Li-Cycle and Shift2 Partner to Donate Laptops to High School Students in Rochester, New York

TORONTO --Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, and Shift2, a non-profit organization providing access to technology for equity-deserving individuals, are pleased to announce the donation of laptops to 60 senior students at Edison Career and Technology High School (“Edison Tech”) in Rochester, New York.

At an event at Edison Tech today, representatives from Shift2 and Li-Cycle presented laptops to students who have completed a college application, a financial aid application, or have actively pursued employment in the trades.

Li-Cycle is also pleased to announce the extension of its corporate sponsorship of Shift2 for an additional three years. Through its sponsorship, Li-Cycle will continue to support Shift2’s mission and make a positive impact on the lives of individuals residing in and around the greater Rochester, New York area.

Anthony Staley, VP, North American Hub, Li-Cycle, commented: “We are thrilled to extend our partnership with Shift2 and provide students with laptops and support their education. By working with Shift2, we can enhance our ability to deliver a positive impact to local Rochester communities. Li-Cycle is driving the future of next-generation clean technology in Rochester by developing a facility that is expected to be one of the largest sources of lithium and recycled battery materials in North America at the Eastman Business Park.”

Megan Alchowiak, Executive Director, Shift2, commented: “We are excited to strengthen our partnership with Li-Cycle and greatly appreciate their support of our mission. Today’s donation showcases both Li-Cycle and Shift2’s firm commitment to making a tangible difference in the Rochester community. We are excited to be donating these valuable laptops to these very deserving students.”

Jacob Scott, Principal, Edison Tech, commented: "We are incredibly grateful to Li-Cycle and Shift2 for their generous donation of laptops to our senior students, which will make a positive difference to their future success. These laptops provide our seniors with the necessary tools to excel in their studies and empowers them to navigate the digital world with confidence. It is great to see the remarkable impact that can be made when our community comes together to support education and invest in the dreams and aspirations of our youth."

Since 2021, Li-Cycle and Shift2 have worked together to support efforts to recycle lithium-ion batteries from used laptops in a safe and environmentally friendly manner. Li-Cycle also supports Shift2’s mandate of distributing refurbished laptops to individuals in the Rochester community who lack access to technology. Li-Cycle and Shift2’s collaboration has benefited many community groups to address issues such as access to education, homelessness, at-risk youth, and job empowerment.

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 battery-grade 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/.

About Shift2

Shift2 (formerly known as The Shore Foundation) is a non-profit organization in Rochester, NY with a mission to maximize the usefulness of existing technology to make a positive impact on people’s lives, the community and the environment. By repurposing computers originally used by businesses, Shift2 plays a vital role in equipping community members with the tools they need to stay connected, unlock their potential, and succeed in this digital age. Additionally, the organization is dedicated to responsible recycling unusable technology, recognizing the significance of reclaiming metals and rare earth elements critical for the production of devices in the future. For more information: https://shift2nfp.org/.