Zentek Ltd. Engages ICP Securities Inc. for Automated Market Making Services
Zentek Ltd. has engaged ICP Securities Inc. to provide automated market-making services, utilizing ICP's proprietary ICP Premium® algorithm. This engagement, effective April 1, 2026, is for an initial four-month term with automatic one-month renewals unless terminated with 30 days' notice. ICP will receive a monthly fee of C$7,500 plus applicable taxes. The agreement does not include performance factors or stock options. ICP and its clients may acquire Zentek shares in the future. ICP is an arm's length party to Zentek. The market-making activities aim to correct temporary supply and demand imbalances for Zentek's shares. ICP will cover its own operational costs. Zentek CEO, Mohammed (Moe) Jiwan, stated that the engagement is intended to ensure more orderly and efficient trading of the company's shares as Zentek advances toward important milestones. ICP Securities Inc. is a Toronto-based CIRO dealer-member specializing in automated market making and liquidity provision.