Li-Cycle Reports Third Quarter 2024 Operational and Financial Results, Including Strong Revenue Growth and Lower Costs
Li-Cycle Holdings Corp. (LICY)
Company Research
Source: Business Wire
HighlightsClosed an upsized $475-million loan facility with the U.S. Department of Energy (“DOE”) to support development of the Company's Rochester Hub project;Completed Rochester Hub internal technical review under the proposed mixed hydroxide precipitate (“MHP”) scope and expects annual production of up to approximately 8,250 tonnes of lithium carbonate and up to approximately 72,000 tonnes of MHP;Secured 100% off-take agreement with Glencore Ltd. for the MHP production from the Rochester Hub on market terms;Achieved strong year-over-year revenue growth of 79% to $8.4 million, which is equal to the previous quarter’s record revenue;Lowered selling, general & administrative ("SG&A") expenses by 50% year-over-year to $12.9 million, mainly due to the Company's cash preservation initiatives;Prioritizing full financing package to support construction restart at the Rochester Hub and to satisfy requirements for first advance of the DOE loan facility; andWorking to establish a self-suffici
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LICY
Analyst Actions
- 11/18/24 - UBS
LICY
Sec Filings
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- LICY's page on the SEC website