Li-Cycle

Li-Cycle is pleased to announce its Q3 2024 operational and financial results, including strong revenue growth and lower costs

“We believe the completion of the DOE loan agreement and the continued support from partners like Glencore are strong endorsements of our technology, business model, and the key role that Li-Cycle will play to support the shift to electrification. We also thank the DOE for their continued support and are grateful for the bipartisan support for lithium-ion battery recycling and how it can underpin the development of a strong domestic battery supply chain.” said Ajay Kochhar, Li-Cycle's President & CEO.

Notable takeaways from Li-Cycle’s Q3 results include:

• Closed upsized $475-million loan facility with U.S. Department of Energy to support development of our Rochester Hub project
• Completed Rochester Hub technical review under the proposed mixed hydroxide precipitate (MHP) scope
• Established a commercial framework with Glencore for Rochester Hub products
• Reported higher revenue, reduced costs and increased black mass production year-over-year

Complete details in our Q3 results press release: https://li-cycle.com/press-releases/li-cycle-reports-third-quarter-2024-operational-and-financial-results-including-strong-revenue-growth-and-lower-costs/

We are proud to share that 0% of our Scope 1 emissions in 2023 resulted from our recycling process. Our Spoke technology is designed to be a clean, zero-combustion process that avoids direct GHG emissions.

Find out how Li-Cycle is working to curb emissions and our environmental footprint in our 2023 Sustainability Report.
https://li-cycle.com/wp-content/uploads/2024/05/2023-Li-Cycle-Sustainability-Report.pdf

At Li-Cycle, we foster a diverse and inclusive work environment. To show our ongoing commitment to diversity, inclusion, and equity, the Nominating and Corporate Governance Committee of Li-Cycle's Board of Directors set a goal of achieving 30% gender diversity on the Board, which was successfully met in 2023.

Including diverse and experienced Directors has strengthened the Board's independence, expertise, and gender diversity while aligning with our goal of creating an inclusive and representative governance structure.

To learn more about our initiatives, check out our 2023 Sustainability Report: https://lnkd.in/gaRfkKUy

We prioritize the health and safety of our people above all else, striving for a zero-harm workplace across Li-Cycle. The health and safety principles of Li-Cycle and its operational partners are centered around providing safe and healthy working conditions with a focus on prevention of work-related injuries and illnesses.

Through Li-Cycle’s Blue Shift initiative, where our Spokes identify operational and safety improvements, we have implemented 240 safety-related improvements across our North American Spoke network.

To learn more about our initiatives, check out our 2023 Sustainability Report:https://li-cycle.com/wp-content/uploads/2024/05/2023-Li-Cycle-Sustainability-Report.pdf

At Li-Cycle, we prioritize the health and safety of our people above all else, striving for a zero-harm environment across all our operations. Since the company’s inception, we have incurred zero critical safety, environmental and community incidents.

Learn how Li-Cycle is dedicated to providing secure and healthy work environments, proactively working to prevent injuries and illnesses in the workplace in our 2023 Sustainability Report.
https://li-cycle.com/wp-content/uploads/2024/05/2023-Li-Cycle-Sustainability-Report.pdf