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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.

News

Li-Cycle Engages Moelis to Evaluate Financing and Strategic Alternatives

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Li-Cycle Holdings Corp. (NYSE: LICY) Engages Moelis & Company LLC as Financial Advisor for Evaluating Financing and Strategic Alternatives
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Li-Cycle Adopts Limited Duration Shareholder Rights Plan

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Li-Cycle Holdings Corp. announces the adoption of a limited duration shareholder rights plan to protect the long-term interests of the company and its shareholders. The plan is designed to prevent any person or group from gaining control of the company without compensating shareholders. It applies to all current and future shareholders and will issue one right for each common share. The rights become exercisable if an entity acquires 20% or more of the company's outstanding common shares.
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Li-Cycle to Host Third Quarter 2023 Earnings Conference Call/Webcast on Monday, November 13, 2023 at 4:15 p.m. (Eastern Time)

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Li-Cycle Holdings Corp. (NYSE: LICY) plans to release its financial results for its third quarter ended September 30, 2023, after market close on Monday, November 13, 2023. The company will also provide a business update. Investors can listen to the conference call live via audio-only webcast or through dial-in numbers. A replay of the conference call/webcast will be available on the Investor Relations section of the company's website.
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Li-Cycle Announces Review of the Rochester Hub Project

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Li-Cycle Holdings Corp. is pausing construction on its Rochester Hub project due to escalating construction costs. The company will conduct a comprehensive review of the project's go-forward strategy, including its scope and budget.
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Deputy Prime Minister Chrystia Freeland Visits Li-Cycle’s Battery Recycling Facility in Ontario

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Canadian Deputy Prime Minister and Minister of Finance visits Li-Cycle's lithium-ion battery recycling facility
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Li-Cycle Celebrates the Opening of One of the Largest Lithium-Ion Battery Recycling Facilities in Europe in Saxony-Anhalt, Germany

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Li-Cycle celebrates the grand opening of its first Spoke recycling facility in Germany, reinforcing its position as a leading sustainable battery recycler in Europe. The facility has the capacity to process up to 10,000 tonnes of lithium-ion battery material per year, making it one of the largest in Li-Cycle's portfolio. Germany represents the largest market for battery manufacturing scrap and end-of-life lithium-ion batteries in Europe. The Germany Spoke currently employs approximately 60 people and will strengthen the region's role in the clean technology industry.
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Li-Cycle to Participate in Event Co-hosted by the U.S. Department of Energy and the Cleantech Leaders Climate Forum

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Li-Cycle Holdings Corp. to participate in Deploy23 event, CEO to speak on community partnerships. Li-Cycle in final stage of $375 million loan commitment for Rochester Hub refining facility. Expected to be a leading source of battery-grade materials in North America.
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Li-Cycle and Glencore Accelerate Operational Plans for European Recycling Hub

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Li-Cycle and Glencore announce plans for a two-phase approach to the Portovesme Hub project in Sardinia, Italy to expedite the production of battery-grade lithium carbonate. Phase 1 expected to start operations in the first half of 2024, producing up to 1,500 tonnes of lithium carbonate. Phase 2 facility to have 50,000 to 70,000 tonnes of black mass processing capacity and produce up to 16,500 tonnes of lithium carbonate. The project aims to support a circular lithium-ion battery supply chain.
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Li-Cycle Reports Second Quarter 2023 Operational and Financial Results; Spoke & Hub Network on Path to Become A Top Global Producer of Key Battery-Grade Materials

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Li-Cycle Holdings Corp. (NYSE: LICY) announced a business update and financial results, highlighting expanded market-leading position and speed to market through growth of Spoke & Hub network in North America and Europe. The company is on path to produce up to 25,000 tonnes of lithium carbonate per year, with advanced construction of the Rochester Hub and the progression of the European Hub (Portovesme Hub) with Glencore. Li-Cycle also signed a memorandum of understanding with EVE Energy to collaborate on global sustainable lithium-ion battery recycling solutions. The company ended June 30, 2023, with cash on hand of $288.8 million.
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Li-Cycle Starts Operations at its First European Lithium-Ion Battery Recycling Facility, One of the Largest on the Continent

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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.

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Li-Cycle Holdings Corp.

NYSE:LICY

LICY Rankings

#4699 Ranked by Market Cap
N/A Ranked by Dividends

LICY Stock Data

63.39M
22.50M
24.03%
13.99%
5.38%
Waste Management
Hazardous Waste Management
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