Li-Cycle Acknowledges Discussions With Glencore Amid Evaluation Of Strategic Alternatives

RTTNews | 327 days ago
Li-Cycle Acknowledges Discussions With Glencore Amid Evaluation Of Strategic Alternatives

(RTTNews) - Li-Cycle Holdings Corp. (LICY) acknowledged Thursday regulatory filings made yesterday in the U.S. and Canada by Glencore plc and its affiliates related to discussions that Glencore is having regarding Li-Cycle and its subsidiaries, in light of the ongoing process being conducted by the Company to evaluate financing and strategic alternatives.

The Company does not intend to comment specifically on Glencore's disclosures.

As previously announced on November 13, 2023, the Company has engaged Moelis & Company LLC as financial advisor to assist in evaluating financing and strategic alternatives for the Company.

Moelis has commenced a robust process that includes both existing stakeholders and potential new investors. The Company is committed to identifying and pursuing financing and strategic alternatives that are in the best interests of Li-Cycle.

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Li-Cycle Holdings Appoints Craig Cunningham As CFO

Li-Cycle Holdings Appoints Craig Cunningham As CFO

Li-Cycle Holdings Corp. (LICY), a lithium-ion battery resource recovery company, announced Thursday that it has appointed Craig Cunningham to the role of Chief Financial Officer (CFO), effective July 20, 2024. Cunningham has served as Li-Cycle's interim CFO since March 2024.
RTTNews | 103 days ago
Australian Market Modestly Lower

Australian Market Modestly Lower

Australian shares are trading modestly lower on Wednesday, giving up some of the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying above the 8,200 level, following the mixed cues from Wall Street overnight, with weakness in energy and financial stocks partially offset by gains in iron ore miners.
RTTNews | 4h 4min ago
Rally May Stall For Hong Kong Stock Market

Rally May Stall For Hong Kong Stock Market

The Hong Kong stock market has moved higher in three straight sessions, gathering more than 200 points or 0.9 percent along the way. The Hang Seng Index now sits just above the 20,700-point plateau although it may be stuck in neutral on Wednesday.
RTTNews | 4h 15min ago
China Stock Market May Reverse Tuesday's Losses

China Stock Market May Reverse Tuesday's Losses

The China stock market on Tuesday snapped the two-day winning streak in which it had climbed more than 40 points or 1.2 percent. The Shanghai Composite now sits just above the 3,285-point plateau although it may bounce higher again on Wednesday.
RTTNews | 4h 30min ago
Australia Inflation Adds 0.2% On Quarter In Q3

Australia Inflation Adds 0.2% On Quarter In Q3

Consumer prices in Australia were up a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Australian Bureau of Statistics said on Wednesday.
RTTNews | 4h 48min ago
Tech Shares May Lift Taiwan Stock Market

Tech Shares May Lift Taiwan Stock Market

The Taiwan stock market has moved lower in back-to-back sessions, stumbling almost 425 points or 2 percent along the way. The Taiwan Stock Exchange now rests just above the 22,925-point plateau although it's due for support on Wednesday.
RTTNews | 5h 0min ago
Singapore Bourse May Be Stuck In Neutral On Wednesday

Singapore Bourse May Be Stuck In Neutral On Wednesday

The Singapore stock market on Tuesday snapped the two-day losing streak in which it had slipped more than 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,590-point plateau although it may spin its wheels on Wednesday.
RTTNews | 5h 30min ago
Little Movement Expected For Malaysia Stock Market

Little Movement Expected For Malaysia Stock Market

The Malaysia stock market on Tuesday wrote a finish to the six-day losing streak in which it had stumbled more than 35 points or 2.3 percent. The Kuala Lumpur Composite Index now sits just above the 1,615-point plateau and it's likely to hold steady in that neighborhood again on Wednesday.
RTTNews | 6h 0min ago