SmartKem Inc. provided an update on its proposed transaction with Carbonium Core, Inc., a U.S.-based advanced materials company. The update notes that Carbonium Core has received state-level support for its proposed nuclear graphite manufacturing unit in Tennessee. If completed, the transaction would combine SmartKem’s expertise in advanced materials with Carbonium Core’s vertically integrated platform for producing nuclear-grade graphite, a material critical for next-generation nuclear reactor technologies. The initiative aims to establish a fully domestic supply chain for nuclear graphite, supporting U.S. energy security and leveraging Tennessee’s industrial infrastructure. Completion of the transaction remains subject to satisfactory due diligence, execution of definitive agreements, receipt of required approvals, and customary closing conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SmartKem Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW1001162721-en) on February 03, 2026, and is solely responsible for the information contained therein.