PHILADELPHIA and PERTH, Australia, May 10, 2024
/CNW/ -- Arcadium Lithium plc (NYSE: ALTM) (ASX: LTM), "Arcadium
Lithium" or "the Company") today announced that it has applied to
the Autorité des marchés financiers, as principal regulator, and
the Ontario Securities Commission, (collectively, the "Canadian
Securities Regulatory Authorities") for an order (the "Order
Sought") to cease to be a reporting issuer in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Québec, New
Brunswick, Nova Scotia,
Prince Edward Island and
Newfoundland and Labrador, Canada (collectively, the
"Jurisdictions").
The Company has made this application following the completion
of the merger of equals transaction between Allkem Limited and
Livent Corporation that resulted in the creation of the Company.
If the Canadian Securities Regulatory Authorities grant the
Order Sought, the Company will cease to be a reporting issuer in
the Jurisdictions. As a result, the Company will no longer be
required to file financial statements and other continuous
disclosure documents in Canada
pursuant to Canadian securities laws.
A decision by the Canadian Securities Regulatory Authorities to
permit the Company to cease to be a reporting issuer in
Canada will not affect the
Company's listings on the New York Stock Exchange (the
"NYSE") or the Australian Securities Exchange ("ASX"
and together with the NYSE, the "Foreign Exchanges") or its
reporting obligations in the United
States or Australia.
In this regard, Canadian resident securityholders will continue
to have access to all financial statements and other continuous
disclosure documents required to be filed publicly by the Company
under United States and Australian
securities laws and the rules of the Foreign Exchanges.
Continuous disclosure documents of the Company as required by
United States and Australian
securities laws and the rules of the Foreign Exchanges are
available at: https://www.sec.gov/edgar/search-and-access and
the website of the ASX at www.asx.com.au (and in relation to
certain periodic reporting, through the Australian Securities and
Investment Commission at www.asic.gov.au),
respectively, and on the investor relations section of the
Company's website at https://ir.arcadiumlithium.com/.
The Company's securityholders resident in Canada will continue to receive copies of the
continuous disclosure documents that are required to be delivered
to securityholders in the United
States and Australia, in
the same manner and at the same time as are required under the
applicable securities laws of the United
States and Australia as
well as the rules of the Foreign Exchanges.
Arcadium Lithium Contacts
Investors:
Daniel Rosen
+1 215 299 6208
daniel.rosen@livent.com
Phoebe Lee +61 413 557 780
phoebe.lee@allkem.co
Media:
Karen Vizental
+54 9 114 414 4702
karen.vizental@allkem.co
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.
Cautionary Note and Forward-Looking Information
This press release contains forward-looking information within
the meaning of applicable Australian, Canadian and US securities
legislation. Forward-looking information relates to future events
or the anticipated performance of the Company and reflects
management's expectations or beliefs regarding such future events.
In certain cases, statements that contain forward-looking
information can be identified by the use of words such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates",
"forecasts", "intends", "anticipates", "believes" or variations of
such words and phrases or statements that certain actions, events
or results "may", "could", "would", "might", or "will be taken",
"occur" or "be achieved" or the negative of these words or
comparable terminology. Forward-looking information in this press
release includes statements with respect to the possible granting
of the Order Sought and, if the Order Sought is obtained, the
availability of the Company's financial statements and continuous
disclosure materials to Canadian resident securityholders. By its
very nature forward-looking information involves known and unknown
risks, uncertainties and other factors that may cause actual
performance of the Company to be materially different from any
anticipated performance expressed or implied by such
forward-looking information.
Forward-looking information is subject to a variety of risks and
uncertainties, which could cause actual events or results to differ
from those reflected in the forward-looking information, including,
without limitation, the risks described under the heading "Risk
Factors" in Arcadium Lithium's Form 10-K filed with the Securities
and Exchange Commission "SEC") on February 29, 2024, and other risks identified in
the Company's filings with the SEC as well as the Australian and
Canadian securities regulators, which filings are available on
EDGAR at https://www.sec.gov/edgar/search-and-access, the ASX at
https://www.asx.com.au/ and SEDAR+ at www.sedarplus.ca,
respectively.
The risk factors referred to above are not an exhaustive list of
the factors that may affect any of the Company's forward-looking
information. Forward-looking information includes statements about
the future and is inherently uncertain, and the Company's actual
achievements or other future events or conditions may differ
materially from those reflected in the forward-looking information
due to a variety of risks, uncertainties and other factors. The
Company's statements containing forward-looking information are
based on the beliefs, expectations, and opinions of management on
the date the statements are made, and the Company does not assume
any obligation to update such forward-looking information if
circumstances or management's beliefs, expectations or opinions
should change, other than as required by applicable law. For the
reasons set forth above, one should not place undue reliance on
forward-looking information.
SOURCE Arcadium Lithium PLC