Arcadium Lithium Completes Regulatory Approvals for Rio Tinto Acquisition and Sets Court Hearing Date

Arcadium Lithium Secures All Regulatory Approvals

Arcadium Lithium plc, a prominent name in the lithium chemicals sector, has made significant progress towards its acquisition by the global mining giant Rio Tinto. The firm announced that it has successfully obtained all required regulatory approvals necessary for this transaction, marking a pivotal step forward in what has been a closely watched development in the lithium market.

The acquisition, which was originally announced on October 9, 2024, has seen Arcadium receive necessary mergers control clearances in key markets including Australia, Canada, China, Japan, South Korea, the United Kingdom, and the United States, fulfilling requirements under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Additionally, the firm has satisfied investment screening approvals in various jurisdictions, showcasing its solid standing in navigating regulatory landscapes across the globe.

With these clearances in hand, Arcadium Lithium is now preparing for its next step: the court hearing, which is set for March 5, 2025, at 5:00 AM EST. During this significant event, the Royal Court of Jersey will address Arcadium's application for the sanctioning of its scheme of arrangement in accordance with the Companies (Jersey) Law 1991. The completion of the transaction is anticipated shortly after this hearing, expected on March 6, 2025.

Shareholders of Arcadium Lithium are encouraged to participate in the upcoming court hearing. They can either attend in person, accompanied by a Jersey advocate, or submit written statements regarding their stance on the scheme. The court's location is the Royal Court House in St Helier, Jersey, illustrating the judicial backdrop of this corporate maneuver.

In alignment with regulatory compliance and completion of the acquisition, both Arcadium's shares and CHESS Depositary Receipts (CDIs) will be delisted from the New York Stock Exchange (NYSE) and the Australian Securities Exchange (ASX), respectively. This indicates the transitional phase the company will undergo as it integrates with Rio Tinto.

A New Era for Arcadium Lithium

As a leading player in lithium production, Arcadium Lithium is dedicated to enhancing the sustainable transition towards clean energy. The acquisition by Rio Tinto is expected to propel its capabilities in lithium extraction and innovations in green technology. By combining forces, the partnership signifies a commitment to yield more resilient operations that not only prioritize profit but also benefit the planet through advancements in renewable energy and electric transportation.

As efforts continue to address the global demand for lithium—essential for batteries in electric vehicles and renewable energy storage—this acquisition stands to fortify Arcadium Lithium's position in the market, augmenting its potential for technological advancements and expansion.

Dedicated to responsibly harnessing lithium, Arcadium is vertically integrated with a portfolio that spans across lithium extraction processes, showcasing leading capabilities from hard-rock mining to direct lithium extraction (DLE) technologies. Its global operations across multiple countries, including Argentina, Australia, Canada, China, Japan, the UK, and the US, are indicative of its expansive footprint in this critical industry.

Looking Ahead

As the date of the court hearing approaches, anticipation builds within investor circles and stakeholder communities. The successful completion of this acquisition could change the landscape of lithium production and supply chain dynamics significantly. With plans laid out and the necessary approvals secured, Arcadium Lithium is poised for a bright future under the auspices of Rio Tinto, with shared goals aligned towards innovation and sustainability in the energy sector.

For further updates and detailed information, stakeholders are encouraged to visit the Arcadium Lithium investor relations page at ir.arcadiumlithium.com. This collaborative journey towards a sustainable future is one to watch, as it unfolds amidst a backdrop of evolving industry standards and global energy transitions.