Li-Cycle Holdings Corp. (LICY) Tops Q1 EPS by 24c

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Go back to Li-Cycle Holdings Corp. (LICY) Tops Q1 EPS by 24c

Li-Cycle Reports First Quarter 2022 Financial Results; Significant Milestone Achieved for Rochester Hub Project

March 17, 2022 6:00 AM EDT

Obtained key environmental permits for Rochester Hub, the first hydrometallurgical battery resource recovery facility in North America, on track for commissioning in 2023; Nearing start-up of operations at the Arizona Spoke; adding incremental lithium-ion battery processing capacity of up to 10,000 tonnes per year; first recycling facility to use Li-Cycle's  proprietary technology to process full EV battery packs; $552.2 million in cash on hand as of January 31, 2022; Increased revenue by 277% to $3.8 million; and Redeemed all outstanding warrants in January... More