SmartKem is trading $4.01 (+8.38%) following news that its proposed merger partner, Ferrox Critical Minerals, is accelerating the development program for its Tivani Project, targeting Q4 2026 demonstration production.
- This new announcement from Ferrox provides a key catalyst for today's price movement, alongside ongoing speculative interest.
- The previously completed 1-for-50 reverse stock split, effective August 20, 2026, has reduced the available float, amplifying price sensitivity and volatility.
- The proposed $125 million Ferrox Critical Minerals combination, initially announced August 3, 2026, continues to support investor interest.