Li-Cycle Financials and Strategic Update

Four North American Spokes (1) Expected to be in Operation in FY 2022, to Drive >3x Black Mass Production versus FY 2021 Operational In Development STROMV LT LION ELECTRIC Celectrovaya Kingston, ON BRITISHVOLT POWER ON ONTARIO 5K tonnes NEW YORK 5K tonnes Panasonic STELLANTIS LG Energy Solution LG Energy Solution ¡M3NY Rochester, NY TOYOTA ULTIUME ALABAMA 10K tonnes Ford Tuscaloosa, AL SK Envision AESC ultium cells LG Energy Solution microvast Gilbert, AZ ARIZONA 10K tonnes T 1) KOREPOWER Solid Power TESLA iM3NY OHIO 15K tonnes Warren, OH microvast ultium=cells Total Spoke capacity of 30,000 tonnes LIB equivalent/year is approximately equivalent to 6 GWh. Once fully operational, the four Spokes have the capacity to produce approximately 10,500 to 19,500 tonnes of black mass/y, assuming an illustrative conversion factor of approximately 0.35 to 0.65 tonnes of black mass per tonne of lithium-ion battery input (the conversion ratio is dependent on the form of lithium-ion battery feedstock - e.g., a full EV battery pack versus manufacturing scrap). Li-Cycle 18

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