PHILADELPHIA and PERTH, Australia, March 6,
2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE:
ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium
chemicals producer, announced that the previously announced
acquisition by Rio Tinto has been completed. The completion of the
acquisition constitutes a Make-Whole Fundamental Change for the
4.125% Convertible Senior Notes due 2025 issued by Livent
Corporation, a wholly owned subsidiary of Arcadium Lithium. The
Effective Date of the Make-Whole Fundamental Change is March 6, 2025.
Arcadium Lithium Contacts
Investors:
Daniel Rosen
+1 215 299 6208
daniel.rosen@arcadiumlithium.com
Phoebe Lee +61 413 557 780
phoebe.lee@arcadiumlithium.com
Media:
Karen Vizental
+54 9 114 414 4702
karen.vizental@arcadiumlithium.com
About Arcadium Lithium
Arcadium Lithium is a leading
global lithium chemicals producer committed to safely and
responsibly harnessing the power of lithium to improve people's
lives and accelerate the transition to a clean energy future.
We collaborate with our customers to drive innovation and power a
more sustainable world in which lithium enables exciting
possibilities for renewable energy, electric transportation
and modern life. Arcadium Lithium is vertically integrated, with
industry-leading capabilities across lithium extraction processes,
including hard-rock mining, conventional brine extraction and
direct lithium extraction (DLE), and in lithium chemicals
manufacturing for high performance applications. We have operations
around the world, with facilities and projects in Argentina, Australia, Canada, China, Japan,
the United Kingdom and
the United States. For more
information, please visit us at www.ArcadiumLithium.com.
Important Information and Legal Disclaimer:
Safe
Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Certain statements in this news release are
forward-looking statements. In some cases, we have identified
forward-looking statements by such words or phrases as "will likely
result," "is confident that," "expect," "expects," "should,"
"could," "may," "will continue to," "believe," "believes,"
"anticipates," "predicts," "forecasts," "estimates," "projects,"
"potential," "intends" or similar expressions identifying
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, including the negative of
those words and phrases. Such forward-looking statements are based
on our current views and assumptions regarding future events,
future business conditions and the outlook for Arcadium Lithium
based on currently available information. There are important
factors that could cause Arcadium Lithium's actual results, level
of activity, performance or achievements to differ materially from
the results, level of activity, performance or achievements
expressed or implied by the forward-looking statements, including
the completion of the Transaction on anticipated terms and timing,
including obtaining required shareholder and regulatory approvals,
and the satisfaction of other conditions to the completion of the
Transaction; potential litigation relating to the Transaction that
could be instituted by or against Arcadium Lithium or its
affiliates, directors or officers, including the effects of any
outcomes related thereto; the risk that disruptions from the
Transaction will harm Arcadium Lithium's business, including
current plans and operations; the ability of Arcadium Lithium to
retain and hire key personnel; potential adverse reactions or
changes to business or governmental relationships resulting from
the announcement or completion of the Transaction; certain
restrictions during the pendency of the Transaction that may impact
Arcadium Lithium's ability to pursue certain business opportunities
or strategic transactions; significant transaction costs associated
with the Transaction; the possibility that the Transaction may be
more expensive to complete than anticipated, including as a result
of unexpected factors or events; the occurrence of any event,
change or other circumstance that could give rise to the
termination of the Transaction, including in circumstances
requiring Arcadium Lithium to pay a termination fee or other
expenses; competitive responses to the Transaction; the supply and
demand in the market for our products as well as pricing for
lithium and high-performance lithium compounds; our ability to
realize the anticipated benefits of the integration of the
businesses of Livent and Allkem or of any future acquisitions; our
ability to acquire or develop additional reserves that are
economically viable; the existence, availability and profitability
of mineral resources and mineral and ore reserves; the success of
our production expansion efforts, research and development efforts
and the development of our facilities; our ability to retain
existing customers; the competition that we face in our business;
the development and adoption of new battery technologies;
additional funding or capital that may be required for our
operations and expansion plans; political, financial and
operational risks that our lithium extraction and production
operations, particularly in Argentina, expose us to; physical and other
risks that our operations and suppliers are subject to; our ability
to satisfy customer qualification processes or customer or
government quality standards; global economic conditions, including
inflation, fluctuations in the price of energy and certain raw
materials; the ability of our joint ventures, affiliated entities
and contract manufacturers to operate according to their business
plans and to fulfill their obligations; severe weather events and
the effects of climate change; extensive and dynamic environmental
and other laws and regulations; our ability to obtain and comply
with required licenses, permits and other approvals; and other
factors described under the caption entitled "Risk Factors" in
Arcadium Lithium's 2024 Form 10-K filed with the SEC on
February 27, 2025, as well as
Arcadium Lithium's other SEC filings and public communications.
Although Arcadium Lithium believes the expectations reflected in
the forward-looking statements are reasonable, Arcadium Lithium
cannot guarantee future results, level of activity, performance or
achievements. Moreover, neither Arcadium Lithium nor any other
person assumes responsibility for the accuracy and completeness of
any of these forward-looking statements. Arcadium Lithium is under
no duty to update any of these forward-looking statements after the
date of this news release to conform its prior statements to actual
results or revised expectations.
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SOURCE Arcadium Lithium PLC
