Li-Cycle Holdings Corp. (NYSE:LICY) Q4 2023 Earnings Call Transcript

Tim Johnston: Good morning, Matt. And so, the short answer to that is no major changes required from an environmental permitting perspective. It’s still the same materials. It’s a smaller operating footprint, so it would be within our existing permanent framework. The only consideration is what we would call normal construction style permits and some modifications to those as one or two of the areas are a little bit physically different, but that’s the only difference there Matt.

Matthew O’Keefe: Okay. So, that won’t impact your proposed well, your revised timeline at all?

Tim Johnston: No.

Matthew O’Keefe: Okay. And then, just on the timeline, I know it’s still a lot of moving parts here and it’s going to take some time. But with the Glencore convert, you buy yourself a good amount of time. I don’t know whether it’s maybe a year to 18 months of runway. You can correct me if you can give me more color on that. But once you do get sort of a financing solution in place, roughly how long would it take to complete the facility construction and then sort of get into your ramp up?

Tim Johnston: Yes, good questions, Matt. And obviously things, a lot of folks want to understand. I think at this stage what we’re doing is we’re right in the midst of these, just did a terminal technical review, looking at the technical economic viability, which was good and that was positive. And now I think the key thing that we need to get done in the coming periods is really this subcontractor bidding. So, before we come out and start talking about timeline and whether it’s going to be, we have to do, but that needs to be informed by the folks who are actually going to do the work and that’s the key next thing that we’re going to be looking to define. So, I think post that then at the right time, we’d love to get some color, but where we stand today, we’re still reviewing.

Matthew O’Keefe: Okay, yes, it is helpful. Thank you. That’s it for me.

Tim Johnston: Thanks, Matt.

Operator: [Operator Instructions] And it appears there are no further questions in the queue at this time. I will turn the call back to Ajay for his closing comments.

Ajay Kochhar: Thanks very much. And again appreciate everybody’s time as I mentioned right towards the end of the call. I know the support from our various stakeholders in this period and we look forward to updating everybody as we progress. Thank you.

Operator: This does conclude today’s call and webcast. You may disconnect your line at this time and have a wonderful day.