LORDSTOWN – Li-Cycle Holdings Corp., an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced it will operate its sixth and largest lithium-ion battery recycling Spoke facility at the Ultium Cells LLC battery cell manufacturing mega-factory site in Lordstown.

Ultium Cells is a joint venture between General Motors and LG Energy Solution. This new Spoke continues Li-Cycle’s strategic execution and focus on growing its integrated Spoke & Hub network in North America, including through commercial partnerships.

The Company’s new Spoke facility will be located on the same site as Ultium Cells’ factory under construction along state Route 45 in Lordstown. It will support Li-Cycle’s previously announced multi-year agreement to process the battery manufacturing scrap generated at the property. Ultium Cells will construct a new building for the Company’s recycling facility, and Li-Cycle will install and operate its proprietary Spoke technology and equipment at the facility after construction is complete. The plan is to enhance Li-Cycle’s ability to serve Ultium Cells’ recycling needs by providing on-site conversion of battery manufacturing scrap to intermediate products.

The Company expects its Ohio facility to substantially reduce the costs associated with moving and handling battery manufacturing scrap materials. The new Spoke facility also will be optimized for the particular types of battery manufacturing scrap generated at the Ultium Cells plant, enhancing production efficiency.

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