Livent, a chemical manufacturing company, agreed to acquire a 25% stake in Nemaska Lithium, a lithium mining company, from The Pallinghurst Group, a private equity firm, for $374m. Livent will issue 17m shares of its common stock to The Pallinghurst Group. "Nemaska has made significant progress with its strategic plans under QLP's leadership. We will merge our interests in an all-share transaction and our investors are excited to continue to be exposed to Nemaska as long-term shareholders in Livent," Arne H. Frandsen and Andrew Willis, Pallinghurst Co-Founders and Managing Partners.