PHILADELPHIA and PERTH, Australia, Oct. 6, 2024
/PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM,
"Arcadium Lithium") today confirmed that it has been approached by
Rio Tinto regarding a potential acquisition of Arcadium Lithium by
Rio Tinto.
The approach is non-binding and there is no certainty that any
transaction will be agreed to or will proceed. Arcadium
Lithium will not comment further unless and until there is news to
share.
Arcadium Lithium remains focused on executing its strategic
vision and pathway to significant growth, as set forth in its
recent Investor Day presentation in September 2024.
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 strategic plans, actual
results, level of activity, performance or achievements to differ
materially from the plans, results, level of activity, performance
or achievements expressed or implied by the forward-looking
statements, including the possibility of a strategic transaction or
transactions, 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 2023 Form 10-K filed with the Securities and
Exchange Commission ("SEC") on February 29,
2024, 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