Page 4 - Cycle Corp News Today

Li-Cycle Corp., the largest lithium-ion battery recycler in North America, will build its third commercial lithium-ion battery recycling facility, to be located in Gilbert, Arizona, within the Phoenix metropolitan area. (Earlier post.) When complete, Li-Cycle’s “Spoke 3” facility will be capable of processing up to 10,000 tonnes of end-of-life batteries...

TechMet closes its second funding round at $120M - TechMet the private strategic metals company backed by the US DFC, closes its second equity funding round with a 50% oversubscription - Largest shareholders now include DFC, Lansdowne Partners and Mercuria. News provided by Share this article Share this article DUBLIN, LONDON and WASHINGTON, April 16, 2021 /PRNewswire/ -- TechMet has announced the closing of its second-round equity fundraising at $120m. The close represents a 50% oversubscrip...

TechMet, a Dublin, Ireland-based private company that invests in projects across the supply chain of the metals critical to electric vehicles and renewable energy systems that form the basis of the green industrial revolution, closed its second-round equity fundraising, at $120m. TechMet’s largest shareholders now include: the US International Development Finance Corporation (DFC – the US Government’s development finance institution); Lansdowne Partners; TechMet Chairman and CEO, Br...

By Reuters Staff 2 Min Read (Reuters) - Mining investment firm TechMet, which counts the U.S. government as its largest investor, said on Thursday it had closed its second round of funding at $120 million, roughly 50% higher than initially expected. The firm, which controls battery recycler Li-Cycle Corp, has now raised nearly $133 million between its two rounds of funding. TechMet plans to use the funds to continue investments in mines and other projects that produce metals used to make electr...

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Li-Cycle to Participate in Upcoming Investor Conferences 155 TORONTO--(BUSINESS WIRE)--Li-Cycle Corp. (“Li-Cycle” or the “Company”), a commercial leader in lithium-ion battery resource recovery, today announced its participation in several upcoming investor events: Wells Fargo Future Mobility Conference (April 7-8, 2021) Wedbush Electric Vehicle Conference (April 8, 2021) Cormark Inflection 2021: Materials, Industrials, Agriculture and Power in an Era of Sustainability Conference (April...

2 Min Read (Reuters) - Li-Cycle Corp, a recycler of lithium-ion batteries, is nearing a deal to go public through a merger with blank-check acquisition company Peridot Acquisition Corp at a valuation of about $1.7 billion, according to people familiar with the matter. The deal could be announced as early as Tuesday, the sources said, requesting anonymity ahead of an official announcement. It represents a bet on the growing market for recycling used batteries, as well on the rising demand for li...

Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Before you get to reading The Station, a small update for you. As transportation editor — a new title I gained last month — I am focused on building a team and deepening our coverage. My first task was to bring on Mark Harris, who will be writing investigative pieces as well as articles for our subscription product Extra Crunch....

Li-Cycle Corp said it will go public through a merger with blank-check acquisition company Peridot Acquisition Corp in a deal valuing the recycler of lithium-ion batteries at $1.67 billion.

(Reuters) - Li-Cycle Corp, a recycler of lithium-ion batteries, is nearing a deal to go public through a merger with blank-check acquisition company Peridot Acquisition Corp at a valuation of about $1.7 billion, according to people familiar with the matter.