There’s a new company headed for Wall Street. And they’re aiming to change the future of the supply chain of high purity minerals and strategic metals.
What’s happening:
- United Arab Emirates based strategic metals platform Miotal has entered into a business combination with Fifth Era Acquisition Corp I (NASDAQ: FERA) to become a publicly traded company
By the numbers:
- Fifth Era Acquisition Corp I previously raised roughly $230M USD in their initial public offering
Why it matters:
- Miotal owns one of the largest known consolidated inventories of high purity, strategic metals that are processed and certified including ultrafine copper powder, ultrafine nickel wire and rare earth elements
Going deeper:
- All of the metals and minerals that have been assembled by Miotal have undergone independent laboratory testing for purification and quality and are held in secure storage until they are scheduled to be delivered
- Miotal has publicly stated they are in negotiations with multiple countries and large companies throughout Asia, the Middle East and North America to structure long term supply agreements
