Li-Cycle reports Q3 EPS $2.43 vs. ($1.38) last year

Reports Q3 revenue $20.0M, consensus $6.98M. The company said, “We are pleased to report that Li-Cycle (LICY) has achieved significant milestones to support the restart of construction at the Rochester Hub. In addition to closing the upsized $475-million DOE loan facility, we also announced the establishment of a commercial framework for MHP off-take alongside our existing lithium carbonate off-take agreements. These are positive steps that will help us build momentum as we work to optimize our Spoke facilities to establish a self-sufficient Spoke business and secure a full funding package needed to restart construction of the Rochester Hub project.”