Smartkem, Inc. and Ferrox Critical Minerals to Combine in All-Stock Merger Valuing Ferrox at $125 Million
Smartkem, Inc. announced a definitive all-stock merger agreement with Ferrox Critical Minerals, valuing Ferrox at $125 million. The merger positions Smartkem as a vertically integrated public electronics company, now sourcing critical minerals from Ferrox's Tivani project in South Africa, supporting steel, pigment, aerospace, and energy storage sup…