on Zentek Ltd. (NASDAQ:ZTEK)
Zentek Announces CEO Resignation and New US-Based Venture
Zentek Ltd. has announced the resignation of CEO Greg Fenton, effective immediately. Fenton will lead Altek Advanced Materials Inc., a Nevada-based company focusing on advanced material technologies. He owns more than 50% equity in Altek.
Zentek has entered a non-exclusive licensing agreement with Altek to accelerate commercialization of its technologies, including ZenGUARD™. Altek will manufacture and commercialize in the US, with royalties between 5% and 8% of net sales.
Fenton's departure marks his significant contributions to Zentek's nanotechnology development. He will continue supporting Zentek as a member of the Advisory Board. Wendy Ford, CFO, will be interim CEO as the Board searches for a permanent replacement.
R. E.
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