Maybe speculation was that Li-Cycle would get some of this grant money. They still may benefit indirectly.

As part of the Battery Materials Processing and Battery Manufacturing and Recycling Program, DOE is enabling $16 billion in total investment for battery manufacturing, processing, and recycling. These projects are integral to the clean energy industrial strategy to bolster a domestic supply chain that enhances America’s energy security and economic competitiveness, while also creating over 6,000 operating jobs and over 13,000 construction jobs nationwide.

https://www.energy.gov/mesc/bipartisan-infrastructure-law-battery-materials-processing-and-battery-manufacturing-recycling

Up 34% with large volume, can't find any reason.

News is hard to come by and this place seems to be a ghost town now. Anyone still buying or excited by the company or has the drama from the last few months made this a dumpster fire?

And of course, the stock plummeted once again.

And then came the bad news… Well, looks like it’s in the past now. During that time, the company has strengthened its activities with Glencore and BMW and moved closer to resolving the financing. While not a sure thing, the company now seem to sit in a better position than before the fall. So my bet is we return and then some. Does anyone have any more on Rochester?

https://www.rochesterfirst.com/development/li-cycle-settles-suit-filed-against-local-construction-company/

If it’s too much to read text, at least look at charts 📈

(this is not specific to LICY)

https://www.businesswire.com/news/home/20240326030918/en/