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Li-Cycle can receive 566 MUSD through SPAC merger

Through a merger with the so called SPAC (Special Purpose Acquistion Company) Peridot Acquisition Corp the Canadian recycling company Li-Cycle will go public and will be listed on the New York Stock Exchange. If the deal goes through, after shareholder approval, it will provide Li-Cycle with $566M in cash to execute their business plan which include its commenced erection of a 60,000 hydrometallurgical plant in Rochester, New York as well as expansion of the business in Europe and Asia, including China.

The company is planning 3pre-processing plants in North America, 6 in Europe and 11 in Asia Pacific where also 3 additional processing plants will be built. Given that the company's cashflow forecast proves correct Li-Cycle have already secured funding for the entire expansion.

Find more information about the deal, plus an investor deck, here:

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