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home / articles / LICY - Why Li-Cycle (LICY) Stock Is Exploding Higher | Benzinga

LICY - Why Li-Cycle (LICY) Stock Is Exploding Higher | Benzinga

Li-Cycle Holdings Corp.

Li-Cycle Holdings Corp (NYSE:LICY) shares are trading higher by 20% to $0.70 Wednesday morning on upward momentum. The company on Tuesday announced it secured a $75 million investment from Glencore plc through a senior secured convertible note agreement.

This investment aims to bolster Li-Cycle’s liquidity as it conducts a strategic review process. The company is evaluating its approach to the paused Rochester Hub project, including potential product mix and construction strategies. Following an assessment, Li-Cycle chose Glencore’s ...

LICY) Stock Is Exploding Higher>Full story available on Benzinga.com
Stock Information
Company Name: Li-Cycle Holdings Corp.
Stock Symbol: LICY
Market: NYSE
Website: li-cycle.com
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