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Li-Cycle Holdings Corp. - LICY STOCK NEWS

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.

Rhea-AI Summary

Li-Cycle Holdings Corp. (NYSE: LICY) will host its First Quarter 2024 Earnings Conference Call/Webcast on May 10, 2024, at 8:30 a.m. (Eastern Time). The company will release its financial results and provide a business update for the quarter ended March 31, 2024. Investors can listen to the conference call via webcast or dial-in numbers provided.

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Li-Cycle Holdings Corp. (NYSE: LICY) announces its 2024 annual general and special meeting of shareholders to be held virtually on May 23, 2024. The Company emphasizes environmental sustainability by using notice-and-access procedures for delivering Meeting materials. Li-Cycle has also filed its Annual Report on Form 10-K for the year ended December 31, 2023.
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Li-Cycle transitions to centralized management model to increase efficiencies, expecting $10 million in cost savings annually. Leadership changes announced to align with new structure.
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Li-Cycle Holdings Corp. (NYSE: LICY) announces a $75 million investment from Glencore plc, boosting liquidity and funding strategy. The investment is a convertible note, strengthening the partnership between the two companies.
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LICY to hold conference call to discuss business update and 2023 financial results, secures $75 million strategic investment from Glencore.
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The press release highlights the company's strong performance in 2023, with a transition to reporting under U.S. GAAP, significant production growth, revenue increase, and a substantial strategic investment. Financially, the company exceeded production targets, reported revenue growth, and secured a significant investment.
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Li-Cycle Holdings Corp. announces a $75 million investment from Glencore plc to enhance liquidity and support future plans. The agreement builds on their long-term partnership and aims to bring circularity to the battery materials space.
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Li-Cycle Holdings Corp. (NYSE: LICY) has received a notice from the New York Stock Exchange indicating non-compliance with listing standards due to the average closing price of its common stock being less than $1.00 over a consecutive 30 trading-day period. The company has a six-month period to bring its average closing share price to at least $1.00. The notice has no immediate effect on the listing of the company’s common shares on the NYSE.
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Li-Cycle Holdings Corp. (NYSE: LICY) is evaluating financing and strategic alternatives after regulatory filings by Glencore plc and its affiliates regarding discussions with the company. The company has engaged Moelis & Company LLC as a financial advisor to assist in the process, which includes existing stakeholders and potential new investors.
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Li-Cycle Holdings Corp. (NYSE: LICY) announced a financial update and business progress, including a comprehensive review of the Rochester Hub project, working with the U.S. Department of Energy for a loan commitment of up to $375 million, and evaluating financing and strategic alternatives with Moelis & Company LLC. The company paused construction on the Rochester Hub project due to escalating costs, leading to a significant budget overrun, and is undertaking a comprehensive review of the go-forward strategy for the project. Financial results for Q3 2023 showed a net loss of $130.5 million, driven by an impairment charge of $96.5 million related to the Rochester Hub.
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FAQ

What is the current stock price of Li-Cycle Holdings (LICY)?

The current stock price of Li-Cycle Holdings (LICY) is $2.73 as of November 4, 2024.

What is the market cap of Li-Cycle Holdings (LICY)?

The market cap of Li-Cycle Holdings (LICY) is approximately 63.4M.

What does Li-Cycle Holdings Corp. do?

Li-Cycle specializes in recovering and recycling lithium-ion batteries using its Spoke and Hub process.

How does Li-Cycle's Spoke and Hub process work?

The process involves processing battery scrap and end-of-life batteries at Spokes to produce black mass, which is then refined at Hubs to recover raw materials.

What raw materials does Li-Cycle recover?

Li-Cycle recovers lithium carbonate, cobalt sulphate, and nickel sulphate from recycled batteries.

What recent achievements has Li-Cycle made?

Li-Cycle has expanded its facilities, secured key partnerships, and invested in advanced recycling technologies.

Why is battery recycling important?

Battery recycling helps reduce electronic waste and ensures the sustainable reuse of valuable raw materials.

Who are Li-Cycle's partners?

Li-Cycle partners with major battery manufacturers and automotive companies.

Where are Li-Cycle's facilities located?

Li-Cycle operates Spoke facilities in North America and Europe, with plans for further expansion.

What industries benefit from Li-Cycle's services?

Industries such as electric vehicles and renewable energy storage benefit from Li-Cycle's battery recycling services.

How does Li-Cycle contribute to sustainability?

Li-Cycle promotes sustainability by recycling batteries, reducing waste, and recovering valuable materials for reuse.

Is Li-Cycle financially stable?

Li-Cycle is strategically positioned in the growing battery recycling market, supporting both revenue growth and sustainability.

Li-Cycle Holdings Corp.

NYSE:LICY

LICY Rankings

LICY Stock Data

63.39M
22.50M
24.03%
13.99%
5.38%
Waste Management
Hazardous Waste Management
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United States of America
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