Livent Corp (LTHM)

[TradingCharts]

Livent Announces Agreement to Double its Ownership Stake in Nemaska Lithium to 50 Percent

PHILADELPHIA, May 2, 2022 /PRNewswire/ -- Livent Corporation (NYSE: LTHM) today announced that it has agreed to double its ownership interest to 50% in Nemaska Lithium Inc. ("Nemaska"), a fully integrated lithium hydroxide development project located in Québec, Canada. Livent will issue 17,500,000 shares of its common stock to The Pallinghurst Group ("Pallinghurst") and its investors to acquire their half of Québec Lithium Partners ("QLP"). Livent already owns the other half of QLP. Following the close of the transaction, QLP will become a wholly owned subsidiary of Livent, and Livent will in turn own 50% of Nemaska through QLP. Investissement Québec ("IQ") will remain the owner of the remaining 50% interest in Nemaska

https://www.prnewswire.com/news-releases/livent-announces-agreement-to-double-its-ownership-stake-in-nemaska-lithium-to-50-percent-301537692.html