SRX Global Inc. (NYSE:SRXH) (the "Company", or "SRX"), an AI-enabled platform dedicated to generating long-term shareholder value through investments in high-conviction operating companies and strategic assets, today announced that its portfolio company Smartkem, Inc. (NASDAQ:SMTK), a leader in advanced materials, will merge with Ferrox Critical Minerals, strengthening its critical minerals sourcing.

The business combination will be subject to customary closing conditions, including the approval of Smartkem and Ferrox shareholders.

SRX previously announced that it acquired 4.99% of Smartkem, Inc. through a shelf take down and purchased convertible preferred securities through a non-brokered private placement.

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