SmartKem, Inc. funded an additional $4.5 million bridge loan to Ferrox Critical Minerals via a convertible promissory note with 5.0% annual interest maturing January 31, 2027, earning an origination fee of $400,000. The company also completed a subsequent additional closing of its Series A preferred stock and warrants private placement, raising approximately $2.0 million in cash. SmartKem, Inc. is a company that provides investment and financing solutions for critical minerals development.
