SmartKem is trading 5.26% up now at $0.16 after investors continued weighing the August 3 announcement of a $125 million all-stock business combination with Ferrox Critical Minerals.
- The transaction would give SmartKem exposure to Ferrox’s Tivani critical-minerals project in South Africa and involve newly created SmartKem shares issued to Ferrox shareholders.
- Broader risk-on sentiment after weak U.S. jobs data may also support the move, but the merger is the clearest catalyst.