Li-Cycle Holdings Corp. (LICY) has released an update.
Li-Cycle Holdings Corp. has secured a strategic $75 million investment from Glencore, strengthening its financial position and advancing its partnership with the multinational commodity trading and mining company. The investment, made through a senior secured convertible note with a five-year term, is part of Li-Cycle’s broader strategy to enhance liquidity and explore further financing options, including a potential $375 million loan from the U.S. Department of Energy. This collaboration underscores Li-Cycle’s commitment to its mission of creating a sustainable battery recycling ecosystem for a cleaner energy future.
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