PHILADELPHIA and PERTH, Australia, Aug. 2, 2024 /PRNewswire/ —

Acquisition is anticipated to handover more secure, lower price and extra sustainable procedure pathways for lithium steel manufacturing the use of numerous grades of lithium carbonate

Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, “Arcadium Lithium”) lately introduced it has received the lithium steel industry of Li-Metal Corp. (CSE: LIM) (OTCQB: LIMFF) (FSE: 5ZO).  The all-cash US$11 million acquisition comprises the highbrow attribute and bodily property alike to lithium steel manufacturing, together with a pilot manufacturing facility in Ontario, Canada. 

Key group of workers from Li-Steel’s lithium steel industry might be becoming a member of Arcadium Lithium as a part of the purchase. Maciej Jastrzebski, Li-Steel’s co-founder and Leading Era Officer, has entered right into a consulting oath with Arcadium Lithium to facilitate the switch of generation and combine the staff. 

The purchase is anticipated to enhance Arcadium Lithium’s place as a main world manufacturer of lithium steel by means of offering more secure, lower price and extra sustainable processes for lithium steel manufacturing the use of numerous grades of lithium carbonate feedstock, which the corporate produces in Argentina. Those pristine features will supplement the corporate’s current procedure applied sciences for generating lithium steel at its Bessemer Town website in North Carolina, USA, the use of concentrated lithium chloride from its Güemes facility in Salta, Argentina.   

“We are excited to welcome the team to Arcadium Lithium as we look to lead the way in developing cutting-edge lithium carbonate to lithium metal production technology.  This small but important acquisition gives us a platform to advance new and better process pathways for manufacturing lithium metal,” stated Paul Graves, president and important govt officer of Arcadium Lithium. “The ability to produce lithium metal from lithium carbonate will give us additional flexibility to utilize our vertically integrated network of assets while reducing the need for third-party lithium metal. This will further enhance the competitiveness of our butyllithium and lithium specialty chemicals business and help us create the scale needed to meet the growing demand for next generation battery materials developed from lithium metal.”     

Arcadium Lithium makes use of lithium steel to form lithium area of expertise merchandise, together with prime purity lithium steel (HPM) and LIOVIX® − a proprietary printable lithium steel system, for number one battery programs and next-generation batteries. Arcadium Lithium additionally processes lithium steel into butyllithium, impaired within the production of light-weight “green” tires amongst alternative programs, in addition to lithium area of expertise chemical compounds impaired in medication, agriculture, electronics and alternative industries.     

Arcadium Lithium Contacts

Arcadium Lithium Contacts Traders:
Daniel Rosen +1 215 299 6208
[email protected]

Phoebe Lee +61 413 557 780
[email protected]

Media:
Karen Vizental +54 9 114 414 4702
[email protected]

About Arcadium Lithium 
Arcadium Lithium is a main world lithium chemical compounds manufacturer dedicated to soundly and responsibly harnessing the ability of lithium to support folk’s lives and boost up the transition to a blank power occasion. We collaborate with our consumers to force innovation and tool a extra sustainable global through which lithium permits thrilling chances for renewable power, electrical transportation and trendy age. Arcadium Lithium is vertically built-in, with industry-leading features throughout lithium extraction processes, together with hard-rock mining, typical brine extraction and direct lithium extraction (DLE), and in lithium chemical compounds production for prime efficiency programs. Now we have operations around the globe, with amenities and tasks in Argentina, Australia, Canada, China, Japan, the United Kingdom and america. For more info, please talk over with us at www.ArcadiumLithium.com.

Remarkable Data and Felony Disclaimer:
Guard Harbor Observation beneath the Personal Securities Litigation Reform Operate of 1995: Positive statements on this information shed are forward-looking statements. In some instances, we now have recognized forward-looking statements by means of such phrases or words 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 alike expressions figuring out “forward-looking statements” throughout the that means of the Personal Securities Litigation Reform Operate of 1995, together with the unfavourable of the ones phrases and words. Such forward-looking statements are in accordance with our tide perspectives and suppositions relating to occasion occasions, occasion industry situations and the outlook for Arcadium Lithium in accordance with recently to be had knowledge. There are notable components that might purpose Arcadium Lithium’s original effects, degree of process, efficiency or achievements to range materially from the effects, degree of process, efficiency or achievements expressed or implied by means of the forward-looking statements, together with the criteria described beneath the caption entitled “Risk Factors” in Arcadium Lithium plc’s 2023 Mode 10-Ok filed with the Securities and Alternate Fee (“SEC”) on February 29, 2024, in addition to Arcadium Lithium’s alternative SEC filings and nation communications. Despite the fact that Arcadium Lithium believes the expectancies mirrored within the forward-looking statements are affordable, Arcadium Lithium can’t oath occasion effects, degree of process, efficiency or achievements. Additionally, neither Arcadium Lithium nor any alternative particular person assumes accountability for the accuracy and completeness of any of those forward-looking statements. Arcadium Lithium is beneath incorrect responsibility to replace any of those forward-looking statements upcoming the month of this information shed to adapt its prior statements to original effects or revised expectancies.

SOURCE Arcadium Lithium PLC