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Li-Cycle Holdings ( (LICY) ) has shared an update.
Li-Cycle Holdings Corp. has secured a significant $475 million loan from the U.S. Department of Energy to advance its Rochester Hub project in New York, aimed at enhancing lithium-ion battery recycling capabilities. This financing, part of the DOE’s Advanced Technology Vehicles Manufacturing program, signifies a strong endorsement of Li-Cycle’s sustainable technologies and strategic role in the battery materials supply chain. The facility offers favorable terms, enhancing financial flexibility and supporting Li-Cycle’s mission for a sustainable battery supply chain crucial for North America’s energy independence.
For a thorough assessment of LICY stock, go to TipRanks’ Stock Analysis page.
