Directory profiles · Battery Business Directory
Organizations mentioned or cited on this 2025 report page. A historical mention does not establish current products, availability or endorsement.
Sources and links on page 46 (10)
Links embedded in the original report PDF, including citations and other references. These destinations have not been independently reviewed. Links open in a new tab.
- https://www.annualreports.com/HostedData/AnnualReportArchive/l/NYSE_LICY_2021.pdf
- https://teq.capital/de/research/li-cycle-research/
- https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_LICY_2024.pdf
- https://www.wastedive.com/news/glencore-completes-takeover-of-li-cycle-battery-recycling-assets/757199/
- https://teq.capital/de/posts/912eaae2-li-cycle-erhlt-vorlufige-finanzierungszusage-durch-us-energieministerium/
- https://www.recyclingtoday.com/news/li-cycle-reports-2024-financials/
- https://www.recyclingtoday.com/news/li-cycle-seeking-buyers-for-business-or-assets/
- https://www.recyclingtoday.com/news/glencore-makes-li-cycle-purchase-official/
- https://www.sec.gov/Archives/edgar/data/1828811/000119312525122542/d892872d8k.htm
- https://www.glencore.com/what-we-do/recycling/li-cycle
Text on page 46
Li-Cycle: Ups & Down of a Dream Start & Early Growth 2016: Founded in Ontario, Canada, by engineers Ajay Kochhar and Tim Johnston1,2. Hydrometallurgical processing method with IP-protected Spoke & Hub TechnologiesTM 1. 2021: A $100 million investment from Spring Creek Capital3. 2021: Public on the New York Stock Exchange via a SPAC merger2.
Expansion
Hindrances
2022: Rochester Hub Construction in New York2,4.
Escalating costs paused construction at the Rochester Hub3.
2022: strategic partnership with LG Energy Solution and LG Chem, involving a $50 million investment and a long-term offtake agreement3. 2022: investment by Glencore of $200 million via an unsecured convertible note3. 2022- 2023: Operational commence of some Spokes3,4. 2023: conditional $375 million loan commitment from DOE to support the Rochester Hub5.
Source: [1] | [2] | [3] | [4] | [5] | [6] | [7] | [8] | [9] | [10]
Cash Preservation Plan3. A $75 million emergency investment by Glencore6. DOE loan increase to $475 million7. delisted from the NYSE and transitioned to the OTCQX Best Market4,8.
Restructuring (2025) Formation of an independent directors’ committee to assess financial and strategic options, including potential sale to a longtime investor7. Filed for creditor protection under the Companies’ Creditors Arrangement Act (CCAA) in Canada and Chapter 15 bankruptcy in the United States9. Glencore entered a "stalking horse" credit bid of $40 million for a significant portion of the company’s assets9. Li-Cycle, now Glencore Battery Recycling (“GBR”), has been acquired by Glencore Plc10.
Extracted from the PDF; charts and images may read imperfectly.
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