Li-Cycle Financials and Strategic Update

Battery Supply Chain is Largely Controlled Outside of North America and Europe Primary Supply Sources by Top 3 Regions (1) Processing Capacity by Top 3 Regions (1) 100% 100% Others 90% 90% Others Others Others Argentina 80% China 80% Australia Others Belgium Others 70% Russia 70% Finland Chile Chile 60% 60% 50% Russia 50% 40% Democratic 40% Japan Indonesia Republic of Philippines 30% Congo 30% China China Australia 20% 20% China Indonesia 10% 10% 0% 0% Cobalt Nickel Lithium Cobalt Nickel Lithium 1) Source: International Energy Agency (IEA) - May 2021 Li-Cycle 7

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