PHILADELPHIA and
PERTH, Australia,
Jan. 8,
2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE:
ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium
chemicals producer, announced that the Committee on Foreign
Investment in the United States
(CFIUS) has concluded its review of the proposed acquisition of
Arcadium Lithium by Rio Tinto (previously announced on October 9, 2024) and determined that there are no
unresolved national security concerns.
As of this release, merger control clearance has
been satisfied or waived in Australia, Canada, China, Japan,
South Korea, the United Kingdom and the United States (Hart-Scott-Rodino Antitrust
Improvements Act of 1976). Additionally, investment screening
approval has been satisfied in the United
Kingdom.
The transaction remains subject to investment
screening approvals in Australia,
Canada and Italy, as well as other customary closing
conditions.
Arcadium Lithium expects the proposed transaction
to close before mid-2025.
For more information, please visit:
https://ir.arcadiumlithium.com.
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
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 2023 Form 10-K filed with the 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