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Li - Cycle Exhibit 99.2 Li - Cycle Holdings Corp. Reports Financial Results for Third Quarter 2021 - Rochester Hub and Arizona Spoke Continue to be on Track - - Li - Cycle will Add a Fourth Spoke in Alabama to Meet Demand ; Pace of New Battery Mega - factory Deployment Far Exceeding Expectations - - Li - Cycle Reports Third Quarter Revenue Increasing 840 % Year - Over - Year to $ 1.7 Million - - Subsequent to Fiscal Q3 2021 , Li - Cycle Successfully Completed its Public Listing in August 2021 , Resulting in Net Proceeds of $ 527 Million - TORONTO , ONTARIO ( September 9 , 2021 ) – Li - Cycle Holdings Corp. ( NYSE : LICY ) ( " Li - Cycle ” or the “ Company ” ) , an industry leader in lithium - ion battery resource recovery and the leading lithium - ion battery recycler in North America , today announced financial results for its third quarter ended July 31 , 2021 . Founded in 2016 , Li - Cycle utilizes its patented Spoke & Hub Technologies ™ to achieve industry - leading resource recovery rates and produce the critical battery materials underpinning the global growth in electric vehicle ( " EV " ) proliferation . The imperative for economically and environmentally sustainable resource recycling is growing in lockstep with the exponential growth of battery manufacturing with an average of 5 % to 10 % of new battery production being rejected / scrapped . Li - Cycle's two - stage battery recycling model enables customers to benefit from an economically sustainable , safe and environmentally friendly solution for the recycling of all types of lithium - ion materials . " I am incredibly proud of what the Li - Cycle team has accomplished so far in 2021 , continuing our mission to solve the global battery manufacturing scrap and end - of - life lithium - ion battery problem by creating a secondary supply of critical battery materials , while also ensuring a sustainable future for our planet . Since announcing our business combination with Peridot Acquisition Corp. in February , we signed significant commercial agreements with Ultium Cells LLC ( the joint venture between General Motors and LG Energy Solution ) and Univar Solutions Inc .; we began construction of our Arizona Spoke ; and just yesterday , we announced plans to build an incremental fourth Spoke in Alabama . With the funds from our business combination transaction completed in August 2021 , we believe that Li - Cycle is primed to capitalize on the significant growth opportunities created by the continuing mobility revolution , " said Ajay Kochhar , President and Chief Executive Officer of Li - Cycle . 1