SMX announced it has begun applying its proprietary molecular‑marking technology to the silver supply chain, becoming the first company to embed a permanent, verifiable identity into a precious metal. The system injects a unique molecular signature that survives mining, refining, and recycling, enabling end‑to‑end traceability for sustainability reporting and recycled‑content verification.
The move follows SMX’s earlier deployments in gold and plastics and signals that the platform can scale to other high‑value materials. By demonstrating the technology’s durability in a metal that undergoes high‑temperature processing, SMX aims to open new revenue streams in the growing verification economy, where demand for transparent supply chains is rising among investors, regulators, and consumers.
SMX has yet to generate revenue and has posted increasing losses over the past five years, with revenue declining at an average of 85.3% per year and a negative return on equity of 301.6%. The company’s current ratio of 0.08 highlights short‑term liquidity pressure, but the conversion of $20.6 million in convertible notes in January 2026 has reduced long‑term liabilities and improved the balance sheet.
Management emphasized that the silver deployment is a strategic operational milestone that moves the company from pilot projects toward commercial contracts. “This expansion demonstrates the scalability of our platform and positions us to capture a share of the silver verification market, which is expected to grow as regulatory and ESG requirements tighten,” said SMX’s CEO.
Investors have historically reacted skeptically to SMX’s announcements, with prior positive news on December 15 2025 and January 5 2026 followed by sharp negative price movements. Analysts point to the company’s lack of revenue and persistent losses as the main headwinds, suggesting that while the technology is promising, the path to monetization remains uncertain.
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