Arcadium Lithium Issues Regulatory Update and Announces Shareholder Approval of Rio Tinto Transaction

Asian Aussie Business | Perth, Australia and Philadelphia, Pennsylvania — NYSE: ALTM, ASX: LTM, “Arcadium Lithium, a prominent producer of lithium compounds on a global scale, has now announced that it has secured all necessary shareholder approvals for the takeover proposal by Rio Tinto.

Shareholders’ approval today validates our hope that, along with Rio Tinto, we can become the world’s preeminent producer of lithium compounds. Our combined strengths allow us to better support the clean energy transition through the development and operation of our assets. The president and chief executive officer of Arcadium Lithium, Paul Graves, expressed his excitement about the future and added that the company is certain that this acquisition would benefit their customers, workers, and the communities where they operate.

Both the Securities and Exchange Commission (SEC) and https://ir.arcadiumlithium.com will have access to the final tally from Arcadium Lithium’s special meetings.

Update on Regulations

At the time of this release, the Hart-Scott-Rodino Antitrust Improvements Act of 1976 had been satisfied or waived in the United States, Canada, China, and Australia. The UK has also fulfilled its investment screening requirements.

Subject to the receipt of all necessary regulatory clearances and other closing conditions, the proposed deal is still projected to close in mid-2025.

Lithium Arcadium Contacts

Investors can reach Daniel Rosen at daniel.rosen@arcadiumlithium.com or by calling +1 215 299 6208.

Contact Phoebe Lee at phoebe.lee@arcadiumlithium.com or +1 413 557 780.

Reach Karen Vizental at +54 9 114 414 4702 or karen.vizental@arcadiumlithium.com for media enquiries.

Arcadium Lithium-Related
Arcadium Lithium is an industry-leading producer of lithium compounds with a mission to sustainably use lithium’s potential for positive social impact and environmental sustainability. By working together with our clients, we can propel innovation and create a greener future where lithium opens up new opportunities in renewable energy, electric mobility, and contemporary living. Arcadium Lithium is a vertically integrated company that has first-rate skills in the production of lithium compounds for use in high-performance applications, as well as in the extraction of lithium from hard-rock mining, traditional brine, and direct lithium extraction (DLE). Argentine, Australian, Canadian, Chinese, Japanese, British, and American facilities and projects are part of our global business. To get more details, you can check out our website at www.ArcadiumLithium.com.

Critical Details and Legal Notice:
Statement Regarding the Application of the Private Securities Litigation Reform Act of 1995 Safety Measures: Some of the claims made in this press release are predictions about the future. For the purposes of the Private Securities Litigation Reform Act of 1995, we have, in certain instances, determined that statements containing the words or phrases “will likely result,” “is confident that,” “expect,” “expects,” “should,” “could,” “may,” “will continue to,” “believe,” “believes,” “anticipates,” “predicts,” “forecasts,” “estimates,” “projects,” “potential,” “intends,” or variations thereof, are considered forward-looking statements. All information that is currently known to us about future events, business conditions, and Arcadium Lithium’s forecast is based on our current opinions and assumptions, which in turn constitute these forward-looking statements. 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 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; risks and uncertainties inherent to the transaction, such as high transaction costs, unexpected factors or events that could drive up the cost of the transaction, or any event, change, or circumstance that could lead to the termination of the transaction, including situations where Arcadium Lithium would have 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 2023 Form 10-K filed with the SEC on February 29, 2024, as well as Arcadium Lithium’s other SEC filings and public communications. Arcadium Lithium does not promise any specific outcome, amount of activity, performance, or accomplishment in the future, even though it thinks the expectations expressed in the forward-looking statements are realistic. Additionally, no one, including Arcadium Lithium, is liable for the fullness or accuracy of these forward-looking statements. After the date of this news release, Arcadium Lithium is not obligated to alter any of these forward-looking statements to reflect actual results or revised expectations.

See the logo at https://mma.prnasia.com/media2/2310012/Arcadium_Lithium_Horizontal_Logo.jpg?p=medium600 to the right.

Source: Arcadium Lithium PLC