Li-Cycle Holdings Corp. (LICY) Misses Q2 EPS by 2c, Revenues Beat
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Li-Cycle Reports Second Quarter 2022 Financial Results; Closed Two Significant Long-Term Commercial Partnerships with Combined Investment of $250 Million
June 14, 2022 6:00 AM EDTCompleted long-term commercial agreements with leading global participants in the battery materials supply chain, designating Li-Cycle as a preferred recycling partner; $509.3 million in cash on hand as of April 30, 2022; pro-forma cash of approximately $760 million including a total investment of $250 million in Li-Cycle; Sufficient liquidity for capital and operating needs for the current project pipeline; Operationalized the Arizona Spoke; on track for start-up of the Alabama Spoke; reiterating black mass production target of 6,500 to 7,500 tonnes for fiscal year 2022;... More
