Monday it received a conditional commitment from the U.S. governing body as part of its Advanced Technology Vehicles Manufacturing program. The facility will produce recycled battery-grade lithium and is expected to be the first of its kind in North America.
When running at full capacity, the release said the facility could produce up to 8,500 tonnes of lithium carbonate, 48,000 tonnes of nickel sulphate and 7,500 tonnes of cobalt sulphate each year. The loan will have a term of up to 12 years and certain conditions will need to be met before closing, which the release said is expected to occur in the second quarter of this year.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toronto-based Li-Cycle gets conditional commitment for US$375-million U.S. Departent of Energy loanLi-Cycle plans to start commissioning its US$485-million Rochester Hub in western New York late this year
Source: globeandmail - 🏆 5. / 92 Read more »
Toronto Community Housing’s Swansea Mews moves closer to demolition - Toronto | Globalnews.caToronto Community Housing is moving to demolish its Swansea Mews homes after safety fears shut the complex down and forced residents to move out.
Source: GlobalNational - 🏆 81. / 51 Read more »
Li-Cycle stock jumps 10% after announcing conditional $375-million loan from the U.S. governmentLi\u002DCycle Holdings Corp. signs conditional deal for a U.S. government loan to help build a battery minerals recycling plant. Read on
Source: financialpost - 🏆 7. / 85 Read more »
Canadian EV battery recycler Li-Cycle to get US$375-million loan for N.Y. plantLi-Cycle's Rochester, N.Y., processing facility is slated to open later this year at a cost of roughly US$485 million.
Source: AutoNewsCanada - 🏆 77. / 51 Read more »
Li-Cycle stock jumps 10% after announcing conditional $375-million loan from the U.S. governmentLi\u002DCycle Holdings Corp. signs conditional deal for a U.S. government loan to help build a battery minerals recycling plant. Read on
Source: nationalpost - 🏆 10. / 80 Read more »
This is what a $1 million home looks like in Toronto right nowFinding a nice home in Toronto at a reasonable price can be a headache, but with the right amount of patience, there's still several properties aro... That’s small compared to real million dollar house today That looks about right Sorry that’s 1.5 m
Source: blogTO - 🏆 44. / 63 Read more »