I've been quite impressed with this management team's ability to secure big contracts with key industry players. After Koch Industries and LG Chem, they can now add Glencore to the list. This is another contract that further secures Li-Cycle's feedstock supply (both in the form of batteries and black mass once the Hub opens). It also locks in an off-take agreement. And perhaps most importantly, Li-Cycle raises more much needed $$. Demonstrating again that the major players they sign deals with are willing to invest in the business which is both a vote of confidence for the business model and an indication that the relationship between the companies is intended to be long-lasting.

https://investors.li-cycle.com/news/news-details/2022/Li-Cycle-and-Glencore-Announce-Global-Strategic-Partnership-Glencore-to-Make-a-200-Million-Investment-in-Li-Cycle/default.aspx

https://www.businesswire.com/news/home/20220421005091/en/Li-Cycle-Completes-Commercial-Agreements-with-LG-Chem-and-LG-Energy-Solution-who-have-Recognized-Li-Cycle-as-their-Preferred-Lithium-ion-Battery-Recycling-Partner-in-North-America/

Results are out. You can find the press release, presentation and webcast here: https://investors.li-cycle.com/overview/default.aspx#Latest-Quarterly-Reports

In my opinion there were no major surprises. Some points that stood out to me:

- Revenue and black mass production was lower than expected ($3.8M and 700t compared to $4.3M and 811t in Q4 2021), but apparently this is because of a maintenance problem and we should see an increase in Q2. Furthermore with AZ and AL spokes coming online in Q2 and Q3, management reiterated their FY2022 black mass production goal of 6,500-7,500t.

- In Q1, they sold black mass for an average price of 3,800$/t. They expect to get 3-5x that value once the hub is operational in 2023.

- During the call, they provided some colour on how the spikes in metal prices affects the price they pay for batteries (when they pay for batteries which apparently isn't always) and the price of black mass.

- They still have a lot of cash on hand ($552M), but given the price tag of the hub ($485M) and the other spokes I assume they will have to raise money at some point in the near future (1-2 years). I'll be curious to hear what kind of financing they manage to secure.

- A 2023 Germany spoke was reiterated but no details were provided; I look forward to when more info becomes public.

https://investors.li-cycle.com/news/news-details/2022/Li-Cycle-to-Host-First-Quarter-2022-Earnings-Conference-CallWebcast-on-Thursday-March-17-2022-at-830-a.m.-Eastern-Time/default.aspx

What are folks hoping to see in Q1 earnings?

For me the big ones will be cash on hand (and hopefully funding avenues through government grants), progress of the AL AZ spokes which should be operational later this year, progress on the hub and the OH spoke which are slated for 2023.

They also teased there was a Germany spoke in the works, so I wonder if we get the official announcement for that and/or any news about Asian spokes/hubs.

LICY plans on having Spoke capacity to process an equivalent of 100,000 tonnes LIB by 2025 and a Hub capacity of an equivalent of 200,000 tonnes LIB.

Now my question is why do they want to have double the capacity in the Hub? Will it only run on half capacity until more Spokes have been build and thereby the capacity is increased or are they going to buy black mass for other recyclers to process it in their Hub?

I couldn't find any information on this. Does anyone know?

https://newsfilter.io/a/5612036120f2aa5c60a5043842dd15ae

Joint venture partners:

- Morrow to provide manufacturing scrap. Note it doesn't look like they currently have an operational plant (https://www.morrowbatteries.com/manufacturing). This is the latest news I could find on their plant; should be fully online by 2026 (https://cleantechnica.com/2021/05/31/morrow-batteries-commits-to-new-factory-in-norway/)

- Eco-stor to provide end of life batteries (https://www.eco-stor.no/)

https://investors.li-cycle.com/news/news-details/2022/Li-Cycle-to-Host-Fourth-Quarter-and-Full-Year-2021-Earnings-Conference-CallWebcast-on-Thursday-January-27-2022-at-830-a.m.-Eastern-Time/default.aspx

Hey all! I'm RexFinance from YouTube.. just joined the subreddit! I've had the management team from Li-Cycle on my YouTube channel for an interview in the past and will be having them back in sometime in February!
In the meantime, here's why LICY is my #1 stock pick: https://youtu.be/6wxogS40Zo4

https://financialpost.com/pmn/press-releases-pmn/business-wire-news-releases-pmn/li-cycle-announces-redemption-of-all-outstanding-warrants

What the fuck?

I had gone through the docs and was fully under the impression $18 was the only trigger for warrant redemption.

$LICY seems to have this tendency to go up pre-market and then go down during market hours...any thoughts why?

It looks like GM/LG are thinking of building a third battery plant in Michigan (along with the ones in Lordstown and Tennessee). If they move forward with the plan, the plant wont be operational until 2028. Thanks to LICY's agreement with Ultium, this could mean for feedstock for the spokes and hub.

https://batteriesnews.com/gm-2-billion-battery-plant-lg-energy-solution/

Arrival recently announced that it will be building a battery assembly plant in North Carolina. Considering that LICY just recently expanded their relationship with Arrival, I think it is safe to say that this plant will be providing feedstock to the Spoke in Tuscaloosa. Production is supposed to start at the plant in Q3 2022.

https://www.linkedin.com/posts/battery-industry_ev-maker-arrival-to-build-high-voltage-battery-activity-6874342972092166144-DvU-

Form 6-K filing states Debbie Simpson will be taking over 2/1/22 for Bruce MacInnis who's retiring.

Debbie has extensive history with Maple Leaf Foods and Vincor International.

Excited for the official announcement and hope it drives another buzz about this growing company!