Financial instruments and financial risk factors (Tables)

6 Months Ended

12 Months Ended

Apr. 30, 2022

Oct. 31, 2021

Disclosure of fair value measurement of liabilities [line items]

Disclosure Of Detailed Information Of Financial Assets Measured At Fair Value On Recurring Basis

The Company’s financial assets measured at fair value on a recurring basis are measured under level 1 of the hierarchy and were calculated as follows:

	Balance		Level 2
	$		$
As at April 30, 2022
Accounts receivable		11,501,265		11,501,265
		11,501,265		11,501,265
As at October 31, 2021
Accounts receivable		4,072,701		4,072,701
		4,072,701		4,072,701

Disclosure Of Detailed Information Of Financial Liabilities Measured At Fair Value On Recurring Basis

The Company’s financial liabilities measured at fair value on a recurring basis are measured under level 1 and 2 of the hierarchy and were calculated as follows:

	Balance		Level 1		Level 2
	$		$		$
As at April 30, 2022
Conversion feature of convertible debt (see Note 11)		11,469,108		—		11,469,108
		11,469,108		—		11,469,108
As at October 31, 2021
Conversion feature of convertible debt (see Note 11)		29,028,938		—		29,028,938
Warrants (see Note 12)		82,109,334		53,549,989		28,559,344
		111,138,272		53,549,989		57,588,282

Schedule of fair value measurement of price

The following table sets out the Company’s exposure, as of April 30, 2022, in relation to the impact of movements in the Cobalt and Nickel price for the provisionally invoiced sales volume:

	Cobalt						Nickel
	April 30, 2022			October 31, 2021			April 30, 2022			October 31, 2021
	$			$			$			$
Metric tonnes subject to fair value pricing adjustments		2,595			1,728			2,595			1,728
10% increase in prices		681,592			303,351			1,024,667			448,266
10 % decrease in prices		(681,592	)		(303,351	)		(1,024,667	)		(448,266	)

Li Cycle Holdings Corp [member]

Disclosure of fair value measurement of liabilities [line items]

Disclosure Of Detailed Information Of Maturities Of Financial Liabilities

All of the Company’s financial liabilities have contractual cash flows as follows:

	Carrying amount		Contractual cash flows		Year 1		Year 2		Year 3		Year 4		Year 5		Thereafter
	$		$		$		$		$		$		$		$
As at October 31, 2021
Accounts payable and accrued liabilities		18,701,116		18,701,116		18,701,116		—		—		—		—		—
Lease liabilities		29,364,869		35,934,570		4,517,775		4,634,401		3,785,984		3,374,696		3,311,808		16,309,906
Loan payable		39,748		41,338		6,384		6,618		6,860		7,111		7,371		6,994
Convertible Debt		100,877,838		142,682,078		—		—		—		—		142,682,078		—
Warrants		82,109,334		—		—		—		—		—		—		—
Restoration provisions		334,233		302,049		—		84,582		—		—		54,842		162,625
		231,427,138		197,661,151		23,225,275		4,725,601		3,792,844		3,381,807		146,056,099		16,479,525

	Carrying amount		Contractual cash flows		Year 1		Year 2		Year 3		Year 4		Year 5		Thereafter
	$		$		$		$		$		$		$		$
As at October 31, 2020
Accounts payable and accrued liabilities		4,364,370		4,364,372		4,364,372		—		—		—		—		—
Restricted share units		171,849		171,849		171,849		—		—		—		—		—
Lease liabilities		3,613,170		4,529,662		805,946		680,943		568,434		584,269		479,833		1,410,237
Loan payable		2,247,878		2,628,652		1,782,888		845,763		—		—		—		—
Restoration provisions		321,400		333,866		—		81,166		—		—		52,627		200,074
		10,718,667		12,028,401		7,125,055		1,607,872		568,434		584,269		532,460		1,610,311

Recurring fair value measurement [member] | Li Cycle Holdings Corp [member]

Disclosure of fair value measurement of liabilities [line items]

Disclosure Of Detailed Information Of Financial Assets Measured At Fair Value On Recurring Basis

The Company’s financial assets measured at fair value on a recurring basis were calculated as follows:

	Balance		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	$		$		$		$
As at October 31, 2021
Accounts receivable		4,072,701		—		4,072,701		—
		4,072,701		—		4,072,701		—
As at October 31, 2020
Accounts receivable		571,300		—		571,300		—
		571,300		—		571,300		—

Disclosure Of Detailed Information Of Financial Liabilities Measured At Fair Value On Recurring Basis

The Company’s financial liabilities measured at fair value on a recurring basis were calculated as follows:

	Balance		Quoted prices in active markets for identical assets (Level 1)		Significant other observable inputs (Level 2)		Significant unobservable inputs (Level 3)
	$		$		$		$
As at October 31, 2021
Restricted share units		—		—		—		—
Conversion feature of convertible debt		29,028,938		—		29,028,938		—
Warrants		82,109,334		53,549,989		28,559,344		—
		111,138,272		53,549,989		57,588,282		—
As at October 31, 2020
Restricted share units		171,849		—		171,849		—
		171,849		—		171,849		—