PHILADELPHIA AND PERTH, Australia, September 5, 2024 /PRNewswire/ — Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, “Arcadium Lithium”) announced today that it will suspend tailings removal from Stage 4A and any expansionary investment beyond Stage 3 at its spodumene mine at Mt Cattlin in Western Australia given the continued decline in spodumene prices. In addition, the Company plans to place the Mt Cattlin facility in Care & Maintenance upon completion of Phase 3 mining and ore processing by the end of the first half of 2025.

As a result of these decisions, the Company expects its expected net cash flows in 2024 and 2025 to increase by a total of approx. 75 dollars up to 100 million.

The Company has no current intention to close Mt Cattlin. Care & Maintenance will maintain the mine and processing facilities in a position to potentially resume operations when market conditions become more favourable. Arcadium Lithium will continue to investigate the feasibility of underground mining at the Mt Cattlin site, which could potentially extend the remaining mine life.

Paul GravesPresident and CEO, commented, “We remain committed to growing our global portfolio of hard rock assets and are confident that they will continue to be a significant part of the Arcadium Lithium growth story. Unfortunately, production at Mt Cattlin beyond the current open pit mine phase cannot be justified in the current spodumene price environment. We will maintain an open and transparent dialogue with all of our stakeholders while supporting our employees and communities in Western Australia in this transitional period.”

More details will be provided during the Arcadium Lithium Investor Day on September 19.

Arcadium Lithium Contacts

Investors:
Daniel Rosen +1 215 299 6208
[email protected]

Phoebe Lee +61 413 557 780
[email protected]

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

About Arcadium Lithium
Arcadium Lithium is a leading global producer of lithium chemicals, 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 partner with our customers to drive innovation and power a more sustainable world where lithium enables exciting opportunities in renewable energy, electric transportation and modern living. Arcadium Lithium is a vertically integrated company with industry-leading capabilities in lithium extraction processes, including hard rock mining, conventional brine extraction and direct lithium extraction (DLE), as well as the production of lithium chemicals for high-performance applications. We operate globally, with facilities and projects in Argentina, Australia, Canada, China, Japanthis United Kingdom and the United States. For more information, visit us at www.ArcadiumLithium.com.

Important information and legal disclaimer:
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Certain statements in this press release are forward-looking statements. In some cases, we have identified forward-looking statements by words or phrases such as “will likely result,” “believes,” “expects,” “anticipates,” “should,” “could,” “may,” “will continue,” “believes,” “believes,” “anticipates,” “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 negatives of these words and phrases. Such forward-looking statements are based on our current views and assumptions regarding future events, future business conditions and prospects for Arcadium Lithium based on currently available information. There are important factors that could cause the actual results, level of activity, performance or achievements of Arcadium Lithium to be materially different from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including supply and demand in the market for our products and the price of lithium and high-performance lithium compounds; our ability to realize the anticipated benefits of the integration of the Livent and Allkem businesses or any future acquisitions; our ability to acquire or develop additional reserves that are commercially viable; the existence, availability and profitability of mineral resources and mineral and ore reserves; the success of our efforts to increase production, research and development efforts and the development of our facilities; our ability to retain existing customers; the competition we face in our business; the development and implementation of new battery technologies; additional financing or capital that may be required for our operations and expansion plans; political, financial and operational risks that may arise in our lithium mining and production operations, particularly in the event of Argentinaexpose us to: physical and other risks to which our operations and suppliers are subject; our ability to meet customer qualification processes or customer or government quality standards; global economic conditions, including inflation, fluctuations in energy and certain commodity prices; the ability of our joint ventures, affiliates and contract manufacturers to operate according to their business plans and fulfill their obligations; extreme weather events and the effects of climate change; extensive and dynamic environmental and other laws and regulations; our ability to obtain and comply with required licenses, permits and other approvals; and other factors described in the section entitled “Risk Factors” in Arcadium Lithium’s 2023 Form 10-K filed with the Securities and Exchange Commission (the “SEC”) on February 29, 2024as well as other SEC filings and public communications by Arcadium Lithium. Although Arcadium Lithium believes that the expectations reflected in the forward-looking statements are reasonable, Arcadium Lithium cannot guarantee future results, levels of activity, performance or achievements. Further, neither Arcadium Lithium nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Arcadium Lithium undertakes no obligation to update any of these forward-looking statements after the date of this press release to conform its prior statements to actual results or changed expectations.

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