Li-cycle announces $75 million strategic investment from glencore

Toronto--(business wire)--li-cycle holdings corp. (nyse: licy) (“li-cycle” or the “company”), a leading global lithium-ion battery resource recovery company, is pleased to announce that it has entered into an agreement (the “note purchase agreement”) to issue a senior secured convertible note in an aggregate principal amount of $75 million (the “note”) to an affiliate of glencore plc (lon: glen) (“glencore”), a leading producer, recycler, and marketer of nickel and cobalt for the production of.
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