Li-Cycle Will Host Its Annual Meeting and Special Meeting of Shareholders on Thursday, May 23, 2024 at 8:30 A.m. (ET)

TORONTO – Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), a global leader in lithium-ion battery resource recovery, will hold its 2024 annual meeting of shareholders and special meetings (“Meeting”) on Thursday, April 23. May 2024 at 8:30 a.m. Eastern Time in a virtual format via live audio webcast. All interested parties are invited to attend the meeting using the live webcast link here: http://www.virtualshareholdermeeting.com/LICY2024. Only registered shareholders and duly appointed proxies as of the record date of April 8, 2024 will be entitled to vote and ask questions at the Meeting.

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The Company’s meeting materials are available at http://www.ProxyVote.com, on Li-Cycle’s website at Li-Cycle – Investor Relations, on EDGAR at www.sec.gov and on SEDAR+ at www.sedarplus.com.

To support Li-Cycle’s commitment to environmental sustainability and to reduce its printing and mailing costs, the company uses notification and access procedures to deliver meeting materials. Under “Notification and Access,” the Company will make the meeting materials available via the Internet and will send a notice to stockholders with instructions on how to access the materials on the Internet and instructions on how to obtain a paper copy.

Your voice is important. Whether or not you plan to attend the meeting virtually, please vote as soon as possible using one of the methods described in the meeting materials to ensure that your shares are represented and voted at the meeting. The deadline for voting via internet or telephone prior to the meeting is May 21, 2024 at 8:30 a.m. Eastern Time.

Annual Report on Form 10-K

Li-Cycle has also filed its annual report on Form 10-K for the fiscal year ended December 31, 2023, including the Company’s audited consolidated financial statements for the fiscal year ended December 31, 2023 and management’s discussion and analysis related thereto. This is available for download in the investor section of the company website under Li-Cycle – Investor Relations. It is also available on EDGAR at www.sec.gov and on SEDAR+ at www.sedarplus.com.

About Li-Cycle Holdings Corp.

Li-Cycle (NYSE: LICY) is a global leader in lithium-ion battery resource recovery. Li-Cycle was founded in 2016 and has large customers and partners around the world. Li-Cycle’s mission is to recover critical battery-grade materials to create a domestic, closed-loop battery supply chain for a clean energy future. The company uses its innovative, sustainable and patent-protected Spoke & Hub Technologies™ to recycle all types of lithium-ion batteries. At our spokes, or pre-processing, facilities, we recycle battery manufacturing waste and end-of-life batteries to produce black mass, a powder-like substance that contains a number of valuable metals, including lithium, nickel and cobalt. In our future hubs or post-processing facilities, we plan to process black mass to produce critical battery-grade materials, including lithium carbonate, for the lithium-ion battery supply chain. For more information, visit https://li-cycle.com/.

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Forward-Looking Statements

Certain statements contained in this press release may be deemed “forward-looking statements” within the meaning of the US Private Securities Litigation Reform Act of 1995, Section 27A of the US Securities Act of 1933, as amended, Section 21 of the US Securities Exchange Act of 1934 as amended from time to time and applicable Canadian securities laws. Forward-looking statements can generally be identified by the use of words such as “believe,” “could,” “will,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would.” , “may”, “plan”, “potential”, “future”, “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical fact, although not all forward-looking statements contain such Identify words. Forward-looking statements in this press release include, but are not limited to, statements regarding Li-Cycle’s 2024 annual meeting of stockholders and special meetings of stockholders. These statements are based on various assumptions made by Li-Cycle’s management, whether or not set forth in this press release or not. There can be no guarantee that such assumptions will prove to be correct. Therefore, actual results or events may differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond Li-Cycle’s control and are not guarantees of future performance. Li-Cycle identifies the principal risks and uncertainties affecting its performance and the assumptions on which the forward-looking information in the paragraphs headed is based “Point 1A. Risk Factors,” “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations – Key Factors Affecting Li-Cycle’s Performance,” and elsewhere in Li-Cycle’s Annual Report on Form 10-K for the fiscal year ending December 31, 2023 filed with the US Securities and Exchange Commission (“SEC”) and the Ontario Securities Commission (“OSC”) in Canada on March 15, 2024, and in Li-Cycle’s subsequent filings with the SEC and OSC. Li-Cycle undertakes no obligation to update or revise any forward-looking statements, except as required by law. These forward-looking statements should not be relied upon as representing Li-Cycle’s judgment as of any date subsequent to the date of this press release.