Li-Cycle Holdings Corp

NYSE:LICYUnited States

Nov 7, 2024

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• -- Earnings Flash (LICY) LI-CYCLE HOLDINGS Reports Q3 EPS $2.15, from 4:12PM ET on Thursday Nov 07, 2024 by MT Newswires

  4:12PM ET on Thursday Nov 07, 2024 by MT Newswires
  Companies Mentioned: LICY
  04:12 PM EST, 11/07/2024 (MT Newswires) -- ...

• -- Earnings Flash (LICY) LI-CYCLE HOLDINGS Reports Q3 Revenue $8.4M, from 4:09PM ET on Thursday Nov 07, 2024 by MT Newswires

  4:09PM ET on Thursday Nov 07, 2024 by MT Newswires
  Companies Mentioned: LICY
  04:09 PM EST, 11/07/2024 (MT Newswires) -- ...

• Li-Cycle Reports Third Quarter 2024 Operational and Financial Results, Including Strong Revenue Growth and Lower Costs, from 4:07PM ET on Thursday Nov 07, 2024 by Dow Jones

  4:07PM ET on Thursday Nov 07, 2024 by Dow Jones
  Companies Mentioned: LICY
  
  Li-Cycle Reports Third Quarter 2024 Operational and Financial Results, Including Strong Revenue Growth and Lower Costs
  
  Highlights
  -- Closed an upsized $475-million loan facility with the U.S. Department of Energy ("DOE") to support development of the Company's Rochester Hub project; -- 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--(BUSINESS WIRE)--November 07, 2024--