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 (LICY) is a leader in sustainable lithium-ion battery recycling, transforming industrial and consumer battery waste into high-purity materials through advanced recovery processes. This page serves as the definitive source for verified company news and official updates.
Access real-time announcements including operational milestones, strategic partnerships, and technological innovations in hydrometallurgical processing. Investors and stakeholders will find essential updates on resource recovery advancements and circular economy initiatives that define LICY's market position.
Our curated news collection features earnings disclosures, regulatory developments, and sustainability progress reports. All content is sourced directly from company communications to ensure accuracy and compliance with financial reporting standards.
Bookmark this page for streamlined access to Li-Cycle's evolving role in battery recycling technology and sustainable materials management. Check regularly for critical updates impacting the clean energy and resource recovery sectors.
Li-Cycle Holdings (NYSE:LICY) announced its approval to trade on the OTCQX® Best Market under the symbol 'LICYF' starting February 27, 2025. This move follows the NYSE's suspension of trading and delisting process due to non-compliance with price requirements, as the company's shares averaged below $1.00 over 30 trading days after a reverse stock split.
The transition to OTCQX aims to reduce costs while maintaining efficient access to U.S. capital markets. The company secured waivers from convertible debt holders Glencore Canada and Wood River Capital until April 30, 2025. Li-Cycle will continue its SEC reporting obligations and plans to list on another eligible market in accordance with convertible debt terms.
The company remains focused on securing complete funding for its Rochester Hub project and meeting conditions for the first advance under its DOE loan facility.
Li-Cycle Holdings Corp. (NYSE: LICY) reports significant growth in its Battery Energy Storage System (BESS) recycling operations. In 2024, the company recycled over 100 MWh equivalent of battery feedstock from U.S. BESS partners, marking a 33% increase from the previous year. During Q4 2024, BESS materials represented approximately 27% of the company's U.S. recycling feedstock.
The U.S. energy storage market is projected to expand from 34.4 GWh in 2024 to approximately 67.5 GWh in 2028, primarily driven by grid-scale applications. Li-Cycle's services support domestic energy independence and supply chain onshoring through BESS recycling and critical material recovery. The company has successfully handled various BESS projects, including processing severely damaged battery modules and managing a large-scale recycling operation of approximately 60 MWh of modules for an environmental services company.
Li-Cycle Holdings Corp. (NYSE: LICY) has announced an exclusive recycling partnership with a leading global electric vehicle manufacturer for its Germany Spoke facility. The agreement will provide additional feedstock from an EU-based electric vehicle production facility, expanding Li-Cycle's commercial presence in the European Union.
The partnership represents another collaboration with a major global EV OEM, validating Li-Cycle's recycling technology and service quality. The agreement aims to support the company's objective of providing a local and sustainable secondary supply of critical battery materials while contributing to the development of a profitable Spoke network.
Li-Cycle Holdings Corp. (NYSE: LICY) has secured an exclusive recycling agreement with a luxury electric vehicle manufacturer in Germany. The partnership focuses on recycling lithium-ion battery manufacturing scrap at Li-Cycle's Germany Spoke facility, with feedstock sourced within Germany.
Throughout 2024, Li-Cycle has provided recycling services to approximately 13 EV OEMs and 15 battery cell and material producers. The company's largest feedstock source during 2024 was a U.S.-headquartered, vertically integrated EV and battery manufacturer with significant global market share.
Li-Cycle Holdings (NYSE: LICY) has expressed support for the 'Unleashing American Energy' Executive Order signed by President Trump on January 20, 2025. The order aims to enhance domestic energy production and strengthen the U.S. energy landscape through streamlined permitting processes and reduced regulatory burdens.
The initiative aligns with Li-Cycle's mission of establishing 'urban mining' for domestic battery resources and enhancing U.S. energy independence. While the order has paused certain disbursements for 90 days, Li-Cycle maintains its commitment to working with the U.S. Department of Energy regarding its binding DOE loan facility.
The company has invested over $500 million in its current and future American operations, focusing on recycling and recovering valuable materials such as lithium, nickel, and cobalt from spent batteries and manufacturing scrap.
Li-Cycle Holdings (NYSE: LICY) has completed its previously announced underwritten public offering, raising approximately $15 million in gross proceeds. The offering consisted of 5,000,000 units and 10,000,000 pre-funded units at $1.00 and $0.99999 per unit, respectively.
Each unit includes one common share and two warrants (Series A and B), while pre-funded units contain one pre-funded warrant and two warrants. Series A warrants expire in eight months, while Series B warrants have a five-year term, both with an initial exercise price of $1.00 per share.
The company secured a consent agreement with Glencore Canada regarding the warrant issuance and amendments to existing notes. Li-Cycle plans to use the proceeds for working capital and general corporate purposes. The independent board members determined the company is in serious financial difficulty, utilizing financial hardship exemptions for the transaction approval.
Li-Cycle Holdings Corp. (NYSE: LICY) has announced the pricing of its underwritten public offering in the United States, expecting to raise approximately $15 million in gross proceeds. The offering consists of 15,000,000 units priced at $1.00 per unit, with each unit containing one common share, one Series A Warrant, and one Series B Warrant.
Both warrant series are exercisable at $1.00 per Common Share, with Series A Warrants expiring after eight months and Series B Warrants after five years. The company has granted Aegis Capital Corp., the sole book-running manager, a 45-day option to purchase up to 15% additional shares and warrants to cover over-allotments. The offering is expected to close around January 16, 2025.
The net proceeds will be used for working capital and general corporate purposes.
Li-Cycle Holdings (NYSE: LICY) has announced the launch of an underwritten public offering in the United States. The offering consists of units comprising common shares (or pre-funded warrants) and warrants to purchase common shares. Aegis Capital Corp will serve as the sole book-running manager and will receive a 45-day option to purchase up to 15% additional common shares and warrants to cover over-allotments.
The company plans to use the net proceeds for working capital and general corporate purposes. While the common shares trade on NYSE under 'LICY', the offered warrants and pre-funded warrants will not be listed on any exchange. The offering is subject to market conditions, with no guarantee of completion or final terms.
Li-Cycle Holdings Corp. (NYSE: LICY) has released preliminary commercial and operational highlights for 2024. The company's largest battery feedstock source was a major U.S.-based EV and battery manufacturer. Throughout 2024, Li-Cycle served approximately 13 EV manufacturers and 15 key battery cell and material producers.
The company produced about 5,370 tonnes of black mass and equivalents in 2024, with 1,200 tonnes in Q4. Li-Cycle is prioritizing securing a full financing package to restart the Rochester Hub construction and meet requirements for the $475 million DOE loan facility.
As of December 31, 2024, Li-Cycle had $22.6 million in cash and cash equivalents, down from $32.2 million in September 2024. The company raised $16.3 million through its at-the-market program, issuing 7,403,621 common shares at an average price of $2.25 per share.
Li-Cycle and Glencore are resuming collaboration to evaluate developing a new Hub facility in Portovesme, Italy. The project includes a concept and pre-feasibility study, led and funded by Glencore with Li-Cycle's technical support. The facility would utilize Glencore's existing metallurgical complex and Li-Cycle's Spoke & Hub Technologies to produce critical battery materials from recycled content.
The black mass would be supplied from Glencore's network and Li-Cycle's German facility. Following the recent $475M DOE loan facility closure, Li-Cycle continues focusing on securing complete funding to restart the Rochester Hub construction. The First A&R Glencore Convertible Note will be modified on December 9, 2024, potentially increasing Glencore's ownership to approximately 66% on a fully-diluted basis.
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