Li-Cycle comments on strategic alternatives process

Li-Cycle acknowledged regulatory filings made yesterday in the United States and Canada by Glencore plc and its affiliates related to discussions that Glencore is having regarding Li-Cycle and its subsidiaries, in light of the ongoing process being conducted by the company to evaluate financing and strategic alternatives. The company does not intend to comment specifically on Glencore’s disclosures. As previously announced on November 13, 2023, the company has engaged Moelis & Company as financial advisor to assist in evaluating financing and strategic alternatives for the company. Moelis has commenced a robust process that includes both existing stakeholders and potential new investors. The company is committed to identifying and pursuing financing and strategic alternatives that are in the best interests of Li-Cycle.