Li-Cycle Closes $75 Million Strategic Investment From Glencore

 


Li-Cycle Holdings Corp. (NYSE: LICY) has finalized a $75 million investment from Glencore plc (LON: GLEN), boosting its liquidity and funding strategy through a senior secured convertible note. Ajay Kochhar, Li-Cycle's CEO, lauded the investment as pivotal in strengthening their financial position and advancing their enduring partnership with Glencore. The investment underscores Glencore's confidence in Li-Cycle's potential and aligns with their shared vision for future growth opportunities. The Note, with a five-year term, offers Li-Cycle flexibility in interest payments, either in cash or in-kind, based on the Secured Overnight Financing Rate (SOFR) plus a specified percentage. Additionally, Li-Cycle and Glencore have agreed to amend and restate the terms of existing Glencore convertible notes, signaling a continued commitment to mutual growth and collaboration. The aggregate amount under the amended Glencore convertible notes currently stands at approximately $225 million, affirming the depth of their partnership and Li-Cycle's trajectory toward sustainable expansion in the lithium-ion battery industry.

Read More - https://www.techdogs.com/tech-news/business-wire/li-cycle-closes-75-million-strategic-investment-from-glencore

Comments

Post a Comment

Popular posts from this blog

Orlagh Neary, Former VP Of Quantum Ecosystem Engagement And GTM At Microsoft On Building Scalable And Safe AI And Quantum

Image
  What if the future of computing isn’t about picking sides—AI, LLMs, or quantum—but about blending them into a unified, game-changing force? In this compelling episode of Discover Dialogues , host Nikhil Sonawane sits down with Orlagh Neary, whose remarkable career has spanned continents, technologies, and industries. From AI to developer platforms to localization, Orlagh now spearheads Microsoft’s Quantum and AI Ecosystem Engagement & GTM strategy. She also serves on the board of Cambrian Futures and advises UNESCO’s International Year of Quantum—making her a key voice in turning today’s emerging tech into tomorrow’s foundation. What makes Orlagh’s approach truly stand out is her ability to align frontier technologies with enterprise priorities. She explains how AI (pattern recognition), LLMs (language), and quantum computing (scale) aren't separate silos—they’re a collaborative “dream team” poised to revolutionize sectors from healthcare to logistics. 👉 Read more about this...
Read more

SiFive Announces Differentiated Solutions For Generative AI And ML Applications

Image
  SiFive, a prominent player in the world of RISC-V computing, has introduced two groundbreaking products, the SiFive Performance™ P870 and SiFive Intelligence™ X390, aimed at fulfilling the growing demand for high-performance computing. These products usher in a new era of low-power, compute density, and vector computing capabilities, making them ideal for data-intensive applications in consumer electronics, automotive, and infrastructure sectors. The P870, designed for high-performance consumer applications, boasts a 50% increase in single-thread performance over its predecessor, incorporating features like a shared cluster cache supporting up to a 32-core cluster and compatibility with Google's Android platform requirements for RISC-V. The X390, building on the success of the X280, offers a fourfold improvement in vector computation for AI and ML applications. SiFive actively collaborates with partners to foster the growth of the open-standard ecosystem for SiFive processors, ad...
Read more

Varun Srinivas Founder & CEO of Therix.ai and Co-Founder at Coditas on Building Real-World AI Solutions

Image
  In this episode of Discover Dialogues , Vikramsinh Ghatge, Sr. Marketing Director and Editor-in-Chief at TechDogs , sits down with Varun Srinivas, Founder & CEO of Therix.ai and Co-Founder at Coditas, to explore what it truly takes to turn AI prototypes into scalable, real-world solutions. Over the past decade, Varun has been at the forefront of transforming solid engineering principles into practical AI deployments. In this candid conversation, he breaks away from buzzwords and highlights how AI must be built with people, not just algorithms, at the center. The discussion kicks off with an eye-opening statement: “AI isn’t coming for your job—but someone using AI might.” Varun quickly dismantles the fear-driven narratives surrounding AI and instead urges leaders to focus on empowering teams, fostering experimentation, and applying disciplined engineering practices. One standout topic is the rise of “vibe coding”—the fast, intuitive, generative AI-driven approach to developme...
Read more