INTERVIEW: Li-Cycle CEO on Why It's Time For Second Look at Battery Recycler [Yahoo! Finance]
Li-Cycle Holdings Corp. (LICY)
Company Research
Source: Yahoo! Finance
A number of promising developments is making the case that investors need to take a second look at Li-Cycle Holdings Corp. (NYSE: LICY), which recycles batteries and battery manufacturing scrap into new lithium-ion batteries for electric vehicles. The company announced a $75 million infusion from metals miner Glencore Plc in March. It also has a conditional commitment for a Department of Energy loan of $375 million, and is reviewing restarting construction at its Rochester, N.Y., plant after a pause because of escalating costs. A federal court recently dismissed a class action lawsuit with finality after investors failed to show securities fraud in a proposed class action over cost overruns at the Rochester hub. Li-Cycle's hub-and-spoke business model involves reclaiming nickel, cobalt, and lithium in “spoke” facilities and converting the extracted metal powder to battery-grade materials. “We firmly believe the long term fundamentals of the market are still strong,” said Li-Cyc
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LICY
News
- Li-Cycle Holdings Corp. (NYSE:LICY) surges 31%; retail investors who own 53% shares profited along with institutions [Yahoo! Finance]Yahoo! Finance
- NIRI Philadelphia Elects 2024 – 2025 Board Members [Yahoo! Finance]Yahoo! Finance
- Li-Cycle Completes Share Consolidation [Yahoo! Finance]Yahoo! Finance
- Li-Cycle Completes Share ConsolidationBusiness Wire
- Global Battery Material Recycling Market Report 2024-2030, Featuring GEM, Li-Cycle, Gravita India, Gopher Resource, Cirba Solutions, RecycLiCo Battery Materials, Redux, Redwood Materials and Umicore [Yahoo! Finance]Yahoo! Finance
LICY
Earnings
- 11/13/23 - Miss
LICY
Sec Filings
- 6/5/24 - Form 8-K/A
- 6/4/24 - Form 8-K
- 6/4/24 - Form 8-K
- LICY's page on the SEC website