This press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20230525005681\/en\/<\/a><\/p>\n Anthony Staley (VP, Rochester Hub, Li-Cycle) hands out a laptop to a senior student at Edison Tech High School. Li-Cycle partnered with Shift2, a local non-profit, to donate laptops to 60 students at the Rochester, New York high school. (Photo: Business Wire)<\/p>\n<\/div>\n \nAt an event at Edison Tech today, representatives from Shift2 and Li-Cycle presented laptops to students who have completed a college application, a financial aid application, or have actively pursued employment in the trades.<\/p>\n \nLi-Cycle is also pleased to announce the extension of its corporate sponsorship of Shift2 for an additional three years. Through its sponsorship, Li-Cycle will continue to support Shift2\u2019s mission and make a positive impact on the lives of individuals residing in and around the greater Rochester, New York area.<\/p>\n \nAnthony Staley, VP, North American Hub, Li-Cycle, commented: \u201cWe are thrilled to extend our partnership with Shift2 and provide students with laptops and support their education. By working with Shift2, we can enhance our ability to deliver a positive impact to local Rochester communities. Li-Cycle is driving the future of next-generation clean technology in Rochester by developing a facility that is expected to be one of the largest sources of lithium and recycled battery materials in North America at the Eastman Business Park.\u201d<\/p>\n \nMegan Alchowiak, Executive Director, Shift2, commented: \u201cWe are excited to strengthen our partnership with Li-Cycle and greatly appreciate their support of our mission. Today\u2019s donation showcases both Li-Cycle and Shift2\u2019s firm commitment to making a tangible difference in the Rochester community. We are excited to be donating these valuable laptops to these very deserving students.\u201d<\/p>\n \nJacob Scott, Principal, Edison Tech, commented: “We are incredibly grateful to Li-Cycle and Shift2 for their generous donation of laptops to our senior students, which will make a positive difference to their future success. These laptops provide our seniors with the necessary tools to excel in their studies and empowers them to navigate the digital world with confidence. It is great to see the remarkable impact that can be made when our community comes together to support education and invest in the dreams and aspirations of our youth.”<\/p>\n \nSince 2021, Li-Cycle and Shift2 have worked together to support efforts to recycle lithium-ion batteries from used laptops in a safe and environmentally friendly manner. Li-Cycle also supports Shift2\u2019s mandate of distributing refurbished laptops to individuals in the Rochester community who lack access to technology. Li-Cycle and Shift2\u2019s collaboration has benefited many community groups to address issues such as access to education, homelessness, at-risk youth, and job empowerment.<\/p>\n About Li-Cycle Holdings Corp.<\/b><\/p>\n \nLi-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies\u2122 to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of battery-grade materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https:\/\/li-cycle.com\/<\/a>.<\/p>\n About Shift2<\/b><\/p>\n \nShift2 (formerly known as The Shore Foundation) is a non-profit organization in Rochester, NY with a mission to maximize the usefulness of existing technology to make a positive impact on people\u2019s lives, the community and the environment. By repurposing computers originally used by businesses, Shift2 plays a vital role in equipping community members with the tools they need to stay connected, unlock their potential, and succeed in this digital age. Additionally, the organization is dedicated to responsible recycling unusable technology, recognizing the significance of reclaiming metals and rare earth elements critical for the production of devices in the future. For more information: https:\/\/shift2nfp.org\/<\/a>.<\/p>\n Forward-Looking Statements<\/b><\/p>\n Certain statements contained in this press release may be considered \u201cforward-looking statements\u201d within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended, Section 21 of the U.S. Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identified by the use of words such as \u201cbelieve\u201d, \u201cmay\u201d, \u201cwill\u201d, \u201ccontinue\u201d, \u201canticipate\u201d, \u201cintend\u201d, \u201cexpect\u201d, \u201cshould\u201d, \u201cwould\u201d, \u201ccould\u201d, \u201cplan\u201d, \u201cpotential\u201d, \u201cfuture\u201d, \u201ctarget\u201d or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements in this press release include but are not limited to statements about: Li-Cycle\u2019s expectation that it will continue to support Shift2\u2019s mission and make a positive impact on the lives of individuals residing in and around the greater Rochester, New York area; the expectation that, by working with Shift2, Li-Cycle can enhance its ability to deliver a positive impact to local Rochester communities; the expectation that Li-Cycle\u2019s facility in Rochester will be one of the largest sources of lithium and recycled battery materials in North America; and the expectation that Li-Cycle will continue to leverage its Spoke & Hub Technologies to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of battery-grade materials. These statements are based on various assumptions, whether or not identified in this communication, including but not limited to assumptions regarding the timing, scope and cost of Li-Cycle\u2019s projects; the processing capacity and production of Li-Cycle\u2019s facilities; Li-Cycle\u2019s ability to source feedstock and manage supply chain risk; Li-Cycle\u2019s ability to increase recycling capacity and efficiency; Li-Cycle\u2019s ability to obtain financing on acceptable terms; Li-Cycle\u2019s ability to retain and hire key personnel and maintain relationships with customers, suppliers and other business partners; general economic conditions; currency exchange and interest rates; compensation costs; and inflation. There can be no assurance that such estimates or assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in or implied by the forward-looking statements.<\/i><\/p>\n These forward-looking statements are provided for the purpose of assisting readers in understanding certain key elements of Li-Cycle\u2019s current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of Li-Cycle\u2019s business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes and is not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.<\/i><\/p>\n Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Li-Cycle, and are not guarantees of future performance. Li-Cycle believes that these risks and uncertainties include, but are not limited to, the following: Li-Cycle\u2019s inability to economically and efficiently source, recover and recycle lithium-ion batteries and lithium-ion battery manufacturing scrap, as well as third party black mass, and to meet the market demand for an environmentally sound, closed-loop solution for manufacturing waste and end-of-life lithium-ion batteries; Li-Cycle\u2019s inability to successfully implement its global growth strategy, on a timely basis or at all; Li-Cycle\u2019s inability to manage future global growth effectively; Li-Cycle\u2019s inability to develop the Rochester Hub, and other future projects including its Spoke network expansion projects in a timely manner or on budget or that those projects will not meet expectations with respect to their productivity or the specifications of their end products; Li-Cycle\u2019s failure to materially increase recycling capacity and efficiency; Li-Cycle may engage in strategic transactions, including acquisitions, that could disrupt its business, cause dilution to its shareholders, reduce its financial resources, result in incurrence of debt, or prove not to be successful; one or more of Li-Cycle\u2019s current or future facilities becoming inoperative, capacity constrained or if its operations are disrupted; additional funds required to meet Li-Cycle\u2019s capital requirements in the future not being available to Li-Cycle on acceptable terms or at all when it needs them; Li-Cycle expects to continue to incur significant expenses and may not achieve or sustain profitability; problems with the handling of lithium-ion battery cells that result in less usage of lithium-ion batteries or affect Li-Cycle\u2019s operations; Li-Cycle\u2019s inability to maintain and increase feedstock supply commitments as well as securing new customers and off-take agreements; a decline in the adoption rate of EVs, or a decline in the support by governments for \u201cgreen\u201d energy technologies; decreases in benchmark prices for the metals contained in Li-Cycle\u2019s products; changes in the volume or composition of feedstock materials processed at Li-Cycle\u2019s facilities; the development of an alternative chemical make-up of lithium-ion batteries or battery alternatives; Li-Cycle\u2019s revenues for the Rochester Hub are derived significantly from a single customer; Li-Cycle\u2019s insurance may not cover all liabilities and damages; Li-Cycle\u2019s heavy reliance on the experience and expertise of its management; Li-Cycle\u2019s reliance on third-party consultants for its regulatory compliance; Li-Cycle\u2019s inability to complete its recycling processes as quickly as customers may require; Li-Cycle\u2019s inability to compete successfully; increases in income tax rates, changes in income tax laws or disagreements with tax authorities; significant variance in Li-Cycle\u2019s operating and financial results from period to period due to fluctuations in its operating costs and other factors; fluctuations in foreign currency exchange rates which could result in declines in reported sales and net earnings; unfavorable economic conditions, such as consequences of the global COVID-19 pandemic; natural disasters, unusually adverse weather, epidemic or pandemic outbreaks, cyber incidents, boycotts and geo-political events; failure to protect or enforce Li-Cycle\u2019s intellectual property; Li-Cycle may be subject to intellectual property rights claims by third parties; Li-Cycle\u2019s failure to effectively remediate the material weaknesses in its internal control over financial reporting that it has identified or if it fails to develop and maintain a proper and effective internal control over financial reporting. These and other risks and uncertainties related to Li-Cycle\u2019s business are described in greater detail in the section entitled \u201cRisk Factors\u201d and \u201cKey Factors Affecting Li-Cycle\u2019s Performance\u201d in its Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission and the Ontario Securities Commission in Canada. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement.<\/i><\/p>\n Li-Cycle assumes no obligation to update or revise any forward-looking statements, except as required by applicable laws. These forward-looking statements should not be relied upon as representing Li-Cycle\u2019s assessments as of any date subsequent to the date of this press release.<\/i><\/p>\n View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230525005681\/en\/<\/a><\/span><\/p>\n![\"Anthony](\"https:\/\/mms.businesswire.com\/media\/20230525005681\/en\/1803987\/4\/Press_release.jpg\")
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