Reported Earlier, Arcadium Lithium Halts Stage 4A Waste Stripping At Mt Cattlin, Transitioning Site To Care & Maintenance By Mid-2025
Portfolio Pulse from Benzinga Newsdesk
Arcadium Lithium has decided to halt Stage 4A waste stripping at its Mt Cattlin site, transitioning it to care and maintenance by mid-2025. This move is expected to increase net cash flow by USD 75 to 100 million in 2024 and 2025. The company is exploring underground mining to potentially extend the mine's life.
September 05, 2024 | 7:05 am
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Arcadium Lithium is halting Stage 4A waste stripping at Mt Cattlin, transitioning to care and maintenance by mid-2025. This decision is expected to boost cash flow by USD 75 to 100 million in 2024 and 2025.
The decision to halt waste stripping and transition to care and maintenance is expected to significantly increase cash flow, which is positive for the company's financial health. The exploration of underground mining could extend the mine's life, adding potential future value.
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