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Agreement signedPublished 3 Aug 2026

SmartKem, Inc. /
Ferrox Critical Minerals, Ltd.

SmartKem agrees to acquire Ferrox Critical Minerals in an all-stock deal

Buy side: SmartKem, Inc.
Buy sideSmartKem, Inc.
Target: Ferrox Critical Minerals, Ltd.
TargetFerrox Critical Minerals, Ltd.
SmartKem, Inc. · 3 Aug 2026Source
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Follow SmartKem, Inc. Follow Ferrox Critical Minerals, Ltd.
Buy side: SmartKem, Inc.
Buy sideSmartKem, Inc.
Target: Ferrox Critical Minerals, Ltd.
TargetFerrox Critical Minerals, Ltd.
01 / BuyerSmartKem, Inc.
02 / TargetFerrox Critical Minerals, Ltd.
Source for the buyer and target: SmartKem, Inc.

For the buyer and target.

“On August 3, 2026, SmartKem, Inc., a Delaware corporation (the “Company”) entered into a Business Combination Agreement (the “Business Combination Agreement”), as unanimously approved by the Board, by and among the Company, SMTK Merger Sub Inc., a company incorporated under the laws of the British Virgin Islands and a wholly-owned subsidiary of the Company (“Merger Sub”), and Ferrox Critical Minerals, Ltd., a company registered under the laws of the British Virgin Islands (“Ferrox”).”

Published 3 Aug 2026

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01

What happened

SmartKem, Inc. agreed to acquire Ferrox Critical Minerals, Ltd. in an all-stock transaction with an aggregate purchase price of approximately $125 million. [01]

The transaction is subject to customary closing conditions, including approval by the companies’ stockholders and shareholders. [01]

02

The source

Everything on this page comes from the source below, quoted word for word.

01
Source · SmartKem, Inc.

SmartKem agrees to acquire Ferrox Critical Minerals in an all-stock deal

This document is the source for the companies, stage, figure and people on this page.

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03

Timeline

Every date the source states, in order, each with the words it comes from. Anything marked ahead is a target the source gives, not something that has happened.

  1. Published by SmartKem, Inc.

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Deal Web

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This dealSmartKem, Inc. / Ferrox Critical Minerals, Ltd.Agreement signed · Published 3 Aug 2026
BuyerSmartKem, Inc.TargetFerrox Critical Minerals, Ltd.
This dealSmartKem, Inc. / Ferrox Critical Minerals, Ltd.

Agreement signed · SmartKem, Inc. agreed to acquire Ferrox Critical Minerals, Ltd. (Agreement signed, published 3 Aug 2026).

Published 3 Aug 2026
Timeline
  1. Published by SmartKem, Inc.
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