Li-Cycle Holdings Corp. (LICY) has released an update.
Li-Cycle Holdings Corp. has announced a strategic $75 million investment from Glencore, with aims to close by March 2024, and is working with the U.S. Department of Energy on a potential $375 million loan. The company is actively implementing a Cash Preservation Plan and has surpassed its annual production guidance by delivering 6,825 tonnes of black mass & equivalents. Furthermore, Li-Cycle is conducting an internal review of their Rochester Hub project, confirming its technical capabilities for producing key battery materials.
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