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Arcadium Lithium Is Making A New Acquisition In Canada

August 5, 2024
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Arcadium Lithium Is Making A New Acquisition In Canada

One of the largest publicly traded lithium companies in the United States is turning to Canada for a new acquisition.

What’s happening:

  • Arcadium Lithium (NYSE: ALTM) is acquiring technology and a pilot plant from Li-Metal (CSE: LIM) in a new deal for $11M USD

Why it matters:

  • Li-Metal is widely considered to be the first company to successfully produce refined lithium metal from carbonate, which represents a significant breakthrough in materials technology

By the numbers:

  • The current market capitalization of Arcadium Lithium is $2.7B USD
  • The current market capitalization of Li-Metal is $15M CAD

Going deeper:

  • Li-Metal's pilot plant is located in Markham, Ontario and has been advancing new technology for lithium anode and lithium metal to be produced from widely available feedstock supply
  • Arcadium Lithium currently has lithium operations in Argentina and Australia, as well as producing speciality lithium products in the United States, the United Kingdom and China

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