Li-Cycle Reports Third Quarter 2024 Operational and Financial Results, Including Strong Revenue Growth and Lower Costs [Yahoo! Finance]
Li-Cycle Holdings Corp. (LICY)
Company Research
Source: Yahoo! Finance
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; and Working to establish a self-sufficient and financially accretive Spoke business through optimization initiatives and focus on Generation 3 Spokes. TORONTO, November 07, 2024 BUS
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News
- Li-Cycle Provides Update on Pre-Feasibility Study for European Recycling Hub Project and Collaboration with Glencore [Yahoo! Finance]Yahoo! Finance
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- Li-Cycle Holdings Corp. (NYSE: LICY) had its price target raised by analysts at UBS Group AG from $2.00 to $2.25. They now have a "neutral" rating on the stock.MarketBeat
- Toronto Pearson Announces Departure of Chief Financial Officer J'Maine Chubb [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
LICY
Analyst Actions
- 11/18/24 - UBS
LICY
Sec Filings
- 12/10/24 - Form 8-K
- 12/9/24 - Form SC
- 12/5/24 - Form 4
- LICY's page on the SEC website