Li-Cycle Has Entered Into An Agreement With Glencore Covering The Off-take Of 100% Of The MHP To Be Produced At Its Rochester Hub

Li-Cycle Holdings Corp. Common Shares -10.47% Post

Li-Cycle Holdings Corp. Common Shares

LICY

2.31

2.29

-10.47%

-0.87% Post

  • Company secures 100% off-take agreement with Glencore for the mixed hydroxide precipitate ("MHP") production from the Rochester Hub on market terms
  • Li-Cycle completes Rochester Hub technical review under the proposed MHP scope and expects annual production of up to approximately 8,250 tonnes of lithium carbonate and 72,000 tonnes of MHP at the project
  • Amended commercial agreements support progress toward the finalization of the definitive financing documentation required for the U.S. Department of Energy ("DOE") loan
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