Colombian coal miners accept deal, avoid Cerrejon strike

Shares of Arcadium Lithium rose about 7% in extended trading after the company said that about 98% of its shareholders had voted in favor of the sale.

One charge was deemed "very serious," the highest of three offense levels, for non-compliance dating back to a 2014 sanction.

The 36-month agreement will start on May 1, 2025.

Chilean conglomerate CAP, which has invested $80 million in the company's Penco project, will become a new shareholder.