TORONTO, August 08, 2025 — Li-Cycle Holdings Corp. (“Li-Cycle” or the “Company”) is pleased to announce the completion of the sale of certain of its subsidiaries and assets to an affiliate of Glencore Canada Corporation (“Glencore”), the Company’s largest secured creditor, by way of credit bid and assumption of certain indebtedness.
The sale includes Li-Cycle’s Germany, Arizona, Alabama, New York, and Ontario Spokes; its Rochester Hub project; and its intellectual property portfolio. Glencore has also assumed certain of Li-Cycle’s liabilities. Glencore’s successful credit bid concludes Li-Cycle’s court-approved sale and investment solicitation process. The remaining Li-Cycle entities are either being wound-up under their corporate statutes or remain in creditor protection pursuant to the Companies’ Creditors Arrangement Act (Canada) (“CCAA”) and Chapter 15 of the U.S. Bankruptcy Code at this time. More information regarding Li-Cycle’s CCAA and Chapter 15 proceedings can be found at https://www.alvarezandmarsal.com/LiCycle.