Commercial shipment delivered to Li-Cycle’s customer
Dear Followers and Subscribers,
TORONTO, Canada, December 17th, 2019 – Li-Cycle Corp. (“Li-Cycle” or the “Company”), a leading North America based lithium-ion battery resource recovery company, is pleased to announce a maiden shipment of commercial product, containing energy metals concentrate, has been made to its customer (“Customer”).
The shipped product comprises of key energy metals – including cobalt, nickel and lithium – and was produced at Li-Cycle’s processing facility in Ontario, Canada.
“The first shipment of commercial product marks a significant milestone for Li-Cycle, on the Company‘s path to becoming a premier resource recovery company and processor, handling all types of lithium-ion batteries from a broad set of customers and applications,” comments Ajay Kochhar, President and CEO of Li-Cycle. “As we grow our business, we look forward to continuing to provide sustainable and technologically innovative solutions to solve our global customers’ end-of-life lithium-ion battery challenges.”
For more information, please contact:
Ajay Kochhar, President & CEO
Katherine Nguyen, Communications & Administrative Lead
Telephone: +1 (416) 583-3509
About Li-Cycle Corp.
Li-Cycle Corp. (Li-Cycle) is on a mission to leverage its innovative solution to address an emerging and urgent global challenge. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, industrial/utility/residential energy storage, and consumer electronic applications. The world needs improved technology and supply chain innovations to better recycle these batteries and to meet the rapidly growing demand for critical and scarce battery-grade materials.
Li-Cycle Technology™ is a low cost, safe, environmentally friendly process that can recycle all types of lithium-ion batteries. It can do so with an unparalleled recovery rate of up to 80-100% of all materials. The Company’s industry-leading processing technologies uniquely position it to support a key element of the growing international movement towards zero carbon technologies as part of the circular economy.
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