Arcadium Lithium plc

ALTM

Market cap $6.29B

PHILADELPHIA and PERTH, Australia , March 6, 2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, announced that the previously announced acquisition by Rio Tinto has been completed. The completion of the acquisition constitutes a Make-Whole Fundamental Change for the 4.125% Convertible Senior Notes due 2025 issued by Livent Corporation, a wholly owned subsidiary of Arcadium Lithium.

Rio Tinto Ltd has firmed up completion of its acquisition of Arcadium Lithium and said $1.8 billion will be spent on extending the Brockman iron ore mine in Western Australia. Arcadium had been taken over for $6.7 billion following court approval, Rio said on Thursday, leaving shareholders set to receive $5.85 a share each.

LONDON--(BUSINESS WIRE)--Rio Tinto has completed its acquisition of Arcadium Lithium plc (“Arcadium Lithium”) (NYSE: ALTM) (ASX: LTM) for $6.7 billion, following the sanctioning of the Scheme of Arrangement by the Royal Court of Jersey on 5 March. Rio Tinto is now the ultimate parent company of Arcadium Lithium, which will become Rio Tinto Lithium, and will also include the Rincon lithium project. The acquisition establishes Rio Tinto as a global leader in the supply of energy transition materi.

Arcadium (ALTM) came out with quarterly earnings of $0.01 per share, missing the Zacks Consensus Estimate of $0.04 per share. This compares to earnings of $0.34 per share a year ago.

NEW YORK , Feb. 27, 2025 /PRNewswire/ -- Entegris Inc. (NASD: ENTG) will replace Arcadium Lithium plc (NYSE: ALTM) in the S&P MidCap 400 effective prior to the opening of trading on Thursday, March 6. Rio Tinto plc (ASX: RIO) is acquiring Arcadium Lithium in a deal expected to be completed soon, pending final closing conditions.

PHILADELPHIA and PERTH, Australia , Feb. 27, 2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium" or the "Company") today reported results for the fourth quarter and full year of 2024. As a result of its pending acquisition by Rio Tinto, announced on October 9, 2024 (the "Transaction"), and as is customary during such transactions, Arcadium Lithium will not hold an earnings conference call in connection with its fourth quarter and full year financial results.

Becomes first operation in Argentina to be audited against the world's only equally governed mining standard Becomes first operation in Argentina to be audited against the world's only equally governed mining standard

PHILADELPHIA and PERTH, Australia , Feb. 13, 2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium"), a leading global lithium chemicals producer, has now received all required pre-closing regulatory approvals in connection with the proposed acquisition of Arcadium Lithium by Rio Tinto (the "Transaction" previously announced on October 9, 2024).  This includes merger control clearance being 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), as well as investment screening approval being satisfied in Australia, Canada, Italy, the United Kingdom and the United States (CFIUS).

PHILADELPHIA and PERTH, Australia , Feb. 6, 2025 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today announced it will release fourth quarter and full year 2024 earnings results on Thursday, February 27, 2025, after stock market close via PR Newswire and the company's investor relations website at: https://ir.arcadiumlithium.com. As a result of its pending acquisition by Rio Tinto, and as is customary during such transactions, Arcadium Lithium will not hold an earnings conference call in connection with its fourth quarter financial results.

Anglo-Australian mining giant Rio Tinto , plans to create a standalone lithium division after it closes its $6.7 billion acquisition of Arcadium Lithium , according to an internal memo seen by Reuters.