Li-Cycle Financials and Strategic Update

Key Operational Milestones for Spoke & Hub Network Completed Targeted Q3 2020 Ontario Spoke 5K tonnes Q2 2022 Arizona Spoke 10K tonnes 1H 2023 Germany Spoke 10K tonnes Q1 2021 2H 2022 1H 2023 New York Spoke 5K tonnes ■ Alabama Spoke 10K tonnes ■ Ohio Spoke 15K tonnes 1H 2023 Norway Spoke 10K tonnes Note: Spokes reflect quarters and semi-annual fiscal year while the Hub reflects calendar year. All Spoke capacity metrics refer to LIB input capacity per year. Calendar 2023 ■ Rochester Hub 35K tonnes Black Mass 1 HUB: FY 2023E 7 SPOKES: 65,000 tonnes LIB processing capacity/year processing capacity/year of 35,000 tonnes Black Mass or 90,000 tonnes LIB equivalent Li-Cycle 11

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