Li-Cycle Holdings ( (LICYF) ) has shared an announcement.
Li-Cycle Holdings reported a significant increase in total revenue to $28.0 million in 2024, marking a 53% rise from the previous year, alongside a reduction in total expenses by 13% due to cash preservation efforts. Despite these financial improvements, the company faces challenges with its financial position, requiring additional financing to continue operations and considering strategic alternatives, including a potential transaction with Glencore. The company is also focused on advancing its Rochester Hub project with a $475 million loan from the U.S. Department of Energy, aligning with U.S. energy supply chain priorities.
More about Li-Cycle Holdings
Li-Cycle Holdings Corp. is a leading global company in the lithium-ion battery resource recovery industry. The company focuses on recycling lithium-ion batteries and aligning with energy priorities, particularly in the U.S., to support the domestic production of critical minerals.
YTD Price Performance: -83.54%
Average Trading Volume: 1,414,077
Technical Sentiment Signal: Buy
Current Market Cap: $13.82M
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