Li-Cycle Holdings Corp. (NYSE:LICY) Q1 2023 Earnings Call Transcript

Tim Johnston: Yeah. There is significant value in having a diversified network of merchant Spoke facilities to access the broad market of import materials to generate Black Mass. And so as we continue to build out our network, we can flex with the market where it makes the most economic sense to produce the lowest-cost metal units delivered to the Hub and that’s really our focus. So at the end of the day, the Spokes are low-capital intensity assets that give us broad access to recycle materials to feed the Rochester Hub.

Evan Silverberg: Thanks for the color guys.

Ajay Kochhar: Appreciate it. Thanks, Evan.

Operator: Thank you. It appears we have no further questions at this time. I’ll turn the call back over to Ajay Kochhar for any additional or closing remarks.

Ajay Kochhar: Thank you. So to summarize, we kicked off 2023 with great momentum, executing our Spoke & Hub Network strategy and growth plans. Thanks to the outstanding achievements by the team, our prospects are accelerating through increased global commercial partnerships and significant government support. We’re positioning Li-Cycle as the go-to innovative, sustainable and localized solutions provider to the battery supply chain enabling a clean energy future. We remain focused on delivering significant value to our key stakeholders and are excited to continue to update you folks as we continued to progress. Thank you for all your time and support of Li-Cycle.

Operator: This does conclude today’s call. Thank you for your participation. You may disconnect at any time.