SmartKem is trading 8.6% up at $0.18 as investors react to its recently announced $125 million all-stock merger to acquire Ferrox Critical Minerals.
- The acquisition secures the Tivani iron, titanium, and vanadium project located in South Africa.
- The move coincides with a strong semiconductor sector rally, with chip stocks gaining nearly 5%.
- Broader risk-on sentiment in U.S. markets is providing additional tailwinds for smaller, speculative names like SmartKem.