Welcome to our dedicated page for Li-Cycle Holdings news (Ticker: LICY), a resource for investors and traders seeking the latest updates and insights on Li-Cycle Holdings stock.
Li-Cycle Holdings Corp. (NASDAQ: LICY) is a pioneering company specializing in the recovery and recycling of lithium-ion batteries. The company has developed a proprietary Spoke and Hub recycling process, which plays a vital role in the circular economy by addressing the challenges of battery waste and resource scarcity. The Spoke and Hub model is designed to efficiently process battery manufacturing scrap and end-of-life batteries, thereby producing black mass and other intermediate products at its Spokes. These materials are then further refined at the company's Hubs to recover essential raw materials such as lithium carbonate, cobalt sulphate, and nickel sulphate.
Li-Cycle’s innovative recycling process ensures the responsible disposal and re-utilization of batteries, contributing significantly to sustainability efforts and the reduction of environmental impact associated with electronic waste. The company's expertise in resource recovery is increasingly critical as the demand for rechargeable batteries grows across various sectors, including electric vehicles and renewable energy storage.
Recent Achievements and Projects:
- Expanded its operational footprint with new Spoke facilities in North America and Europe.
- Secured partnerships with major battery manufacturers and automotive companies to streamline the recycling process.
- Invested in advanced technologies to enhance the efficiency and capacity of their recycling operations.
Financially, Li-Cycle Holdings Corp. is strategically positioned to leverage the booming battery recycling market, with a robust business model that supports both revenue growth and environmental stewardship. The company continues to report significant progress in their mission to achieve a sustainable and closed-loop battery supply chain.
Li-Cycle Holdings Corp. (NYSE: LICY) announced the redemption of all outstanding warrants at a price of $0.10 each, effective January 26, 2022. This decision follows the company's determination that the reference value for its common shares met the criteria for redemption. Holders may choose to exercise their warrants for cash at $11.50 per share or opt for a cashless 'Make-Whole Exercise' conversion into common shares. Following the redemption date, unexercised warrants will be rendered void. The announcement reflects Li-Cycle's ongoing strategy in the lithium-ion battery recycling sector.
Li-Cycle (NYSE: LICY) is set to enhance its Hub facility's processing capacity by over 40%, increasing from 25,000 to 35,000 tonnes annually to meet rising lithium-ion battery recycling demand.
The Hub, located in Rochester, NY, will require an estimated capital investment of $485 million and aims to produce battery-grade nickel, cobalt, and lithium. Additionally, Li-Cycle has signed a non-binding agreement with LG for a 10-year collaboration to recycle battery materials and will receive a $50 million equity investment from LG upon agreement completion.
Li-Cycle Holdings Corp. (NYSE: LICY) announced a strategic investment of
Li-Cycle Holdings Corp. (NYSE: LICY) announced the appointment of Debbie Simpson as Chief Financial Officer (CFO), effective February 1, 2022. Simpson, who has over 30 years of experience in finance, will take over from retiring CFO Bruce MacInnis. Her previous roles include CFO at Maple Leaf Foods, where she was integral in securing over $2 billion in funding. Li-Cycle aims to expand globally in lithium-ion battery recycling, and Simpson's expertise is expected to drive growth and enhance shareholder value.
Li-Cycle (NYSE: LICY) announced a partnership with Arrival (NASDAQ: ARVL) to enhance the sustainability of the EV battery supply chain in the U.S. and Europe. This collaboration focuses on thought leadership and R&D for improving lithium-ion battery recycling and efficiency. Arrival aims to use Li-Cycle's innovative recycling technologies to transform end-of-life batteries from its EV fleets into new battery-grade materials. Both companies are committed to creating a closed-loop system to better manage battery lifecycle impacts and improve resource recovery.
Li-Cycle Holdings Corp. (NYSE: LICY) announced the appointment of Nahla Azmy as Senior Vice President of Investor Relations and Financial Communications. Effective immediately, she will lead all investor relations activities and report to CEO Ajay Kochhar. With over 20 years of experience, Azmy aims to enhance the company’s engagement with the financial community as it focuses on expanding its lithium-ion battery recycling technologies. Her previous roles include senior positions at various growth-oriented firms, establishing robust investor relations programs.
Atlis Motor Vehicles has partnered with Li-Cycle Corp. to enhance lithium-ion battery recycling in their electric vehicle supply chain. This collaboration supports ATLIS's commitment to environmental responsibility while potentially lowering production costs. ATLIS is developing a fully electric vehicle platform and proprietary battery technology, aiming for a 500-mile range with quick charging capabilities. Li-Cycle's innovative recycling method recovers up to 95% of critical materials, addressing the growing demand for sustainable battery production as over 2 million tonnes of batteries will require recycling by 2025.
Li-Cycle Holdings Corp. (NYSE: LICY) has appointed Manfred Schmidt as Commercial VP, Battery Supply for the EMEA region, effective immediately. Mr. Schmidt brings over 20 years of experience, with a focus on enhancing battery supply customer relationships and executing the company's business development strategy. This move is seen as crucial for tapping into the growing lithium-ion battery market driven by rising electric vehicle adoption in Europe. The leadership change aims to accelerate Li-Cycle's expansion and strengthen its recycling technologies in new markets.
Li-Cycle Holdings Corp. (NYSE: LICY) is hosting its inaugural Battery Recycling Day on Wednesday, October 6, 2021, from 1:00 to 3:00 PM EST. This event aims to unite key industry players and government representatives to discuss the future of battery recycling and its significance in achieving the United Nations' goal of zero-carbon emissions by 2050. Topics include recycling in the transportation sector and the development of next-generation batteries. Registration is open now through the link provided.
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