Exhibit 99.2

Li-Cycle Holdings Corp. Reports Financial Results for Fourth Quarter and Full Year 2021; Significant Progress in Advancing Spoke and Hub Network Strategy

• Mobilized to site for the Rochester Hub, with an upsized black mass processing capacity of 35,000 tonnes per annum; Equivalent to approximately 18 gigawatt (GWh) hours of lithium-ion batteries or 225,000 electric vehicles;

• Continued development of Spoke network with announcement of new location in Ohio co-located with Ultium Cells LLC, the joint venture between General Motors and LG Energy Solution; announcement of Li-Cycle’s first European Spoke in Norway, through a joint venture;

• Robust balance sheet with $596.9 million in cash, as of fiscal year end 2021;

• Received $100 million investment from Koch Strategic Platforms in the form of a convertible note; expanding strategic partnership to support growth of Spoke and Hub network;

• Progressing proposed arrangements with LG Chem and LG Energy Solution to recycle battery scrap materials and off-take for nickel sulphate; $50 million investment in Li-Cycle upon completing commercial agreements by mid-March;

• Revenue increased 836% to $4.4 million and 831% to $7.4 million in Fourth Quarter and Full Year ended October 31, 2021, respectively;

• Redemption of all outstanding warrants in January 2022, which will result in a simplified capital structure.

TORONTO, ONTARIO (January 27, 2022) – Li-Cycle Holdings Corp. (NYSE: LICY) (“Li-Cycle” or the “Company”), an industry leader in lithium-ion battery resource recovery and the leading lithium-ion battery recycler in North America, today announced financial results for its fourth quarter and full year ended October 31, 2021. For the fiscal Q4 2021 and full fiscal year 2021, revenues increased to $4.4 million and $7.4 million from $0.5 million and $0.8 million in fiscal Q4 2020 and fiscal year 2020, respectively.

“We were pleased with our strong fourth quarter performance. The growth in our revenues exemplified the strong operational and commercial execution by the Li-Cycle team. We now have approximately 85 battery supply customer sources. We produced approximately 1,900 tonnes of black mass at the Kingston and Rochester Spokes during fiscal 2021, with more than 800 tonnes of black mass produced during the fourth quarter alone, and 100% of this production sold under off-take agreements.” said Ajay Kochhar, President and Chief Executive Officer of Li-Cycle.

1

“We also made significant strides on our Spoke and Hub strategy, competitively positioning Li-Cycle as the leading North American lithium-ion battery recycler. In aligning with our key commercial and strategic partners, we now expect to have annual Spoke processing capacity of up to 45,000 tonnes of lithium-ion battery input and Hub processing capacity of 90,000 tonnes of lithium-ion battery equivalent input in North America. We have the necessary funding available to support our expanded Rochester Hub and planned Spokes, including our initial launch into Europe,” added Mr. Kochhar.

Demand Trends

Rising consumer adoption of EVs is driving global automotive OEMs to increase their manufacturing capacity to ensure EV sales market share. Growing cell, module and pack manufacturing is accelerating the need for scrap recycling in the near to medium term. At least 5% to 10% of lithium-ion battery manufacturing volumes are typically lost or rejected as scrap. End-of-life EV batteries available for recycling will augment this recycling growth in the long term.

North America is emerging as an important region for the lithium-ion battery supply chain. As battery manufacturers and automotive OEMs increasingly establish operations in the region, the Company expects this will lead to increased quantities of battery manufacturing scrap for recycling. It is estimated that the existing North American mega-factory capacity will grow from approximately 45 GWh in 2021 to more than 500 GWh by 2025. European mega-factory capacity is also projected to grow from 37 GWh in 2021 to more than 930 GWh by 2030.

Spoke & Hub Network:

Li-Cycle reiterates its global 2025 network targets of at least 100,000 tonnes of annual lithium-ion battery equivalent Spoke processing capacity (equivalent to approximately 20 GWh of lithium-ion batteries) and a centralized network of at least 220,000 tonnes of annual lithium-ion battery equivalent Hub processing capacity (equivalent to approximately 44 GWh of lithium-ion batteries). In the near to medium term, the Company expects its expansion efforts to focus on North America and Europe. The Company is also opportunistically exploring investments in Asia Pacific. Li-Cycle will continue to partner with multiple customers in each region in connection with supply and off-take arrangements.

To date, Li-Cycle has announced annual lithium-ion battery processing capacity for its Spokes in operation, construction and advanced development totaling 65,000 tonnes of lithium-ion battery input/year and Hub capacity under construction of approximately 90,000 tonnes of lithium-ion battery equivalent input/year (35,000 tonnes of black mass input/year).

Spokes in Construction and Advanced Development:

• North America

• Arizona and Alabama Spokes: each of these Spoke facilities is expected to have an annual processing capacity of 10,000 tonnes of lithium-ion battery input/year and is currently under construction and expected to commence operations in 2022.

• Ohio Spoke: with expected annual processing capacity of 15,000 tonnes of lithium-ion battery input/year, this Spoke will be co-located at Ultium Cells LLC’s battery cell manufacturing mega-factory, based on a multi-year agreement to process the mega-factory’s battery manufacturing scrap. The facility is expected to be operational in early 2023.

2

• Europe

• Norway Spoke: Li-Cycle’s inaugural European Spoke is being developed through a joint venture with Norwegian Morrow Batteries and ECO STOR. It is expected to have an annual processing capacity of 10,000 tonnes of lithium-ion battery input/year, with operations expected to begin in early 2023.

• Germany Spoke: The Company is targeting its second Spoke in Europe to be in Germany. It is expected to have an annual processing capacity of 10,000 tonnes of lithium-ion battery input/year.

Rochester Hub:

Li-Cycle expects the Rochester Hub will have the nameplate input capacity to process 35,000 tonnes of black mass annually (equivalent to approximately 90,000 tonnes of lithium-ion battery equivalent feed annually). With this capacity, the Rochester Hub will have the ability to process battery material that is equivalent to approximately 225,000 electric vehicles per year or 18 GWh of lithium-ion batteries.

The Company expects annual production output from the Rochester Hub to be approximately 42,000 to 48,000 tonnes of nickel sulphate, 7,500 to 8,500 tonnes of lithium carbonate and 6,500 to 7,500 tonnes of cobalt sulphate.

Li-Cycle expects to commission the Rochester Hub in 2023, subject to receipt of remaining regulatory and other approvals. Li-Cycle estimates that the Rochester Hub will require a total capital investment of approximately $485 million (+/-15%).

Financial Review for the Fiscal Fourth Quarter and Full Year Ended October 31, 2021

Financial Results for Fourth Quarter 2021

Revenues for the quarter increased 836% to $4.4 million, compared to $0.5 million in the same quarter last year, driven by increases in recycling services and product sales, primarily as a result of the increase in the quantities of batteries and battery scrap processed at the Rochester Spoke and the continued onboarding of new battery supply customers. Revenues from product sales were approximately $4.2 million, while revenues from recycling services were approximately $0.1 million.

Operating expenses for the quarter increased to $18.6 million, compared to $5.0 million during the same period last year, driven by increased personnel costs, share-based compensation, professional fees and administrative costs in support of a public company. In addition, a ramp-up of operations at the Kingston and Rochester Spokes resulted in increases in raw materials, supplies, and logistics costs.

Net loss in the quarter was approximately $205.0 million, compared to approximately $4.4 million in the prior-year period. This was primarily driven by the impact of a listing fee of $152.7 million related to the Business Combination and $35.8 million of fair value loss on financial instruments.

3

Adjusted EBITDA (loss) was $(11.5) million, compared to $(4.1) million for the prior-year period¹. This was largely driven by higher staffing and network development costs related to the growth and expansion of the business, as discussed in relation to operating expenses noted above.

Cash flows used in operating activities were approximately $11.3 million, compared to $1.8 million during the same period last year, primarily driven by increased personnel costs, increased professional fees and admin costs in support of a public company, a ramp up of operations at the Kingston Spoke and Rochester Spoke, increases in raw materials and supplies. The cash outflows were partially offset by cash receipts from increased sales.

Financial Results for Full Year 2021:

Revenues increased approximately 831% to approximately $7.4 million, compared to approximately $0.8 million in the prior-year period, driven by increases in recycling services and product sales, primarily as a result of the increase in the quantities of batteries and battery scrap processed at the Kingston and Rochester Spokes and the continued onboarding of new battery supply customers. Revenues from product sales were approximately $6.9 million, while revenues from recycling services were approximately $0.4 million.

Operating expenses increased to approximately $39.2 million, compared to approximately $9.9 million during the prior-year period, driven by increased personnel costs, share-based compensation, professional fees and admin costs in support of a public company. In addition, a ramp up of operations at the Kingston and Rochester Spokes resulted in increases in raw materials, supplies, and logistics costs. The year-over-year increase in R&D expenditure was primarily due to R&D expenses in 2020 being largely funded by government grants, the amortization of which offset the applicable R&D expense for accounting purposes.

Net loss was approximately $226.6 million, compared to approximately $9.3 million in the prior-year period. This was primarily driven by the impact of listing fee of $152.7 million related to the Business Combination and $38.3 million of fair value loss on financial instruments.

Adjusted EBITDA (loss) was approximately $25.4 million for the twelve months ended October 31, 2021, compared to approximately $8.0 million for the prior-year period. This was largely driven by higher staffing and network development costs related to the growth and expansion of the business, as discussed in relation to operating expenses noted above.

Cash flows used in operating activities were approximately $27.8 million, compared to approximately $7.4 million during the prior-year period, primarily driven by increased personnel costs, professional fees and admin costs in support of a public company. In addition, a ramp up of operations at the Kingston Spoke and Rochester Spoke resulted in increases in raw materials and supplies, and logistics costs. The cash outflows were partially offset by cash receipts from increased sales.

¹  Adjusted EBITDA is not a recognized measure under IFRS. See “Non-IFRS Financial Measures” section of this press release, including for a reconciliation of Adjusted EBITDA to net loss.

4

Cash and cash equivalents were approximately $596.9 million as of October 31, 2021. On August 10, 2021, Li-Cycle completed the Business Combination, resulting in net proceeds of $525.3 million. On September 29, 2021, Li-Cycle issued a convertible note to Spring Creek Capital (“Koch Strategic Platforms”), resulting in net proceeds of $98.4 million.

There were 163,179,653 common shares outstanding as of October 31, 2021.

Fiscal Year 2022 Objectives and Business Outlook

Li-Cycle’s management team is directly aligned with shareholder interests. Key fiscal year 2022 objectives include:

• Financial priorities

• Continue building balance sheet strength

• Manage operating expenses on a path to profitability

• Health, Safety, Environment and Quality (HSEQ)

• Drive Health, Safety, Environment and Quality (HSEQ) performance, prioritizing safety and sustainability in all of Li-Cycle’s activities

• Rochester Hub

• Maintain on time and on budget execution during fiscal year 2022, in support of commissioning the Rochester Hub in 2023

• Spokes

• Overall Spoke target:

• Target black mass production of 6,500 to 7,500 tonnes during fiscal year 2022

• Spoke operations:

• Drive ongoing efficient operation of the Kingston and Rochester Spokes

• Spoke expansion:

• Bring the Arizona and Alabama Spokes on-line during 2022

• Progress Ohio and Norway Spokes for start-up of operations in 2023

• Advance development of the Germany Spoke

5

Webcast and Conference Call Information:

Company management will host a webcast and conference call on January 27, 2022, at 8:30 a.m. Eastern Time to discuss the results of the quarter and full year. During the call, management plans to present a brief video prior to the formal remarks.

The related presentation materials for the webcast and conference call, including the video will be made available on the investors section of the Li-Cycle website as below:

https://investors.li-cycle.com/overview/default.aspx

Investors may listen to the conference call live via audio-only webcast or through the following dial-in numbers:

Domestic: (800) 909-5202

International: (785) 830-1914

Participant Code: LICYQ421

Webcast: https://investors.li-cycle.com

A replay of the conference call/webcast will also be made available on the Investor Relations section of the Company’s website at https://investors.li-cycle.com.

About Li-Cycle Holdings Corp.

Li-Cycle (NYSE: LICY) is on a mission to leverage its innovative Spoke & Hub Technologies^™ to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage battery manufacturing waste and end-of-life batteries and to meet the rapidly growing demand for critical and scarce battery-grade raw materials through a closed-loop solution. For more information, visit https://li-cycle.com/.

Contacts:

Nahla Azmy

Investors: investors@li-cycle.com

Sarah Miller

Media: media@li-cycle.com

6

Non-IFRS Financial Measures

Adjusted EBITDA (loss)

The table below reconciles Adjusted EBITDA (loss) to net profit (loss):

	Three months ended October 31,						Twelve months ended October 31,
	2021			2020			2021			2020			2019
	(Unaudited - dollar amounts in thousands)
Net loss		(204,969	)		(4,433	)		(226,559	)		(9,276	)		(4,101	)
Depreciation		1,069			378			2,899			1,095			184
Interest expense (income)		2,040			189			2,970			495			37
Foreign exchange (gain) loss		222			(336	)		758			(446	)		—
Fair value loss on financial instruments (1)		35,821			84			38,254			84			—
Listing Fee		152,719			—			152,719			—			—
Forfeited SPAC transaction cost		—			—			2,000			—			—
Share-based compensation (2)		1,588			—			1,588			—			—
Adjusted EBITDA Loss		(11,510	)		(4,119	)		(25,370	)		(8,047	)		(3,880	)

(1)   Fair value loss on financial instruments relates to warrants, convertible debt, and restricted share units liability

(2)   Share-based compensation relates to accelerated vesting of existing stock options upon completion of the Business Combination.

Li-Cycle reports its financial results in accordance with the International Financial Reporting Standards (“IFRS”). The Company makes references to certain non-IFRS measures, including Adjusted EBITDA. These measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing a further understanding of the Company’s results of operations from management’s perspective. Accordingly, they should not be considered in isolation nor as a substitute for the analysis of the Company’s financial information reported under IFRS. Li-Cycle defines Adjusted EBITDA as earnings before depreciation and amortization, interest expense (income), income tax expense (recovery), foreign exchange (gain) loss, fair value (gain) loss on financial instruments, and non-recurring expenses such as forfeited SPAC transaction cost, listing fee, and accelerated vesting of share-based compensation related to the Business Combination.

Forward-Looking Statements

Certain statements contained in this communication may be considered “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1993, as amended, Section 21 of the Securities Exchange Act of 1934, as amended, and applicable Canadian securities laws. Forward-looking statements may generally be identified by the use of words such as “will”, “continue”, “anticipate”, “expect”,

7

“would”, “could”, “plan”, “future” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements contain such identifying words. Forward-looking statements in this press release include but are not limited to Li-Cycle’s ability to capitalize on growth opportunities, Li-Cycle’s ability to scale the business to at least 100,000 tonnes per year of Spoke processing capacity and at least 220,000 tonnes per year of Hub processing capacity by 2025; the expectation to have up to 45,000 tonnes of Spoke production capacity in commissioning and operation in 2023 in North America; expected increased demand in scrap and battery recycling; the annual input capacity and production output of the Rochester Hub, its expected start-up date and total capital cost; the annual processing capacity of the Arizona, Alabama, Ohio, Norway and Germany Spokes and the timing of commencement of their operations; our target to meet or exceed black mass production of 6,500 to 7,500 tonnes during fiscal year 2022. These statements are based on various assumptions, whether or not identified in this communication, which Li-Cycle believe are reasonable in the circumstances. There can be no assurance that such estimates or assumptions will prove to be correct and, as a result, actual results or events may differ materially from expectations expressed in or implied by the forward-looking statements.

These forward-looking statements are provided for the purpose of assisting readers in understanding certain key elements of Li-Cycle’s current objectives, goals, targets, strategic priorities, expectations and plans, and in obtaining a better understanding of Li-Cycle’s business and anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes and is not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability.

Forward-looking statements involve inherent risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Li-Cycle, and are not guarantees of future performance. Li-Cycle believes that these risks and uncertainties include, but are not limited to, the following: Li-Cycle’s inability to economically and efficiently source, recover and recycle lithium-ion batteries and lithium-ion battery manufacturing scrap, as well as third party black mass, and to meet the market demand for an environmentally sound, closed-loop solution for manufacturing waste and end-of-life lithium-ion batteries; Li-Cycle’s inability to successfully implement its global growth strategy, on a timely basis or at all; Li-Cycle’s inability to manage future global growth effectively; Li-Cycle’s inability to develop the Rochester Hub, Arizona Spoke, Alabama Spoke and other future projects in a timely manner or on budget or that those projects will not meet expectations with respect to their productivity or the specifications of their end products; Li-Cycle’s failure to materially increase recycling capacity and efficiency; Li-Cycle may engage in strategic transactions, including acquisitions, that could disrupt its business, cause dilution to its shareholders, reduce its financial resources, result in incurrence of debt, or prove not to be successful; one or more of Li-Cycle’s current or future facilities becoming inoperative, capacity constrained or if its operations are disrupted; additional funds required to meet Li-Cycle’s capital requirements in the future not being available to Li-Cycle on commercially reasonable terms or at all when it needs them; Li-Cycle expects to incur significant expenses and may not achieve or sustain profitability; problems with the handling of lithium-ion battery cells that result in less usage of lithium-ion batteries or affect Li-Cycle’s operations; Li-Cycle’s inability

8

to maintain and increase feedstock supply commitments as well as securing new customers and off-take agreements; a decline in the adoption rate of EVs, or a decline in the support by governments for “green” energy technologies; decreases in benchmark prices for the metals contained in Li-Cycle’s products; changes in the volume or composition of feedstock materials processed at Li-Cycle’s facilities; the development of an alternative chemical make-up of lithium-ion batteries or battery alternatives; Li-Cycle’s revenues for the Rochester Hub are derived significantly from a single customer; Li-Cycle’s insurance may not cover all liabilities and damages; Li-Cycle’s heavy reliance on the experience and expertise of its management; Li-Cycle’s reliance on third-party consultants for its regulatory compliance; Li-Cycle’s inability to complete its recycling processes as quickly as customers may require; Li-Cycle’s inability to compete successfully; increases in income tax rates, changes in income tax laws or disagreements with tax authorities; significant variance in Li-Cycle’s operating and financial results from period to period due to fluctuations in its operating costs and other factors; fluctuations in foreign currency exchange rates which could result in declines in reported sales and net earnings; unfavourable economic conditions, such as consequences of the global COVID-19 pandemic; natural disasters, unusually adverse weather, epidemic or pandemic outbreaks, boycotts and geo-political events; failure to protect Li-Cycle’s intellectual property; Li-Cycle may be subject to intellectual property rights claims by third parties; Li-Cycle’s failure to effectively remediate the material weaknesses in its internal control over financial reporting that it has identified or if it fails to develop and maintain a proper and effective internal control over financial reporting. These and other risks and uncertainties related to Li-Cycle’s business are described in greater detail in the section entitled “Risk Factors” in its final prospectus dated August 10, 2021 filed with the Ontario Securities Commission in Canada and the Form 20-F filed with the SEC. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Actual results could differ materially from those contained in any forward-looking statement.

9

Li-Cycle Holdings Corp.

Consolidated statements of financial position

As at October 31, 2021 and 2020

(Unaudited - expressed in U.S. dollars)

	October 31, 2021			October 31, 2020
	$			$
Assets
Current assets
Cash & Cash equivalents		596,858,298			663,557
Accounts receivable		4,072,701			571,300
Other receivables		973,145			318,929
Prepayments and deposits		8,646,998			963,951
Inventory		1,197,807			179,994
		611,748,949			2,697,731
Non-current assets
Plant and equipment		26,389,463			5,602,580
Right-of-use assets		27,009,760			3,859,088
		53,399,223			9,461,668
		665,148,172			12,159,399
Liabilities
Current liabilities
Accounts payable and accrued liabilities		18,701,116			4,364,372
Restricted share units		—			171,849
Lease liabilities		2,868,795			591,355
Loans payable		7,752			1,468,668
		21,577,663			6,596,244
Non-current liabilities
Lease liabilities		26,496,074			3,021,815
Loans payable		31,996			779,210
Convertible debt		100,877,838			—
Warrants		82,109,334			—
Restoration provisions		334,233			321,400
		209,849,475			4,122,425
		231,427,138			10,718,669
Shareholders’ equity
Share capital		672,079,154			15,441,600
Contributed surplus		3,026,721			824,683
Accumulated deficit		(241,088,229	)		(14,528,941	)
Accumulated other comprehensive loss		(296,612	)		(296,612	)
		433,721,034			1,440,730
		665,148,172			12,159,399

10

Li-Cycle Holdings Corp.

Consolidated statements of loss and comprehensive loss

Years ended October 31, 2021, 2020, and 2019

(Unaudited - expressed in U.S. dollars)

	Three Months Ended October 31,						Year Ended October 31,
	2021			2020			2021			2020			2019
	$			$			$			$			$
Revenue
Product sales		4,247,944			369,758			6,930,475			554,914			—
Recycling services		143,185			99,463			444,401			237,340			48,160
		4,391,129			469,221			7,374,876			792,254			48,160
Expenses
Employee salaries and benefits, net		4,987,347			1,403,534			12,709,823			2,819,195			607,820
Professional fees		3,470,158			1,402,153			7,688,520			2,962,261			546,647
Share-based compensation		2,675,069			112,194			3,982,943			332,634			97,258
Raw materials and supplies		1,406,076			200,364			3,410,014			591,881			—
Office, administrative and travel		2,095,105			216,861			3,148,871			476,733			493,304
Depreciation		1,068,742			377,972			2,899,345			1,095,250			183,862
Research and development, net		733,990			796,025			2,662,572			776,668			2,111,658
Freight and shipping		445,196			79,707			1,033,149			137,010			5,785
Plant facilities		354,669			166,920			1,030,947			390,687			—
Marketing		508,427			177,320			973,695			365,820			65,840
Change in Finished Goods Inventory		812,936			32,791			(307,817	)		(14,022	)		—
		18,557,715			4,965,841			39,232,062			9,934,117			4,112,174
Loss from operations		(14,166,586	)		(4,496,620	)		(31,857,186	)		(9,141,863	)		(4,064,014	)
Other (income) expense
Listing Fee		152,719,009			—			152,719,009			—			—
Fair value loss on financial instruments		35,821,273			84,454			38,254,469			84,454			—
Interest expense		2,120,386			189,005			3,052,882			529,700			60,329
Foreign exchange (gain) loss		222,007			(336,355	)		758,223			(445,652	)		—
Interest income		(80,756	)		(225	)		(82,481	)		(34,403	)		(23,561	)
		190,801,919			(63,121	)		194,702,102			134,099			36,768
Net loss		(204,968,505	)		(4,433,499	)		(226,559,288	)		(9,275,962	)		(4,100,782	)
Other comprehensive income (loss)
Foreign currency translation		—			58,147			—			(218,726	)		(37,182	)
Comprehensive loss		(204,968,505	)		(4,375,352	)		(226,559,288	)		(9,494,688	)		(4,137,964	)
Loss per common share - basic and diluted		(1.31	)		(0.05	)		(2.06	)		(0.11	)		(0.06	)

11

Li-Cycle Holdings Corp.

Consolidated statements of cash flows

Years ended October 31, 2021, 2020, and 2019

(Unaudited - expressed in U.S. dollars)

	Three Months Ended October 31,						Year ended October 31,
	2021			2020			2021			2020			2019
	$			$			$			$			$
Operating activities
Net loss for the year		(204,968,505	)		(4,433,499	)		(226,559,288	)		(9,275,962	)		(4,100,782	)
Items not affecting cash
Share-based compensation		2,675,069			112,194			3,982,943			332,634			97,258
Listing fee		152,719,009			—			152,719,009			—
Depreciation		1,068,747			377,972			2,899,350			1,095,250			183,862
Amortization of government grants		—			(50,869	)		(92,926	)		(2,226,910	)		(640,350	)
Loss on disposal of assets		—			106,946			13,399			106,946			—
Foreign exchange (gain) loss on translation		168,284			60,337			677,479			(390,901	)		(33,845	)
Fair value loss on financial instruments		35,821,273			84,453			38,254,469			84,454			—
Share-based professional fees		—			—			—			455,055			—
Interest and accretion on convertible debt		1,103,018			—			1,103,018			9,931			60,337
		(11,413,105	)		(3,742,466	)		(27,002,547	)		(9,809,503	)		(4,433,520	)
Changes in non-cash working capital items
Accounts receivable		(1,191,837	)		(314,659	)		(3,501,401	)		(538,854	)		(29,630	)
Other receivables		(598,028	)		(80,667	)		(654,216	)		471,304			(466,915	)
Prepayments and deposits		(871,203	)		(690,630	)		(7,990,108	)		(633,824	)		(215,537	)
Inventory		305,114			57,872			(1,017,813	)		(133,438	)		(46,556	)
Accounts payable and accrued liabilities		2,492,725			3,000,730			12,322,936			3,215,386			624,090
		(11,276,334	)		(1,769,820	)		(27,843,149	)		(7,428,929	)		(4,568,068	)
Investing activity
Purchases of plant and equipment		(6,214,364	)		(1,364,261	)		(18,281,212	)		(5,107,663	)		(998,069	)
Proceeds from disposal of plant and equipment		—			—			16,866			—			—
		(6,214,364	)		(1,364,261	)		(18,264,346	)		(5,107,663	)		(998,069	)
Financing activities
Proceeds from private share issuance, net of share issue costs		—			—			21,620,000			6,481,381			5,379,860
Proceeds from public share issuance, net of share issue costs		525,329,273			—			525,329,273			—			—
Proceeds from exercise of stock options		—			—			169,105			—			—
Proceeds from exercise of warrants		1,150						1,150
Proceeds from convertible debt		98,426,925			—			98,426,925			—			—
Proceeds from loans payable		—			3,775			10,091,220			2,153,110			86,572
Proceeds from government grants		—			50,869			92,926			1,182,599			1,697,794
Repayment of lease liabilities		(353,071	)		(137,137	)		(884,024	)		(387,508	)		—
Repayment of loans payable		(11,406,003	)		(2,830	)		(12,544,339	)		(12,881	)		—
		611,998,274			(85,323	)		642,302,236			9,416,701			7,164,226
Net change in cash		594,507,576			(3,219,404	)		596,194,741			(3,119,891	)		1,598,089
Cash, beginning of year		2,350,722			3,882,961			663,557			3,783,449			2,185,360
Cash, end of period		596,858,298			663,557			596,858,298			663,557			3,783,449
														—
Non-cash investing activities
Accrual for purchase of plant and equipment		429,409			—			2,013,808			—			—
Non cash purchase of plant and equipment		2,084,235			—			2,084,235			—			—
Non-cash financing activities
Equity issued for non-cash costs		—			—			—			947,464			118,759

12