Arcadium Lithium Acquires Li-Metal's Lithium Metal Business to Enhance Production Capabilities and Meet Demand for Next Generation Battery Materials
Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) has acquired Li-Metal Corp.'s (CSE: LIM, OTCQB: LIMFF) lithium metal business for US$11 million in cash. The acquisition includes intellectual property, physical assets, and a pilot production facility in Ontario, Canada. Key personnel, including Li-Metal's co-founder and CTO Maciej Jastrzebski, will join Arcadium Lithium.
This move is expected to enhance Arcadium Lithium's capabilities in producing lithium metal using various grades of lithium carbonate feedstock, complementing its existing processes. The acquisition aims to provide safer, lower cost, and more sustainable pathways for lithium metal production, strengthening Arcadium Lithium's position as a leading global producer.
The company plans to utilize this technology to meet growing demand for next-generation battery materials and enhance the competitiveness of its butyllithium and lithium specialty chemicals business.
Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) ha acquisito il business del litio metallico di Li-Metal Corp. (CSE: LIM, OTCQB: LIMFF) per 11 milioni di dollari USA in contante. L'acquisizione include proprietà intellettuale, beni fisici e un impianto pilota di produzione in Ontario, Canada. Personale chiave, compreso il co-fondatore e CTO di Li-Metal, Maciej Jastrzebski, si unirà ad Arcadium Lithium.
Questa mossa è prevista per migliorare le capacità di Arcadium Lithium nella produzione di litio metallico utilizzando vari gradi di materia prima a base di carbonato di litio, complementando i suoi processi esistenti. L'acquisizione mira a fornire percorsi più sicuri, a costi inferiori e più sostenibili per la produzione di litio metallico, rafforzando la posizione di Arcadium Lithium come produttore globale leader.
L'azienda prevede di utilizzare questa tecnologia per soddisfare la crescente domanda di materiali per batterie di nuova generazione e migliorare la competitività del suo business di butyllitio e chimica specializzata del litio.
Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) ha adquirido el negocio de litio metálico de Li-Metal Corp. (CSE: LIM, OTCQB: LIMFF) por 11 millones de dólares estadounidenses en efectivo. La adquisición incluye propiedad intelectual, activos físicos y una instalación de producción piloto en Ontario, Canadá. Personal clave, incluido el cofundador y CTO de Li-Metal, Maciej Jastrzebski, se unirá a Arcadium Lithium.
Se espera que este movimiento mejore las capacidades de Arcadium Lithium en la producción de litio metálico utilizando varios grados de materia prima de carbonato de litio, complementando sus procesos existentes. La adquisición tiene como objetivo proporcionar vías más seguras, de menor costo y más sostenibles para la producción de litio metálico, fortaleciendo la posición de Arcadium Lithium como productor global líder.
La empresa planea utilizar esta tecnología para satisfacer la creciente demanda de materiales para baterías de próxima generación y mejorar la competitividad de su negocio de butil litio y productos químicos especiales de litio.
Arcadium Lithium plc (NYSE: ALTM, ASX: LTM)가 Li-Metal Corp. (CSE: LIM, OTCQB: LIMFF)의 리튬 금속 사업을 1,100만 달러에 현금으로 인수했습니다. 이번 인수에는 지적 재산권, 물리적 자산, 캐나다 온타리오에 있는 시범 생산 시설이 포함됩니다. Li-Metal의 공동 창립자이자 CTO인 Maciej Jastrzebski를 포함한 핵심 인력들이 Arcadium Lithium에 합류할 것입니다.
이번 결정은 다양한 등급의 리튬 탄산염 원료를 사용하여 리튬 금속 생산 능력을 향상시키고 기존 프로세스를 보완할 것으로 기대됩니다. 이 인수의 목표는 리튬 금속 생산을 위한 더 안전하고, 저렴하며, 더 지속 가능한 경로를 제공하여 Arcadium Lithium의 글로벌 선도 생산자로서의 위치를 강화하는 것입니다.
회사는 이 기술을 활용하여 차세대 배터리 소재에 대한 증가하는 수요를 충족하고 부틸리튬 및 리튬 특수 화학 제품 비즈니스의 경쟁력을 강화할 계획입니다.
Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) a acquis l'entreprise de lithium métallique de Li-Metal Corp. (CSE: LIM, OTCQB: LIMFF) pour 11 millions de dollars américains en espèces. L'acquisition comprend la propriété intellectuelle, des actifs physiques et une installation de production pilote en Ontario, Canada. Des personnes clés, incluant le co-fondateur et CTO de Li-Metal, Maciej Jastrzebski, rejoindront Arcadium Lithium.
Cette démarche devrait renforcer les capacités d'Arcadium Lithium dans la production de lithium métallique à partir de diverses qualités de matières premières de carbonate de lithium, complétant ainsi ses processus existants. L'acquisition vise à fournir des voies plus sûres, moins coûteuses et plus durables pour la production de lithium métallique, renforçant la position d'Arcadium Lithium en tant que producteur mondial de premier plan.
L'entreprise prévoit d'utiliser cette technologie pour répondre à la demande croissante en matériaux pour batteries de nouvelle génération et améliorer la compétitivité de son activité de butyllithium et de produits chimiques spécialisés à base de lithium.
Arcadium Lithium plc (NYSE: ALTM, ASX: LTM) hat das Lithium-Metallgeschäft von Li-Metal Corp. (CSE: LIM, OTCQB: LIMFF) für 11 Millionen US-Dollar in bar übernommen. Die Übernahme umfasst geistiges Eigentum, physische Vermögenswerte und eine Pilotproduktionsanlage in Ontario, Kanada. Schlüsselpersonen, darunter Maciej Jastrzebski, Mitbegründer und CTO von Li-Metal, werden sich Arcadium Lithium anschließen.
Diese Maßnahme wird voraussichtlich die Fähigkeiten von Arcadium Lithium zur Produktion von Lithium-Metall mit verschiedenen Qualitäten von Lithiumkarbonat-Rohstoffen verbessern und die bestehenden Prozesse ergänzen. Das Ziel der Übernahme ist es, sicherere, kostengünstigere und nachhaltigere Wege zur Produktion von Lithium-Metall zu bieten und die Position von Arcadium Lithium als führenden globalen Hersteller zu stärken.
Das Unternehmen plant, diese Technologie zu nutzen, um der wachsenden Nachfrage nach Materialien für Batterien der nächsten Generation gerecht zu werden und die Wettbewerbsfähigkeit seines Butyllithium- und Lithium-Spezialchemikaliengeschäfts zu steigern.
- Acquisition of Li-Metal's lithium metal business for US$11 million strengthens Arcadium Lithium's market position
- New technology expected to provide safer, lower cost, and more sustainable lithium metal production processes
- Acquisition includes intellectual property, physical assets, and a pilot production facility in Ontario
- Enhanced flexibility to utilize vertically integrated network of assets
- Potential for reduced reliance on third-party lithium metal suppliers
- Improved competitiveness in butyllithium and lithium specialty chemicals business
- US$11 million cash outlay for the acquisition
Insights
Arcadium Lithium's
- Enhanced vertical integration, reducing reliance on third-party lithium metal suppliers
- Improved production flexibility using various grades of lithium carbonate
- Potential for cost reduction and sustainability improvements in lithium metal production
The acquisition aligns with growing demand for advanced battery materials and could strengthen Arcadium's competitive position in specialty lithium products. However, investors should monitor the integration process and any impact on near-term financials.
This acquisition marks a significant technological advancement for Arcadium Lithium. The company gains access to innovative lithium metal production processes that can utilize various grades of lithium carbonate as feedstock. This flexibility is important in an industry where feedstock quality can vary.
The addition of Li-Metal's pilot production facility and key personnel, including the CTO, suggests a focus on rapid commercialization of this technology. If successful, Arcadium could leapfrog competitors in producing high-quality lithium metal more efficiently and sustainably, potentially disrupting the market for next-generation battery materials.
The acquisition positions Arcadium Lithium to capitalize on the growing demand for lithium metal in next-generation batteries. The global lithium metal market is projected to grow at a CAGR of
By enhancing its lithium metal production capabilities, Arcadium is future-proofing its product portfolio. The company's focus on high-purity lithium metal and proprietary formulations like LIOVIX® aligns with industry trends towards higher energy density batteries. This move could potentially increase Arcadium's market share in the lucrative specialty lithium products segment.
PHILADELPHIA and PERTH,
Acquisition is expected to provide safer, lower cost and more sustainable process pathways for lithium metal production using various grades of lithium carbonate
Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today announced it has acquired the lithium metal business of Li-Metal Corp. (CSE: LIM) (OTCQB: LIMFF) (FSE: 5ZO). The all-cash
Key personnel from Li-Metal's lithium metal business will be joining Arcadium Lithium as part of the acquisition. Maciej Jastrzebski, Li-Metal's co-founder and Chief Technology Officer, has entered into a consulting agreement with Arcadium Lithium to facilitate the transfer of technology and integrate the team.
The acquisition is expected to strengthen Arcadium Lithium's position as a leading global producer of lithium metal by providing safer, lower cost and more sustainable processes for lithium metal production using various grades of lithium carbonate feedstock, which the company produces in
"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," said Paul Graves, president and chief executive 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 uses lithium metal to manufacture lithium specialty products, including high purity lithium metal (HPM) and LIOVIX® − a proprietary printable lithium metal formulation, for primary battery applications and next-generation batteries. Arcadium Lithium also processes lithium metal into butyllithium, used in the manufacturing of lightweight "green" tires among other applications, as well as lithium specialty chemicals used in medicine, agriculture, electronics and other industries.
Arcadium Lithium Contacts
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
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 factors described under the caption entitled "Risk Factors" in Arcadium Lithium plc's 2023 Form 10-K filed with the Securities and Exchange Commission ("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
FAQ
What company did Arcadium Lithium (ALTM) acquire and for how much?
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