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0.0128331688055281 -0.00719221548441686 -0.00705119165138909 -0.0241150754477507 -0.0277816951064731 -0.0480891270624736 -0.0445635312367791 -0.0408969115780567
Stock impact report

Li-Cycle Reports First Quarter 2024 Operational and Financial Results

Li-Cycle Holdings Corp. (LICY) 
Company Research Source: Business Wire
HighlightsContinued to work closely with the U.S. Department of Energy on key technical, financial and legal workstreams to advance toward definitive financing documentation required for a loan for gross proceeds of up to $375 million;Advanced commercial relationships, including entering into new or expanded strategic agreements with three of the largest electric vehicle (EV) companies in Europe;Closed the $75 million senior secured convertible note issued to Glencore to strengthen long-term partnership and enhance Li-Cycle’s liquidity position;Continued Cash Preservation Plan with change to centralized organizational structure and workforce reductions expected to generate savings of up to $10 million annually;Progressed work on Rochester Hub project review, including advancing work with the local market to refine cost estimates; andEnded the first quarter with a cash and cash equivalents of $109.1 million. TORONTO--(BUSINESS WIRE)--Li-Cycle Holdings Corp. (NYSE: LICY) ("Li-Cycle" Show less Read more
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