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LIVENT RELEASES FIRST QUARTER 2022 RESULTS

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

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 .

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Livent Corporation

Livent is a pure-play lithium producer formed when FMC spun off its lithium business in October 2018. Livent should benefit from increased lithium demand via higher electric vehicle adoption, as lithium is a key component of EV batteries. The company's low-cost lithium carbonate production comes from brine resources in Argentina. Livent also operates downstream lithium hydroxide conversion plants in the United States and China and has a 25% stake in a fully integrated Canadian lithium project.

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