Li-Cycle Acknowledges Discussions With Glencore Amid Evaluation Of Strategic Alternatives

RTTNews | 674天前
Li-Cycle Acknowledges Discussions With Glencore Amid Evaluation Of Strategic Alternatives

(RTTNews) - Li-Cycle Holdings Corp. (LICY) acknowledged Thursday regulatory filings made yesterday in the U.S. and Canada by Glencore plc and its affiliates related to discussions that Glencore is having regarding Li-Cycle and its subsidiaries, in light of the ongoing process being conducted by the Company to evaluate financing and strategic alternatives.

The Company does not intend to comment specifically on Glencore's disclosures.

As previously announced on November 13, 2023, the Company has engaged Moelis & Company LLC as financial advisor to assist in evaluating financing and strategic alternatives for the Company.

Moelis has commenced a robust process that includes both existing stakeholders and potential new investors. The Company is committed to identifying and pursuing financing and strategic alternatives that are in the best interests of Li-Cycle.

read more
Li-Cycle Holdings Appoints Craig Cunningham As CFO

Li-Cycle Holdings Appoints Craig Cunningham As CFO

Li-Cycle Holdings Corp. (LICY), a lithium-ion battery resource recovery company, announced Thursday that it has appointed Craig Cunningham to the role of Chief Financial Officer (CFO), effective July 20, 2024. Cunningham has served as Li-Cycle's interim CFO since March 2024.
RTTNews | 450天前
U.S. Govt Has Started To Fire Federal Workers

U.S. Govt Has Started To Fire Federal Workers

The U.S. government has started to layoff federal employees, the Office of Management and Budget's chief Russell Vought said on the 10th day of the shutdown. In a post on the social media platform X, Vought said, "The RIFs have begun." RIF is an acronym for reduction in force.
RTTNews | 12小时28分钟前
SMI Sheds Over 1% As Stocks Tumble In Final Hour

SMI Sheds Over 1% As Stocks Tumble In Final Hour

After moving along the flat line till the penultimate hour of the day's trading session on Friday, Switzerland's benchmark index SMI tumbled in the final hour, as trade tensions intensified after U.S. President Donald Trump threatened to impose massive tariffs on Chinese imports.
RTTNews | 15小时51分钟前
TSX Down 0.7%, Looks Headed For Another Weak Close

TSX Down 0.7%, Looks Headed For Another Weak Close

After opening slightly higher and advancing further, the Canadian market slipped into negative territory Friday morning, pushed down by losses in healthcare, energy and technology sectors.
RTTNews | 17小时50分钟前
U.S. Consumer Sentiment Virtually Unchanged In October

U.S. Consumer Sentiment Virtually Unchanged In October

A report released by the University of Michigan on Friday showed its reading on U.S. consumer sentiment was virtually unchanged in the month of October. The University of Michigan said its consumer sentiment index edged down to 55.0 in October from 55.1 in September. Economists had expected the index to slip to 54.2.
RTTNews | 18小时2分钟前
Calico Brands Recalls 175K Scripto Premium Torches Sold At Walmart, Home Depot

Calico Brands Recalls 175K Scripto Premium Torches Sold At Walmart, Home Depot

Ontario, California-based Calico Brands is recalling about 175 thousand units of Scripto Premium Torches citing risks of injury or death from fires and burns, according to the U.S. Consumer Product Safety Commission. The recall involves the Scripto Premium Torch with UPC number "0-70257-52226-6".
RTTNews | 19小时39分钟前