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Shares of ZenaTech Inc (ZENA) rose over 4% premarket on Friday after the company said it plans to pursue opportunities with the U.S. Department of War and Office of Strategic Capital, following The Wall Street Journal report that the Trump administration is in discussions with U.S. drone companies about new funding deals to increase domestic drone production.
ZenaTech stated that its unit, ZenaDrone, is well-positioned to support the Defense Department. The company intends to pursue opportunities aligned with the U.S. government’s goals to expand domestic production, deploy affordable and scalable autonomous systems, and bolster national security, including initiatives supported by the Office of Strategic Capital (OSC).
“These are important opportunities as the demand for more advanced technology increases,” said Shaun Passley, Chief Executive Officer at ZenaTech.
“We look forward to the opportunity to collaborate with the U.S. Defense Department and the Office of Strategic Capital toward a strategic investment intended to help us drive this technology into the future,” Paisley added.
The company also highlighted ZenaDrone’s product lineup, which included the ZenaDrone 1000, a cargo drone capable of lifting about 40 kilograms, with AI-enabled autonomy and secure communications via its proprietary Drone Net system. ZenaDrone has completed its paid trials with the U.S. Air Force and Navy Reserve.
Other platforms include the IQ Nano for indoor GPS-denied environments, the IQ Square for infrastructure inspections and defense reconnaissance, and Counter-UAS technologies at the prototype stage, including the IQ Glider and Interceptor P-1 one-way interceptor drone. The company is engaged in ongoing efforts to achieve Blue UAS alignment for U.S. defense procurement eligibility.
According to The Wall Street Journal report, the U.S. government is in talks with private drone firms about funding packages that could combine loans with government ownership stakes in selected companies.
The discussions signal a broader push to expand domestic drone production and reduce reliance on foreign suppliers, with the Office of Strategic Capital playing a central role in structuring these investments.
The talks remain in a negotiation phase, the people stated, with Pentagon dealmakers still vetting companies before locking in any final terms, as per the report.
The retail sentiment surrounding the stock has improved to ‘bullish’ from ‘neutral’ while message volumes remained ‘high’ over the past 24 hours. Retail chatter on ZENA stock rose more than 221% over the past 24 hours.
One user on Stocktwits said ZENA is positioning itself for a ‘big U.S. military drone spending wave.’
ZenaTech shares have declined by more than 45% year-to-date.
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