Significant accounting policies (Tables)

9 Months Ended

12 Months Ended

Jul. 31, 2021

Oct. 31, 2020

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Summary of Principal subsidiaries and their geographic location

The Company’s principal subsidiaries and their geographic location as at July 31, 2021 was as follows:

Company	Location	Ownership interest
Li-Cycle Inc.	Delaware, U.S.		100	%
Li-Cycle North America Hub, Inc.	Delaware, U.S.		100	%
Li-Cycle Holdings Corp.	Ontario, Canada		100	%

The Company’s principal subsidiaries and their geographic location as at October 31, 2020 was as follows:

Company	Location		Ownership interest
Li-Cycle Inc.		Delaware, U.S.		100	%
Li-Cycle North America Hub, Inc.		Delaware, U.S.		100	%

Summary of detailed information about estimated useful lives property plant and machinery

The estimated useful lives are as follows:

Vehicles	5 years
Plant equipment	5 years
Storage containers	10 years
Leasehold improvements	Shorter of term of lease or estimated useful life

Summary of classification and measurement basis of financial instruments

The classification and measurement basis of the Company’s financial instruments are as follows:

Financial Instrument	Measurement
Cash	Amortized cost
Trade accounts receivables	FVTPL
Other accounts receivables	Amortized cost
Accounts payable and accrued liabilities	Amortized cost
Restricted share units	FVTPL
Loans payable	Amortized cost
Lease liabilities	Amortized cost
Convertible debt	Amortized cost
Conversion feature of convertible debt	FVTPL