Zentek shares surge 10.54% intraday after announcing graphite gel-based fire-retardant product and exclusive US licensing deal with Altek.

Zentek surged 10.54% intraday following the announcement of a breakthrough graphite gel-based fire-retardant product, GraphGel™, and an exclusive U.S. licensing agreement with Altek. The product demonstrated Class A fire protection in ASTM E84 testing, with flame spread indices of 5 and 25 for high and low coatings, and survived a live demonstration at 1500°C, showcasing its ability to protect structures from wildfires. Altek’s conditional exclusivity, coupled with a 5% royalty on net sales and funding for development, signals commercialization potential in a $200 billion wildfire mitigation market. The technology’s rapid deployment capability (30 minutes for a 2,500 sq ft home), eco-friendly formulation, and scalable delivery system further strengthen its market viability, aligning with heightened demand for wildfire solutions in the U.S. and Canada.