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Stock impact report

Li-Cycle Provides Business Update, Following Announcement of $75 Million Investment from Glencore

Li-Cycle Holdings Corp. (LICY) 
Company Research Source: Business Wire
Conference Call and Webcast on Tuesday, March 19 at 8:15 a.m. Eastern Time to discuss business update and 2023 financial resultsHighlightsAnnounced $75 million strategic investment from Glencore and amended existing convertible note, with expected closing on or about March 25th, 2024;Continuing to work closely with the U.S. Department of Energy (DOE) on the conditional commitment for a loan of up to $375 million;Executing on Cash Preservation Plan, including further organization right-sizing and right-shaping, as well as streamlining of operations;Delivered 6,825 tonnes of black mass & black mass equivalents, exceeding the top end of the revised annual production guidance; andConducting an internal technical review to examine scope and cost for the Rochester Hub project and confirmed technical viability to produce lithium carbonate and mixed hydroxide precipitate. TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (NYSE: LICY) ("Li-Cycle" or the “Company"), a leading global lithium- Show less Read more
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