Smartkem announces Carbonium Core received state-level support for unit

Smartkem (SMTK) announced that Carbonium Core, with whom Smartkem recently announced a non-binding letter of intent, has received state-level support for its proposed nuclear graphite manufacturing unit. “We welcome the strong support from Tennessee leadership for Carbonium Core’s planned nuclear graphite manufacturing presence in the state,” said Ian Jenks, Chief Executive Officer of Smartkem. “If completed, the proposed transaction would bring together Carbonium Core’s vertically integrated nuclear graphite capabilities with Smartkem’s advanced materials and process innovation to help establish a secure, domestic supply chain for a material that is critical to the future of nuclear energy.”