Li-Cycle reports Q1 EPS (76c) vs. (21c) last year

Reports Q1 revenue $4.2M vs. $3.6M last year. “During the first quarter of 2024, we advanced our comprehensive review of the Rochester Hub go-forward plan and continue to work closely with the U.S. Department of Energy on key technical, financial, and legal workstreams to advance toward definitive financing documentation required for a loan for gross proceeds of up to $375 million,” said Ajay Kochhar, Li-Cycle’s President and CEO. “We also strengthened our commercial partnerships in both North America and Europe which makes us well-placed to be a preferred sustainable recycler in the global battery supply chain.”