Smartkem (NASDAQ: SMTK) welcomed an announcement from proposed merger partner Ferrox Critical Materials that Ferrox is advancing an accelerated development program for the Tivani Project in Limpopo, South Africa, targeting a working demonstration-scale processing circuit during the fourth quarter of 2026. The revised pathway combines on-site ore preparation and wash-plant infrastructure with a toll-milling arrangement with a local South African operator, with the demonstration program targeting an ilmenite concentrate grading approximately 56% TiO2 and a magnetite concentrate grading approximately 62% Fe, subject to commissioning, metallurgical performance and final operating parameters.
Ferrox is advancing construction of a wash plant and related site preparation at Tivani while also issuing a purchase order to Sound Mining to optimize the project open-pit mine plan, including mining sequences and production scheduling. Ferrox said the accelerated demonstration program is intended to establish operating data, product quality and initial sales capability ahead of a larger permanent processing build-out, providing a potential bridge from the current development phase to larger-scale modular production.
To view the full press release, visit https://ibn.fm/vlPbF
About Smartkem, Inc.
Smartkem develops and manufactures custom electronic materials designed to enable the next generation of electronics. Our advanced TRUFLEX materials integrate into existing manufacturing processes, supporting efficient, scalable production and high-performance outcomes across a broad range of electronic applications. We combine materials science expertise with practical engineering to deliver tailored solutions for partners seeking to innovate in electronics.
For more information, visit https://www.smartkem.com/
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