Li-Cycle Closes $75 Million Strategic Investment from Glencore

TORONTO — Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, is pleased to announce that an affiliate of Glencore plc (LON: GLEN) (“Glencore”), a leading producer,

By: financialpost.com

Mar 25 2024
53
7186 Views

TORONTO -- Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a leading global lithium-ion battery resource recovery company, is pleased to announce that an affiliate of Glencore plc (LON: GLEN) (“Glencore”), a leading producer, recycler, and marketer of nickel and cobalt for the production of lithium-ion batteries, has completed its previously announced $75 million investment in Li-Cycle through the purchase of a senior secured convertible note (the “Note”). Read More