Li-Cycle Holdings CorpNYSE LICY Stock Report

Li-Cycle Holdings Corp. engages in lithium-ion battery resource recovery and lithium-ion battery recycling in North America. The company is headquartered in Toronto, Ontario and currently employs 405 full-time employees. The company went IPO on 2020-09-24. The firm provides customer-centric solutions for each of its customers’ battery recycling needs. The company offers its customers a home for the secure destruction of materials containing intellectual property (IP)-sensitive design information, such as research and development (R&D) batteries and battery materials. Its Spoke & Hub Technologies use a combination of mechanical safe size reduction and hydrometallurgical resource recovery specifically designed for lithium-ion battery recycling. The firm's Spoke & Hub recycling and resource recovery process is designed at its Spokes, to process battery manufacturing scrap and end-of-life batteries to produce black mass and other intermediate products, and at its Hubs, to process black mass to produce critical battery materials, including nickel sulphate, cobalt sulfate, and lithium carbonate.