SmartKem welcomes Ferrox COO appointment as merger process advances
SMTK•Merger process advances with new Ferrox executive appointment
SmartKem has signed a definitive merger agreement with Ferrox Critical Materials, with closing still pending shareholder votes at both companies.
Ferrox appointed Allen Palmiere as executive director and chief operating officer, adding a public-company operator ahead of the planned combination.
Palmiere previously served as president and CEO of Gold Resource, with responsibility for corporate strategy, operations, and capital allocation.
The deal aims to pair Smartkem’s semiconductor materials platform with Ferrox’s resources and leadership as the companies work toward closing.
