dedicated to building a stronger Ontario by supporting the  mining industry through research, development, and the commercialization  of innovative technologies, processes, and solutions for the critical  minerals supply chain. Part of the government's Critical Minerals  Strategy, the CMIF aims to establish a made-in-Ontario supply chain that  meets the growing global demand for critical minerals essential for  manufacturing technologies like batteries and electric vehicles.
 
 "We're  not just leading-we're accelerating Ontario's role in critical  minerals, and the Critical Minerals Innovation Fund is how we are making  it happen," said Stephen Lecce, Ontario's Minister of Energy and Mines.  "By investing in the Purification and Anode Development Project, we're  positioning Ontario as a global leader in clean energy minerals-creating  good jobs, driving economic growth, and powering the future of electric  vehicles and sustainable industries across the province."
 
 About AETC
 AETC  is a woman-owned, privately held business which conducts operations out  of the greater Chicago area. In its Wheeling, IL facility, AETC  operates three business units: a manufacturing plant making  battery-ready graphite and carbon materials, a pilot demonstration  facility for battery materials and graphite dispersions, and a fully  functional applications laboratory supporting the above business units.  Currently, AETC is one of only three organizations which commercially  manufacture lithium-ion battery-ready graphite in the United States.  Furthermore, AETC's Wheeling, IL plant is currently the only industrial  end-to-end commercial manufacturer of spherical purified surface coated  natural graphite in the US. In doing so, the company develops and  operates an upstream ore beneficiation, unique refining, particle  spheroidization, and carbon coating technologies. AETC is both  developing and producing spherical graphite (natural and synthetic),  expanded graphite, partially graphitized nanostructured carbons,  ultra-high purity graphite-based electrically conductive inks, paints,  and coatings which find use within the industry. AETC is a proud supply  chain member of electric vehicles and an approved supplier to twelve  battery manufacturers and one fuel cell producer.
 
 AETC  works with industrial partners and manufacturing groups worldwide,  including the U.S. Department of Defense, to ensure materials meet  performance standards and strategic requirements. Their facilities are  equipped for testing, downstream processing, AI-driven manufacturing,  and carbon material development, enabling AGC to tailor products to  international market specifications.
 
 About Zentek Ltd.
 Zentek  is an ISO 13485:2016 certified intellectual property technology company  focused on the research, development and commercialization of novel  products seeking to give the Company's commercial partners a competitive  advantage by making their products better, safer, and greener.
 
 Zentek's  patented technology platform ZenGUARD™ is shown to have enhanced viral  filtration efficiency for surgical masks and HVAC (heating, ventilation,  and air conditioning) systems. Zentek's ZenGUARD™ production facility  is in Guelph, Ontario
 
 Zentek  has a global exclusive license to the Aptamer-based platform technology  developed by McMaster University which is being jointly developed  Zentek and McMaster for both the diagnostic and therapeutic markets.
 
 For further information:
 investorrelations@zentek.com
 
 Ryan Shacklock
 Tel: (306) 270-9610
 Email:  rshacklock@zentek.com
 
 To find out more about Zentek, please visit our website at  www.Zentek.com. A copy of this news release and all material documents in respect of the Company may be obtained on Zentek's SEDAR profile at pr.report.
 
 Forward-Looking Statements
 This  news release contains forward-looking statements. Since forward-looking  statements address future events and conditions, by their very nature  they involve inherent risks and uncertainties. Although Zentek believes  that the assumptions and factors used in preparing the forward-looking  information in this news release are reasonable, undue reliance should  not be placed on such information, which only applies as of the date of  this news release, and no assurance can be given that such events will  occur in the disclosed time frames or at all. Zentek disclaims any  intention or obligation to update or revise any forward-looking  information, whether as a result of new information, future events or  otherwise, other than as required by law.
 
 Neither  the TSX Venture Exchange nor its Regulation Services Provider (as that  term is defined in the policies of the TSX Venture Exchange) accepts  responsibility for the adequacy or accuracy of this release.
 
 SOURCE: Zentek Ltd.
 
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