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Non-Controlling Interest
 6 Months Ended
Apr. 30, 2022
Non Controlling Interest [Abstract]  
Non-Controlling Interest
15.
Non-Controlling
Interest
On January 26, 2022, the Company entered into a joint venture agreement with ECO STOR AS (“ECO STOR”) and Morrow Batteries AS (“Morrow”) to form
Li-Cycle
Norway AS which will construct a new commercial
lithium-ion
battery recycling facility in southern Norway.
Li-Cycle
is the majority owner of
Li-Cycle
Norway AS with 67% ownership, with ECO STOR and Morrow being minority owners and Nordic-headquartered strategic partners with 31% and 2% ownership, respectively. These holdings allow the shareholders to nominate 2 Directors, 1 Director, and 1 observer respectively with their ownership holdings.
 
Summarized financial information for
Li-Cycle
Norway AS is as follows:
 
    
April 30, 2022
  
    
$
  
Current assets
      1,000,000  
Current liabilities
      71,739  
Net assets
      928,261  
    
 
 
  
Net assets attributable to
non-controlling
interest
      306,326  
    
 
 
  
   
    
Three and six months
ended April 30, 2022
  
    
$
  
Revenue
      —    
Expenses
      71,739  
Net loss
      (71,739 ) 
    
 
 
  
Net loss attributable to
non-controlling
interest
      (23,674 )