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BEIJING, Nov. 13, 2024 /PRNewswire/ -- The 13th Cross-Strait Machinery Industry Expo and the 15th China Longyan Investment Project Conference opened on November 8 in Longyan City, southeast China's Fujian Province. During the event, about 20 industrial projects with a total investment of 10.5 billion yuan were signed. Hosted by the China Machinery Industry Federation and organized by the Longyan municipal government, the event features seven exhibition zones, including industrial development, engineering and environmental machinery, specialty vehicles and emergency equipment, new energy and new materials, etc., with a total exhibition area of 30,000 square meters. In addition, this year's event has drawn participation of nearly 500 enterprises and institutions nationwide. As an important industrial base in Fujian, Longyan is home to 384 enterprises above designated size in the machinery and equipment industry, and has been recognized as the "capital of specialty vehicles" and the "national emergency industry demonstration base" in China. Moreover, this year's event, which serves as a major platform for cross-strait investment cooperation, industrial matchmaking, and economic exchanges, aims to pool insights and solutions to drive the high-quality development of Longyan's machinery and equipment industry and advance new industrialization. During the event, a series of activities will also be held, including a ceremony for the commencement and completion of major projects in Longyan, and a symposium on promoting key industry chains in the city. Original link: https://en.imsilkroad.com/p/343094.html
HO CHI MINH CITY, Vietnam, Nov. 13, 2024 /PRNewswire/ -- Pebsteel, a global leader in pre-engineered steel buildings and structural steel, celebrates its 30th anniversary, marking a significant milestone in its journey of building greatness. Since 1994, Pebsteel has redefined the pre-engineered steel industry, transforming blueprints into internationally recognized standards. Over three decades, Pebsteel has completed over 6,000 projects across 50 countries, setting the benchmark for quality, innovation, and industry leadership. Three Decades of Innovation: Pebsteel’s Unstoppable Journey of Greatness in Building From the outset, Pebsteel has stood out by turning innovation into impact. Co-founders Mr. Sami Kteily and Mr. Adib Kouteili brought international standards to Vietnam and Southeast Asia at a time when the concept of pre-engineered steel buildings was unfamiliar in the region. Today, Pebsteel's achievements echo across borders, with the company's advanced design, fabrication, and innovative solutions in pre-engineered building & structural steel helping shape iconic structures and industrial projects around the world. What sets Pebsteel apart is its unwavering passion for excellence. Over the last 30 years, Pebsteel has built more than just steel structures; it has built a legacy of greatness. Every project is a testament to the company's commitment to pushing boundaries and turning client visions into reality with precision and efficiency. Signature projects like the Green Technology Complex in Dong Nai Province (the first of its kind in Vietnam to achieve LEED and LOTUS certifications) and the 128m wide column-free hangar in the Philippines demonstrate Pebsteel's capability to handle complex challenges and deliver results that stand the test of time. The company's journey is fueled by a strong team of 1,400 dedicated employees who embody Pebsteel's spirit of relentlessly pursuing greatness. Empowered to make swift, impactful decisions, Pebsteel's team operates with a solution-driven mindset that prioritizes effectiveness in every project stage. Through continuous development and training, employees remain at the forefront of industry standards, enabling them to meet evolving client demands with precision and innovation. This strong foundation has not only strengthened client relationships but also solidified Pebsteel's reputation as a trusted partner known for delivering exceptional and dependable solutions across a diverse range of projects. As Pebsteel reflects on its 30-year journey, it is also looking forward to the future. The company's commitment to shaping greatness in every project remains unshakable. "2024 marks a significant milestone for Pebsteel: the 30-year Journey of Building Greatness. Pebsteel does not merely construct sturdy and enduring structures; we deliver long-term value, cultivating strong relationships with our partners. Our strength comes not from one individual but from the collective power of over 1,400 employees. Together, we can achieve great things," said Mr. Sami Kteily, Executive Chairman of Pebsteel. The story of Pebsteel is one of ambition, resilience, and an unstoppable journey of building greatness. As the company moves into the future, it is poised to continue transforming with the same passion, innovation, and excellence that have defined its first 30 years. For more information about Pebsteel, its extensive portfolio of projects, and the company's vision for the future, please visit https://pebsteel.com/en/30yearscelebration/.
SYDNEY, Nov. 13, 2024 /PRNewswire/ -- Lake Resources N.L. (ASX:LKE; OTC:LLKKF) (Lake or the Company) is pleased to announce that a wholly-owned subsidiary of Lake has entered into an asset sale agreement with Austroid Corporation for the sale of three of its non-core lithium brine assets in Argentina for $9 million USD (approximately $13.6 million AUD) (Transaction). The non-core assets included in the Transaction are lithium brine tenements and related assets located in Jujuy Province, Argentina; namely Paso de Jama, Olaroz, and Cauchari. The Transaction will provide Lake with additional, non-dilutive liquidity and the funds will be used to support the Company's financial runway to continue its focus on progressing its flagship asset, the Kachi Project (Kachi or the Project). "Given that Kachi is a premier tier-one asset with a total resource estimate exceeding 10.6 million tonnes of lithium carbonate equivalent (see ASX Announcement on 22 November 2023) and strong economics, the Company has decided to focus all of its resources on the Project," Lake CEO David Dickson said. "We have more than enough brine at Kachi for a 25-year project with potential for expansion." Mr Dickson said that Lake conducted a competitive process to maximize value and the USD $9 million was an excellent result for shareholders. The sale reflects Lake's commitment to maintaining a focused and efficient portfolio. The Transaction also further positions Lake to advance Kachi and benefit from an evolving lithium market landscape – especially in light of recent industry developments. "Lake remains focused on securing high value strategic partnerships and offtake agreements to bolster Kachi's development," Mr Dickson said. On the Financial Runway: Mr Dickson said that Lake had no debt or other major capital commitments and had aggressively right sized the business for the current lithium commodity price environment. With cash on hand as at 30 September 2024 (approximately $17.5 million AUD, see ASX Announcement on 30 October 2024) and the expected proceeds from the Transaction, the Company's pro-forma cash position is approximately $31.1 million AUD. With additional capital raising capacity available to the Company, Lake is well positioned with strong financial liquidity into 2026. Approval by the shareholders of the additional placement capacity under ASX Listing Rule 7.1A as requested by the Company at the upcoming Annual General Meeting would also further enhance the Company's liquidity position. On the Sector Landscape: "The increasing interest in lithium plays from global investors across the United States, Europe, China, the Middle East and India, including major mining and energy players, underscores the strategic value of Argentinian lithium assets driven by improved investing conditions in Argentina following passage of the Promotional Regime for Large Investment (The Régimen de Incentivo para Grandes Inversiones, otherwise known as RIGI). Rio Tinto's acquisition of Arcadium reflects this sentiment," Mr Dickson said. The Kachi Project, located in the Catamarca Province, stands out as one of the largest Direct Lithium Extraction (DLE) brine resources in Argentina. Rio Tinto's commentary on DLE technology's efficiency, scalability, and sustainability aligns with Kachi's value proposition. "Our testing demonstrates significantly higher lithium recovery rates with markedly improved environmental benefits through lower water and land usage and reduced waste compared to alternative lithium extraction methods," Mr Dickson said. Closing of the Transaction: Closing of the Transaction and receipt of proceeds are subject to customary closing conditions and are expected to occur by the end of 2024. Lake will discuss the Transaction as well as impact to its liquidity at the Annual General Meeting scheduled for 21 November 2024 at 9:00am Brisbane time (10:00am AEDT). For investor queries, please contact: InvestorRelations@lakeresources.com.au or log onto Investor Hub through Lake's public website For media queries, please contact: Nigel Kassulke at Teneo M: +61407904874E: Nigel.Kassulke@teneo.com About Lake Resources N.L. (ASX:LKE OTC:LLKKF) Lake Resources N.L. (ASX:LKE; OTC:LLKKF) is a responsible lithium developer utilising state of-the-art ion exchange extraction technology for production of sustainable, high purity lithium from its flagship Kachi Project in Catamarca Province within the Lithium Triangle in Argentina. Lake also has three additional early-stage projects in this region. This ion exchange extraction technology delivers a solution for two rising demands – high purity battery materials to avoid performance issues, and more sustainable, responsibly sourced materials with low carbon footprint and significant ESG benefits. Forward Looking Statements: Certain statements contained in this announcement, including information as to the future financial performance of the projects and the Company, are forward-looking statements. Such forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by Lake Resources N.L. are inherently subject to significant technical, business, economic, competitive, political and social uncertainties and contingencies; involve known and unknown risks and uncertainties and other factors that could cause actual events or results to differ materially from estimated or anticipated events or results, expressed or implied, reflected in such forward-looking statements; and may include, among other things, statements regarding targets, estimates and assumptions in respect of production and prices, operating costs and results, capital expenditures, reserves and resources and anticipated flow rates, and are or may be based on assumptions and estimates related to future technical, economic, market, political, social and other conditions and affected by the risk of further changes in government regulations, policies or legislation and that further funding may be required, but unavailable, for the ongoing development of Lake's projects. Lake Resources N.L. disclaims any intent or obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise. The words "believe", "expect", "anticipate", "indicate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule" and similar expressions identify forward-looking statements. All forward-looking statements made in this announcement are qualified by the foregoing cautionary statements. Investors are cautioned that forward-looking statements are not guarantees of future performance and accordingly investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein. Lake does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
SHENZHEN, China, Nov. 11, 2024 /PRNewswire/ -- Founded in 1996, Topband is a global leading provider of intelligent control solutions. After about 30 years of development, Topband mainly engages in R&D, production, and sales of intelligent control system solutions, providing leading customized intelligent control solutions across home appliances, tools, new energy and industrial sectors, with the "four electrics and one network" technology of electric control, motor, battery, power supply and IoT platform as its core. Topband's Q3 2024 report revealed revenue of approximately 7.7 billion yuan ($1.05 billion) from January to September (statistics based on China's listed company rules), a 21.04% year-on-year increase, marking four consecutive quarters of growth. Overseas revenue also rose from 16% in 2023 to 21% in 2024, driven by Topband's strategy of "rooted in China, expanding globally, close to customers." Topband's global manufacturing network spans multiple strategic locations: Shenzhen, Huizhou, and Ningbo in China; Vietnam and India in Southeast Asia; Mexico in North American; and Romania in Europe. This allows Topband to provide responsive, localized delivery, supporting resilient growth. In China, Topband's factories are located in the Pearl and Yangtze River Deltas—regions with strong industrial bases and logistics. Topband operates factories in Shenzhen, Huizhou, Ningbo, and a facility under construction in Nantong, optimizing regional resources for efficient production and rapid market response. Internationally, Topband's supply chain is built for flexibility and resilience. Its first overseas factory in India (2016) marked its global expansion. In 2019, Topband established a factory in Vietnam, capitalizing on local labor and infrastructure. To support customers in the Western Hemisphere, Topband opened a plant in Monterrey, Mexico, in 2021. That year, Topband also strengthened its European presence with a factory in Romania to meet regional demand. Production responsibilities are strategically divided among locations: China's facilities produce most tool, home appliance, new energy, and industrial products. Vietnam and Mexico focus on tool components, while India and Romania handle home appliance components. The Vietnam and India plants have achieved large-scale production with rapidly growing capacity, while Mexico and Romania are ramping up production and optimizing operations. By Q3 2024, Vietnam and India plants had surpassed their 2023 outputs. The Mexico plant recorded over 100 million yuan in output, with significant growth, while Romania achieved tens of millions output levels since launching last year. These figures highlight the strong performance of Topband's overseas facilities. With geopolitical challenges and natural disasters posing risks, Topband has made supply chain resilience a priority. It has implemented a rigorous global supplier certification system, using its Shenzhen headquarters as a central planning hub to coordinate 13 production and R&D centers and 26 subsidiaries globally, ensuring efficient logistics and compliance. By 2023, around 1.45 billion products equipped with Topband's intelligent systems had entered households worldwide. Guided by its values of "Agility, Innovation, Partnership," Topband is advancing its global footprint, enhancing operations, and accelerating Chinese "smart manufacturing" worldwide to create a more intelligent, beautiful future with its clients.
- and additional sector-specific methodologies for oil & gas, transport, and metals & minerals LONDON, Nov. 11, 2024 /PRNewswire/ -- CarbonChain – an AI-powered carbon tracking platform that provides companies with end-to-end visibility into supply chain emissions – believes that it is the first carbon accounting platform in the world to enable manufacturers and commodity traders to calculate their emissions using third-party validated methodologies for both Corporate Carbon Footprints (CCFs) and Product Carbon Footprints (PCFs). SGS has independently reviewed and validated these methodologies as aligned with global carbon accounting standards – specifically, the GHG Protocol Corporate Accounting and Reporting Standard and the GHG Protocol Product Life Cycle Accounting and Reporting Standard. The Importance of ValidationManufacturers and commodity traders who use a third-party software to measure, track, and declare their commodity emissions need assurance that their calculations are grounded in best practice. Independent validation of CarbonChain's latest methodology is an important marker of credibility for customers' internal and external emissions reporting. CarbonChain's Commitment to AccuracyCarbonChain is building the most accurate carbon accounting platform for metal and energy supply chains. In addition to a validated methodology, we use robust independent emission databases to close data gaps, especially where direct supplier data is unavailable. As part of our latest product release, CarbonChain's expert in-house carbon accountants and data analysts have refined the asset-level emissions data for key metal and energy products. Users of CarbonChainCarbonChain is purpose-built for energy and metal supply chains. Manufacturers, commodity traders and their banks use CarbonChain's software to automate their carbon accounting, to measure, report and set targets for their emissions. CarbonChain's platform is used by the likes of Societe Generale, Thyssenkrupp Materials Services, Rabobank, Concord Resources, IXM and Gunvor Group. Note: Validation for CCF and PCF methodologies was completed in March 2024 and September 2024, respectively. About CarbonChainCarbonChain empowers companies to make climate-conscious decisions to accelerate action toward a net-zero economy. Its AI-empowered carbon accounting platform automates emissions tracking with accurate, asset-level data for carbon-intensive supply chains. CarbonChain uses a validated methodology and is a CDP-accredited solutions provider. In 2023, CarbonChain raised $10M to support its ongoing expansion of carbon footprint technology, with a primary focus on scope 3 and supply chain emissions. www.carbonchain.com CONTACT: Alexander Lewis, Marketing Manager, alexander.lewis@carbonchain.com
PHILADELPHIA and PERTH, Australia, Nov. 8, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium" or the "Company") today reported results for the third quarter 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 third quarter financial results. For the same reason, the Company has withdrawn its operating and financial guidance. For further detail and discussion of Arcadium Lithium's results for the third quarter of 2024, please refer to Arcadium Lithium's Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, which was filed today with the Securities and Exchange Commission (the "SEC"). Arcadium Lithium plans to continue providing quarterly earnings releases and will continue to file reports with the SEC until the Transaction has been completed. A preliminary proxy statement for the Transaction was filed with the SEC on November 1, 2024. Third Quarter Highlights Third quarter revenue was $203.1 million and reported attributable GAAP net income was $16.1 million, or 1 cent per diluted share. Adjusted EBITDA1 was $42.9 million and adjusted earnings per diluted share2 was 1 cent. The decline in Adjusted EBITDA compared to the second quarter was attributable to lower average realized prices and lower volumes, in addition to higher costs. The Company realized average pricing of $16,200 per product metric ton for combined lithium hydroxide and carbonate volumes in the third quarter, compared to $17,200 in the second quarter. Average realized pricing declined across most lithium products due to weaker market prices and customer and product mix. However, lithium hydroxide pricing was roughly flat quarter over quarter, supported by existing long term commercial agreements. Third quarter total volumes were 6% lower on an LCE3 basis than the second quarter, with higher spodumene volumes more than offset by lower hydroxide and carbonate volumes. This was largely a result of weaker overall demand in the quarter, as well as a slow production ramp-up of the Olaroz Stage 2 lithium carbonate expansion in Argentina. Q3 2024 Revenue (M) Volume Unit Price Lithium Hydroxide and Lithium Carbonate4 $141.60 ~8,7505 product metric ton $16,200 / product MT Butyllithium & Other Lithium Specialties $39.40 ~480 LCE3 $82,100 / LCE Spodumene Concentrate $22.10 ~32,400 dry metric ton $682 / 5.3% dmt (~$770 SC6 equivalent) Q3 2024 YTD (9 Months) Revenue (M) Volume Unit Price Lithium Hydroxide and Lithium Carbonate4 $517.80 ~28,8505 product metric ton $18,000 / product MT Butyllithium & Other Lithium Specialties $130.20 ~1,390 LCE3 $93,700 / LCE Spodumene Concentrate $70.80 ~85,900 dry metric ton $824 / 5.4% dmt (~$925 SC6 equivalent) "We continued to deliver strong average realized pricing in a challenging market in the third quarter, supported by our commercial strategy in lithium hydroxide which focuses on long term strategic customers. Our nine-month year-to-date average realized pricing of $18,000/t for combined hydroxide and carbonate demonstrates our ability to achieve higher pricing than market indices in current market conditions," said Paul Graves, president and chief executive officer of Arcadium Lithium. "We remain focused on cost and operational discipline, executing cost saving initiatives and prudently advancing our expansion projects, prioritizing Sal de Vida and Nemaska Lithium." Acquisition by Rio Tinto On October 9, 2024 a definitive agreement (the "Transaction Agreement") was announced under which Rio Tinto will acquire Arcadium Lithium in an all-cash transaction for US$5.85 per share. The Transaction represents a premium of 90% to Arcadium's closing price of $3.08 per share on October 4, 2024 and values Arcadium Lithium's diluted share capital at approximately $6.7 billion.6 Paul Graves said: "We are confident that this is a compelling cash offer that reflects a full and fair long-term value for our business and de-risks our shareholders' exposure to the execution of our development portfolio and market volatility. This agreement with Rio Tinto demonstrates the value in what we have built over many years at Arcadium Lithium and its predecessor companies, and we are excited that this transaction will give us the opportunity to accelerate and expand our strategy, for the benefit of our customers, our employees, and the communities in which we operate." The Transaction has been unanimously approved by both the Rio Tinto and Arcadium Lithium Boards of Directors. The Transaction, which will be implemented by way of a Jersey scheme of arrangement, is expected to close in mid-2025. Key conditions to closing of the Transaction include approval of Arcadium Lithium shareholders and the Royal Court of Jersey. In addition, the Transaction is subject to receipt of customary regulatory approvals and other closing conditions. However, Arcadium Lithium cannot assure completion of the Transaction by any particular date, if at all or that, if completed, it will be completed on the terms set forth in the Transaction Agreement. Arcadium Lithium shareholders do not need to take any action at the present time. A majority in number of those Arcadium Lithium shareholders present and voting, and representing at least 75% of the voting rights of all shares voted, will be required to complete the Transaction. Full details of the terms and conditions of the Transaction are set out in the Transaction Agreement, which may be obtained, free of charge, on the SEC's website (http://www.sec.gov). ________________________ 1 Reconciliation of Adjusted EBITDA, a non-GAAP measure, to net income attributable to Arcadium Lithium plc, the most directly comparable financial measure presented in accordance with GAAP, is set forth in the reconciliation table accompanying this release. 2 Corresponds to Diluted adjusted after-tax earnings per share in the accompanying financial tables. Reconciliation of Diluted adjusted after-tax earnings per share, a non-GAAP measure, to Diluted earnings per ordinary share (GAAP), the most directly comparable financial measure presented in accordance with GAAP, is set forth in the reconciliation table accompanying this release. 3 Lithium Carbonate Equivalents. 4 Includes 100% of Olaroz in which Arcadium Lithium has current economic interest of 66.5%. 5 Excludes lithium carbonate by-product. 6 Includes conversion of all outstanding convertible senior notes due 2025. Arcadium Lithium Contacts Investors: Daniel Rosen +1 215 299 6208daniel.rosen@arcadiumlithium.com Phoebe Lee +61 413 557 780phoebe.lee@arcadiumlithium.com Media:Karen Vizental +54 9 114 414 4702karen.vizental@arcadiumlithium.com Supplemental InformationIn this press release, Arcadium Lithium uses the financial measures Adjusted EBITDA and Diluted adjusted after-tax earnings per share. These terms are not calculated in accordance with generally accepted accounting principles (GAAP). Definitions of these terms, as well as a reconciliation to the most directly comparable financial measure calculated and presented in accordance with GAAP, are provided on our website: ir.arcadiumlithium.com and elsewhere in this press release or the financial tables that accompany this press release. About Arcadium LithiumArcadium 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 Argentina, Australia, Canada, China, Japan, the United Kingdom and the United States. For more information, please visit us at www.ArcadiumLithium.com. Additional Information and Where to Find ItIn connection with the Transaction, Arcadium Lithium has filed with the SEC a preliminary proxy statement on Schedule 14A. This press release is not a substitute for the proxy statement or any other document that Arcadium Lithium may file with the SEC and send to its shareholders in connection with the Transaction. Before making any voting decision, Arcadium Lithium's shareholders are urged to read all relevant documents filed or to be filed with the SEC, including the proxy statement, as well as any amendments or supplements to those documents, when they become available, because they will contain important information about Arcadium Lithium and the Transaction. Arcadium Lithium's shareholders will be able to obtain a free copy of the proxy statement, as well as other filings containing information about Arcadium Lithium, free of charge, at the SEC's website (www.sec.gov). Copies of the proxy statement and other documents filed by Arcadium Lithium with the SEC may be obtained, without charge, by contacting Arcadium Lithium through its website at https://ir.arcadiumlithium.com/. Participants in the SolicitationArcadium Lithium, its directors, executive officers and other persons related to Arcadium Lithium may be deemed to be participants in the solicitation of proxies from Arcadium Lithium's shareholders in connection with the Transaction. Information about the directors and executive officers of Arcadium Lithium and their ownership of ordinary shares of Arcadium Lithium is set forth in the sections entitled "Directors, Executive Officers And Corporate Governance" and "Security Ownership Of Certain Beneficial Owners And Management And Related Stockholder Matters" in Arcadium Lithium's annual report on Form 10-K, as amended, for the fiscal year ended December 31, 2023, which was filed with the SEC on February 29, 2024 and amended on April 1, 2024 and April 29, 2024, and is set forth in the sections entitled "Board of Directors" and "Security Ownership of Arcadium Lithium plc" in its proxy statement for its 2024 annual meeting of shareholders, which was filed with the SEC on June 7, 2024. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, is included in the preliminary proxy statement and will be included in the proxy statement and other relevant materials to be filed with the SEC in connection with the Transaction when they become available. Free copies of these documents may be obtained as described in the preceding paragraph. 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 completion of the Transaction on anticipated terms and timing, including obtaining required shareholder and regulatory approvals, and the satisfaction of other conditions to the completion of the Transaction; potential litigation relating to the Transaction that could be instituted by or against Arcadium Lithium or its affiliates, directors or officers, including the effects of any outcomes related thereto; the risk that disruptions from the Transaction will harm Arcadium Lithium's business, including current plans and operations; the ability of Arcadium Lithium to retain and hire key personnel; potential adverse reactions or changes to business or governmental relationships resulting from the announcement or completion of the Transaction; certain restrictions during the pendency of the Transaction that may impact Arcadium Lithium's ability to pursue certain business opportunities or strategic transactions; significant transaction costs associated with the Transaction; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; the occurrence of any event, change or other circumstance that could give rise to the termination of the Transaction, including in circumstances requiring Arcadium Lithium to pay a termination fee or other expenses; competitive responses to the Transaction; the supply and demand in the market for our products as well as pricing for lithium and high-performance lithium compounds; our ability to realize the anticipated benefits of the integration of the businesses of Livent and Allkem or of any future acquisitions; our ability to acquire or develop additional reserves that are economically viable; the existence, availability and profitability of mineral resources and mineral and ore reserves; the success of our production expansion efforts, research and development efforts and the development of our facilities; our ability to retain existing customers; the competition that we face in our business; the development and adoption of new battery technologies; additional funding or capital that may be required for our operations and expansion plans; political, financial and operational risks that our lithium extraction and production operations, particularly in Argentina, expose us to; physical and other risks that our operations and suppliers are subject to; our ability to satisfy customer qualification processes or customer or government quality standards; global economic conditions, including inflation, fluctuations in the price of energy and certain raw materials; the ability of our joint ventures, affiliated entities and contract manufacturers to operate according to their business plans and to fulfill their obligations; severe 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 under the caption entitled "Risk Factors" in Arcadium Lithium's 2023 Form 10-K filed with the 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. ARCADIUM LITHIUM PLCCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(Unaudited, in millions, except per share data) Three Months EndedSeptember 30, Nine Months Ended September 30, 2024 2023 (1) 2024 2023 (1) Revenue $ 203.1 $ 211.4 $ 718.8 $ 700.7 Costs of sales 146.9 83.6 475.8 258.4 Gross margin 56.2 127.8 243.0 442.3 Impairment charges 51.7 — 51.7 — Selling, general and administrative expenses 39.7 13.2 95.1 47.1 Research and development expenses 1.2 1.3 3.8 3.3 Restructuring and other charges 9.7 8.7 111.4 35.0 Total costs and expenses 249.2 106.8 737.8 343.8 (Loss)/income from operations before equity in net loss of unconsolidated affiliate, interest expense/(income), net, loss on debt extinguishment and other (gains)/losses (46.1) 104.6 (19.0) 356.9 Equity in net loss of unconsolidated affiliate 5.9 6.7 5.9 22.0 Interest expense/(income), net 1.5 — (18.8) — Loss on debt extinguishment — — 1.1 — Other (gains)/losses (44.8) 1.2 (202.0) (5.3) (Loss)/income from operations before income taxes (8.7) 96.7 194.8 340.2 Income tax (benefit)/expense (33.4) 9.3 55.7 47.8 Net income $ 24.7 $ 87.4 $ 139.1 $ 292.4 Net income attributable to noncontrolling interests 8.6 — 21.7 — Net income attributable to Arcadium Lithium plc $ 16.1 $ 87.4 $ 117.4 $ 292.4 Basic earnings per ordinary share $ 0.01 $ 0.20 $ 0.11 $ 0.68 Diluted earnings per ordinary share $ 0.01 $ 0.17 $ 0.10 $ 0.58 Weighted average ordinary shares outstanding - basic 1,075.1 432.4 1,067.8 432.3 Weighted average ordinary shares outstanding - diluted 1,143.6 503.6 1,136.4 503.5 _______________________ 1. For the three and nine months ended September 30, 2023, basic and diluted earnings per ordinary share and weighted average ordinary shares outstanding - basic and diluted amounts represent predecessor Livent and have been adjusted to reflect the 2.406 Exchange Ratio. Represents the results of predecessor Livent's operations for three and nine months ended September 30, 2023 which do not include the operations of Allkem. ARCADIUM LITHIUM PLCRECONCILIATION OF NON-GAAP FINANCIAL MEASURESRECONCILIATION OF NET INCOME ATTRIBUTABLE TO ARCADIUM LITHIUM PLC (GAAP) TO ADJUSTED EBITDA (NON-GAAP) (Unaudited) Three Months EndedSeptember 30, Nine Months Ended September 30, (in Millions) 2024 2023 (1) 2024 2023 (1) Net income attributable to Arcadium Lithium plc $ 16.1 $ 87.4 $ 117.4 $ 292.4 Add back: Net income attributable to noncontrolling interests 8.6 — 21.7 — Interest expense/(income), net 1.5 — (18.8) — Income tax (benefit)/expense (33.4) 9.3 55.7 47.8 Depreciation and amortization 26.3 7.7 67.8 21.5 EBITDA (Non-GAAP) (2) 19.1 104.4 243.8 361.7 Add back: Argentina remeasurement (gains)/losses (a) (30.1) 11.6 (126.3) 20.5 Impairment charges (b) 51.7 — 51.7 — Restructuring and other charges (c) 9.7 8.7 111.4 35.0 Loss on debt extinguishment (d) — — 1.1 — Inventory step-up, Allkem Livent Merger (e) 0.5 — 21.0 — Other losses/(gains) (f) 1.0 5.0 (6.4) 15.8 Subtract: Blue Chip Swap gain (g) (8.7) (10.0) (45.2) (21.4) Argentina interest income (h) (0.3) — (0.3) — Adjusted EBITDA (Non-GAAP) (2) $ 42.9 $ 119.7 $ 250.8 $ 411.6 __________________ 1. Represents the results of predecessor Livent's operations for three and nine months ended September 30, 2023 which do not include the operations of Allkem. 2. We evaluate operating performance using certain Non-GAAP measures such as EBITDA, which we define as net income attributable to Arcadium Lithium plc plus noncontrolling interests, interest expense/(income), net, income tax (benefit)/expense and depreciation and amortization; and Adjusted EBITDA, which we define as EBITDA adjusted for Argentina remeasurement (gains)/losses, impairment charges, restructuring and other charges, Merger-related inventory step-up, certain Blue Chip Swap gains and other losses/(gains). Management believes the use of these Non-GAAP measures allows management and investors to compare more easily the financial performance of its underlying business from period to period. The Non-GAAP information provided may not be comparable to similar measures disclosed by other companies because of differing methods used by other companies in calculating EBITDA and Adjusted EBITDA. This measure should not be considered as a substitute for net income or other measures of performance or liquidity reported in accordance with U.S. GAAP. The above table reconciles EBITDA and Adjusted EBITDA from net income. a. Represents impact of currency fluctuations primarily on deferred income tax assets and liabilities. Also includes impact of currency fluctuations on other tax assets and liabilities and on long-term monetary assets associated with our capital expansion as well as foreign currency devaluations. The remeasurement (gains)/losses are included within Other (gains)/losses in our condensed consolidated statements of operations but are excluded from our calculation of Adjusted EBITDA because of: i.) their nature as income tax related; ii.) their association with long-term capital projects which will not be operational until future periods; or iii.) the severity of the devaluations and their immediate impact on our operations in the country. b. In the third quarter of 2024, the Company's plan to place its Mt Cattlin spodumene operation in Western Australia into care and maintenance resulted in a non-cash charge of $51.7 million for the three and nine months ended September 30, 2024, and was recorded to Impairment charges in the condensed consolidated statement of operations. The impairment charges are excluded from our calculation of Adjusted EBITDA because the charges are nonrecurring. c. We continually perform strategic reviews and assess the return on our business. This sometimes results in management changes or in a plan to restructure the operations of our business. As part of these restructuring plans, demolition costs and write-downs of long-lived assets may occur. The three months ended September 30, 2024 and 2023 include costs related to the combination of Livent and Allkem in a stock-for-stock transaction (the "Allkem Livent Merger") of $12.2 million and $13.6 million, respectively. The nine months ended September 30, 2024 and 2023 include costs related to the Allkem Livent Merger of $99.0 million and $32.3 million, respectively. The nine months ended September 30, 2024 and 2023 include severance-related costs of $14.7 million and $2.4 million, respectively. d. The nine months ended September 30, 2024 includes a $0.9 million prepayment fee incurred when the Sal de Vida Project Financing Facility was repaid in its entirety by SDJ on May 30, 2024 and $0.2 million for the partial write-off of deferred financing costs for amendments to the Revolving Credit Facility. The debt extinguishment losses are excluded from our calculation of Adjusted EBITDA because the loss is nonrecurring. e. Relates to the step-up in inventory recorded for Allkem Livent Merger for the nine months ended September 30, 2024 as a result of purchase accounting, excluded from Adjusted EBITDA as the step-up is considered a one-time, non-recurring cost. f. The three and nine months ended September 30, 2024 primarily represents foreign currency remeasurement gains related to U.S. dollar-denominated cash balances temporarily held at a foreign currency-functional subsidiary. The three and nine months ended September 30, 2023, prior to consolidation of Nemaska Lithium Inc. ("NLI") on October 18, 2023, represents our 50% ownership interest in costs incurred for certain project-related costs to align NLI's reported results with Arcadium's capitalization policies and interest expense incurred by NLI, all included in Equity in net loss of unconsolidated affiliate in our condensed consolidated statements of operations. The Company consolidates NLI on a one-quarter lag basis and prior to October 18, 2023, accounted for its equity method investment in NLI on a one-quarter lag basis. g. Represents non-recurring gain from the sale in Argentina pesos of Argentina Sovereign U.S. dollar-denominated bonds due to the divergence of Argentina's Blue Chip Swap market exchange rate from the official rate. h. Represents interest income received from the Argentina government for the period beginning when the recoverability of certain of our expansion-related VAT receivables were approved by the Argentina government and ending on the date when the reimbursements were paid by the Argentina government but is excluded from our calculation of Adjusted EBITDA because of its association with long-term capital projects which will not be operational until future periods. RECONCILIATION OF NET INCOME ATTRIBUTABLE TO ARCADIUM LITHIUM PLC (GAAP) TO ADJUSTED AFTER-TAX EARNINGS (NON-GAAP)(Unaudited) (in Millions, Except Per Share Data) Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 (1) 2024 2023 (1) Net income attributable to Arcadium Lithium plc $ 16.1 $ 87.4 $ 117.4 $ 292.4 Add back: Net income attributable to noncontrolling interests 8.6 — 21.7 — Special charges: Argentina remeasurement (gains)/losses (a) (30.1) 11.6 (126.3) 20.5 Impairment charges (b) 51.7 — 51.7 — Restructuring and other charges (c) 9.7 8.7 111.4 35.0 Loss on debt extinguishment (d) — — 1.1 — Inventory step-up, Allkem Livent Merger (e) 0.5 — 21.0 — Other losses/(gains) (f) 1.0 5.0 (6.4) 15.8 Blue Chip Swap gain (g) (8.7) (10.0) (45.2) (21.4) Argentina interest income (h) (0.3) — (0.3) — Non-GAAP tax adjustments (i) (34.7) (10.8) 3.6 (17.1) Adjusted after-tax earnings (Non-GAAP) (2) $ 13.8 $ 91.9 $ 149.7 $ 325.2 Diluted earnings per ordinary share (GAAP) $ 0.01 $ 0.17 $ 0.10 $ 0.58 Special charges per diluted share, before tax: Argentina remeasurement (gains)/losses, per diluted share (0.02) 0.02 (0.10) 0.04 Impairment charges, per diluted share 0.05 — 0.05 — Restructuring and other charges, per diluted share 0.01 0.02 0.11 0.07 Inventory step-up, Allkem Livent Merger, per diluted share — — 0.02 — Other losses/(gains), per diluted share — 0.01 (0.01) 0.03 Blue Chip Swap gain, per diluted share (0.01) (0.02) (0.04) (0.04) Non-GAAP tax adjustments, per diluted share (0.03) (0.02) — (0.03) Diluted adjusted after-tax earnings per share (Non-GAAP) (2) $ 0.01 $ 0.18 $ 0.13 $ 0.65 Weighted average ordinary shares outstanding - diluted (Non-GAAP) used in diluted adjusted after-tax earnings per share computations 1,143.6 503.6 1,136.4 503.5 ___________________ 1. For the three and nine months ended September 30, 2023, diluted earnings per ordinary share (GAAP), weighted average ordinary shares outstanding - diluted (Non-GAAP) and all per diluted share amounts represent predecessor Livent and have been adjusted to reflect the 2.406 Exchange Ratio. Represents the results of predecessor Livent's operations for three and nine months ended September 30, 2023 which do not include the operations of Allkem. 2. The Company believes that the Non-GAAP financial measures Adjusted after-tax earnings and Diluted adjusted after-tax earnings per share provide useful information about the Company's operating results to management, investors and securities analysts. Adjusted after-tax earnings excludes the effects of, nonrecurring charges/(income) and tax-related adjustments. The Company also believes that excluding the effects of these items from operating results allows management and investors to compare more easily the financial performance of its underlying business from period to period. Diluted adjusted after-tax earnings per share (Non-GAAP) is calculated using weighted average common shares outstanding - diluted. a. Represents impact of currency fluctuations primarily on deferred income tax assets and liabilities. Also includes impact of currency fluctuations on other tax assets and liabilities and on long-term monetary assets associated with our capital expansion as well as foreign currency devaluations. The remeasurement (gains)/losses are included within Other (gains)/losses in our condensed consolidated statements of operations but are excluded from our calculation of Adjusted EBITDA because of: i.) their nature as income tax related; ii.) their association with long-term capital projects which will not be operational until future periods; or iii.) the severity of the devaluations and their immediate impact on our operations in the country. b. In the third quarter of 2024, the Company's plan to place its Mt Cattlin spodumene operation in Western Australia into care and maintenance resulted in a non-cash charge of $51.7 million for the three and nine months ended September 30, 2024, and was recorded to Impairment charges in the condensed consolidated statement of operations. The impairment charges are excluded from our calculation of Adjusted EBITDA because the charges are nonrecurring. c. We continually perform strategic reviews and assess the return on our business. This sometimes results in management changes or in a plan to restructure the operations of our business. As part of these restructuring plans, demolition costs and write-downs of long-lived assets may occur. The three months ended September 30, 2024 and 2023 include costs related to the Allkem Livent Merger of $12.2 million and $13.6 million, respectively. The nine months ended September 30, 2024 and 2023 include costs related to the Allkem Livent Merger of $99.0 million and $32.3 million, respectively. The nine months ended September 30, 2024 and 2023 include severance-related costs of $14.7 million and $2.4 million, respectively. d. The nine months ended September 30, 2024 includes a $0.9 million prepayment fee incurred when the Sal de Vida Project Financing Facility was repaid in its entirety by SDJ on May 30, 2024 and $0.2 million for the partial write-off of deferred financing costs for amendments to the Revolving Credit Facility. The debt extinguishment losses are excluded from our calculation of Adjusted EBITDA because the loss is nonrecurring. e. Relates to the step-up in inventory recorded for Allkem Livent Merger for the nine months ended September 30, 2024 as a result of purchase accounting, excluded from Adjusted EBITDA as the step-up is considered a one-time, non-recurring cost. f. The three and nine months ended September 30, 2024 primarily represents foreign currency remeasurement gains related to U.S. dollar-denominated cash balances temporarily held at a foreign currency-functional subsidiary. The three and nine months ended September 30, 2023, prior to consolidation of Nemaska Lithium Inc. ("NLI") on October 18, 2023, represents our 50% ownership interest in costs incurred for certain project-related costs to align NLI's reported results with Arcadium's capitalization policies and interest expense incurred by NLI, all included in Equity in net loss of unconsolidated affiliate in our condensed consolidated statements of operations. The Company consolidates NLI on a one-quarter lag basis and prior to October 18, 2023, accounted for its equity method investment in NLI on a one-quarter lag basis. g. Represents non-recurring gain from the sale in Argentina pesos of Argentina Sovereign U.S. dollar-denominated bonds due to the divergence of Argentina's Blue Chip Swap market exchange rate from the official rate. h. Represents interest income received from the Argentina government for the period beginning when the recoverability of certain of our expansion-related VAT receivables were approved by the Argentina government and ending on the date when the reimbursements were paid by the Argentina government but is excluded from our calculation of Adjusted EBITDA because of its association with long-term capital projects which will not be operational until future periods. i. The company excludes the GAAP tax provision, including discrete items, from the Non-GAAP measure Diluted adjusted after-tax earnings per share, and instead includes a Non-GAAP tax provision based upon the annual Non-GAAP effective tax rate. The GAAP tax provision includes certain discrete tax items including, but not limited to: income tax expenses or benefits that are not related to operating results in the current year; tax adjustments associated with fluctuations in foreign currency remeasurement of certain foreign operations; certain changes in estimates of tax matters related to prior fiscal years; certain changes in the realizability of deferred tax assets and related accounting impacts; and changes in tax law. Management believes excluding these discrete tax items assists investors and securities analysts in understanding the tax provision and the effective tax rate related to operating results thereby providing investors with useful supplemental information about the company's operational performance. The income tax expense/(benefit) on special charges/(income) is determined using the applicable rates in the taxing jurisdictions in which the special charge or income occurred and includes both current and deferred income tax expense/(benefit) based on the nature of the Non-GAAP performance measure. Three Months EndedSeptember 30, Nine Months Ended September 30, (in Millions) 2024 2023 2024 2023 Non-GAAP tax adjustments: Income tax benefit on restructuring and other charges and other corporate costs $ (3.5) $ (0.8) $ (26.9) $ (3.6) Revisions to our tax liabilities due to finalization of prior year tax returns (5.3) (0.3) (4.1) (0.4) Foreign currency remeasurement (net of valuation allowance) and other discrete items (9.5) (12.0) 38.4 (15.1) Blue Chip Swap gain 1.3 1.0 10.5 2.2 Tax effect of impairment charges (15.5) — (15.5) — Other discrete items (2.2) 1.3 1.2 (0.2) Total Non-GAAP tax adjustments $ (34.7) $ (10.8) $ 3.6 $ (17.1) RECONCILIATION OF CASH (USED IN)/PROVIDED BY OPERATING ACTIVITIES (GAAP) TO ADJUSTED CASH PROVIDED BY OPERATIONS (NON-GAAP)(Unaudited) Nine Months Ended September 30, (in Millions) 2024 2023 (1) Cash (used in)/provided by operating activities (GAAP) $ (158.9) $ 261.8 Restructuring and other charges 162.0 12.2 Argentina interest income (1.1) — Adjusted cash provided by operations (Non-GAAP) (2) $ 2.0 $ 274.0 ___________________ 1. Represents the results of predecessor Livent's operations for nine months ended September 30, 2023 which do not include the operations of Allkem. 2. The Company believes that the Non-GAAP financial measure Adjusted cash provided by operations provides useful information about the Company's cash flows to investors and securities analysts. Adjusted cash provided by operations excludes the effects of transaction-related cash flows. The Company also believes that excluding the effects of these items from cash (used in)/provided by operating activities allows management and investors to compare more easily the cash flows from period to period. RECONCILIATION OF LONG-TERM DEBT (GAAP) AND CASH AND CASH EQUIVALENTS (GAAP) TO NET DEBT (NON-GAAP)(Unaudited) (in Millions) September 30, 2024 December 31, 2023 (1) Long-term debt (including current maturities) (GAAP) (a) $ 724.4 $ 302.0 Less: Cash and cash equivalents (GAAP) (137.9) (237.6) Net debt (Non-GAAP) (2) $ 586.5 $ 64.4 ___________________ 1. Represents the financial position of predecessor Livent as of December 31, 2023, which does not include the financial position of Allkem. 2. The Company believes that the Non-GAAP financial measure Net debt provides useful information about the Company's cash flows and liquidity to investors and securities analysts. a. Presented net of unamortized discounts of $64.9 million and $22.2 million as of September 30, 2024 and December 31, 2023, respectively. RECONCILIATION OF CASH AND CASH EQUIVALENTS (GAAP) TO ADJUSTED CASH AND DEPOSITS (NON-GAAP) The following table provides a reconciliation of Arcadium Lithium's Cash and cash equivalents (GAAP) to Adjusted cash and deposits (Non-GAAP), on an unaudited basis for illustrative purposes. We define Adjusted cash and deposits (Non-GAAP) as Cash and cash equivalents, plus restricted cash in Other non-current assets, less Nemaska Lithium Cash and cash equivalents consolidated by Arcadium on a one-quarter lag, plus Nemaska Lithium Cash and cash equivalents not on a one-quarter lag. Our management believes that this measure provides useful information about the Company's balances and liquidity to investors and securities analysts. Such measure may not be comparable to similar measures disclosed by other companies because of differing methods used by other companies in calculating Adjusted cash and deposits. These measures should not be considered as a substitute for Cash and cash equivalents or other measures of liquidity reported in accordance with U.S. GAAP. September 30, 2024 December 31, 2023 (1) (in Millions) (unaudited) (1) Arcadium Lithium Cash and cash equivalents (GAAP) $ 137.9 $ 237.6 Allkem Cash and cash equivalents — 681.4 Add: Restricted cash in Other non-current assets: Project Loan Facility guarantee - Stage 2 of Olaroz Plant (SDJ) 18.1 24.6 Project Financing Facility guarantee - Sal de Vida (SDV) (2) — 32.5 Other 5.2 5.0 Less: Nemaska Lithium Cash and cash equivalents as of June 30, 2024 and October 18, 2023, respectively, consolidated by Arcadium on a one-quarter lag (42.0) (133.5) Arcadium Lithium, excluding Nemaska Lithium 119.2 847.6 Nemaska Lithium Cash and cash equivalents not on a one-quarter lag (3) 12.2 44.2 Adjusted cash and deposits (Non-GAAP) (4) $ 131.4 $ 891.8 _________________ 1. This unaudited information of the combined company as of December 31, 2023 is for illustrative purposes and was derived from the historical consolidated financial information of Livent, Allkem and Nemaska Lithium. 2. On May 30, 2024, SDV paid the outstanding principal balance of $47.0 million, a prepayment fee of $0.9 million and accrued interest and commitment fees of $1.3 million to repay the Project Financing Facility in its entirety. 3. The presentation reflects NLI's actual balance at that date, not on a one-quarter lag. This differs from Nemaska Lithium cash and cash equivalents included in Arcadium Lithium's condensed consolidated balance sheet as of September 30, 2024 of $42 million, representing NLI's balance as of June 30, 2024 as we consolidate NLI on a one-quarter lag. In the third quarter of 2024, the Company contributed cash of $43.9 million to Nemaska Lithium which, due to one-quarter lag reporting, is not yet recorded in our consolidation of Nemaska. The balance is recorded to Other assets - noncurrent because the cash is expected to be used by Nemaska primarily for capital expenditures. IQ contemporaneously made an equal contribution in the third quarter of 2024 which, due to one-quarter lag reporting, is not recorded in our consolidation of Nemaska. On March 28, 2024, Nemaska Lithium received cash of $150 million related to a second advance payment in connection with a customer supply agreement repayable in equal quarterly installments beginning in January 2027 and ending in October 2031. 4. $124.6 million and $176.9 million is required to be reserved or restricted at September 30, 2024 and December 31, 2023, respectively, to provide collateral or cash backing for guarantees primarily on Allkem debt facilities, including $23.3 million and $62.1 million at September 30, 2024 and December 31, 2023, respectively, in Other non-current assets in our condensed consolidated balance sheet. ARCADIUM LITHIUM PLCCONDENSED CONSOLIDATED BALANCE SHEETS(Unaudited) (in Millions) September 30, 2024 December 31, 2023 (1) Cash and cash equivalents $ 137.9 $ 237.6 Trade receivables, net of allowance of approximately $0.1 in 2024 and $0.3 in 2023 90.2 106.7 Inventories 389.6 217.5 Other current assets 247.9 86.4 Total current assets 865.6 648.2 Investments 40.0 34.8 Property, plant and equipment, net of accumulated depreciation of$345.5 in 2024 and $269.1 in 2023 7,249.2 2,237.1 Right of use assets - operating leases, net 54.8 6.8 Goodwill 1,293.2 120.7 Other intangibles, net 64.2 53.4 Deferred income taxes 48.2 1.4 Other assets 389.4 127.7 Total assets $ 10,004.6 $ 3,230.1 Total current liabilities 735.3 268.6 Long-term debt 436.0 299.6 Contract liabilities - long-term 251.2 217.8 Other long-term liabilities 1,448.2 160.3 Total Arcadium Lithium plc shareholders' equity 6,296.1 1,784.2 Noncontrolling interests 837.8 499.6 Total liabilities and equity $ 10,004.6 $ 3,230.1 ___________________ 1. Represents the financial position of predecessor Livent as of December 31, 2023, which does not include the financial position of Allkem. ARCADIUM LITHIUM PLCCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) Nine Months Ended September 30, (in Millions) 2024 2023 (1) Cash (used in)/provided by operating activities $ (158.9) $ 261.8 Cash used in investing activities (129.8) (315.5) Cash provided by/(used in) financing activities 203.1 (21.5) Effect of exchange rate changes on cash (14.1) (1.2) Decrease in cash and cash equivalents (99.7) (76.4) Cash and cash equivalents, beginning of period 237.6 189.0 Cash and cash equivalents, end of period $ 137.9 $ 112.6 ___________________ 1. Represents the results of predecessor Livent's operations for nine months ended September 30, 2023 which do not include the operations of Allkem. ARCADIUM LITHIUM PLCLONG-TERM DEBT(Unaudited) Interest Rate Percentage MaturityDate September 30, 2024 December 31, 2023 (1) (in Millions) SOFRborrowings Base rateborrowings Revolving Credit Facility 6.70 % 8.75 % 2027 $ 99.0 $ — 4.125% Convertible Senior Notes due 2025 4.125 % 2025 245.8 245.8 Transaction costs - 2025 Notes (1.2) (2.4) Nemaska - Prepayment agreement - tranche 1 (2) 8.9 % 75.0 75.0 Discount - Prepayment agreement (16.2) (19.8) Nemaska - Prepayment agreement - tranche 2 (2) 9.4 % 150.0 — Discount - Prepayment agreement (47.5) — Nemaska - Other 0.5 3.4 Debt assumed in Allkem Livent Merger (3) Project Loan Facility - Stage 2 of Olaroz Plant 2.61 % 2029 135.0 — Affiliate Loans with TTC 15.29 % 2030 81.5 — Affiliate Loan with TLP 10.34 % 2026 2.5 — Total debt assumed in Allkem Livent Merger 219.0 — Subtotal long-term debt (including current maturities) 724.4 302.0 Less current maturities (288.4) (2.4) Total long-term debt $ 436.0 $ 299.6 ________________________ 1. Represents the financial position of predecessor Livent as of December 31, 2023, which does not include the financial position of Allkem. 2. Represents advance payments in connection with customer supply agreement which do not have a contractual interest rate or bear any actual interest and are repayable in equal quarterly installments beginning in January 2027 and ending in October 2031. Represents U.S. GAAP imputed interest rate. 3. On September 10, 2024, SDJ paid the outstanding principal balance of $9.1 million to repay Stage 1 of the Olaroz Plan Project Loan Facility in its entirety. On May 30, 2024, SDV paid the outstanding principal balance of $47.0 million, a prepayment fee of $0.9 million and accrued interest and commitment fees of $1.3 million to repay the Project Financing Facility in its entirety. Logo - https://mma.prnasia.com/media2/2310012/Arcadium_Lithium_Horizontal_Logo.jpg?p=medium600
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