<p>Zentek Ltd. has announced it received a notice of reassessment from the Canada Revenue Agency (CRA) related to its 2019 financial year. The reassessment follows an audit of the company’s 2018 and 2019 renunciations of Canadian exploration expenses (CEE) connected to flow-through share financings totaling $4.21 million. The CRA determined that approximately $199,000 of the expenses renounced in 2019 did not qualify as CEE, leading to a reclassification of these amounts and an assessment of $22,481.89 in Part XII.6 tax. Zentek is required to indemnify affected subscribers for tax attributable to the disallowed renunciations, with a maximum potential liability of $427,000. Subscribers who received reassessment notices are encouraged to contact the company for further information. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zentek Ltd. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 1105931) on November 21, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT)</p>

ZTEK

<p>Zentek Ltd. received a CRA reassessment for its 2019 financial year, disallowing $199,000 in exploration expenses, resulting in a $22,481.89 tax assessment. Zentek must indemnify subscribers for up to $427,000 due to disallowed renunciations. Subscribers are advised to contact the company for details.</p>

Zentek Hit With CRA Reassessment Over Disallowed Exploration Expenses