Li-Cycle Investor Presentation Deck

European Hub: Li-Cycle Proprietary Process and Operational Know- How Accelerates Production of Lithium Carbonate(1) Expedited Flowsheet Black Mass Leaching MHP(2) (Co-Ni-Mn) Precipitation Lithium Carbonate Precipitation Portovesme Hub Key Milestones Timeline Brownfield Site: Portovesme, Italy > Processing Capacity: Up to 70,000 tonnes black mass per year > End-Products (in tonnes per year): ● ● ● Portovesme Hub Project Highlights Lithium Carbonate: -15,000 tonnes (3)/yr Nickel contained: ~18,000 tonnes/yr Cobalt contained: ~2,250 tonnes/yr Mid-2023 - Mid-2024 Definitive Feasibility Study Brownfield: Lowering capital intensity by repurposing existing metallurgical site infrastructure and equipment with access to operating workforce Technology: Fast tracking Li-Cycle's state-of-the-art hydrometallurgical technology to Europe Feedstock: Supplied from both Li-Cycle's growing European Spoke network and Glencore's commercial network Funding: Contemplates competitive long-term financing from Glencore to fund Li-Cycle's full share of the capital investment Late 2024 - Late 2026 50-70kt Construction Late 2026 - Early 2027 Commence Commissioning (1) Portovesme Hub to commence construction upon completing 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 Li-Cycle 15

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