Forward-Looking Statements
Certain statements contained in this press release may be considered forward-looking statements 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 believe, may, will, continue, anticipate, intend, expect, should, would,
could, plan, potential, future, target 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: the expectation of the Notice having no immediate effect on the listing of the
Companys common shares on the NYSE, subject to the Companys compliance with the NYSEs other continued listing requirements, and does not affect Li-Cycles ongoing business operations or
its reporting obligations under the rules of the U.S. Securities and Exchange Commission or the Ontario Securities Commission. There can be no assurance that such 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.
These forward-looking statements are provided for
the purpose of assisting readers in understanding certain key elements of Li-Cycles current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better
understanding of Li-Cycles 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.
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: additional funds required to meet Li-Cycles capital and operating
requirements in the future not being available to Li-Cycle on acceptable terms or at all when it needs them; Li-Cycle may engage in strategic transactions, including
financing and mergers and acquisitions activity, that could disrupt its business, cause dilution to its shareholders, reduce its financial resources, result in incurrence of secured and unsecured debt, or prove not to be successful; Li-Cycles 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-Cycles inability to successfully implement
its global growth strategy, on a timely basis or at all; Li-Cycles inability to manage future global growth effectively; Li-Cycles 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-Cycles failure to materially increase recycling capacity and efficiency; one or more of Li-Cycles current or future facilities becoming inoperative,
capacity constrained or if its operations are disrupted; 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-Cycles operations; Li-Cycles 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 green energy technologies; decreases in benchmark prices for the metals contained in Li-Cycles products; changes in the volume or
composition of feedstock materials processed at Li-Cycles facilities; the development of an
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