Seasoned Investor Relations Officer to Spearhead the Company’s Financial Community Engagement

Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or “the Company”), an industry leader in lithium-ion battery resource recovery and recycling in North America, today announced the appointment of Nahla Azmy to the role of Senior Vice President (SVP), Investor Relations and Financial Communications, effective immediately. In her new role, Ms. Azmy will lead all investor relations activities and act in a strategic advisory capacity to the Company’s executive leadership team. Ms. Azmy will report to Li-Cycle’s President, CEO, and co-founder, Ajay Kochhar.

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Nahla Azmy (Photo: Business Wire)

Ms. Azmy brings more than 20 years of experience as a senior investor relations officer and former equity analyst, providing strategic and financial community perspectives while also building strong investor relations programs for companies experiencing major growth and transformation.

"We are thrilled to welcome Nahla to Li-Cycle as we expand on the commercialization of our lithium-ion battery recycling technologies globally and deliver value to all stakeholders,” said Mr. Kochhar. “Nahla has a proven track record with the investment community and is a veteran in the lithium sector. As a member of our executive leadership team, we will tap into her strong investor insights and guidance.”

“I am excited to join Li-Cycle with its visionary and innovative leadership team at the forefront of the lithium-ion battery recycling industry. It is great to be back in the lithium space and to be part of this compelling business strategy and sustainability story at a pivotal inflection point for the Company,” said Ms. Azmy.

Prior to joining Li-Cycle, Ms. Azmy served as Vice President of Investor Relations and Financial Communications for Ecovyst (formerly PQ Corporation), where she developed and implemented an investor relations program for the company following its 2017 IPO. Prior to this role, she established and led transformational investor relations programs for Versum Materials (acquired by Merck AG), Alcoa (separated into three companies), Rockwood Holdings (acquired by Albemarle), and NRG Energy. Before joining NRG, Ms. Azmy was an equity analyst for eight years with a top-ranked utilities and power research team.

Ms. Azmy holds a Master of Business Administration degree from NYU Stern School of Finance and a Bachelor of Arts from Colgate University. She was elected to the NIRI Philadelphia Board of Directors in 2021, earned NIRI’s Investor Relations Charter credential (IRC) in 2020, and is a member of the NIRI Senior IR Roundtable.

About Li-Cycle Holdings Corp.

Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.

Forward-Looking Statements

Certain statements contained in this communication may be considered “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the U.S. Securities Act of 1993, as amended, Section 21 of 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 “will,” “expect,” “plan,” “potential,” “future,” “continuing” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements may include, for example, statements about the future financial performance of Li-Cycle. These statements are based on various assumptions, whether or not identified in this communication, which Li-Cycle believe are reasonable in the circumstances. There can be no assurance that such estimates or assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in 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 the control of Li-Cycle, and are not guarantees of future performance. These and other risks and uncertainties related to Li-Cycle’s business are described in greater detail in the section entitled "Risk Factors" in its final prospectus dated August 10, 2021 filed with the Ontario Securities Commission in Canada and the Form 20-F filed with the U.S. Securities and Exchange Commission, and in other filings made by Li-Cycle with securities regulatory authorities. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement.

In addition, forward-looking statements contained in this communication reflect Li-Cycle’s expectations, plans or forecasts of future events and views as of the date of this communication. Li-Cycle anticipates that subsequent events and developments could cause Li-Cycle’s assessments, expectations, plans and forecasts to change. While Li-Cycle may elect to update these forward-looking statements at some point in the future, Li-Cycle has no intention and undertakes no obligation to do so, except as required by applicable laws. These forward-looking statements should not be relied upon as representing Li-Cycle’s assessments as of any date subsequent to the date of this communication. Li-Cycle’s forward-looking statements are expressly qualified in their entirety by this cautionary statement.

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