Canada’s Ambassador to the United States Kirsten Hillman Visits Li-Cycle

TORONTO, Ontario (February 17, 2023) – Li-Cycle Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, was pleased to host Kirsten Hillman, Canada’s Ambassador to the United States, at the Company’s headquarters in Toronto, Ontario.

Ambassador Hillman, the first woman to serve in her role, has played an influential part in helping to build strong relationships between the U.S. and Canada, with a keen focus on supporting Canadian organizations with operations in the U.S. Since its inception in 2016, Li-Cycle has continued to scale its global footprint within both markets and became a publicly traded company on the New York Stock Exchange in 2021.

“We are very pleased to have hosted Ambassador Hillman at our headquarters and thank her for her continued leadership in supporting the expansion of leading Canadian organizations, such as Li-Cycle, in the United States,” said Ajay Kochhar, co-founder and CEO of Li-Cycle. “Ambassador Hillman’s visit serves as further support to the role Li-Cycle plays in enabling the clean energy transition in both the U.S. and Canada.”

“I was so pleased to meet with Li-Cycle, a leading recycler of lithium-ion batteries and a sustainable source of battery materials in North America,” said Kirsten Hillman, Canada’s Ambassador to the United States. “This is an example of how Canada can help the world meet the soaring demand for critical minerals and build important supply chains.”

During the visit, Ambassador Hillman and her team were joined by Mr. Kochhar, Mr. Johnston, and senior members of Li-Cycle’s management team. The parties discussed the importance of Li-Cycle’s innovative and sustainable technologies that are enabling resource recovery of lithium-ion batteries, the Company’s ongoing engagement in the communities in which it operates, and the role lithium-ion battery recycling will continue to play in building a sustainable future.

About Li-Cycle Holdings Corp.

Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com.

Contact

Media

Louie Diaz

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Forward Looking Information Disclaimer

Certain statements contained in this press release may be considered “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended, Section 21 of the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identified by the use of words such as “believe”, “may”, “will”, “continue”, “anticipate”, “intend”, “expect”, “should”, “would”, “could”, “plan”, “potential”, “future”, “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. These statements are based on various assumptions, whether or not identified in this communication, made by Li-Cycle management. There can be no assurance that such assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in or implied by the forward-looking statements.

Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Li-Cycle, and which may cause actual results to differ materially from the forward-looking information. These and other risks and uncertainties related to Li-Cycle’s business and the assumptions on which the forward-looking information is based are described in greater detail in the sections entitled “Risk Factors” and “Key Factors Affecting Li-Cycle’s Performance” in its Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission and the Ontario Securities Commission in Canada on February 6, 2023.

Li-Cycle assumes no obligation to update or revise any forward-looking statements, except as required by applicable laws. These forward-looking statements should not be relied upon as representing Li-Cycle’s assessments as of any date subsequent to the date of this press release.

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