By Karen Roman
Miotal (SMT Holdings Limited) said it entered into a definitive business combination with Fifth Era Acquisition Corp. I (Nasdaq: FERA) to be listed on Nasdaq upon its completion.
Miotal is a strategic metals platform and owns one of the largest known consolidated inventories of high-purity strategic metals like ultrafine copper powder (6N purity), ultrafine nickel wire and rare earth metals, among others, it stated.
The combination will provide access to global capital markets and support the company’s acquisition, holding and monetization of high-purity materials, the company said.
“This transaction further strengthens Miotal’s ability to engage directly with institutional and sovereign counterparties across defense, advanced technology and industrial markets,” said Bob Stall, Miotal’s Head of Metals.
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