Investor Presentaiton

Portovesme Hub: Li-Cycle's Joint Venture Partnership Glencore (1) Expedited Flowsheet Black Mass Leaching Portovesme Hub Project Highlights Brownfield: Lowering capital intensity by repurposing existing metallurgical site infrastructure and equipment with access to operating workforce MHP(2) (Co-Ni-Mn) Precipitation Lithium Carbonate Precipitation Technology: Fast tracking Li-Cycle's state-of-the-art hydrometallurgical technology to Europe Brownfield Site: Portovesme, Italy Processing Capacity: Up to 70,000 tonnes black mass per year Feedstock: Supplied from both Li-Cycle's growing European Spoke network and Glencore's commercial network End-Products (in tonnes per year): • • Nickel contained: ~18,000 tonnes/yr Cobalt contained: ~2,250 tonnes/yr Lithium Carbonate: -15,000 tonnes (3)/yr Funding: Contemplates competitive long-term financing from Glencore to fund Li-Cycle's full share of the capital investment Late 2026 - Early 2027 Commence Commissioning Portovesme Hub Key Milestones Timeline Mid-2024 Definitive Feasibility Study(4) Late 2024 - Late 2026 50-70kt Construction (1) Portovesme Hub to commence construction upon completing Definitive Feasibility Study (DFS) and subject to Final Investment Decision; (2) MHP refers to mixed hydroxide product; (3) Projected to produce approximately 15,000 to 16,500 tonnes of lithium carbonate; (4) DFS completion timing during 2024 is under review Ⓡ Li-Cycle 9

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