Li-Cycle Holdings Corp 2024年度报告

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. YesoNox Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. YesoNox Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes x Noo Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act.o If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correctionof an error to previously issued financial statements.o Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’sexecutive officers during the relevant recovery period pursuant to §240.10D-1(b).o Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).YesoNox The aggregate market value of the registrant's common shares held by non-affiliates, based on the closing sale price as reported by the New York Stock Exchange on June 28, 2024,the last business day of the registrant’s most recently completed second fiscal quarter, was approximately $125.0million. Table of Contents Common shares beneficially owned by each executive officer, director and holder of more than 10% of common stock have been excluded in that such persons may be deemed to As of March18, 2025, the registrant had44,541,690common shares outstanding. DOCUMENTS INCORPORATED BY REFERENCE: LI-CYCLE HOLDINGS CORP.TABLE OFCONTENTS PART I Item 1Business11Item 1ARisk Factors18Item 1BUnresolved Staff Comments44Item 1CCybersecurity44Item 2Properties45Item 3Legal Proceedings46Item 4Mine Safety Disclosures47 PART II Item 5Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities48Item 6[Reserved]51Item 7Management’s Discussion and Analysis of Financial Condition and Results of Operations52Item 7AQuantitative and Qualitative Disclosures About Market Risk65Item 8Financial Statements and Supplementary Data66Item 9Changes in and Disagreements With Accountants on Accounting and Financial Disclosure107Item 9AControls and Procedures107Item 9BOther Information109Item 9CDisclosure Regarding Foreign Jurisdictions that Prevent Inspections109 PART III Item 10Directors, Executive Officers and Corporate Governance110Item 11Executive Compensation114Item 12Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters121Item 13Certain Relationships and Related Transactions and Director Independence124Item 14Principal Accounting Fees and Services127 PART IV Item 15Exhibits and Financial Statement Schedules129Item 16Form 10-K Summary136Signatures137 CAUTIONARYNOTEREGARDING FORWARD-LOOKING STATEMENTS Certain statements contained in this Annual Report on Form10-K may be considered “forward-looking statements” within themeaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1933, as amended, Section 21of 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 orindicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain suchidentifying words. Forward-looking statements in this Annual Report on Form 10‑K include but are not limited to statements about: theexpectation that Li-Cycle will recover critical battery-grade materials to create a domestic closed-loop battery supply chain for a clean energyfuture; the expectation that the steps taken under the Cash Preservation Plan will result in cash savings; expectations regarding cash outflows;expectations regarding Li-Cycle’s ability to raise additional capital for operating expenses and liqui