0001828811 2021-11-01 2022-10-31 0001828811 dei:BusinessContactMember 2021-11-01 2022-10-31 0001828811 licy:CommonSharesMember 2021-11-01 2022-10-31 0001828811 2022-10-31 0001828811 2020-11-01 2021-10-31 0001828811 2019-11-01 2020-10-31 0001828811 2021-10-31 0001828811 ifrs-full:IssuedCapitalMember 2019-10-31 0001828811 ifrs-full:AdditionalPaidinCapitalMember 2019-10-31 0001828811 ifrs-full:RetainedEarningsMember 2019-10-31 0001828811 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2019-10-31 0001828811 ifrs-full:EquityAttributableToOwnersOfParentMember 2019-10-31 0001828811 ifrs-full:NoncontrollingInterestsMember 2019-10-31 0001828811 2019-10-31 0001828811 ifrs-full:AdditionalPaidinCapitalMember licy:EmployeeStockOptionMember 2019-11-01 2020-10-31 0001828811 ifrs-full:EquityAttributableToOwnersOfParentMember 2019-11-01 2020-10-31 0001828811 ifrs-full:IssuedCapitalMember 2019-11-01 2020-10-31 0001828811 ifrs-full:AdditionalPaidinCapitalMember 2019-11-01 2020-10-31 0001828811 ifrs-full:RetainedEarningsMember 2019-11-01 2020-10-31 0001828811 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2019-11-01 2020-10-31 0001828811 ifrs-full:IssuedCapitalMember 2020-10-31 0001828811 ifrs-full:AdditionalPaidinCapitalMember 2020-10-31 0001828811 ifrs-full:RetainedEarningsMember 2020-10-31 0001828811 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2020-10-31 0001828811 ifrs-full:EquityAttributableToOwnersOfParentMember 2020-10-31 0001828811 ifrs-full:NoncontrollingInterestsMember 2020-10-31 0001828811 2020-10-31 0001828811 licy:SeriesCSharesMember ifrs-full:IssuedCapitalMember 2020-11-01 2021-10-31 0001828811 ifrs-full:EquityAttributableToOwnersOfParentMember 2020-11-01 2021-10-31 0001828811 licy:SeriesCSharesMember 2020-11-01 2021-10-31 0001828811 ifrs-full:IssuedCapitalMember 2020-11-01 2021-10-31 0001828811 ifrs-full:AdditionalPaidinCapitalMember 2020-11-01 2021-10-31 0001828811 licy:PublicSharesMember ifrs-full:IssuedCapitalMember 2020-11-01 2021-10-31 0001828811 ifrs-full:EquityAttributableToOwnersOfParentMember 2020-11-01 2021-10-31 0001828811 licy:PublicSharesMember 2020-11-01 2021-10-31 0001828811 ifrs-full:IssuedCapitalMember licy:RestrictedShareUnitsMember 2020-11-01 2021-10-31 0001828811 ifrs-full:EquityAttributableToOwnersOfParentMember licy:RestrictedShareUnitsMember 2020-11-01 2021-10-31 0001828811 licy:RestrictedShareUnitsMember 2020-11-01 2021-10-31 0001828811 ifrs-full:AdditionalPaidinCapitalMember licy:EmployeeStockOptionMember 2020-11-01 2021-10-31 0001828811 ifrs-full:EquityAttributableToOwnersOfParentMember licy:EmployeeStockOptionMember 2020-11-01 2021-10-31 0001828811 licy:EmployeeStockOptionMember 2020-11-01 2021-10-31 0001828811 ifrs-full:AdditionalPaidinCapitalMember licy:RestrictedShareUnitsMember 2020-11-01 2021-10-31 0001828811 ifrs-full:RetainedEarningsMember 2020-11-01 2021-10-31 0001828811 ifrs-full:IssuedCapitalMember 2021-10-31 0001828811 ifrs-full:AdditionalPaidinCapitalMember 2021-10-31 0001828811 ifrs-full:RetainedEarningsMember 2021-10-31 0001828811 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2021-10-31 0001828811 ifrs-full:EquityAttributableToOwnersOfParentMember 2021-10-31 0001828811 ifrs-full:NoncontrollingInterestsMember 2021-10-31 0001828811 ifrs-full:AdditionalPaidinCapitalMember 2021-11-01 2022-10-31 0001828811 ifrs-full:EquityAttributableToOwnersOfParentMember 2021-11-01 2022-10-31 0001828811 ifrs-full:IssuedCapitalMember 2021-11-01 2022-10-31 0001828811 ifrs-full:IssuedCapitalMember licy:RestrictedShareUnitsMember 2021-11-01 2022-10-31 0001828811 ifrs-full:AdditionalPaidinCapitalMember licy:RestrictedShareUnitsMember 2021-11-01 2022-10-31 0001828811 ifrs-full:EquityAttributableToOwnersOfParentMember licy:RestrictedShareUnitsMember 2021-11-01 2022-10-31 0001828811 licy:RestrictedShareUnitsMember 2021-11-01 2022-10-31 0001828811 ifrs-full:NoncontrollingInterestsMember 2021-11-01 2022-10-31 0001828811 ifrs-full:RetainedEarningsMember 2021-11-01 2022-10-31 0001828811 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2021-11-01 2022-10-31 0001828811 ifrs-full:IssuedCapitalMember 2022-10-31 0001828811 ifrs-full:AdditionalPaidinCapitalMember 2022-10-31 0001828811 ifrs-full:RetainedEarningsMember 2022-10-31 0001828811 ifrs-full:AccumulatedOtherComprehensiveIncomeMember 2022-10-31 0001828811 ifrs-full:EquityAttributableToOwnersOfParentMember 2022-10-31 0001828811 ifrs-full:NoncontrollingInterestsMember 2022-10-31 0001828811 licy:PrivateSharesMember 2021-11-01 2022-10-31 0001828811 licy:PrivateSharesMember 2020-11-01 2021-10-31 0001828811 licy:PrivateSharesMember 2019-11-01 2020-10-31 0001828811 licy:PublicSharesMember 2021-11-01 2022-10-31 0001828811 licy:PublicSharesMember 2019-11-01 2020-10-31 0001828811 licy:PeridotAcquisitionCorpMember 2021-08-10 2021-08-10 0001828811 licy:PeridotAcquisitionCorpMember licy:CommonClassAMember 2021-08-10 0001828811 licy:PeridotAcquisitionCorpMember licy:CommonClassBMember 2021-08-10 2021-08-10 0001828811 licy:LiCycleHoldingsCorpMember licy:CommonClassAMember 2021-08-10 2021-08-10 0001828811 licy:LiCycleCorpMember 2021-08-10 0001828811 2021-08-10 0001828811 ifrs-full:IssuedCapitalMember 2021-08-10 2021-08-10 0001828811 licy:LiCycleHoldingsCorpMember 2021-08-10 0001828811 licy:LiCycleHoldingsCorpMember 2021-08-10 2021-08-10 0001828811 licy:PeridotAcquisitionCorpMember 2021-08-10 0001828811 licy:PeridotAcquisitionCorpMember 2021-08-10 2021-08-10 0001828811 licy:LiCycleCorpMember licy:PeridotAcquisitionCorpMember 2021-08-10 2021-08-10 0001828811 licy:PeridotAcquisitionCorpMember licy:PeridotAcquisitionCorpMember 2021-08-10 2021-08-10 0001828811 licy:LiCycleCorpMember 2021-11-01 2022-10-31 0001828811 licy:LiCycleAmericasCorpMember 2021-11-01 2022-10-31 0001828811 licy:LiCycleUSHoldingsIncMember 2021-11-01 2022-10-31 0001828811 licy:LiCycleIncMember 2021-11-01 2022-10-31 0001828811 licy:LiCycleNorthAmericaHubIncMember 2021-11-01 2022-10-31 0001828811 licy:LiCycleEuropeAGMember 2021-11-01 2022-10-31 0001828811 licy:LiCycleAPACPTELTDMember 2021-11-01 2022-10-31 0001828811 licy:LiCycleGermanyGmbHMember 2021-11-01 2022-10-31 0001828811 licy:LiCycleNorwayASMember 2021-11-01 2022-10-31 0001828811 ifrs-full:ComputerEquipmentMember 2021-11-01 2022-10-31 0001828811 ifrs-full:VehiclesMember 2021-11-01 2022-10-31 0001828811 ifrs-full:MachineryMember 2021-11-01 2022-10-31 0001828811 licy:FurnitureMember 2021-11-01 2022-10-31 0001828811 licy:StorageContainersMember 2021-11-01 2022-10-31 0001828811 licy:ProcessingEquipmentMember 2021-11-01 2022-10-31 0001828811 ifrs-full:CurrentMember 2022-10-31 0001828811 ifrs-full:CurrentMember 2021-10-31 0001828811 ifrs-full:NotLaterThanOneMonthMember 2022-10-31 0001828811 ifrs-full:NotLaterThanOneMonthMember 2021-10-31 0001828811 ifrs-full:LaterThanOneMonthAndNotLaterThanTwoMonthsMember 2022-10-31 0001828811 ifrs-full:LaterThanOneMonthAndNotLaterThanTwoMonthsMember 2021-10-31 0001828811 ifrs-full:LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember 2022-10-31 0001828811 ifrs-full:LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember 2021-10-31 0001828811 ifrs-full:LaterThanThreeMonthsMember 2022-10-31 0001828811 ifrs-full:LaterThanThreeMonthsMember 2021-10-31 0001828811 licy:CustomerAMember 2021-11-01 2022-10-31 0001828811 licy:CustomerAMember 2020-11-01 2021-10-31 0001828811 licy:CustomerAMember 2019-11-01 2020-10-31 0001828811 licy:CustomerBMember 2021-11-01 2022-10-31 0001828811 licy:CustomerBMember 2020-11-01 2021-10-31 0001828811 licy:CustomerBMember 2019-11-01 2020-10-31 0001828811 licy:CustomerAMember 2022-10-31 0001828811 licy:CustomerAMember 2021-10-31 0001828811 licy:CustomerAMember 2020-10-31 0001828811 licy:CustomerBMember 2022-10-31 0001828811 licy:CustomerBMember 2021-10-31 0001828811 licy:CustomerBMember 2020-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:ConstructionInProgressMember 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:VehiclesMember 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:LeaseholdImprovementsMember 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:ConstructionInProgressMember 2021-11-01 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember 2021-11-01 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember 2021-11-01 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:VehiclesMember 2021-11-01 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:LeaseholdImprovementsMember 2021-11-01 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember 2021-11-01 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:ConstructionInProgressMember 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:VehiclesMember 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:LeaseholdImprovementsMember 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ConstructionInProgressMember 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ComputerEquipmentMember 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:LeaseholdImprovementsMember 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ConstructionInProgressMember 2021-11-01 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember 2021-11-01 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ComputerEquipmentMember 2021-11-01 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2021-11-01 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:LeaseholdImprovementsMember 2021-11-01 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2021-11-01 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ConstructionInProgressMember 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ComputerEquipmentMember 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:LeaseholdImprovementsMember 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2022-10-31 0001828811 ifrs-full:ConstructionInProgressMember 2022-10-31 0001828811 ifrs-full:MachineryMember 2022-10-31 0001828811 ifrs-full:ComputerEquipmentMember 2022-10-31 0001828811 ifrs-full:VehiclesMember 2022-10-31 0001828811 ifrs-full:LeaseholdImprovementsMember 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:ConstructionInProgressMember 2020-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember 2020-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember 2020-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:VehiclesMember 2020-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:LeaseholdImprovementsMember 2020-10-31 0001828811 ifrs-full:GrossCarryingAmountMember 2020-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:ConstructionInProgressMember 2020-11-01 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:MachineryMember 2020-11-01 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:ComputerEquipmentMember 2020-11-01 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:VehiclesMember 2020-11-01 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:LeaseholdImprovementsMember 2020-11-01 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember 2020-11-01 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ConstructionInProgressMember 2020-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember 2020-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ComputerEquipmentMember 2020-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2020-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:LeaseholdImprovementsMember 2020-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2020-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ConstructionInProgressMember 2020-11-01 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:MachineryMember 2020-11-01 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:ComputerEquipmentMember 2020-11-01 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:VehiclesMember 2020-11-01 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:LeaseholdImprovementsMember 2020-11-01 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember 2020-11-01 2021-10-31 0001828811 ifrs-full:ConstructionInProgressMember 2021-10-31 0001828811 ifrs-full:MachineryMember 2021-10-31 0001828811 ifrs-full:ComputerEquipmentMember 2021-10-31 0001828811 ifrs-full:VehiclesMember 2021-10-31 0001828811 ifrs-full:LeaseholdImprovementsMember 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember licy:EquipmentMember 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember 2021-11-01 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember licy:EquipmentMember 2021-11-01 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember licy:EquipmentMember 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember licy:EquipmentMember 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember 2021-11-01 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember licy:EquipmentMember 2021-11-01 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember 2022-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember licy:EquipmentMember 2022-10-31 0001828811 ifrs-full:BuildingsMember 2022-10-31 0001828811 licy:EquipmentMember 2022-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember 2020-10-31 0001828811 ifrs-full:GrossCarryingAmountMember licy:EquipmentMember 2020-10-31 0001828811 ifrs-full:GrossCarryingAmountMember ifrs-full:BuildingsMember 2020-11-01 2021-10-31 0001828811 ifrs-full:GrossCarryingAmountMember licy:EquipmentMember 2020-11-01 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember 2020-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember licy:EquipmentMember 2020-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember ifrs-full:BuildingsMember 2020-11-01 2021-10-31 0001828811 ifrs-full:AccumulatedDepreciationAndAmortisationMember licy:EquipmentMember 2020-11-01 2021-10-31 0001828811 ifrs-full:BuildingsMember 2021-10-31 0001828811 licy:EquipmentMember 2021-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember 2022-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember 2021-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember 2020-10-31 0001828811 licy:RestrictedShareUnitsMember 2022-10-31 0001828811 licy:RestrictedShareUnitsMember 2021-10-31 0001828811 licy:RestrictedShareUnitsMember 2020-10-31 0001828811 licy:AshlinBPGMarketingMember 2021-11-01 2022-10-31 0001828811 licy:AshlinBPGMarketingMember 2020-11-01 2021-10-31 0001828811 licy:AshlinBPGMarketingMember 2019-11-01 2020-10-31 0001828811 licy:FadeInProductionPtyLTDMember 2021-11-01 2022-10-31 0001828811 licy:FadeInProductionPtyLTDMember 2020-11-01 2021-10-31 0001828811 licy:FadeInProductionPtyLTDMember 2019-11-01 2020-10-31 0001828811 licy:ConsuleroIncMember 2021-11-01 2022-10-31 0001828811 licy:ConsuleroIncMember 2020-11-01 2021-10-31 0001828811 licy:ConsuleroIncMember 2019-11-01 2020-10-31 0001828811 licy:AtriaLtdMember 2021-11-01 2022-10-31 0001828811 licy:AtriaLtdMember 2020-11-01 2021-10-31 0001828811 licy:AtriaLtdMember 2019-11-01 2020-10-31 0001828811 licy:AnthonyTseMember srt:DirectorMember 2021-11-01 2022-10-31 0001828811 licy:AnthonyTseMember srt:DirectorMember 2020-11-01 2021-10-31 0001828811 licy:AnthonyTseMember srt:DirectorMember 2019-11-01 2020-10-31 0001828811 licy:ImmediateFamilyMemberOfChiefExecutiveOfficerMember 2019-01-01 0001828811 licy:AtriaLimitedMember licy:BeneficialOwnerMember 2021-05-01 2021-05-01 0001828811 licy:BeneficialOwnerMember 2021-05-01 0001828811 licy:BeneficialOwnerMember 2021-05-01 2021-05-01 0001828811 licy:AtriaLimitedMember 2021-01-25 0001828811 licy:PellaVenturesMember 2021-01-25 0001828811 licy:DirectorOfLiCycleMember 2021-01-25 0001828811 licy:AnthonyTseMember srt:DirectorMember 2019-07-19 2019-07-19 0001828811 ifrs-full:BuildingsMember 2021-11-01 2022-10-31 0001828811 licy:EquipmentMember 2021-11-01 2022-10-31 0001828811 ifrs-full:BuildingsMember 2020-10-31 0001828811 licy:EquipmentMember 2020-10-31 0001828811 ifrs-full:BuildingsMember 2020-11-01 2021-10-31 0001828811 licy:EquipmentMember 2020-11-01 2021-10-31 0001828811 ifrs-full:BuildingsMember ifrs-full:NotLaterThanOneYearMember 2022-10-31 0001828811 ifrs-full:BuildingsMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2022-10-31 0001828811 ifrs-full:BuildingsMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2022-10-31 0001828811 ifrs-full:BuildingsMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2022-10-31 0001828811 ifrs-full:BuildingsMember ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2022-10-31 0001828811 ifrs-full:BuildingsMember ifrs-full:LaterThanFiveYearsMember 2022-10-31 0001828811 licy:EquipmentMember ifrs-full:NotLaterThanOneYearMember 2022-10-31 0001828811 licy:EquipmentMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2022-10-31 0001828811 licy:EquipmentMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2022-10-31 0001828811 licy:EquipmentMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2022-10-31 0001828811 licy:EquipmentMember ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2022-10-31 0001828811 licy:EquipmentMember ifrs-full:LaterThanFiveYearsMember 2022-10-31 0001828811 ifrs-full:NotLaterThanOneYearMember 2022-10-31 0001828811 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2022-10-31 0001828811 ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2022-10-31 0001828811 ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2022-10-31 0001828811 ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2022-10-31 0001828811 ifrs-full:LaterThanFiveYearsMember 2022-10-31 0001828811 ifrs-full:BuildingsMember ifrs-full:NotLaterThanOneYearMember 2021-10-31 0001828811 ifrs-full:BuildingsMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-10-31 0001828811 ifrs-full:BuildingsMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-10-31 0001828811 ifrs-full:BuildingsMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2021-10-31 0001828811 ifrs-full:BuildingsMember ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2021-10-31 0001828811 ifrs-full:BuildingsMember ifrs-full:LaterThanFiveYearsMember 2021-10-31 0001828811 licy:EquipmentMember ifrs-full:NotLaterThanOneYearMember 2021-10-31 0001828811 licy:EquipmentMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-10-31 0001828811 licy:EquipmentMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-10-31 0001828811 licy:EquipmentMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2021-10-31 0001828811 licy:EquipmentMember ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2021-10-31 0001828811 licy:EquipmentMember ifrs-full:LaterThanFiveYearsMember 2021-10-31 0001828811 ifrs-full:NotLaterThanOneYearMember 2021-10-31 0001828811 ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-10-31 0001828811 ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-10-31 0001828811 ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2021-10-31 0001828811 ifrs-full:LaterThanFourYearsAndNotLaterThanFiveYearsMember 2021-10-31 0001828811 ifrs-full:LaterThanFiveYearsMember 2021-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember 2022-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember 2021-10-31 0001828811 licy:GlencoreConvertibleNoteMember 2022-10-31 0001828811 licy:GlencoreConvertibleNoteMember 2021-10-31 0001828811 licy:ConvertibleDebtMember 2022-10-31 0001828811 licy:ConvertibleDebtMember 2021-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember 2020-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember 2021-11-01 2022-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember 2020-11-01 2021-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember 2021-09-29 0001828811 licy:LondonInterbankOfferedRateMember licy:KochStrategicPlatformsConvertibleNoteMember 2021-09-29 0001828811 srt:MinimumMember licy:LondonInterbankOfferedRateMember licy:KochStrategicPlatformsConvertibleNoteMember 2021-09-29 0001828811 srt:MaximumMember licy:LondonInterbankOfferedRateMember licy:KochStrategicPlatformsConvertibleNoteMember 2021-09-29 0001828811 licy:PaymentInKindNoteMember 2021-12-31 0001828811 licy:PaymentInKindNoteMember 2022-06-30 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember 2022-12-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember 2021-09-29 2021-09-29 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember ifrs-full:DerivativesMember 2021-09-29 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember 2021-11-01 2022-01-31 0001828811 licy:ConvertibleDebtMember 2021-11-01 2022-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember ifrs-full:InterestRateMeasurementInputMember 2021-09-29 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember ifrs-full:InterestRateMeasurementInputMember 2021-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember ifrs-full:InterestRateMeasurementInputMember 2022-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember licy:ExpectedLifeMeasurementInputMember 2021-09-29 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember licy:ExpectedLifeMeasurementInputMember 2021-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember licy:ExpectedLifeMeasurementInputMember 2022-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember licy:DividendYieldMeasurementInputMember 2021-09-29 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember licy:DividendYieldMeasurementInputMember 2021-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember licy:DividendYieldMeasurementInputMember 2022-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember ifrs-full:HistoricalVolatilityForSharesMeasurementInputMember 2021-09-29 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember ifrs-full:HistoricalVolatilityForSharesMeasurementInputMember 2021-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember ifrs-full:HistoricalVolatilityForSharesMeasurementInputMember 2022-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember licy:SharePriceMeasurementInputMember 2021-09-29 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember licy:SharePriceMeasurementInputMember 2021-10-31 0001828811 licy:KochStrategicPlatformsConvertibleNoteMember licy:SharePriceMeasurementInputMember 2022-10-31 0001828811 licy:GlencoreConvertibleNoteMember 2020-10-31 0001828811 licy:GlencoreConvertibleNoteMember 2021-11-01 2022-01-31 0001828811 licy:GlencoreConvertibleNoteMember 2020-11-01 2021-01-31 0001828811 licy:GlencoreConvertibleNoteMember 2021-11-01 2022-10-31 0001828811 licy:GlencoreConvertibleNoteMember 2020-11-01 2021-10-31 0001828811 licy:GlencoreConvertibleNoteMember 2022-05-31 0001828811 licy:LondonInterbankOfferedRateMember licy:GlencoreConvertibleNoteMember ifrs-full:FloatingInterestRateMember 2022-05-31 0001828811 licy:LondonInterbankOfferedRateMember licy:GlencoreConvertibleNoteMember 2022-05-31 0001828811 srt:MinimumMember licy:LondonInterbankOfferedRateMember licy:GlencoreConvertibleNoteMember 2022-05-31 0001828811 srt:MaximumMember licy:LondonInterbankOfferedRateMember licy:GlencoreConvertibleNoteMember 2022-05-31 0001828811 licy:GlencoreConvertibleNoteMember 2022-11-30 0001828811 licy:GlencoreConvertibleNoteMember ifrs-full:DerivativesMember 2022-05-31 0001828811 licy:GlencoreConvertibleNoteMember licy:DebtPrincipalMember 2022-05-31 0001828811 licy:GlencoreConvertibleNoteMember 2022-05-31 2022-05-31 0001828811 licy:GlencoreConvertibleNoteMember ifrs-full:InterestRateMeasurementInputMember 2022-05-31 0001828811 licy:GlencoreConvertibleNoteMember ifrs-full:InterestRateMeasurementInputMember 2022-10-31 0001828811 licy:GlencoreConvertibleNoteMember licy:ExpectedLifeMeasurementInputMember 2022-05-31 0001828811 licy:GlencoreConvertibleNoteMember licy:ExpectedLifeMeasurementInputMember 2022-10-31 0001828811 licy:GlencoreConvertibleNoteMember licy:DividendYieldMeasurementInputMember 2022-05-31 0001828811 licy:GlencoreConvertibleNoteMember licy:DividendYieldMeasurementInputMember 2022-10-31 0001828811 licy:GlencoreConvertibleNoteMember ifrs-full:HistoricalVolatilityForSharesMeasurementInputMember 2022-05-31 0001828811 licy:GlencoreConvertibleNoteMember ifrs-full:HistoricalVolatilityForSharesMeasurementInputMember 2022-10-31 0001828811 licy:GlencoreConvertibleNoteMember licy:SharePriceMeasurementInputMember 2022-05-31 0001828811 licy:GlencoreConvertibleNoteMember licy:SharePriceMeasurementInputMember 2022-10-31 0001828811 licy:PublicWarrantMember licy:PeridotAcquisitionCorpMember 2021-08-10 2021-08-10 0001828811 licy:PrivateWarrantMember licy:PeridotAcquisitionCorpMember 2021-08-10 2021-08-10 0001828811 licy:PublicWarrantMember 2021-08-10 0001828811 srt:MinimumMember licy:PublicWarrantMember 2021-08-10 0001828811 srt:MaximumMember licy:PublicWarrantMember 2021-08-10 0001828811 licy:PublicWarrantMember 2022-10-31 0001828811 licy:PrivateWarrantMember 2021-08-10 0001828811 srt:MinimumMember licy:PrivateWarrantMember 2021-08-10 0001828811 srt:MaximumMember licy:PrivateWarrantMember 2021-08-10 0001828811 2021-12-27 0001828811 2022-01-30 2022-01-30 0001828811 2022-01-30 0001828811 2022-08-01 2022-10-31 0001828811 licy:PeridotAcquisitionCorpMember 2021-10-31 2021-10-31 0001828811 licy:PeridotAcquisitionCorpMember 2021-10-31 0001828811 licy:PeridotAcquisitionCorpMember 2020-10-31 2020-10-31 0001828811 licy:PeridotAcquisitionCorpMember 2020-10-31 0001828811 licy:PeridotAcquisitionCorpMember 2022-10-31 2022-10-31 0001828811 licy:PeridotAcquisitionCorpMember 2022-10-31 0001828811 licy:OutstandingCapitalMember 2021-10-31 0001828811 licy:OutstandingCapitalMember 2020-10-31 0001828811 licy:SeriesCSharesMember licy:OutstandingCapitalMember 2020-11-01 2021-01-31 0001828811 licy:OutstandingCapitalMember 2020-11-01 2021-01-31 0001828811 licy:PublicSharesMember licy:OutstandingCapitalMember 2020-11-01 2021-01-31 0001828811 licy:OutstandingCapitalMember licy:RestrictedShareUnitsMember 2021-11-01 2022-10-31 0001828811 licy:OutstandingCapitalMember licy:RestrictedShareUnitsMember 2020-11-01 2021-01-31 0001828811 licy:OutstandingCapitalMember 2021-11-01 2022-10-31 0001828811 licy:OutstandingCapitalMember 2022-10-31 0001828811 licy:CommonSharesMember 2022-05-12 0001828811 licy:CommonSharesMember 2022-05-12 2022-05-12 0001828811 licy:CommonSharesMember licy:LGEnergySolutionLtdMember 2022-05-12 0001828811 licy:CommonSharesMember licy:LGChemLtdMember 2022-05-12 0001828811 licy:TrancheOneMember licy:CommonSharesMember 2022-05-12 0001828811 licy:TrancheOneMember licy:CommonSharesMember 2022-05-12 2022-05-12 0001828811 licy:TrancheTwoMember licy:CommonSharesMember 2022-05-12 0001828811 licy:TrancheTwoMember licy:CommonSharesMember 2022-05-12 2022-05-12 0001828811 2022-05-12 2022-05-12 0001828811 licy:LongTermIncentivePlanMember 2021-11-01 2022-10-31 0001828811 licy:EmployeeStockOptionMember 2021-11-01 2022-10-31 0001828811 licy:EmployeeStockOptionMember licy:LiCycleHoldingsCorpMember 2022-10-31 0001828811 licy:EmployeeStockOptionMember licy:LiCycleHoldingsCorpMember 2021-10-31 0001828811 srt:MinimumMember licy:TrancheOneMember 2022-10-31 0001828811 srt:MaximumMember licy:TrancheOneMember 2022-10-31 0001828811 licy:TrancheOneMember 2022-10-31 0001828811 srt:MinimumMember licy:TrancheTwoMember 2022-10-31 0001828811 srt:MaximumMember licy:TrancheTwoMember 2022-10-31 0001828811 licy:TrancheTwoMember 2022-10-31 0001828811 srt:MinimumMember licy:TrancheThreeMember 2022-10-31 0001828811 srt:MaximumMember licy:TrancheThreeMember 2022-10-31 0001828811 licy:TrancheThreeMember 2022-10-31 0001828811 licy:EmployeeStockOptionMember 2019-11-01 2020-10-31 0001828811 srt:MinimumMember 2021-11-01 2022-10-31 0001828811 srt:MaximumMember 2021-11-01 2022-10-31 0001828811 srt:MaximumMember licy:RestrictedShareUnitsMember 2021-11-01 2022-10-31 0001828811 licy:RestrictedShareUnitsMember 2019-11-01 2020-10-31 0001828811 licy:RestrictedShareUnitsMember 2021-10-31 0001828811 licy:RestrictedShareUnitsMember 2020-10-31 0001828811 licy:RestrictedShareUnitsMember 2022-10-31 0001828811 2022-01-26 2022-01-26 0001828811 licy:ECOSTORMember 2022-01-26 2022-01-26 0001828811 licy:MorrowMember 2022-01-26 2022-01-26 0001828811 ifrs-full:TradeReceivablesMember ifrs-full:RecurringFairValueMeasurementMember 2022-10-31 0001828811 ifrs-full:TradeReceivablesMember ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember 2022-10-31 0001828811 ifrs-full:RecurringFairValueMeasurementMember 2022-10-31 0001828811 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember 2022-10-31 0001828811 ifrs-full:TradeReceivablesMember ifrs-full:RecurringFairValueMeasurementMember 2021-10-31 0001828811 ifrs-full:TradeReceivablesMember ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember 2021-10-31 0001828811 ifrs-full:RecurringFairValueMeasurementMember 2021-10-31 0001828811 ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember 2021-10-31 0001828811 licy:ConvertibleDebtMember ifrs-full:RecurringFairValueMeasurementMember 2022-10-31 0001828811 licy:ConvertibleDebtMember ifrs-full:Level1OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember 2022-10-31 0001828811 licy:ConvertibleDebtMember ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember 2022-10-31 0001828811 ifrs-full:Level1OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember 2022-10-31 0001828811 licy:ConvertibleDebtMember ifrs-full:RecurringFairValueMeasurementMember 2021-10-31 0001828811 licy:ConvertibleDebtMember ifrs-full:Level1OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember 2021-10-31 0001828811 licy:ConvertibleDebtMember ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember 2021-10-31 0001828811 licy:WarrantsMember ifrs-full:RecurringFairValueMeasurementMember 2021-10-31 0001828811 licy:WarrantsMember ifrs-full:Level1OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember 2021-10-31 0001828811 licy:WarrantsMember ifrs-full:Level2OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember 2021-10-31 0001828811 ifrs-full:Level1OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember 2021-10-31 0001828811 ifrs-full:CurrencyInWhichSupplementaryInformationIsDisplayedMember ifrs-full:CurrencyRiskMember 2021-11-01 2022-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember 2022-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember ifrs-full:NotLaterThanOneYearMember 2022-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2022-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2022-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2022-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember 2022-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember ifrs-full:NotLaterThanOneYearMember 2022-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2022-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2022-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2022-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember 2022-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember ifrs-full:NotLaterThanOneYearMember 2022-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2022-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2022-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2022-10-31 0001828811 licy:ConvertibleDebtInterestMember 2022-10-31 0001828811 licy:ConvertibleDebtInterestMember ifrs-full:NotLaterThanOneYearMember 2022-10-31 0001828811 licy:ConvertibleDebtInterestMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2022-10-31 0001828811 licy:ConvertibleDebtInterestMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2022-10-31 0001828811 licy:ConvertibleDebtInterestMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2022-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember 2021-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember ifrs-full:NotLaterThanOneYearMember 2021-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-10-31 0001828811 licy:AccountsPayableAndAccruedLiabilitiesMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2021-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember 2021-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember ifrs-full:NotLaterThanOneYearMember 2021-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2021-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember 2021-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember ifrs-full:NotLaterThanOneYearMember 2021-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2021-10-31 0001828811 licy:ConvertibleDebtMember 2021-10-31 0001828811 licy:ConvertibleDebtMember ifrs-full:NotLaterThanOneYearMember 2021-10-31 0001828811 licy:ConvertibleDebtMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-10-31 0001828811 licy:ConvertibleDebtMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-10-31 0001828811 licy:ConvertibleDebtMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2021-10-31 0001828811 licy:ConvertibleDebtInterestMember 2021-10-31 0001828811 licy:ConvertibleDebtInterestMember ifrs-full:NotLaterThanOneYearMember 2021-10-31 0001828811 licy:ConvertibleDebtInterestMember ifrs-full:LaterThanOneYearAndNotLaterThanTwoYearsMember 2021-10-31 0001828811 licy:ConvertibleDebtInterestMember ifrs-full:LaterThanTwoYearsAndNotLaterThanThreeYearsMember 2021-10-31 0001828811 licy:ConvertibleDebtInterestMember ifrs-full:LaterThanThreeYearsAndNotLaterThanFourYearsMember 2021-10-31 0001828811 licy:CobaltMember 2021-11-01 2022-10-31 0001828811 licy:CobaltMember 2021-10-31 2021-10-31 0001828811 licy:NickelMember 2021-11-01 2022-10-31 0001828811 licy:NickelMember 2021-10-31 2021-10-31 0001828811 licy:CobaltMember 2022-10-31 0001828811 licy:CobaltMember 2021-10-31 0001828811 licy:NickelMember 2022-10-31 0001828811 licy:NickelMember 2021-10-31 0001828811 2021-10-31 2021-10-31 0001828811 licy:EmployeeStockOptionMember 2021-11-01 2022-10-31 0001828811 licy:EmployeeStockOptionMember 2020-11-01 2021-10-31 0001828811 licy:EmployeeStockOptionMember 2019-11-01 2020-10-31 0001828811 licy:WarrantsMember 2020-11-01 2021-10-31 0001828811 licy:WarrantsMember 2019-11-01 2020-10-31 0001828811 licy:ConvertibleDebtMember 2021-11-01 2022-10-31 0001828811 licy:ConvertibleDebtMember 2020-11-01 2021-10-31 0001828811 licy:ConvertibleDebtMember 2019-11-01 2020-10-31 0001828811 licy:RestrictedShareUnitsRSUMember 2021-11-01 2022-10-31 0001828811 licy:RestrictedShareUnitsRSUMember 2020-11-01 2021-10-31 0001828811 licy:RestrictedShareUnitsRSUMember 2019-11-01 2020-10-31 0001828811 country:CA 2021-11-01 2022-10-31 0001828811 country:US 2021-11-01 2022-10-31 0001828811 country:DE 2021-11-01 2022-10-31 0001828811 licy:OtherCountryMember 2021-11-01 2022-10-31 0001828811 country:CA 2020-11-01 2021-10-31 0001828811 country:US 2020-11-01 2021-10-31 0001828811 country:DE 2020-11-01 2021-10-31 0001828811 licy:OtherCountryMember 2020-11-01 2021-10-31 0001828811 country:CA 2019-11-01 2020-10-31 0001828811 country:US 2019-11-01 2020-10-31 0001828811 country:DE 2019-11-01 2020-10-31 0001828811 licy:OtherCountryMember 2019-11-01 2020-10-31 0001828811 country:CA 2022-10-31 0001828811 country:US 2022-10-31 0001828811 country:DE 2022-10-31 0001828811 licy:OtherCountryMember 2022-10-31 0001828811 country:CA 2021-10-31 0001828811 country:US 2021-10-31 0001828811 country:DE 2021-10-31 0001828811 licy:OtherCountryMember 2021-10-31 0001828811 country:CA 2020-10-31 0001828811 country:US 2020-10-31 0001828811 country:DE 2020-10-31 0001828811 licy:OtherCountryMember 2020-10-31 0001828811 licy:CanadaRevenueAgencyMember 2022-10-31 0001828811 licy:CanadaRevenueAgencyMember 2021-10-31 0001828811 licy:InternalRevenueServiceMember 2022-10-31 0001828811 licy:OtherMember 2022-10-31 0001828811 licy:OtherMember 2021-10-31 0001828811 licy:BeforeOffsetAmountMember licy:UnusedTaxLossesAndUnusedTaxCreditsMember 2022-10-31 0001828811 licy:BeforeOffsetAmountMember licy:UnusedTaxLossesAndUnusedTaxCreditsMember 2021-10-31 0001828811 licy:BeforeOffsetAmountMember licy:UnusedTaxLossesAndUnusedTaxCreditsMember 2020-10-31 0001828811 licy:ShareIssuanceCostMember 2022-10-31 0001828811 licy:ShareIssuanceCostMember 2021-10-31 0001828811 licy:ShareIssuanceCostMember 2020-10-31 0001828811 licy:ConvertibleDebtMember 2022-10-31 0001828811 licy:ConvertibleDebtMember 2021-10-31 0001828811 licy:ConvertibleDebtMember 2020-10-31 0001828811 licy:DecommissioningRestorationAndRehabilitationCostsRelatedTemporaryDifferencesMember 2022-10-31 0001828811 licy:DecommissioningRestorationAndRehabilitationCostsRelatedTemporaryDifferencesMember 2021-10-31 0001828811 licy:DecommissioningRestorationAndRehabilitationCostsRelatedTemporaryDifferencesMember 2020-10-31 0001828811 licy:OtherTaxDifferenceMember 2022-10-31 0001828811 licy:OtherTaxDifferenceMember 2021-10-31 0001828811 licy:OtherTaxDifferenceMember 2020-10-31 0001828811 licy:BeforeOffsetAmountMember licy:PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember 2022-10-31 0001828811 licy:BeforeOffsetAmountMember licy:PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember 2021-10-31 0001828811 licy:BeforeOffsetAmountMember licy:PropertyPlantAndEquipmentRelatedTemporaryDifferencesMember 2020-10-31 0001828811 licy:BeforeOffsetAmountMember licy:ConvertibleDebtAmortizationTemporaryDifferencesMember 2022-10-31 0001828811 licy:BeforeOffsetAmountMember licy:ConvertibleDebtAmortizationTemporaryDifferencesMember 2021-10-31 0001828811 licy:BeforeOffsetAmountMember licy:ConvertibleDebtAmortizationTemporaryDifferencesMember 2020-10-31 0001828811 licy:BeforeOffsetAmountMember licy:RightOfUseAssetRelatedTemporaryDifferencesMember 2022-10-31 0001828811 licy:BeforeOffsetAmountMember licy:RightOfUseAssetRelatedTemporaryDifferencesMember 2021-10-31 0001828811 licy:BeforeOffsetAmountMember licy:RightOfUseAssetRelatedTemporaryDifferencesMember 2020-10-31 0001828811 licy:BeforeOffsetAmountMember 2022-10-31 0001828811 licy:BeforeOffsetAmountMember 2021-10-31 0001828811 licy:BeforeOffsetAmountMember 2020-10-31 0001828811 licy:OffsetAmountMember 2022-10-31 0001828811 licy:OffsetAmountMember 2021-10-31 0001828811 licy:OffsetAmountMember 2020-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember 2021-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember 2021-10-31 0001828811 licy:ConvertibleDebtMember 2021-10-31 0001828811 licy:ConversionFeatureOfConvertibleDebtMember 2021-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember 2021-11-01 2022-10-31 0001828811 licy:ConvertibleDebtMember 2021-11-01 2022-10-31 0001828811 licy:ConversionFeatureOfConvertibleDebtMember 2021-11-01 2022-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember 2021-11-01 2022-10-31 0001828811 ifrs-full:LeaseLiabilitiesMember 2022-10-31 0001828811 ifrs-full:ProvisionForDecommissioningRestorationAndRehabilitationCostsMember 2022-10-31 0001828811 licy:ConvertibleDebtMember 2022-10-31 0001828811 licy:ConversionFeatureOfConvertibleDebtMember 2022-10-31 0001828811 licy:AnnouncementOfSubleaseAgreementMember 2023-01-12 0001828811 ifrs-full:LeaseholdImprovementsMember licy:AnnouncementOfSubleaseAgreementMember 2023-01-12 0001828811 licy:AnnouncementOfSubleaseAgreementMember 2023-01-12 2023-01-12 shares iso4217:USD iso4217:USD shares pure iso4217:CAD utr:Y utr:D false 2022 FY 0001828811 20-F false true 2022-10-31 --10-31 false false 001-40733 Li-Cycle Holdings Corp A6 207 Queen’s Quay West Suite 590 Toronto ON M5J 1A7 CA Carl DeLuca 207 Queen’s Quay West Suite 590 Toronto ON M5J 1A7 CA 877 542-9253 carl.deluca@li-cycle.com Common shares, without par value LICY NYSE 175956545 No No Yes Yes Large Accelerated Filer false International Financial Reporting Standards false true 85 1208 KPMG LLP Vaughan, Canada Deloitte LLP Toronto, Canada

12100000

6900000

600000

1300000

400000

200000

13400000

7300000

800000

37200000

12700000

2800000

17500000

4000000.0

300000

16900000

3100000

500000

16500000

7700000

3000000.0

15600000

3400000

600000

10100000

2900000

1100000

3700000

1000000.0

400000

2400000

1000000.0

400000

2000000.0

1000000.0

100000

1700000

2700000

800000

1000000.0

-300000

124600000

39200000

10000000.0

-111200000

-31900000

-9200000

7000000.0

100000

-17000000.0 -3800000 -100000

-67500000

38300000

100000

0 152700000 0 57500000 -194700000 -200000

-53700000

-226600000

-9400000

-53700000

-226600000

-9400000

-53600000

-226600000

-9400000

-100000

-200000

-53700000 -226600000 -9600000

-0.31

-2.06

-0.11

578300000

596900000

1500000

4100000

7800000

1000000.0

85800000 8500000

7500000

1300000

680900000

611800000

147700000

26400000

50100000

27000000.0

3600000

201400000

53400000

882300000

665200000

47500000

18700000

5200000

2900000

52700000

21600000

46600000

26500000

288500000 100900000

82100000

400000

335500000

209900000

388200000

231500000

771800000

672100000

17100000

3000000.0

-294700000

-241100000

-300000

493900000

433700000

200000

494100000

433700000

882300000

665200000

76500000

8500000

100000

-5100000

-100000

3400000

200000

6400000

6500000

0 0 500000 500000 500000 500000

500000

-9400000

-200000

-9600000

83400000

15500000

800000

-14500000

-300000

1500000

11200000

21600000

500000 500000 -500000 0

2100000

900000

-700000

200000

65700000

629700000

400000

3900000 3900000 3900000

2700000

0 0 700000 700000 700000

-226600000

163300000

672100000

3000000.0

-241100000

-300000

433700000

6600000

1400000

400000

-400000

5300000

49700000

5700000

46000000.0

0 0 11500000 11500000 11500000

300000

3600000 -3600000 0 300000 300000

-53600000

-100000

-53700000

176000000.0

771800000

17100000

-294700000

-300000

493900000

200000

494100000

-53700000

-226600000

-9400000

17500000

4000000.0

300000

0 152700000 0

10100000

2900000

1100000

0 0 2200000

200000

-100000

-1400000

700000

-300000

-67500000

38300000

100000

0 0 500000

17400000

3000000.0

500000

7000000.0

100000

2400000

1900000

500000

5400000

100000

-81800000

-26900000

-9800000

2600000

-3500000

-500000

-5200000

-700000

400000

-3600000 -4800000 -600000

-6200000

-1000000.0

-100000

21600000

12300000

3200000

-72600000

-24600000

-7400000

112300000

18200000

5100000

76400000 3200000 0 1400000 0 0

-190100000

-21400000

-5100000

21600000

6500000

49700000

525300000

200000

100000

198700000 98400000 0

10100000

2100000

1200000

300000 0 0

4700000

900000

400000

12500000

244100000

642200000

9400000

-18600000

596200000

-3100000

596900000

700000

3800000

578300000

596900000

700000

7200000 2100000 0 0 2100000 0 0 0 900000

<div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt;text-indent:-18pt">i.Company overview</div><div style="margin-bottom:0.06pt;margin-top:0.01pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:28.8pt">Li-Cycle’s core business model is to build, own and operate recycling plants tailored to regional needs. Li-Cycle’s Spoke & Hub Technologies™ provide an environmentally-friendly resource recovery solution that addresses the growing global lithium-ion battery recycling challenges supporting the global transition toward electrification.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:28.8pt">Li-Cycle Holdings Corp. and its subsidiaries, collectively ("Li-Cycle" or the "Company") started their business as Li-Cycle Corp. Li-Cycle Corp. was incorporated in Ontario, Canada under the Business Corporations Act (Ontario) on November 18, 2016. The Company's registered address is 207 Queens Quay West - Suite 590, Toronto, Ontario.</div><div style="padding-left:28.8pt"> </div><div style="padding-left:28.8pt">On March 28, 2019, Li-Cycle Corp. incorporated a wholly-owned subsidiary, Li-Cycle Inc., under the General Corporation Law of the State of Delaware. This subsidiary operates the Company’s U.S. Spoke facilities. </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:28.8pt"> </div><div style="padding-left:28.8pt">On September 2, 2020, Li-Cycle Corp. incorporated a wholly-owned subsidiary, Li-Cycle North America Hub, Inc., under the General Corporation Law of the State of Delaware. This subsidiary is developing the Company’s first commercial Hub, in Rochester, New York. </div><div style="padding-left:28.8pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">On August 10, 2021, in accordance with the plan of arrangement to reorganize Li-Cycle Corp., the Company finalized a business combination (the "Business Combination") with Peridot Acquisition Corp., and the combined company was renamed Li-Cycle Holdings Corp. On closing, the common shares of Li-Cycle Holdings Corp. were listed on the New York Stock Exchange and commenced trading under the symbol “NYSE:LICY”.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt"> ii. Business combination</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:14.4pt;text-indent:-3.6pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">On February 12, 2021, Li-Cycle Corp. incorporated a 100% owned subsidiary in Ontario, Canada, Li-Cycle Holdings Corp., under the Business Corporations Act (Ontario).</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">On February 16, 2021, Li-Cycle Corp. entered into a definitive business combination agreement with Peridot Acquisition Corp. (NYSE: PDAC) and Li-Cycle Holdings Corp.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt">On August 10, 2021, in accordance with the plan of arrangement to reorganize Li-Cycle Corp., the Company finalized the business combination with Peridot Acquisition Corp. (NYSE: PDAC), and the combined company was renamed Li-Cycle Holdings Corp.</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">As part of this transaction, a total of 3,377,626 Class A shares of Peridot Acquisition Corp. were redeemed by Peridot shareholders, resulting in a total redemption payment of approximately $33.8 million, while the remaining 26,622,374 of Class A shares were converted into common shares of the combined entity, Li-Cycle Holdings Corp. In addition, 7,500,000 Class B shares of Peridot Acquisition Corp were converted into 7,500,000 common shares of the combined entity, Li-Cycle Holdings Corp. upon closing.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">Li-Cycle Corp.'s existing shareholders exchanged 2,552,450 fully diluted shares of Li-Cycle Corp. for the shares of the combined entity, Li-Cycle Holdings Corp., at an exchange ratio of approximately 1:39.91, as determined per the Plan of Arrangement, resulting in 97,508,181 shares of Li-Cycle Holdings Corp. and 4,242,707 stock options of Li-Cycle Holdings Corp. for the existing shareholders of Li-Cycle Corp.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">31,549,000 shares of the combined entity, Li-Cycle Holdings Corp., were issued to new investors (the "PIPE Investors") at US$10 per share for a total of US$315.5 million under a Private Investment in Public Equity.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">On closing, the common shares and warrants of Li-Cycle Holdings Corp. were listed on the New York Stock Exchange and traded under the symbols “LICY” and “LICY.WS”, respectively. </div><div style="padding-left:27pt;text-align:justify">Li-Cycle Corp. was identified as the acquirer for accounting purposes. As Peridot Acquisition Corp. did not meet the definition of a business as defined in IFRS 3 - Business Combinations (“IFRS 3”), the acquisition was not within the scope of IFRS 3 and was accounted for as a share-based payment transaction in accordance with IFRS 2 – Share-based Payment. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt;text-align:justify"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:28.8pt;text-align:justify">These consolidated financial statements represent the continuance of Li-Cycle Corp. and reflect the identifiable assets acquired and the liabilities assumed of Peridot Acquisition Corp. at fair value. Under IFRS 2, the transaction was measured at the fair value of the common shares, escrowed shares and warrants deemed to have been issued by Li-Cycle Corp., in order for the </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:28.8pt;text-align:justify">ownership interest in the combined entity to be the same as if the transaction had taken the legal form of Li-Cycle Corp. acquiring 100% of Peridot Acquisition Corp. Any difference between the fair value of the common shares, escrowed shares and warrants deemed to have been issued by Li-Cycle Corp. and the fair value of Peridot Acquisition Corp.’s identifiable net assets acquired and liabilities assumed represents an excess of fair value over consideration transferred. The fair value of the warrants assumed in the transaction was determined based on the market closing price of $2.10 per warrant resulting in total fair value of $48.3 million.</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">As a result of this reverse asset acquisition, an excess of fair value over consideration transferred of $152.7 million was recorded to reflect the difference between the estimated fair value of the common shares, escrowed shares and warrants deemed issued to the shareholders of Peridot Acquisition Corp. and the net fair value of the assets of Peridot Acquisition Corp. acquired. Li-Cycle and Peridot incurred transaction-related costs of $27.0 million and $29.6 million, respectively. Li-Cycle's transaction-related costs, such as commissions, professional fees and regulatory fees, were directly attributable to common shares issuances and were deducted from the proceeds of the offering. </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">The details of the purchase price allocation of the identifiable assets acquired and liabilities assumed as follows:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:85.271%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.529%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="3" style="padding:0 3.77pt 0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value of consideration transferred:</td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom"> </td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Common shares</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">656.7</td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">Total fair value of consideration transferred</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">656.7</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="3" style="border-top:1pt solid #000000;padding:0 3.77pt 0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value of assets acquired and liabilities assumed:</td><td colspan="3" style="padding:0 3.77pt 0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Cash and cash equivalents</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">581.9</td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Warrants</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">(48.3)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Other payables</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">(29.6)</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">Total fair value of assets acquired and liabilities assumed</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">504.0</td></tr><tr><td colspan="3" style="border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"> </td><td colspan="3" style="border-top:1pt solid #000000;padding:0 3.77pt 0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Excess of fair value of consideration transferred over fair value of assets acquired and liabilities assumed</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">152.7</td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Gross proceeds</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">581.9</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Transaction-related costs</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">(27.0)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Other payables acquired</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">(29.6)</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Net proceeds</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">525.3</td></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">The fair value of the consideration transferred to acquire Peridot Acquisition Corp. and to issue shares to the PIPE Investors was $656.7 million calculated as 65,671,374 common shares at $10.00 per common share.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">The fair value per common share was based on the fair value of Li-Cycle Corp. common shares.</div>As a result of the closing of this transaction, 163,179,555 common shares of the Company were issued and outstanding immediately after the closing.

-3377626

33800000

26622374 7500000 7500000 2552450 39.91 97508181

4242707

31549000

315500000

2.1

48300000

152700000

27000000

29600000

656700000

581900000

48300000

29600000

504000000.0

152700000

581900000

27000000.0

29600000

525300000

656700000

65671374

163179555

Basis of preparation<div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:0.57pt;text-indent:-0.28pt"> 2.1 Statement of compliance</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). </div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:50.4pt">These consolidated financial statements were approved and authorized for issue by the Board of Directors on February 6, 2023.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:0.57pt;text-indent:-0.28pt"> 2.2 Basis of measurement</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:49.5pt;text-indent:-0.28pt">The consolidated financial statements have been prepared on a going concern basis, using historical cost basis, except for financial assets and liabilities that have been measured at amortized cost or fair value through profit and loss.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:0.57pt;text-indent:-0.28pt"> 2.3 Basis of consolidation</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:49.5pt">These consolidated financial statements include the financial information of the Company and its subsidiaries. The Company’s subsidiaries are entities controlled by the Company. Control exists when the Company has power over an investee, when the Company is exposed, or has rights, to variable returns from the investee and when the Company has the ability to affect those returns through its power over the investee. The subsidiaries are included in the consolidated financial results of the Company from the effective date of incorporation up to the effective date of disposition or loss of control. In assessing control, potential voting rights that are presently exercisable or convertible is taken into account. The accounting policies of subsidiaries are aligned with policies adopted by the Company. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.5pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:49.5pt">The Company’s principal subsidiaries and their geographic location as at October 31, 2022 are set forth in the table below:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.5pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:49.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.423%"><tr><td style="width:1.0%"/><td style="width:41.552%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.573%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.575%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Company</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Location</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Ownership interest</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Corp.</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Ontario, Canada</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Americas Corp.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Ontario, Canada</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle U.S. Holdings Inc.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Delaware, U.S.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Inc.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Delaware, U.S.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle North America Hub, Inc.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Delaware, U.S.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Europe AG</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Switzerland</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle APAC PTE. LTD.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Singapore</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div>Li-Cycle Germany GmbH </div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Germany</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Norway AS</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Norway</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">67%</td></tr></table></div><div style="margin-bottom:6pt;margin-top:4pt;padding-left:50.4pt">Intercompany transactions, balances and unrealized gains/losses on transactions between the Company and its subsidiaries have been eliminated.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:50.4pt;text-indent:-27pt"> 2.4 Presentation currency </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">These consolidated financial statements are presented in U.S. dollars, which is the Company's functional currency. All figures are presented in millions of U.S. dollars unless otherwise specified.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:0.28pt"> 2.5 Significant accounting estimates and critical judgments</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:49.5pt">The preparation of the financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which affect the application of accounting policies and the reported amounts of assets, liabilities and expenses. Actual results may differ from these estimates.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:49.5pt">Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised and in any future periods affected. </div><div style="padding-left:0.28pt;text-indent:36pt"> Significant accounting estimates include:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="padding-left:67.5pt;text-indent:-18pt">i.the determination of net realizable value of inventory; </div><div style="padding-left:67.5pt;text-indent:-18pt">ii.the determination of the useful life of plant and equipment;</div><div style="padding-left:67.5pt;text-indent:-18pt">iii.the valuation and measurement of the convertible debt and the related conversion features; and</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:67.5pt;text-indent:-18pt">iv.the valuation and measurement of right-of-use assets and lease liabilities.</div><div style="padding-left:49.5pt">Critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the financial statements include the following:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.5pt"> </div><div style="padding-left:67.5pt;text-indent:-18pt">i.the determination of transaction price used for revenue recognition; </div><div style="padding-left:67.5pt;text-indent:-18pt">ii.the valuation of the fair value of consideration transferred in the Business Combination in prior year;</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:67.5pt;text-indent:-18pt">iii.the assessment of impairment of non-financial assets;</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:67.5pt;text-indent:-18pt">iv.judgment in determining cash-generating units ("CGU") or CGU group for the purpose of impairment testing; and</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:67.5pt;text-indent:-18pt">v.the determination of reportable segments.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:31.5pt"> </div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:50.4pt;text-indent:-27pt"> 2.6 Newly adopted IFRS Standards</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The IASB has published Interest Rate Benchmark Reform - Phase 2 (Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16) with amendments that address issues that might affect financial reporting after the reform of an interest rate benchmark, including its replacement with alternative benchmark rates. The amendments are effective for annual reporting periods beginning on or after January 1, 2021. The Company has assessed the revised impact of the amendments and concluded that they have no impact on the consolidated financial statements.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:50.4pt;text-indent:-27pt"> 2.7 Comparative figures</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Certain of the comparative figures have been reclassified to conform to the financial statement presentation adopted in the current year.</div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:0.5pt"> 2.8 Non-controlling interest</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Non-controlling interest is defined as equity in a subsidiary not attributable, directly or indirectly, to a parent where a parent controls one or more entities.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Changes in the Company’s ownership interest in a subsidiary that do not result in the loss of control of the subsidiary are accounted for as equity transactions.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Non-controlling interest will be subsequently measured through profit/loss and will be attributed based on ownership interest and distributions/dividends to the non-controlling interest.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:50.4pt;text-indent:-27pt"> 2.9 Capitalization of borrowing costs</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Borrowing costs on funds from general borrowings used to finance the construction, production, or acquisition of a qualifying asset are capitalized until substantially all the activities necessary to prepare the qualifying asset for its intended use or sale have been completed. A qualifying asset is one that takes a substantial period of time to prepare the asset for its intended use. When money borrowed specifically to finance a project is invested to earn interest income, the income generated is also capitalized to reduce the total capitalized borrowing costs.</div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:50.4pt">Interest is capitalized based on the weighted average interest rate applicable to the general borrowings outstanding during the period of construction. </div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:50.4pt;text-indent:-27pt"> 2.10 Capitalization of internal costs</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Employee salaries and share-based compensation costs for employees that are directly attributable to bringing the Hub and Spoke assets to a condition and location necessary for the assets to be capable of operating in the manner intended by management are capitalized to assets under construction.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:50.4pt;text-indent:-27pt"> 2.11 Segmented information</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The Company has determined that there is one operating and reportable segment based on qualitative and quantitative considerations. The accounting policies of the segments are measured in a manner consistent with that of the consolidated financial statements. </div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:50.4pt;text-indent:-27pt"> 2.12 Revenue recognition</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:49.5pt">The Company’s principal activities generate revenues from the operation of lithium-ion battery recycling plants. The Company uses the following five step approach to revenue recognition:</div><div style="margin-bottom:6pt;padding-left:50.4pt">Step 1: Identify the contract(s) with a customer</div><div style="margin-bottom:6pt;padding-left:50.4pt">Step 2: Identify the performance obligations in the contract</div><div style="margin-bottom:6pt;padding-left:50.4pt">Step 3: Determine the transaction price</div><div style="margin-bottom:6pt;padding-left:50.4pt">Step 4: Allocate the transaction price to the performance obligations in the contract</div><div style="margin-bottom:6pt;padding-left:50.4pt">Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation</div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:0.5pt"> </div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:49.5pt">The Company recognizes revenue from the following major sources:</div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:86.4pt;text-indent:-18pt">i.Sale of products which includes black mass and black mass equivalents (collectively, "Black Mass & Equivalents") and shredded metal</div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:86.4pt;text-indent:-18pt">ii.Services for recycling lithium-ion batteries which includes coordination of logistics and destruction of batteries</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:49.5pt">Revenue is measured based on the consideration to which the Company expects to be entitled under a contract with a customer. The Company recognizes revenue when it transfers control of a product or service to a customer. There are no significant financing components associated with the Company’s payment terms. </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">For sale of products, revenue is recognized when control of the goods has transferred, typically when the goods have been transferred to the customer. A receivable is recognized by the Company when the goods are transferred to the customer as this represents the point in time at which the right to consideration becomes unconditional, as only the passage of time is required before payment is due. The Company estimates the amount of consideration to which it expects to be entitled under provisional pricing arrangements, which is based on the initial assay results and market prices of certain constituent metals on the date control is transferred to the customer. The final consideration for Black Mass & Equivalents and shredded metal sales is based on the mathematical product of: (i) market prices of certain constituent metals at the date of settlement, (ii) product weight, and (iii) final assay results (ratio of the constituent metals initially estimated by management and subsequently trued up to customer confirmation). Certain adjustments like handling and refining charges are also made per contractual terms with customers. Depending on the contractual terms with customers, the payment of receivables may take up to 12 months from date of shipment. Product sales and the related trade accounts receivable are measured using provisional prices for the constituent metals on initial recognition and any unsettled sales are remeasured at the end of each reporting period using the market prices of the constituent metals at the respective measurement dates. Changes in fair value are recognized as an adjustment to product revenue and the related accounts receivable.</div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:49.5pt">Recycling service revenue is recognized at a point in time upon completion of the services. The price for services are separately identifiable within each contract. A receivable is recognized by the Company when the services are completed as this represents the point in time at which the right to consideration becomes unconditional, as only the passage of time is required before payment is due. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.72pt"> </div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:49.5pt">The Company has elected to use the practical expedient for financing components related to its sales contracts. The Company does not recognize interest expense on contracts for which the period between receipt of customer payments and sale to the customer is one year or less.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:0.28pt"> 2.13 Share-based compensation</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The Company accounts for stock options using the fair value-based method of accounting for share-based compensation. Fair values are determined using the Black-Scholes-Merton option pricing model (“BSM”). Management exercises judgment in determining the underlying share price volatility, expected life of the option, expected forfeitures and other parameters of the calculations. Compensation costs are recognized over the vesting period as an increase to share-based compensation expense and contributed surplus. If, and when, stock options are ultimately exercised, the applicable amounts of contributed surplus are transferred to share capital.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:49.5pt">The Company accounts for RSUs under the current plan as equity-settled share-based</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:49.5pt">payments which are measured at fair value on the grant date. The expense for RSUs is</div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:49.5pt">recognized over the vesting period. Upon settlement of any RSUs, the grant date fair value of the instrument is transferred to share capital.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:0.28pt"> 2.14 Research and development expense</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Research costs are expensed as incurred. An internally-generated intangible asset arising from development (or from the development phase of an internal project) is recognized if, and only if, all of the following conditions have been demonstrated:</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:86.4pt;text-indent:-18pt">i.the technical feasibility of completing the intangible asset so that it will be available for use or sale;</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:86.4pt;text-indent:-18pt">ii.the intention to complete the intangible asset and use or sell it;</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:86.4pt;text-indent:-18pt">iii.the ability to use or sell the intangible asset;</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:86.4pt;text-indent:-18pt">iv.how the intangible asset will generate probable future economic benefits;</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:86.4pt;text-indent:-18pt">v.the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:86.4pt;text-indent:-18pt">vi.the ability to measure reliably the expenditure attributable to the intangible asset during its development.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The amount initially recognized for internally-generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally-generated intangible asset can be recognized, development expenditure is recognized in profit or loss in the period in which it is incurred.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately.</div><div style="margin-bottom:0.06pt;margin-top:1pt;padding-left:50.4pt;text-indent:-27pt"> 2.15 Cash and cash equivalents</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:49.5pt">Cash consists of cash deposits with financial institutions, while cash equivalents consists of short term guaranteed investment certificates with financial institutions.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:50.4pt;text-indent:-27pt"> 2.16 Inventories</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Raw materials and finished goods are valued at the lower of cost and net realizable value. Cost is determined on a weighted average basis. The cost of finished goods includes the cost of raw materials and the applicable share of the cost of labour and fixed and variable production overheads. Net realizable value is the estimated selling price less the estimated cost of completion and the estimated costs necessary to make the sale. Costs of idle plant operations are expensed.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">At each reporting period, the Company assesses the net realizable value of inventory taking into account current market prices, current economic trends, sales trends and past experiences. Write-downs to net realizable value may be reversed, up to the amount previously written down, when circumstances support an increased inventory value.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:50.4pt;text-indent:-27pt"> 2.17 Convertible debt</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The components of convertible debt instruments issued by the Company are recorded as financial liabilities, in accordance with the substance of the contractual arrangements and the definitions of a financial liability. The debt element of the instruments is classified as a liability and recorded as the present value of the Company’s obligation to make future interest payments in cash and settle the redemption value of the instrument in cash. The carrying value of the debt element is accreted to the original face value of the instruments, over their life, using the effective interest method. If the conversion option is classified as a liability and requires bifurcation, it is bifurcated as an embedded derivative unless the Company elects to apply the fair value option to the convertible debt. The embedded derivative liability is initially recognized at fair value and classified as derivatives in the statement of financial position. Changes in the fair value of the embedded derivative liability are subsequently accounted for directly through the statement of loss and comprehensive loss.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:0.57pt;text-indent:-0.28pt"> 2.18 Plant and equipment</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses net of any reversals of impairment. </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Where significant parts of an item of plant and equipment have different useful lives, they are accounted for as separate items of plant and equipment. </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Depreciation is charged to the consolidated statement of loss and comprehensive loss on a straight-line basis over the estimated useful lives of each part of an item of plant and equipment. The estimated useful lives, residual values and method of depreciation are reviewed each reporting period and any changes are accounted for on a prospective basis. The estimated useful lives are as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:90.45pt;text-indent:-40.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.262%"><tr><td style="width:1.0%"/><td style="width:43.962%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:53.838%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Computers</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">3 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Vehicles</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">5 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Plant equipment</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">5 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Furniture</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">7 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Storage containers</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Processing equipment</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Leasehold improvements</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Shorter of term of lease or estimated useful life</td></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:50.4pt">Repairs and maintenance costs are expensed as incurred. </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:0.28pt"> 2.19 Impairment of long-lived assets</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">At the end of each reporting period, the carrying amounts of the Company’s assets are reviewed to determine whether there is any indication that those assets are impaired. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment, if any. The recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and the impairment loss is recognized in period. For an asset that does not generate largely independent cash inflows, the recoverable amount is determined for the cash generating unit to which the asset belongs.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:0.57pt;text-indent:-0.28pt"> 2.20 Financial instruments</div><div style="margin-bottom:6pt;padding-left:72pt;text-indent:-21.6pt">Recognition</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The Company recognizes financial assets or financial liabilities on the consolidated statement of financial position when it becomes party to the contractual provisions of the financial instrument. Financial assets are initially measured at fair value and derecognized either when the Company has transferred substantially all the risks and rewards of ownership of the financial asset, or when cash flows expire. Financial liabilities are initially measured at fair value and are derecognized when the obligations specified in the contract is discharged, cancelled or expired.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">A write-off of a financial asset (or a portion thereof) constitutes a derecognition event. Write-off occurs when the Company has no reasonable expectations of recovering the contractual cash flows on a financial asset.</div><div style="margin-bottom:6pt;padding-left:50.4pt">Classification and measurement</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The Company determines the classification of its financial instruments at initial recognition. Financial assets and financial liabilities are classified according to the following measurement categories:</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-indent:-21.6pt">(i)those to be measured subsequently at fair value, either through profit or loss (“FVTPL”) and</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-indent:-21.6pt">(ii)those to be measured subsequently at amortized cost.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The classification and measurement of financial assets after initial recognition at fair value depends on the business model for managing the financial asset and the contractual terms of the cash flows. Financial assets that are held within a business model whose objective is to collect the contractual cash flows, and that have contractual cash flows that are solely payments of principal and interest on the principal outstanding, are generally measured at amortized cost at each subsequent reporting period. Derivative financial instruments are comprised of the embedded derivative liability representing the conversion option of the convertible debt. The embedded derivative liability is measured at fair value at each reporting date. The embedded derivative liability has been classified as held-for-trading. It </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">is classified as non-current based on the contractual terms specific to the instrument. Gains and losses on re-measurement of the embedded derivative liability are recognized in the consolidated statements of loss and comprehensive loss. All other financial assets are measured at their fair values at each subsequent reporting period, with any changes recorded through profit and loss or through other comprehensive income (which designation is made as an irrevocable election at the time of recognition).</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">After initial recognition at fair value, financial liabilities are classified and measured at either:</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-indent:-21.6pt">(i)amortized cost; or</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-indent:-21.6pt">(ii)FVTPL, if the Company has made an irrevocable election at the time of recognition, or when required (for items such as instruments held for trading or derivatives).</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The classification and measurement basis of the Company’s financial instruments are as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:49.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.423%"><tr><td style="width:1.0%"/><td style="width:70.226%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.574%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Financial Instrument</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Measurement</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cash equivalents</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Amortized cost</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Trade accounts receivable</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">FVTPL</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Other accounts receivable</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Amortized cost</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Accounts payable and accrued liabilities</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Amortized cost</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Warrants</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">FVTPL</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Convertible debt</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Amortized cost</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature of convertible debt</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">FVTPL</td></tr></table></div><div style="margin-bottom:6pt;margin-top:12pt;padding-left:50.4pt">The Company reclassifies financial assets when and only when its business model for managing those assets changes. Financial liabilities are not reclassified.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Transaction costs that are directly attributable to the acquisition or issuance of a financial asset or financial liability classified as subsequently measured at amortized cost are included in the fair value of the instrument on initial recognition. Transaction costs for financial assets and financial liabilities classified at fair value through profit or loss are expensed in profit or loss. </div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:50.4pt">Impairment </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The Company assesses all information available, including on a forward-looking basis the expected credit loss associated with any financial assets carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. To assess whether there has been a significant increase in credit risk, the Company compares the risk of default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition based on all information available, and reasonable supportive forward-looking information.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:0.28pt"> 2.21 Foreign currencies </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The reporting and functional currency of the Company is the U.S. dollar. Transactions in currencies other than the U.S. dollar are recorded at the rates of exchange prevailing on the dates of transactions. At the end of each reporting period, monetary assets and liabilities that are denominated in foreign currencies are translated at the rates prevailing at that date.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:0.28pt"> 2.22 Government assistance</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Amounts received or receivable resulting from government assistance programs are recognized when there is reasonable assurance that the amount of government assistance will be received, and all attached conditions will be complied with. When the amount relates to an expense item, it is recognized as a reduction to the related expense. When the amount relates to an asset, it reduces the carrying amount of the asset and is then recognized as income over the useful life of the depreciable asset by way of a reduced depreciation charge. Grants received in advance are recorded as deferred liability and amortized as a reduction to the related expense/carrying amount of asset as and when the related qualifying costs are incurred.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:0.28pt"> 2.23 Income taxes</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Income tax expense is comprised of current and deferred tax components. Income tax is recognized in profit or loss except to the extent that it relates to items recognized directly in equity or other comprehensive income, in which case the related tax is recognized in equity or other comprehensive income.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Current tax expense is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at year end, adjusted for amendments to tax payable with regard to previous years.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Deferred tax is recorded using the asset and liability method. Under this method, the Company calculates all temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the period end date. Deferred tax is calculated based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates that are expected to apply to the year of realization or settlement based on tax rates and laws enacted or substantively enacted at the period end date. </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which the deductible temporary differences and unused tax losses and tax credits can be utilized. The carrying amount of deferred tax assets is reviewed at each statement of the financial position date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.</div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:0.5pt"> 2.24 Provisions</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">Provisions represent liabilities of the Company for which the amount or timing is uncertain.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">A provision is recognized when, as a result of a past event, the Company has a present</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">obligation (legal or constructive) that can be estimated reliably, and it is probable that an</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">outflow of economic benefits will be required to settle the obligation. Where appropriate,</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">the future cash flow estimates are adjusted to reflect risks specific to the liability. The</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">amount recognized as a provision is the best estimate of the consideration required to</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">settle the present obligation at the statement of financial position date, considering the</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">risks and uncertainties surrounding the obligation. Where a provision is measured using the</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">cash flows estimated to settle the present obligation, its carrying amount is the present</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">value of those cash flows. When some or all of the economic benefits required to settle a</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">provision are expected to be recovered from a third party, the receivable is recognized as</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">an asset if it is virtually certain that reimbursement will be received, and the amount</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">receivable can be measured reliably.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:50.4pt;text-indent:-21.6pt">2.25 Leases</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">The Company assesses whether a contract is or contains a lease, at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets (such as tablets and personal computers, small items of office furniture and telephones). For these leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed. </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">Lease payments included in the measurement of the lease liability comprise:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="padding-left:86.4pt;text-indent:-18pt">i.Fixed lease payments (including in-substance fixed payments), less any lease incentives receivable;</div><div style="padding-left:86.4pt;text-indent:-18pt">ii.Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date;</div><div style="padding-left:86.4pt;text-indent:-18pt">iii.The amount expected to be payable by the lessee under residual value guarantees;</div><div style="padding-left:86.4pt;text-indent:-18pt">iv.The exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and</div><div style="margin-bottom:8pt;padding-left:86.4pt;text-indent:-18pt">v.Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">Whenever the Company incurs an obligation for costs to dismantle and remove a leased asset, restore the site on which it is located or restore the underlying asset to the condition required by the terms and conditions of the lease, a provision is recognized and measured under IAS 37. To the extent that the costs relate to a right-of-use asset, the costs are included in the related right-of-use asset, unless those costs are incurred to produce inventories.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses.</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:50.4pt">Right-of-use assets are depreciated over the shorter period of lease term and useful life of the right-of-use asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">The right-of-use assets are presented as a separate line in the consolidated statement of financial position.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">The Company applies IAS 36 to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss as described in the 'Impairment of long-lived assets’ policy. </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">As a practical expedient, IFRS 16 Leases (“IFRS 16”) permits a lessee not to separate non-lease components, and instead account for any lease and associated non-lease components as a single arrangement. The Company has used this practical expedient. </div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:0.28pt"> 2.26 New and revised IFRS Standards issued but not yet effective</div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:49.5pt">At the date of authorization of these financial statements, the Company has not applied the following new and revised IFRS Standards that have been issued but are not yet effective.</div><div style="padding-left:50.4pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:90.865%"><tr><td style="width:1.0%"/><td style="width:56.571%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:41.229%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-left:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">New/Revised Standard</td><td colspan="3" style="border-left:0.5pt solid #000;border-right:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:center;vertical-align:bottom">Description</td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Amendments to IFRS 3 </td><td colspan="3" style="border-left:0.5pt solid #000;border-right:0.5pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Reference to the Conceptual Framework </td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">IFRS 17 (including the December 2021 amendments to IFRS 17)</td><td colspan="3" style="border-left:0.5pt solid #000;border-right:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Insurance Contracts </td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Amendments to IAS 1 </td><td colspan="3" style="border-left:0.5pt solid #000;border-right:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Disclosure of Accounting Policies </td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Amendments to IAS 1</td><td colspan="3" style="border-left:0.5pt solid #000;border-right:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Classifying liabilities as current or non-current </td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Amendments to IAS 8 </td><td colspan="3" style="border-left:0.5pt solid #000;border-right:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Definition of Accounting Estimates </td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Amendments to IAS 12 </td><td colspan="3" style="border-left:0.5pt solid #000;border-right:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Deferred Tax related to Assets and Liabilities arising from a Single Transaction </td></tr><tr><td colspan="3" style="border-left:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Amendments to IFRS 16</td><td colspan="3" style="border-left:0.5pt solid #000;border-right:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Lease liability in a sale & leaseback</td></tr><tr><td colspan="3" style="border-bottom:0.5pt solid #000;border-left:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Amendments to IAS 37 </td><td colspan="3" style="border-bottom:0.5pt solid #000;border-left:0.5pt solid #000;border-right:0.5pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Onerous Contracts - Cost of Fulfilling a Contract </td></tr></table></div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The adoption of the IFRS Standards listed above are not expected to have a material impact on the financial statements of the Company in future periods, except as noted below.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgments - Disclosure of Accounting Policies</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The amendments change the requirements in IAS 1 with regard to disclosure of accounting policies. The amendments replace all instances of the term ‘significant accounting policies’ with ‘material accounting policy information’. Accounting policy information is material if, when considered together with other information included in an entity’s financial statements, it can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The supporting paragraphs in IAS 1 are also amended to clarify that accounting policy information that relates to immaterial transactions, other events or conditions is immaterial and need not be disclosed. Accounting policy information may be material because of the nature of the related transactions, other events or conditions, even if the amounts are immaterial. However, not all accounting policy information relating to material transactions, other events or conditions is itself material. </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The amendments to IAS 1 and IFRS practice statements 2 are effective for annual periods beginning on or after 1 January 2023, with earlier application permitted and are applied prospectively. The Company is assessing the potential impact of these amendments.</div>

Statement of compliance<div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”). </div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:50.4pt">These consolidated financial statements were approved and authorized for issue by the Board of Directors on February 6, 2023.</div>

Basis of consolidation<div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:49.5pt">These consolidated financial statements include the financial information of the Company and its subsidiaries. The Company’s subsidiaries are entities controlled by the Company. Control exists when the Company has power over an investee, when the Company is exposed, or has rights, to variable returns from the investee and when the Company has the ability to affect those returns through its power over the investee. The subsidiaries are included in the consolidated financial results of the Company from the effective date of incorporation up to the effective date of disposition or loss of control. In assessing control, potential voting rights that are presently exercisable or convertible is taken into account. The accounting policies of subsidiaries are aligned with policies adopted by the Company. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.5pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:49.5pt">The Company’s principal subsidiaries and their geographic location as at October 31, 2022 are set forth in the table below:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.5pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:49.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.423%"><tr><td style="width:1.0%"/><td style="width:41.552%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.573%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.575%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Company</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Location</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Ownership interest</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Corp.</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Ontario, Canada</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Americas Corp.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Ontario, Canada</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle U.S. Holdings Inc.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Delaware, U.S.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Inc.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Delaware, U.S.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle North America Hub, Inc.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Delaware, U.S.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Europe AG</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Switzerland</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle APAC PTE. LTD.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Singapore</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div>Li-Cycle Germany GmbH </div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Germany</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Norway AS</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Norway</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">67%</td></tr></table></div><div style="margin-bottom:6pt;margin-top:4pt;padding-left:50.4pt">Intercompany transactions, balances and unrealized gains/losses on transactions between the Company and its subsidiaries have been eliminated.</div>

<div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:49.5pt">The Company’s principal subsidiaries and their geographic location as at October 31, 2022 are set forth in the table below:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.5pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:49.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.423%"><tr><td style="width:1.0%"/><td style="width:41.552%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.573%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.575%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Company</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Location</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Ownership interest</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Corp.</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Ontario, Canada</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Americas Corp.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Ontario, Canada</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle U.S. Holdings Inc.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Delaware, U.S.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Inc.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Delaware, U.S.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle North America Hub, Inc.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Delaware, U.S.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Europe AG</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Switzerland</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle APAC PTE. LTD.</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Singapore</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div>Li-Cycle Germany GmbH </div></td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Germany</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">100%</td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Li-Cycle Norway AS</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Norway</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">67%</td></tr></table></div>

0.67

2.4 Presentation currency <div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">These consolidated financial statements are presented in U.S. dollars, which is the Company's functional currency. All figures are presented in millions of U.S. dollars unless otherwise specified.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:0.28pt"> 2.5 Significant accounting estimates and critical judgments</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:49.5pt">The preparation of the financial statements in conformity with IFRS requires management to make judgments, estimates and assumptions that are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which affect the application of accounting policies and the reported amounts of assets, liabilities and expenses. Actual results may differ from these estimates.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:49.5pt">Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised and in any future periods affected. </div><div style="padding-left:0.28pt;text-indent:36pt"> Significant accounting estimates include:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="padding-left:67.5pt;text-indent:-18pt">i.the determination of net realizable value of inventory; </div><div style="padding-left:67.5pt;text-indent:-18pt">ii.the determination of the useful life of plant and equipment;</div><div style="padding-left:67.5pt;text-indent:-18pt">iii.the valuation and measurement of the convertible debt and the related conversion features; and</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:67.5pt;text-indent:-18pt">iv.the valuation and measurement of right-of-use assets and lease liabilities.</div><div style="padding-left:49.5pt">Critical judgments in applying accounting policies that have the most significant effect on the amounts recognized in the financial statements include the following:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.5pt"> </div><div style="padding-left:67.5pt;text-indent:-18pt">i.the determination of transaction price used for revenue recognition; </div><div style="padding-left:67.5pt;text-indent:-18pt">ii.the valuation of the fair value of consideration transferred in the Business Combination in prior year;</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:67.5pt;text-indent:-18pt">iii.the assessment of impairment of non-financial assets;</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:67.5pt;text-indent:-18pt">iv.judgment in determining cash-generating units ("CGU") or CGU group for the purpose of impairment testing; and</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:67.5pt;text-indent:-18pt">v.the determination of reportable segments.</div>

Non-controlling interest<div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Non-controlling interest is defined as equity in a subsidiary not attributable, directly or indirectly, to a parent where a parent controls one or more entities.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Changes in the Company’s ownership interest in a subsidiary that do not result in the loss of control of the subsidiary are accounted for as equity transactions.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Non-controlling interest will be subsequently measured through profit/loss and will be attributed based on ownership interest and distributions/dividends to the non-controlling interest.</div>

Revenue recognitionThe Company’s principal activities generate revenues from the operation of lithium-ion battery recycling plants. The Company uses the following five step approach to revenue recognition:<div style="margin-bottom:6pt;padding-left:50.4pt">Step 1: Identify the contract(s) with a customer</div><div style="margin-bottom:6pt;padding-left:50.4pt">Step 2: Identify the performance obligations in the contract</div><div style="margin-bottom:6pt;padding-left:50.4pt">Step 3: Determine the transaction price</div><div style="margin-bottom:6pt;padding-left:50.4pt">Step 4: Allocate the transaction price to the performance obligations in the contract</div><div style="margin-bottom:6pt;padding-left:50.4pt">Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation</div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:0.5pt"> </div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:49.5pt">The Company recognizes revenue from the following major sources:</div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:86.4pt;text-indent:-18pt">i.Sale of products which includes black mass and black mass equivalents (collectively, "Black Mass & Equivalents") and shredded metal</div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:86.4pt;text-indent:-18pt">ii.Services for recycling lithium-ion batteries which includes coordination of logistics and destruction of batteries</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:49.5pt">Revenue is measured based on the consideration to which the Company expects to be entitled under a contract with a customer. The Company recognizes revenue when it transfers control of a product or service to a customer. There are no significant financing components associated with the Company’s payment terms. </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">For sale of products, revenue is recognized when control of the goods has transferred, typically when the goods have been transferred to the customer. A receivable is recognized by the Company when the goods are transferred to the customer as this represents the point in time at which the right to consideration becomes unconditional, as only the passage of time is required before payment is due. The Company estimates the amount of consideration to which it expects to be entitled under provisional pricing arrangements, which is based on the initial assay results and market prices of certain constituent metals on the date control is transferred to the customer. The final consideration for Black Mass & Equivalents and shredded metal sales is based on the mathematical product of: (i) market prices of certain constituent metals at the date of settlement, (ii) product weight, and (iii) final assay results (ratio of the constituent metals initially estimated by management and subsequently trued up to customer confirmation). Certain adjustments like handling and refining charges are also made per contractual terms with customers. Depending on the contractual terms with customers, the payment of receivables may take up to 12 months from date of shipment. Product sales and the related trade accounts receivable are measured using provisional prices for the constituent metals on initial recognition and any unsettled sales are remeasured at the end of each reporting period using the market prices of the constituent metals at the respective measurement dates. Changes in fair value are recognized as an adjustment to product revenue and the related accounts receivable.</div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:49.5pt">Recycling service revenue is recognized at a point in time upon completion of the services. The price for services are separately identifiable within each contract. A receivable is recognized by the Company when the services are completed as this represents the point in time at which the right to consideration becomes unconditional, as only the passage of time is required before payment is due. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.72pt"> </div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:49.5pt">The Company has elected to use the practical expedient for financing components related to its sales contracts. The Company does not recognize interest expense on contracts for which the period between receipt of customer payments and sale to the customer is one year or less.</div>

Share-based compensation<div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The Company accounts for stock options using the fair value-based method of accounting for share-based compensation. Fair values are determined using the Black-Scholes-Merton option pricing model (“BSM”). Management exercises judgment in determining the underlying share price volatility, expected life of the option, expected forfeitures and other parameters of the calculations. Compensation costs are recognized over the vesting period as an increase to share-based compensation expense and contributed surplus. If, and when, stock options are ultimately exercised, the applicable amounts of contributed surplus are transferred to share capital.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:49.5pt">The Company accounts for RSUs under the current plan as equity-settled share-based</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:49.5pt">payments which are measured at fair value on the grant date. The expense for RSUs is</div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:49.5pt">recognized over the vesting period. Upon settlement of any RSUs, the grant date fair value of the instrument is transferred to share capital.</div>

Research and development expense<div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Research costs are expensed as incurred. An internally-generated intangible asset arising from development (or from the development phase of an internal project) is recognized if, and only if, all of the following conditions have been demonstrated:</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:86.4pt;text-indent:-18pt">i.the technical feasibility of completing the intangible asset so that it will be available for use or sale;</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:86.4pt;text-indent:-18pt">ii.the intention to complete the intangible asset and use or sell it;</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:86.4pt;text-indent:-18pt">iii.the ability to use or sell the intangible asset;</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:86.4pt;text-indent:-18pt">iv.how the intangible asset will generate probable future economic benefits;</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:86.4pt;text-indent:-18pt">v.the availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset; and</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:86.4pt;text-indent:-18pt">vi.the ability to measure reliably the expenditure attributable to the intangible asset during its development.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The amount initially recognized for internally-generated intangible assets is the sum of the expenditure incurred from the date when the intangible asset first meets the recognition criteria listed above. Where no internally-generated intangible asset can be recognized, development expenditure is recognized in profit or loss in the period in which it is incurred.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Subsequent to initial recognition, internally-generated intangible assets are reported at cost less accumulated amortisation and accumulated impairment losses, on the same basis as intangible assets that are acquired separately.</div>

Cash and cash equivalentsCash consists of cash deposits with financial institutions, while cash equivalents consists of short term guaranteed investment certificates with financial institutions.

Inventories<div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Raw materials and finished goods are valued at the lower of cost and net realizable value. Cost is determined on a weighted average basis. The cost of finished goods includes the cost of raw materials and the applicable share of the cost of labour and fixed and variable production overheads. Net realizable value is the estimated selling price less the estimated cost of completion and the estimated costs necessary to make the sale. Costs of idle plant operations are expensed.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">At each reporting period, the Company assesses the net realizable value of inventory taking into account current market prices, current economic trends, sales trends and past experiences. Write-downs to net realizable value may be reversed, up to the amount previously written down, when circumstances support an increased inventory value.</div>

Convertible debtThe components of convertible debt instruments issued by the Company are recorded as financial liabilities, in accordance with the substance of the contractual arrangements and the definitions of a financial liability. The debt element of the instruments is classified as a liability and recorded as the present value of the Company’s obligation to make future interest payments in cash and settle the redemption value of the instrument in cash. The carrying value of the debt element is accreted to the original face value of the instruments, over their life, using the effective interest method. If the conversion option is classified as a liability and requires bifurcation, it is bifurcated as an embedded derivative unless the Company elects to apply the fair value option to the convertible debt. The embedded derivative liability is initially recognized at fair value and classified as derivatives in the statement of financial position. Changes in the fair value of the embedded derivative liability are subsequently accounted for directly through the statement of loss and comprehensive loss.

Plant and equipmentPlant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses net of any reversals of impairment. Where significant parts of an item of plant and equipment have different useful lives, they are accounted for as separate items of plant and equipment.

The estimated useful lives, residual values and method of depreciation are reviewed each reporting period and any changes are accounted for on a prospective basis. The estimated useful lives are as follows:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.262%"><tr><td style="width:1.0%"/><td style="width:43.962%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:53.838%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Computers</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">3 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Vehicles</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">5 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Plant equipment</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">5 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Furniture</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">7 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Storage containers</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Processing equipment</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">10 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Leasehold improvements</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Shorter of term of lease or estimated useful life</td></tr></table>

P3Y

P5Y

P7Y

P10Y

Impairment of long-lived assets<div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">At the end of each reporting period, the carrying amounts of the Company’s assets are reviewed to determine whether there is any indication that those assets are impaired. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment, if any. The recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount and the impairment loss is recognized in period. For an asset that does not generate largely independent cash inflows, the recoverable amount is determined for the cash generating unit to which the asset belongs.</div>

Financial instruments<div style="margin-bottom:6pt;padding-left:72pt;text-indent:-21.6pt">Recognition</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The Company recognizes financial assets or financial liabilities on the consolidated statement of financial position when it becomes party to the contractual provisions of the financial instrument. Financial assets are initially measured at fair value and derecognized either when the Company has transferred substantially all the risks and rewards of ownership of the financial asset, or when cash flows expire. Financial liabilities are initially measured at fair value and are derecognized when the obligations specified in the contract is discharged, cancelled or expired.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">A write-off of a financial asset (or a portion thereof) constitutes a derecognition event. Write-off occurs when the Company has no reasonable expectations of recovering the contractual cash flows on a financial asset.</div><div style="margin-bottom:6pt;padding-left:50.4pt">Classification and measurement</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The Company determines the classification of its financial instruments at initial recognition. Financial assets and financial liabilities are classified according to the following measurement categories:</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-indent:-21.6pt">(i)those to be measured subsequently at fair value, either through profit or loss (“FVTPL”) and</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-indent:-21.6pt">(ii)those to be measured subsequently at amortized cost.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The classification and measurement of financial assets after initial recognition at fair value depends on the business model for managing the financial asset and the contractual terms of the cash flows. Financial assets that are held within a business model whose objective is to collect the contractual cash flows, and that have contractual cash flows that are solely payments of principal and interest on the principal outstanding, are generally measured at amortized cost at each subsequent reporting period. Derivative financial instruments are comprised of the embedded derivative liability representing the conversion option of the convertible debt. The embedded derivative liability is measured at fair value at each reporting date. The embedded derivative liability has been classified as held-for-trading. It </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">is classified as non-current based on the contractual terms specific to the instrument. Gains and losses on re-measurement of the embedded derivative liability are recognized in the consolidated statements of loss and comprehensive loss. All other financial assets are measured at their fair values at each subsequent reporting period, with any changes recorded through profit and loss or through other comprehensive income (which designation is made as an irrevocable election at the time of recognition).</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">After initial recognition at fair value, financial liabilities are classified and measured at either:</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-indent:-21.6pt">(i)amortized cost; or</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:72pt;text-indent:-21.6pt">(ii)FVTPL, if the Company has made an irrevocable election at the time of recognition, or when required (for items such as instruments held for trading or derivatives).</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The classification and measurement basis of the Company’s financial instruments are as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:49.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.423%"><tr><td style="width:1.0%"/><td style="width:70.226%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.574%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Financial Instrument</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Measurement</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cash equivalents</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Amortized cost</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Trade accounts receivable</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">FVTPL</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Other accounts receivable</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Amortized cost</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Accounts payable and accrued liabilities</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Amortized cost</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Warrants</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">FVTPL</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Convertible debt</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Amortized cost</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature of convertible debt</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">FVTPL</td></tr></table></div><div style="margin-bottom:6pt;margin-top:12pt;padding-left:50.4pt">The Company reclassifies financial assets when and only when its business model for managing those assets changes. Financial liabilities are not reclassified.</div>Transaction costs that are directly attributable to the acquisition or issuance of a financial asset or financial liability classified as subsequently measured at amortized cost are included in the fair value of the instrument on initial recognition. Transaction costs for financial assets and financial liabilities classified at fair value through profit or loss are expensed in profit or loss.

<div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The classification and measurement basis of the Company’s financial instruments are as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:49.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:89.423%"><tr><td style="width:1.0%"/><td style="width:70.226%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:27.574%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Financial Instrument</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Measurement</td></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cash equivalents</td><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Amortized cost</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Trade accounts receivable</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">FVTPL</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Other accounts receivable</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Amortized cost</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Accounts payable and accrued liabilities</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Amortized cost</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Warrants</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">FVTPL</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Convertible debt</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Amortized cost</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature of convertible debt</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">FVTPL</td></tr></table></div>

<div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:50.4pt">Impairment </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">The Company assesses all information available, including on a forward-looking basis the expected credit loss associated with any financial assets carried at amortized cost. The impairment methodology applied depends on whether there has been a significant increase in credit risk. To assess whether there has been a significant increase in credit risk, the Company compares the risk of default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition based on all information available, and reasonable supportive forward-looking information.</div>

Foreign currencies The reporting and functional currency of the Company is the U.S. dollar. Transactions in currencies other than the U.S. dollar are recorded at the rates of exchange prevailing on the dates of transactions. At the end of each reporting period, monetary assets and liabilities that are denominated in foreign currencies are translated at the rates prevailing at that date.

Government assistanceAmounts received or receivable resulting from government assistance programs are recognized when there is reasonable assurance that the amount of government assistance will be received, and all attached conditions will be complied with. When the amount relates to an expense item, it is recognized as a reduction to the related expense. When the amount relates to an asset, it reduces the carrying amount of the asset and is then recognized as income over the useful life of the depreciable asset by way of a reduced depreciation charge. Grants received in advance are recorded as deferred liability and amortized as a reduction to the related expense/carrying amount of asset as and when the related qualifying costs are incurred.

Income taxes<div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Income tax expense is comprised of current and deferred tax components. Income tax is recognized in profit or loss except to the extent that it relates to items recognized directly in equity or other comprehensive income, in which case the related tax is recognized in equity or other comprehensive income.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Current tax expense is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at year end, adjusted for amendments to tax payable with regard to previous years.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Deferred tax is recorded using the asset and liability method. Under this method, the Company calculates all temporary differences between the tax bases of assets and liabilities and their carrying amounts for financial reporting purposes at the period end date. Deferred tax is calculated based on the expected manner of realization or settlement of the carrying amount of assets and liabilities, using tax rates that are expected to apply to the year of realization or settlement based on tax rates and laws enacted or substantively enacted at the period end date. </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Deferred tax assets are recognized to the extent that it is probable that taxable profits will be available against which the deductible temporary differences and unused tax losses and tax credits can be utilized. The carrying amount of deferred tax assets is reviewed at each statement of the financial position date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities and when they relate to income taxes levied by the same taxation authority and the Company intends to settle its current tax assets and liabilities on a net basis.</div>

Provisions<div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">Provisions represent liabilities of the Company for which the amount or timing is uncertain.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">A provision is recognized when, as a result of a past event, the Company has a present</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">obligation (legal or constructive) that can be estimated reliably, and it is probable that an</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">outflow of economic benefits will be required to settle the obligation. Where appropriate,</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">the future cash flow estimates are adjusted to reflect risks specific to the liability. The</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">amount recognized as a provision is the best estimate of the consideration required to</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">settle the present obligation at the statement of financial position date, considering the</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">risks and uncertainties surrounding the obligation. Where a provision is measured using the</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">cash flows estimated to settle the present obligation, its carrying amount is the present</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">value of those cash flows. When some or all of the economic benefits required to settle a</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">provision are expected to be recovered from a third party, the receivable is recognized as</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">an asset if it is virtually certain that reimbursement will be received, and the amount</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:50.4pt">receivable can be measured reliably.</div>

Leases<div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">The Company assesses whether a contract is or contains a lease, at inception of the contract. The Company recognizes a right-of-use asset and a corresponding lease liability with respect to all lease arrangements in which it is the lessee, except for short-term leases (defined as leases with a lease term of 12 months or less) and leases of low value assets (such as tablets and personal computers, small items of office furniture and telephones). For these leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease unless another systematic basis is more representative of the time pattern in which economic benefits from the leased assets are consumed. </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted by using the rate implicit in the lease. If this rate cannot be readily determined, the Company uses its incremental borrowing rate.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">Lease payments included in the measurement of the lease liability comprise:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="padding-left:86.4pt;text-indent:-18pt">i.Fixed lease payments (including in-substance fixed payments), less any lease incentives receivable;</div><div style="padding-left:86.4pt;text-indent:-18pt">ii.Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date;</div><div style="padding-left:86.4pt;text-indent:-18pt">iii.The amount expected to be payable by the lessee under residual value guarantees;</div><div style="padding-left:86.4pt;text-indent:-18pt">iv.The exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and</div><div style="margin-bottom:8pt;padding-left:86.4pt;text-indent:-18pt">v.Payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">Whenever the Company incurs an obligation for costs to dismantle and remove a leased asset, restore the site on which it is located or restore the underlying asset to the condition required by the terms and conditions of the lease, a provision is recognized and measured under IAS 37. To the extent that the costs relate to a right-of-use asset, the costs are included in the related right-of-use asset, unless those costs are incurred to produce inventories.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">The right-of-use assets comprise the initial measurement of the corresponding lease liability, lease payments made at or before the commencement day, less any lease incentives received and any initial direct costs. They are subsequently measured at cost less accumulated depreciation and impairment losses.</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:50.4pt">Right-of-use assets are depreciated over the shorter period of lease term and useful life of the right-of-use asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Company expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. The depreciation starts at the commencement date of the lease.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">The right-of-use assets are presented as a separate line in the consolidated statement of financial position.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:50.4pt">The Company applies IAS 36 to determine whether a right-of-use asset is impaired and accounts for any identified impairment loss as described in the 'Impairment of long-lived assets’ policy. </div>As a practical expedient, IFRS 16 Leases (“IFRS 16”) permits a lessee not to separate non-lease components, and instead account for any lease and associated non-lease components as a single arrangement. The Company has used this practical expedient.

Revenue – product sales and recycling services<div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Product revenue recognized in the period</div></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">14.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">6.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value pricing adjustments</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Product sales revenue </td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.9 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.6 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Recycling service revenue recognized in the period</div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Revenue</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">13.4 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">7.3 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.8 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:28.8pt"> </div><div> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Product revenue recognized in the period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">14.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">6.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Recycling service revenue recognized in the period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Total revenue before FV pricing adjustment</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">15.6 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">6.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.7 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:28.8pt"> </div><div style="padding-left:27pt">Product revenue from Black Mass & Equivalents and shredded metal, and the related trade accounts receivables, are measured at initial recognition using provisional prices for the constituent metals on initial recognition and any unsettled sales remeasured at the end of each reporting period using the market prices of the constituent metals. Changes in fair value are recognized as an adjustment to product revenue, and the related accounts receivable, and can result in gains and losses when the applicable metal prices increase or decrease from the date of initial recognition. </div><div style="padding-left:28.8pt"> </div><div> Refer to Note 17 for the impact of movements in the Cobalt and Nickel prices.</div> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Product revenue recognized in the period</div></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">14.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">6.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value pricing adjustments</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Product sales revenue </td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.9 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.6 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div>Recycling service revenue recognized in the period</div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Revenue</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">13.4 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">7.3 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.8 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Product revenue recognized in the period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">14.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">6.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Recycling service revenue recognized in the period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Total revenue before FV pricing adjustment</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">15.6 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">6.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.7 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table> 14300000 6100000 500000 -2200000 800000 100000

12100000

6900000

600000

1300000

400000

200000

13400000

7300000

800000

14300000 6100000 500000

1300000

400000

200000

15600000 6500000 700000

Other income (expense)<div style="margin-bottom:0.01pt;margin-top:1pt;padding-left:28.8pt">The following table summarizes the Company's other income (expense):</div><div style="margin-bottom:0.01pt;margin-top:6pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2020</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Interest income on short-term investments</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">7.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Interest income</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Interest expense and accretion on convertible debt</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(15.0)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Interest expense and accretion on promissory notes</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Interest expense and accretion on loans</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Interest expense on leases</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Other finance costs</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign exchange gains (losses)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Interest expense and other costs</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(17.0)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3.8)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value gain (loss) on embedded derivatives</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">31.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value gain (loss) on warrants</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(33.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value gain (loss) on restricted share units</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Gains (losses) on financial instruments</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">67.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(38.3)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Excess of fair value over consideration transferred related to business combination</td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(152.7)</td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr></table></div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Excess of fair value over consideration transferred</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(152.7)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">57.5 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(194.7)</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(0.2)</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr></table>

<div style="margin-bottom:0.01pt;margin-top:1pt;padding-left:28.8pt">The following table summarizes the Company's other income (expense):</div><div style="margin-bottom:0.01pt;margin-top:6pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2020</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Interest income on short-term investments</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">7.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Interest income</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Interest expense and accretion on convertible debt</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(15.0)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Interest expense and accretion on promissory notes</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Interest expense and accretion on loans</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Interest expense on leases</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Other finance costs</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign exchange gains (losses)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Interest expense and other costs</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(17.0)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3.8)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value gain (loss) on embedded derivatives</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">31.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value gain (loss) on warrants</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">36.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(33.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value gain (loss) on restricted share units</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Gains (losses) on financial instruments</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">67.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(38.3)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Excess of fair value over consideration transferred related to business combination</td><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(152.7)</td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr></table></div><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Excess of fair value over consideration transferred</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(152.7)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">57.5 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(194.7)</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(0.2)</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr></table>

7000000.0

100000

7000000.0

100000

-15000000.0 -1200000 0 0 -100000 0

1300000

2200000

400000

200000

300000

-400000

800000

-400000

-17000000.0 -3800000 -100000

-31300000

1300000

-36200000 33800000 0

3200000

100000

-67500000

38300000

100000

0 152700000 0 0 152700000 0 57500000 -194700000 -200000

Accounts receivable<div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:27pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"/><td style="width:52.981%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.104%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.104%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.655%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.656%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Trade receivables</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">1.5</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">4.1</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Total accounts receivable</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">1.5</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">4.1</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Sales taxes receivable</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.7</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.4</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Other </td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">4.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.6</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Total other receivables</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">7.8</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">1.0</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:27pt">Other receivables consist principally of interest receivable and receivables from non-trade vendors.</div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:22.5pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:71.689%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.506%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Aging Summary</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Current</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.3</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">1-30 days</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.6</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.3</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">31-60 days</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.3</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">61-90 days</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">91 days and over</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.5</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Total accounts receivable</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">1.5</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">4.1</td></tr></table></div><div style="padding-left:28.8pt"> </div><div style="padding-left:28.8pt">For product revenue, the Company estimates the amount of consideration to which it expects to be entitled under provisional pricing arrangements, which is based on the initial assay results and market prices of certain constituent metals on the date control is transferred to the customer. For the twelve months ended October 31, 2022, the fair value loss arising from changes in estimates was $2.2 million (2021: fair value gain of $0.8 million), which is included in the respective accounts receivable balance. Refer to Note 3 for additional details on product revenue and fair value adjustments recognized in the period.</div><div style="padding-left:28.8pt"> </div><div style="padding-left:28.8pt">The Company assesses the need for allowances related to credit loss for service related receivables based on its past experience, the credit ratings of its existing customer and economic trends. For the year ended October 31, 2022, the Company recorded a nominal credit allowance (2021: $nil). </div><div style="padding-left:28.8pt"> </div><div style="padding-left:28.8pt">The Company's revenue primarily comes from two key customers, as shown in the table below. The Company's remaining customers do not make up significant percentages of these balances. For additional details on product sales and fair value adjustments recognized in the period, refer to Note 3.</div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Revenue</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31, </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Customer A</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">67.0 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Customer B</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">69.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">52.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:72pt;text-indent:36pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Trade Accounts Receivable</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Customer A</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">18.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">53.0 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">90.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Customer B</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">45.0 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div>

1500000

4100000

1500000

4100000

3700000

400000

4100000 600000

7800000

1000000.0

<div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:27pt">Other receivables consist principally of interest receivable and receivables from non-trade vendors.</div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:22.5pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:71.689%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.506%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Aging Summary</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Current</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.3</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">1-30 days</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.6</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.3</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">31-60 days</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.3</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">61-90 days</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">91 days and over</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.5</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Total accounts receivable</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">1.5</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">4.1</td></tr></table></div>

300000

3200000

600000

300000

100000

200000

500000

1500000

4100000

-2200000 800000 <div style="padding-left:28.8pt">The Company's revenue primarily comes from two key customers, as shown in the table below. The Company's remaining customers do not make up significant percentages of these balances. For additional details on product sales and fair value adjustments recognized in the period, refer to Note 3.</div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Revenue</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31, </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Customer A</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">67.0 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Customer B</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">69.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">52.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:72pt;text-indent:36pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Trade Accounts Receivable</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Customer A</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">18.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">53.0 </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">90.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Customer B</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">42.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">45.0 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle">%</td></tr></table></div>

0.163

0.420

0.670

0.696

0.520

0.000

0.183 0.530 0.900 0.428 0.450 0.000

Prepayment and deposits<div style="margin-bottom:0.01pt;margin-top:6pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:71.642%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Prepaid lease deposits</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">2.8</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">0.9</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Prepaid transaction costs</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.3</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Prepaid construction charges</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">1.4</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Prepaid equipment deposits</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">76.4</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">3.2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Prepaid insurance</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">5.7</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">3.8</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other prepaids</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">2.8</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">0.6</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Total prepaids and deposits</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">89.4</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">8.5</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Non-current portion of prepaid lease deposits</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">(3.6)</td><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Current prepaids and deposits</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">85.8 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">8.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:0.01pt;margin-top:6pt;padding-left:27pt">Other prepaids consist principally of other deposits and subscriptions.</div>

3600000

85800000 8500000

Inventories<div style="margin-bottom:0.01pt;margin-top:6pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:71.642%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Raw materials</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">4.7</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.9</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Finished goods</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">1.7</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.3</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Parts and tools</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">1.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Total inventories</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">7.5</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">1.3</td></tr></table></div><div style="margin-top:1pt;padding-left:27pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:27pt">The cost of inventories recognized as an expense during the twelve months ended October</div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:27pt">31, 2022 was $28.8 million (2021: $8.6 million).</div>As at October 31, 2022, finished goods inventory balance has been adjusted to net realizable value resulting in a write off of $1.3 million in the twelve months ended October 31, 2022, included in the Change in finished goods line (2021: $2.3 million). As at October 31, 2022, raw materials inventory balance has been adjusted to net realizable value resulting in a write off of $4.8 million in the twelve months ended October 31, 2022, included in the Raw materials and supplies line (2021: $0.6 million). Refer to Note 17 for additional details on commodity prices.

4700000

900000

1700000

300000

1100000

100000

7500000

1300000

28800000

8600000

1300000 2300000 4800000 600000

Plant and equipment <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.108%"><tr><td style="width:1.0%"/><td style="width:20.758%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.808%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.808%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.153%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.120%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.357%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.296%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the year ended October 31,</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt 0 7pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Assets under construction</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Plant equipment and other</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Computer equipment</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Vehicles</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Leasehold improvements</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cost</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">15.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">6.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">6.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">28.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Additions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">119.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">125.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Transfers</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(27.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">27.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">107.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">34.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">9.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">153.6 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top">Accumulated depreciation</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1.6)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.5)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Depreciation</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(3.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(4.3)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.2)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.1)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1.3)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(5.9)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Net book value</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">107.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">30.0 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">1.6 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.2 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">8.5 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">147.7 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table><div style="margin-bottom:0.01pt;margin-top:6pt;padding-left:27pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:20.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.655%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.655%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.655%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.185%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.147%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the year ended October 31,</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt 0 5.5pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Assets under construction</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Plant equipment and other</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Computer equipment</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Vehicles</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Leasehold improvements</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cost</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">1.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">2.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">1.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">6.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Additions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">17.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">4.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">22.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Transfers</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(3.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">15.6 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">6.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">6.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">28.6 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top">Accumulated depreciation</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.5)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.6)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Depreciation</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1.6)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1.6)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.1)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.5)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2.2)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Net book value</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">15.6 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">4.8 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.2 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.1 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">5.7 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">26.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table></div><div style="margin-bottom:0.01pt;margin-top:6pt;padding-left:22.5pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:27pt">For the twelve months ended October 31, 2022, $6.2 million in employee salaries and $0.6 million in share-based compensation costs (2021: $nil) were capitalized to assets under construction. </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:28.8pt">For the twelve months ended October 31, 2022, $5.2 million in borrowing costs (2021: $nil) were capitalized to assets under construction. The capitalization rate used to determine the amount of borrowing costs eligible for capitalization in the period was a weighted average effective interest rate of 12.3%.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.5pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.5pt"> Refer to Note 18 for details of contractual commitments to purchase fixed assets.</div>

<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.108%"><tr><td style="width:1.0%"/><td style="width:20.758%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.808%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.808%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.153%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.120%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.357%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.296%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the year ended October 31,</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt 0 7pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Assets under construction</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Plant equipment and other</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Computer equipment</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Vehicles</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Leasehold improvements</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cost</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">15.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">6.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">6.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">28.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Additions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">119.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">125.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Transfers</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(27.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">27.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">107.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">34.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">9.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">153.6 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 7pt 0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top">Accumulated depreciation</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1.6)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.5)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Depreciation</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(3.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(4.3)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.2)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.1)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1.3)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(5.9)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Net book value</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">107.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">30.0 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">1.6 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.2 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">8.5 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">147.7 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:20.498%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.655%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.655%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.655%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.185%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.147%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the year ended October 31,</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt 0 5.5pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Assets under construction</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Plant equipment and other</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Computer equipment</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Vehicles</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Leasehold improvements</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cost</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">1.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">2.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">1.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">6.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Additions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">17.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">4.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">22.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Transfers</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(3.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">15.6 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">6.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">6.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">28.6 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr style="height:6pt"><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top">Accumulated depreciation</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.5)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.6)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Depreciation</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1.6)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1.6)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.1)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.5)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2.2)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Net book value</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">15.6 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">4.8 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.2 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.1 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">5.7 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">26.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table>

15600000

6400000

200000

6200000

28600000

119500000

200000

1600000

100000

3600000

125000000.0

-27700000

27700000

107400000

34300000

1800000

300000

9800000

153600000

-1600000

-100000

-500000

-2200000

2700000

200000

800000

3700000

-4300000

-200000

-100000

-1300000

-5900000

107400000

30000000.0

1600000

200000

8500000

147700000

1900000

2600000

200000

1600000

6300000

17500000

200000

4600000

22300000

-3800000

3800000

15600000

6400000

200000

6200000

28600000

-500000

-100000

-600000

1100000

100000

400000

1600000

-1600000

-100000

-500000

-2200000

15600000

4800000

200000

100000

5700000

26400000

6200000 600000 0

5200000

0.123

Right-of-use assets <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the year ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">Premises</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">Equipment</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cost</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">28.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">28.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Additions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">29.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">29.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Termination/derecognition</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">56.9 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">57.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:5pt"><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top">Accumulated depreciation</td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Depreciation</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Termination/derecognition</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(7.2)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.1)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(7.3)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Carrying amounts</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">49.7 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">50.1 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the year ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt 0 7pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">Premises</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">Equipment</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cost</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">4.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">4.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Additions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">24.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">24.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Modifications</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">28.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">28.9 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:top">Accumulated depreciation</td><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.6)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.6)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Depreciation</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.9)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.9)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Carrying amounts</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">26.9 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">27.0 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:0.06pt;margin-top:6pt;padding-left:0.28pt"> The weighted average lease term of the Company's premises and equipment leases is 4.6 years.</div>

28800000

100000

28900000

29300000

400000

29700000

-1200000 0 -1200000

56900000

500000

57400000

-1900000

6300000

100000

6400000

1000000.0 0 1000000.0

-7200000

-100000

-7300000

49700000

400000

50100000

4400000

100000

4500000

24200000

200000 0 200000

28800000

100000

28900000

-600000

1300000

-1900000

26900000

100000

27000000.0

P4Y7M6D

Related party transactions<div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">The remuneration of the executive officers and directors, who are the key management personnel of the Company, is set out below:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Salaries</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Share-based compensation</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Fees and benefits</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Post employment benefits</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Total remuneration of key management personnel</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">20.0 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">4.9 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">0.7 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:28.8pt">During the twelve months ended October 31, 2022, the Company paid directors for providing director and consulting services. Total amounts paid to directors in respect of these activities in the period was $0.4 million (2021: $0.3 million, 2020: $0.2 million).</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:28.8pt">Outstanding balances of remunerations of the executive officers and directors are summarized as follows: </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Accounts payable and accrued liabilities</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">2.3</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.8</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.3</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Restricted share units liability</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.2</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Outstanding balances</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">2.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.8</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.5</td></tr></table></div><div style="margin-top:12pt;padding-left:0.28pt"> The following table summarizes the other expenses¹ incurred with related parties:</div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt;text-indent:36pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:22.5pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">2020</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Related party lease and expense - Ashlin BPG Marketing</td><td style="border-top:0.25pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="border-top:0.25pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.25pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="border-top:0.25pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.25pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Related party expense - Fade In Production Pty. Ltd</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Related party expense - Consulero Inc.</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Consulting agreement - Atria Ltd</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Director Consulting Agreement - Anthony Tse</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Total expenses incurred with related parties</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.5 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table></div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt;text-indent:36pt">¹Related party expenses are recorded at exchange amount</div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">Related Party Lease</div><div style="margin-bottom:6pt;padding-left:27pt">From January 1, 2019 to December 31, 2021, the Company leased certain office space from Ashlin BPG Marketing, which is controlled by certain members of the immediate family of the Company’s President and Chief Executive Officer. Under the terms of the lease, the Company was required to pay Cdn. $4,500 per month plus applicable taxes, subject to 60 days’ notice of termination. Li-Cycle terminated the lease, effective December 31, 2021. </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">Related-Party Expenses</div><div style="padding-left:27pt">The Company has engaged Fade In Production Pty. Ltd., which is controlled by certain members of the immediate family of the Executive Chair of Li-Cycle, to provide it with corporate video production services since 2017. </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:0.06pt;padding-left:27pt;text-align:justify">From April 1, 2020 to June 30, 2022, the Company engaged Ashlin BPG Marketing, a related party as described above, to provide it with Li-Cycle branded promotional products for both customers and employees. The Company terminated its relationship with the vendor, effective June 30, 2022.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt;text-align:justify"> </div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:27pt;text-align:justify">From September 1, 2020 to July 31, 2022, the Company engaged Consulero Inc., which is controlled by certain members of the immediate family of the Company's President and Chief Executive Officer, to provide it with technology services in relation to the Company's inventory management system. The Company terminated its relationship with the vendor, effective July 31, 2022.</div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:0.28pt;text-align:justify"> Consulting Agreement </div><div style="margin-bottom:6pt;padding-left:27pt;text-align:justify">On May 1, 2020, Li-Cycle entered into a consulting agreement with Atria Limited (“Atria”), an entity which beneficially owned more than 5% of the outstanding Li-Cycle Corp. common shares at that time, to agree upon and finalize the consideration for certain business development and marketing consulting services that had been previously performed for and on behalf of Li-Cycle from 2018 through April 2020. The fees for the services were agreed at 12,000 common shares of Li-Cycle Corp., payable in installments of 1,000 shares per month. On January 25, 2021, Li-Cycle issued all of the 12,000 shares to Atria as full and final satisfaction of all obligations of Li-Cycle to Atria under the consulting agreement. Atria also directed the issuance of shares as follows: 8,000 Shares to Atria; 2,000 Shares to Pella Ventures (an affiliated company of Atria); and 2,000 Shares to a director of Li-Cycle Corp. at the time, who is not related to Atria.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">Director Consulting Agreement</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:28.8pt">Under the terms of an agreement dated July 19, 2019 between Li-Cycle and Anthony Tse, Mr. Tse provided consulting services to Li-Cycle in relation to the proposed expansion of its operations in Asia and was entitled to a fee of $4,700 per month for his services. The consulting agreement was terminated on January 19, 2022.</div>

<div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">The remuneration of the executive officers and directors, who are the key management personnel of the Company, is set out below:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Salaries</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Share-based compensation</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">13.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Fees and benefits</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Post employment benefits</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Total remuneration of key management personnel</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">20.0 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">4.9 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">0.7 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:28.8pt">Outstanding balances of remunerations of the executive officers and directors are summarized as follows: </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Accounts payable and accrued liabilities</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">2.3</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.8</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.3</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Restricted share units liability</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.2</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Outstanding balances</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">2.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.8</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.5</td></tr></table></div> The following table summarizes the other expenses¹ incurred with related parties:<div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:22.5pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">2020</td></tr><tr><td colspan="3" style="border-top:0.25pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Related party lease and expense - Ashlin BPG Marketing</td><td style="border-top:0.25pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="border-top:0.25pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.25pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="border-top:0.25pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.25pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.25pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.25pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Related party expense - Fade In Production Pty. Ltd</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Related party expense - Consulero Inc.</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Consulting agreement - Atria Ltd</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Director Consulting Agreement - Anthony Tse</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Total expenses incurred with related parties</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.5 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table></div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt;text-indent:36pt">¹Related party expenses are recorded at exchange amount</div>

3500000

1500000

200000

13500000

1900000

100000

2900000 1500000 400000

100000

20000000.0

4900000

700000

400000 300000 200000

2300000

800000

300000

200000

2300000

800000

500000

100000 100000 0 200000 100000 0 100000 100000 0 0 0 500000 0 100000 0

400000

500000

4500 0.05 12000 1000 12000 8000 2000 2000 4700

Accounts payable and accrued liabilities<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:71.642%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Trade payables</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">16.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">9.4 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Accrued fixed assets</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Accrued expenses</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Accrued compensation</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Total accounts payable and accrued liabilities</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">47.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">18.7 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table>

16300000

9400000

7200000

2100000

16300000

4400000

7700000

2800000

47500000

18700000

Lease liabilities<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:58.083%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.507%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">For the year ended October 31,</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Premises</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Equipment</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Lease liabilities</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Balance, beginning of the year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">29.2</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.2</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">29.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Additions</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">28.4</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">0.4</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">28.8</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Lease repayments </td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">(6.9)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Lease interest</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">2.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">2.2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Termination</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">(0.2)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign exchange gains (losses)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.5)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">(1.5)</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Balance, end of the year</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">51.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">51.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Non-current portion of lease liabilities</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">46.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">46.6 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Current lease liabilities</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">5.1 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">5.2 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><div style="margin-bottom:16pt;margin-top:6pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:58.083%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.507%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">For the year ended October 31,</td><td colspan="3" style="padding:0 3.77pt 0 1pt"/><td colspan="3" style="padding:0 3.77pt 0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Premises</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Equipment</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Lease liabilities</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Balance, beginning of the year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">3.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.1</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.6</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Additions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">0.4</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">26.3</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Modifications</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">(0.2)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Lease repayments</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">(1.4)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Lease interest </td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign exchange gains (losses) and other</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.4</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Balance, end of the year</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">29.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">29.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Non-current portion of lease liabilities</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">26.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">26.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Current lease liabilities</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">2.8 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">2.9 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:16pt;margin-top:6pt;padding-left:27pt;text-indent:-0.28pt">In the twelve months ended October 31, 2022, the Company recognized interest expense of $2.2 million related to lease liabilities (2021: $0.4 million, 2020: $0.2 million).</div><div style="margin-bottom:0.06pt;padding-left:27pt;text-indent:-0.28pt">The Company’s lease obligations include leases for plant operations, storage facilities, and office space for employees.</div><div style="margin-bottom:0.06pt;padding-left:0.28pt;text-indent:-0.28pt"> </div><div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:27pt">The following table summarizes the Company's undiscounted lease obligations:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:24.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.444%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.444%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.444%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.444%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.444%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.464%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.446%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:center;vertical-align:middle">Maturity analysis (undiscounted)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31, 2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 1</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 3</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 4</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 5</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Thereafter</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Premises</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.9</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.2</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">6.9</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">6.7</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">6.1</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">41.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">76.1</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Equipment</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">0.5</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">8.0</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">7.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">7.0</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">6.8</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">6.2</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">41.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">76.6</td></tr></table></div><div style="margin-bottom:12pt;margin-top:1pt;padding-left:27pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:23.559%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.954%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.617%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:center;vertical-align:middle">Maturity analysis (undiscounted)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31, 2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 1</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 3</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 4</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 5</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Thereafter</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Premises</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">4.5</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">4.6</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">3.7</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">3.3</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">3.3</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">16.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">35.7</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Equipment</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.2</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">4.6</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">4.7</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.7</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">16.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">35.9</td></tr></table></div> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:58.083%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.507%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">For the year ended October 31,</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Premises</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Equipment</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Lease liabilities</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Balance, beginning of the year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">29.2</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.2</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">29.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Additions</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">28.4</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">0.4</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">28.8</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Lease repayments </td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">(6.9)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Lease interest</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">2.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">2.2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Termination</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">(0.2)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign exchange gains (losses)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1.5)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">(1.5)</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Balance, end of the year</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">51.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">51.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Non-current portion of lease liabilities</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">46.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">46.6 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Current lease liabilities</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">5.1 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">5.2 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:58.083%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.507%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">For the year ended October 31,</td><td colspan="3" style="padding:0 3.77pt 0 1pt"/><td colspan="3" style="padding:0 3.77pt 0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Premises</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Equipment</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Lease liabilities</td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Balance, beginning of the year</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="padding:2px 0;text-align:right;vertical-align:middle">3.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.1</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.6</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Additions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">25.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">0.4</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">26.3</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Modifications</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">(0.2)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Lease repayments</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">(1.4)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Lease interest </td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign exchange gains (losses) and other</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.4</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Balance, end of the year</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">29.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">29.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Non-current portion of lease liabilities</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">26.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">26.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Current lease liabilities</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">2.8 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.1 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">2.9 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table> 29200000 200000 29400000 28400000 400000 28800000 6800000 100000 6900000 2200000 0 2200000 200000 0 200000 -1500000 0 -1500000 51300000 500000 51800000

46200000

400000

46600000

5100000

100000

5200000

3500000 100000 3600000 25900000 400000 26300000 -300000 200000 -100000 -1300000 -100000 -1400000 400000 0 400000 400000 0 400000 29200000 200000 29400000

26400000

100000

26500000

2800000

100000

2900000

2200000

400000

200000

<div style="margin-bottom:6pt;margin-top:0.01pt;padding-left:27pt">The following table summarizes the Company's undiscounted lease obligations:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:24.070%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.444%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.444%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.444%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.444%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.444%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:10.464%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.446%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:center;vertical-align:middle">Maturity analysis (undiscounted)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31, 2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 1</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 3</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 4</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 5</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Thereafter</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Premises</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.9</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.2</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">6.9</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">6.7</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">6.1</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">41.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">76.1</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Equipment</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">0.5</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">8.0</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">7.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">7.0</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">6.8</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">6.2</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">41.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">76.6</td></tr></table></div><div style="margin-bottom:12pt;margin-top:1pt;padding-left:27pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:23.559%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.614%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.954%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.617%"/><td style="width:0.1%"/></tr><tr><td colspan="24" style="padding:2px 1pt;text-align:center;vertical-align:middle">Maturity analysis (undiscounted)</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31, 2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 1</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 2</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 3</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 4</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year 5</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Thereafter</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Premises</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">4.5</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">4.6</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">3.7</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">3.3</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">3.3</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">16.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">35.7</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Equipment</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.2</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">4.6</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">4.7</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.7</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">16.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">35.9</td></tr></table></div>

7900000

7200000

6900000

6700000

6100000

41300000

76100000

100000

500000

8000000.0

7300000

7000000.0

6800000

6200000

41300000

76600000

4500000

4600000

3700000

3300000

16300000

35700000

100000

200000

4600000

4700000

3700000

3300000

16300000

35900000

Convertible Debt<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:71.642%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">KSP Note (a)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">92.4 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">100.9 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Glencore Note (b)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">196.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Total convertible debt at end of period</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">288.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">100.9 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><div style="padding-left:28.8pt">(a) KSP Note</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:71.642%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Principal of convertible note at beginning of period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">100.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of convertible notes</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Principal of convertible notes at end of period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">105.9 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.0 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature at beginning of period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature issued</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value (gain) loss on embedded derivative</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(19.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature at end of period</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component at beginning of period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component issued</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">72.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Transaction costs</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.6)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Accrued interest paid in kind</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Accrued interest expense</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component at end of period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">83.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71.9 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Total convertible debt at end of period</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">92.4 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">100.9 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:6pt;padding-left:28.8pt">On September 29, 2021, the Company entered into a Note Purchase Agreement (the “KSP Note Purchase Agreement”) with Spring Creek Capital, LLC (an affiliate of Koch Strategic Platforms, LLC, being a subsidiary of Koch Investments Group) and issued an unsecured convertible note (the “Initial KSP Note”) for a principal amount of $100 million to Spring Creek Capital, LLC. The KSP Note will mature on September 29, 2026 unless earlier repurchased, redeemed or converted. Interest on the Initial KSP Note is payable semi-annually, and Li-Cycle is permitted to pay interest on the Initial KSP Note in cash or by payment in-kind (“PIK”), at its election. Interest payments made in cash are based on an interest rate of LIBOR plus 5.0% per year, and PIK interest payments are based on an interest rate of LIBOR plus 6.0% per year. Under the terms of the Initial KSP Note, LIBOR has a floor of 1% and a cap of 2%. Once LIBOR interest rate is no longer published, the interest rate will instead be based on the sum of the Secured Overnight Financing Rate ("SOFR") and the average spread between the SOFR and LIBOR during the three-month period ending on the date on which LIBOR ceases to be published. The PIK election results in the issuance of a new note under the same terms as the Initial KSP Note, issued in lieu of interest payments with an issuance date on the applicable interest date. On May 1, 2022, Spring Creek Capital, LLC assigned the KSP Note and the PIK note outstanding at that time to an affiliate, Wood River Capital, LLC. The Company has elected to pay interest on the Initial KSP Convertible note by PIK since the first interest payment date of December 31, 2021. The Initial KSP Note and the PIK notes issued thereunder are referred to collectively as the "KSP Convertible Notes”, and as at October 31, 2022, comprised the following:</div><div style="padding-left:28.8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.750%"><tr><td style="width:1.0%"/><td style="width:44.199%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.250%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.251%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Date Issued</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">Amount Issued</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">KSP Note</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">September 29, 2021</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">100.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">PIK Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">December 31, 2021</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">PIK Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">June 30, 2022</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Total</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:0 1pt"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">105.9 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:6pt;padding-left:28.8pt">Subsequent to year end, on December 31, 2022, the Company elected to pay the accrued interest in kind by issuing a new Note for the amount of $4.3 million under the same terms as the original Note, in lieu of cash payments.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="padding-left:28.8pt">The conversion feature under the KSP Convertible Notes has been recorded as an embedded derivative liability since the conversion ratio does not always result in a conversion of a fixed dollar amount of liability for a fixed number of shares. The KSP Note had an initial conversion price of approximately $13.43 per Li-Cycle common share, subject to customary anti-dilution adjustments, for which price was established based on 125% of the 7-day volume-weighted average price of Li-Cycle’s common shares prior to the date of the KSP Note Purchase Agreement. Should the Company’s share price be equal to or greater than $17.46, for a period of twenty consecutive days, the Company can force conversion of the KSP Convertible Notes. Li-Cycle will settle its conversion obligations through the delivery of its own common shares. As at October 31, 2022, no conversions had taken place.</div><div style="padding-left:27pt">The fair value of the embedded derivatives upon issuance of the original KSP Note was determined to be a liability of $27.7 million whereas the remaining $72.3 million, net of transaction costs of $1.6 million, was allocated to the principal portion of the debt. During the twelve months ended October 31, 2022, the Company recognized a fair value gain of $19.9 million on the embedded derivatives. The embedded derivatives were valued using the Binomial Option Pricing Model. The assumptions used in the model were as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;text-indent:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.429%"><tr><td style="width:1.0%"/><td style="width:30.975%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.543%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">(Issuance date) September 29, 2021 </td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">October 31, 2021</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">October 31, 2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Risk free interest rate</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">1.1%</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">1.2%</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">4.4%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Expected life of options</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">5 years</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">4.9 years</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">3.9 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Expected dividend yield</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">0.0%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">0.0%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">0.0%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Expected stock price volatility</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">66%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">62%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">63%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Share Price</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$12.56</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$12.94</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$5.96</td></tr></table></div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">Expected volatility was determined by calculating the average implied volatility of a group of listed entities that are considered similar in nature to the Company. </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:6pt;padding-left:27pt">(b) Glencore Note</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt;text-indent:26.99pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:71.642%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Principal of convertible note at beginning of period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of convertible note</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">200.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Principal of convertible note at end of period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">200.0 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature at beginning of period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature issued</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value (gain) loss on embedded derivative</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(11.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion into common shares</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature at end of period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">34.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component at beginning of period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component issued</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">153.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Transaction costs</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Accrued interest expense</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component at end of period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">161.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Total convertible debt at end of period</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">196.1 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="padding-left:28.8pt">On May 31, 2022, the Company issued an unsecured convertible note (the “Glencore Note”) for a principal amount of $200 million to Glencore Ltd. (“Glencore”), a subsidiary of Glencore plc (LON: GLEN). The Glencore Note will mature on May 31, 2027 unless there is an earlier repurchase, redemption or conversion. Interest on the Glencore Note is payable semi-annually, with Li-Cycle permitted to pay interest on the Glencore Note in cash or by payment in-kind (“PIK”), at its election. Interest payments made in cash are based on an interest rate of the Secured Overnight Financing Rate ("SOFR") for a tenor comparable to the relevant interest payment period plus 0.42826% (the “Floating Rate”) plus 5% per annum if interest is paid in cash and plus 6% per annum if interest is paid in PIK. The Floating Rate has a floor of 1% and a cap of 2%. The PIK election results in the issuance of a new note under the same terms as the original Glencore Note, issued in lieu of interest payments with an issuance date on the applicable interest date. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:28.8pt">In connection with any optional redemption and provided that Glencore has not elected to convert the Glencore Note into common shares, the Company must issue warrants (the “Glencore Warrants”) to Glencore on the optional redemption date that entitle the holder to acquire, until the maturity date of the Glencore Note, a number of common shares equal to the principal amount of the Glencore Note being redeemed divided by the then applicable conversion price. The initial exercise price of the Glencore Warrants will be equal to the conversion price as of the optional redemption date. </div><div style="margin-bottom:0.01pt;padding-left:27pt">Subsequent to year end, on November 30, 2022, the Company elected to pay the accrued interest in kind by issuing a new Note for the amount of $8.1 million under the same terms as the original Note, in lieu of cash payments.</div><div style="margin-bottom:0.01pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt">The conversion feature under the Glencore Note has been recorded as an embedded derivative liability as the conversion ratio does not always result in a conversion of a fixed dollar amount of liability for a fixed number of shares. The Glencore Note has a conversion price of approximately $9.95 per Li-Cycle common share, subject to customary anti-dilution adjustments. As at October 31, 2022, no election had been made as to whether interest payments would be made in cash or PIK.</div><div style="margin-bottom:0.01pt;padding-left:27pt"> </div><div style="margin-bottom:0.01pt;padding-left:27pt">The fair value of the embedded derivative liability upon issuance of the Glencore Note was determined to be $46.2 million with the remaining $153.8 million, net of transaction costs of $1.3 million, allocated to the initial amortized cost of the host debt instrument. During the twelve months ended October 31, 2022, the Company recognized a fair value gain of $11.4 million on the embedded derivatives. The embedded derivatives were valued using the Black-Scholes Option Pricing Model. The assumptions used in the model were as follows:</div><div style="margin-bottom:0.01pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:44.385%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.157%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.158%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">(Issuance date) May 31, 2022</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">October 31, 2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top">Risk free interest rate</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top">2.9%</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:top">4.4%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Expected life of options</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">5 years</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">4.6 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Expected dividend yield</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">0.0%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">0.0%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Expected stock price volatility</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">68%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">63%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Share Price</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$8.15</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$5.96</td></tr></table></div><div style="margin-bottom:0.01pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.06pt;padding-left:27pt">Expected volatility was determined by calculating the average implied volatility of a group of listed entities that are considered similar in nature to the Company.</div>

<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:71.642%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">KSP Note (a)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">92.4 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">100.9 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Glencore Note (b)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">196.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Total convertible debt at end of period</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">288.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">100.9 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table><div style="padding-left:28.8pt">(a) KSP Note</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:71.642%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Principal of convertible note at beginning of period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">100.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of convertible notes</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Principal of convertible notes at end of period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">105.9 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">100.0 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature at beginning of period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature issued</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">27.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value (gain) loss on embedded derivative</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(19.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature at end of period</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component at beginning of period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component issued</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">72.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Transaction costs</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.6)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Accrued interest paid in kind</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(5.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Accrued interest expense</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component at end of period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">83.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">71.9 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Total convertible debt at end of period</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">92.4 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">100.9 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr></table></div>The Initial KSP Note and the PIK notes issued thereunder are referred to collectively as the "KSP Convertible Notes”, and as at October 31, 2022, comprised the following:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.750%"><tr><td style="width:1.0%"/><td style="width:44.199%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.250%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.251%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Date Issued</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">Amount Issued</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">KSP Note</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">September 29, 2021</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">100.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">PIK Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">December 31, 2021</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">1.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">PIK Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">June 30, 2022</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Total</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:0 1pt"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">105.9 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table><div style="margin-bottom:6pt;padding-left:27pt">(b) Glencore Note</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt;text-indent:26.99pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:71.642%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Principal of convertible note at beginning of period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of convertible note</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">200.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Principal of convertible note at end of period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">200.0 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature at beginning of period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature issued</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">46.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value (gain) loss on embedded derivative</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(11.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion into common shares</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature at end of period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">34.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component at beginning of period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component issued</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">153.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Transaction costs</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Accrued interest expense</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component at end of period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">161.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Total convertible debt at end of period</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">196.1 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="display:none"/></tr></table></div> 92400000 100900000 196100000 0 288500000 100900000 100000000.0 0 5900000 100000000.0 105900000 100000000.0 29000000.0 0

27700000

19900000

-1300000

9100000 29000000.0 71900000 0 5900000 72300000

1600000

-5900000 0

11400000

1200000

83300000 71900000 92400000 100900000

100000000

0.05

0.06 0.01 0.02 100000000.0 1800000 4100000 105900000

4300000

13.43 1.25 17.46

27700000

72300000

1600000

19900000

The assumptions used in the model were as follows:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.429%"><tr><td style="width:1.0%"/><td style="width:30.975%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:21.543%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">(Issuance date) September 29, 2021 </td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">October 31, 2021</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">October 31, 2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Risk free interest rate</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">1.1%</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">1.2%</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">4.4%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Expected life of options</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">5 years</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">4.9 years</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">3.9 years</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Expected dividend yield</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">0.0%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">0.0%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">0.0%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Expected stock price volatility</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">66%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">62%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">63%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Share Price</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$12.56</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$12.94</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$5.96</td></tr></table>

1.1

1.2

4.4

4.9

3.9

0.66

0.62

0.63

12.56

12.94

5.96

0 0 200000000.0 0 200000000.0 0 0 0

46200000

11400000

34800000 0 0 0 153800000 0

1300000

8800000

161300000 0 196100000 0

200000000

0.0042826

0.05

0.06 0.01 0.02

8100000

9.95

46200000

153800000

1300000

11400000

2.9

4.4

4.6

0.68

0.63

8.15

5.96

Warrants<div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt">In connection with the completion of the Business Combination on August 10, 2021, the Company assumed obligation for Peridot Acquisition Corp.’s warrants to purchase up to 23,000,000 common shares at their fair market value of $2.10 per share for a total acquired liability of $48.3 million. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt">The total number of warrants was made up of 15,000,000 Public Placement Warrants ("Public Warrants") and 8,000,000 Private Placement Warrants ("Private Warrants"). All of the warrants had a 5-year term, expiring on September 24, 2025. The Public Warrants had an exercise price of $11.50 per share, with a redemption price of $0.10 per warrant if the Company's share price exceeded $10.00, on a cashless basis. If the Company's share price exceeded $18.00 for any 20 trading days within the 30 trading day period ending three trading days before the Company elected to deliver a notice of redemption, the redemption price was $0.01 on a cash basis. The Private Warrants had an exercise price of $11.50 per share, redeemable only at such time that the share price of the Company was between $10.00 and $18.00, at $0.10 per warrant. The Private Warrants were not transferable until 30 days after the close of the Business Combination, which was September 9, 2021.</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.01pt;padding-left:27pt">On December 27, 2021, the Company announced that it would redeem all of its warrants to purchase common shares of the Company that remained outstanding at 5:00 p.m. New York City time on January 26, 2022 (the "Redemption Date") for a redemption price of $0.10 per warrant. Based on the redemption fair market value that was announced on January 11, 2022, warrant holders who surrendered their warrants on a "Make-Whole Exercise" prior to the Redemption Date received 0.253 common shares of the Company per warrant. As of January 31, 2022, (i) 9,678 warrants were exercised at the exercise price of $11.50 per common share, and (ii) 22,540,651 warrants were surrendered by holders in the Make-Whole Exercise. The remaining 449,665 unexercised warrants were redeemed at $0.10 per warrant.</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:28.8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.269%"><tr><td style="width:1.0%"/><td style="width:45.463%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.161%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.958%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.958%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.960%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the year ended October 31, </td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Number of warrants</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Number of warrants</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,999,894 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">82.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Assumption of warrants - Business Combination (refer to Note 1)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,999,994 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">48.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Cash exercises</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,578)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(100)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Cashless exercises</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(22,540,651)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(45.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Redemptions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(449,665)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value (gain) loss on warrants</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(36.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">33.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, end of the year</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,999,894 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">82.1 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:28.8pt"> </div><div style="padding-left:28.8pt">Warrants were re-measured through profit or loss at each period end, using first level inputs. As of October 31, 2022, there are no warrants outstanding.</div> 23000000 2.1

48300000

15000000 8000000 P5Y 11.5 0.1 10 18 20 30 0.01 11.5 10 18 0.1 0.1 0.253 -9678 11.5 22540651 449665 0.1 <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.269%"><tr><td style="width:1.0%"/><td style="width:45.463%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.161%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.958%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.958%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:11.960%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the year ended October 31, </td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Number of warrants</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Number of warrants</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,999,894 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">82.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Assumption of warrants - Business Combination (refer to Note 1)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,999,994 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">48.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Cash exercises</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(9,578)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(100)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Cashless exercises</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(22,540,651)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(45.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Redemptions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(449,665)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value (gain) loss on warrants</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(36.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">33.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, end of the year</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">22,999,894 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">82.1 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table> 22999894

82100000

22999994

48300000

-9578 0 -100 0 -22540651 -45900000 0 0 -449665 0 0 0 -36200000 33800000 0

22999894

82100000

Share capital and share-based compensation<div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt">Authorized share capital</div><div style="padding-left:27pt">Li-Cycle Corp. is authorized to issue an unlimited number of voting common shares, Class A non-voting common shares, preference shares and Class A preferred shares, in each case without par value. All issued shares are fully paid. Li-Cycle Holdings Corp. is authorized to issue an unlimited number of voting common shares without par value. All issued shares are fully paid.</div><div style="padding-left:28.8pt"> </div><div style="padding-left:27pt">For retrospective presentation, the number of Li-Cycle Corp. common shares and Class A preferred shares on the consolidated statements of changes in equity have been scaled by the Business Combination exchange ratio of 1:39.91 for periods prior to the completion of the Business Combination on August 10, 2021.</div><div style="padding-left:27pt"> </div><div style="padding-left:27pt">The changes in the Company’s outstanding common shares were as follows:</div><div style="padding-left:27pt"> </div><div style="padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.750%"><tr><td style="width:1.0%"/><td style="width:31.891%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.412%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.156%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.412%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.988%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">For the years ended October 31,</td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">Note</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">Number of shares (in millions)</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">Capital Stock</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">Number of shares (in millions)</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">Capital Stock</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of period</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">163.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">672.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">83.4 </td><td style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">15.5 </td><td style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of shares - Series C private placement</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">11.2 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">21.6 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of shares for non-cash costs</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.5 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.5 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of shares - Public placement through Business Combination</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">65.7 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">629.7 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Exercise of RSUs</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.4 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.9 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Exercise of stock options</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2.1 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.9 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Exercise of warrants</td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom">14</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">46.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of shares to LG Energy Solution, Ltd. and LG Chem, Ltd.</td><td colspan="3" style="padding:0 1pt 0 3.77pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">49.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, end of period</td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">176.0 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">771.8 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">163.3 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">672.1 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:27pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.18pt;padding-left:28.8pt">On May 12, 2022, the Company announced the successful completion of the $50 million aggregate investment in common shares of the Company by LG Energy Solution, Ltd. (“LGES”) and LG Chem, Ltd. (“LGC”). The Company issued 5,300,352 shares at an average price of $9.43 per common shares to LGES and LGC (being 2,650,176 common shares each). The investment was split into two tranches: (i) an initial tranche of 4,416,960 common shares, in the aggregate, at a price of $10.00 per share (for an aggregate initial tranche subscription price of approximately $44.2 million), and (ii) a second tranche of 883,392 common shares, in the aggregate, at a price of $6.60 per share (for an aggregate second tranche subscription price of approximately $5.8 million). The total cash inflow, net of transaction costs, was $49.7 million.</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:28.8pt">Long-term incentive plans</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">Stock options</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:28.8pt">For stock options issued under the Company's 2021 Long Term-Incentive Plan ("LTIP plan"), each of the Company's stock options converts into one common share of the Company on exercise. No amounts are paid or payable by the recipient on receipt of the option. The options carry neither rights to dividends nor voting rights. The vesting period is one-third on the first-year anniversary of the grant of the option, and one-third every consecutive year thereafter. If an option remains unexercised after a period of 10 years from the date of grant, the option expires. Options are forfeited if the recipient terminates their employment or contract with the Company before the options vest.</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">A summary of stock option activities is as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:32.913%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.335%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.478%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.335%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.439%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">$ millions, except number of options</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">Number of stock options</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">Weighted average exercise price of stock options</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">Number of stock options</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">Weighted average exercise price of stock options</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,296,554 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.81 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,327,980 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:bottom">0.38</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Granted</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">763,829 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7.81 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,320,989 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">6.13</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Exercised</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,547,113)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.46 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,172,820)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">0.62</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Forfeited</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,619)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10.93 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(179,595)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1.06</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,510,651 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4.46 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,296,554 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2.81</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Exercisable stock options</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,253,287 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.70 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,242,707 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">0.79</td></tr></table></div><div style="padding-left:28.8pt"> </div><div style="padding-left:28.8pt">During the twelve months ended October 31, 2022, 1,547,113 stock options were exercised on a cashless basis (2021: 1,148,570), resulting in the issuance of 1,446,697 common shares (2021: 1,031,226) of Li-Cycle Holdings Corp., net of stock option issuance costs. </div><div style="padding-left:28.8pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">A summary of the outstanding stock options is as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.352%"><tr><td style="width:1.0%"/><td style="width:45.118%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.345%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.790%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.347%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Range of exercise prices</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Number of stock options </td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Weighted-average remaining contractual life (years)</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom">Expiration year</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div>0.02 - 0.37</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,268,220</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">1.24</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom">2023-2024</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div>1.07 - 2.15</div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,033,029</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">7.72</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2029-2030</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div>2.15 - 13.20</div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,209,402</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8.87</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2031-2032</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">4,510,651</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"/></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:21.75pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:28.8pt">The Company recognized total expenses of $6.6 million related to stock options during the twelve months ended October 31, 2022 (2021: $2.7 million, 2020: $0.2 million).</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:12pt;margin-top:1pt;padding-left:28.8pt">The fair value of the stock options granted during the twelve months ended October 31, 2022 was determined to be $3.7 million (2021: $8.3 million, 2020: $0.9 million), using the Black-Scholes Merton option pricing model. The assumptions used in the stock option pricing model for the grants during the year ended October 31, 2022 were as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:53.321%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:44.479%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Risk free interest rate</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div>1.4% - 3.6%</div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Expected life of options</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div>6 years</div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Expected dividend yield</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">0.0%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Expected stock price volatility</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div>63% - 70%</div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Expected forfeiture rate</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">0.0%</td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table></div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">Expected volatility was determined by calculating the average historical volatility of a group of listed entities that are considered similar in nature to the Company. </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">Restricted share units</div><div style="margin-top:1pt;padding-left:28.8pt">Under the terms of the Company's LTIP plan, restricted share units ("RSUs") of Li-Cycle Holdings Corp. have been issued to executives, directors, employees and advisors. The RSU vesting periods ranged from several months to 3 years. The RSUs represent the right to receive </div><div style="margin-top:1pt;padding-left:28.8pt">common shares from the Company in an amount equal to the fair market value of a common share of Li-Cycle Holdings Corp. at the time of distribution. RSUs issued under the LTIP plan are expected to be settled in common shares. RSUs issued under the LTIP plan are classified as equity on the consolidated statements of financial position.</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:28.8pt">The Company recognized share-based compensation expense relating to RSUs totaling $11.5 million in the twelve months ended October 31, 2022 (2021: $1.3 million, 2020:$0.1 million).</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:0.06pt;margin-top:1pt;padding-left:28.8pt">A summary of RSU activities is as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:30.756%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.342%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.346%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"> For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">$ millions, except number of RSUs </td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Number of RSUs</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom">Weighted average share price on grant date</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Number of RSUs</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">Weighted average share price on grant date </td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Balance, beginning of the year</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:middle">716,763</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:middle">10.93</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:middle">87,084</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:bottom">1.07</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Granted¹</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,703,966</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8.38</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,021,955</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8.29</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Exercised</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(317,619)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">11.22</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(392,276)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1.87</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Forfeited</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(55,073)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">9.98</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Balance, end of the year</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2,048,037</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">8.79</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">716,763</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">10.93</td></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;text-indent:27pt">¹Grants prior to August 10, 2021 were issued prior to the Company becoming public.</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:28.8pt">RSUs granted in the twelve months ended October 31, 2022 vest over 1 to 3 years.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="padding-left:28.8pt">For the twelve months ended October 31, 2022, the Company capitalized $0.6 million in RSU and stock option costs to assets under construction (2021: $nil).</div>

39.91 <div style="padding-left:27pt">The changes in the Company’s outstanding common shares were as follows:</div><div style="padding-left:27pt"> </div><div style="padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.750%"><tr><td style="width:1.0%"/><td style="width:31.891%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:4.541%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.412%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.156%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.412%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:8.988%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">For the years ended October 31,</td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">Note</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">Number of shares (in millions)</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">Capital Stock</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">Number of shares (in millions)</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:top">Capital Stock</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of period</td><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">163.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">672.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">83.4 </td><td style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">15.5 </td><td style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of shares - Series C private placement</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">11.2 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">21.6 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of shares for non-cash costs</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.5 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.5 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of shares - Public placement through Business Combination</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">65.7 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">629.7 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Exercise of RSUs</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.4 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.9 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Exercise of stock options</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2.1 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.9 </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Exercise of warrants</td><td colspan="3" style="padding:2px 1pt 2px 3.77pt;text-align:left;vertical-align:bottom">14</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">46.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Issuance of shares to LG Energy Solution, Ltd. and LG Chem, Ltd.</td><td colspan="3" style="padding:0 1pt 0 3.77pt"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">49.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, end of period</td><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">176.0 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">771.8 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">163.3 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">672.1 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>

163300000

672100000

83400000

15500000

11200000

21600000

500000 500000

65700000

629700000

300000

3600000

400000

3900000

1400000

400000

2100000

900000

5700000 46000000.0

5300000

49700000

176000000.0

771800000

163300000

672100000

50000000

5300352

9.43

2650176

4416960

44200000

883392

6.6

5800000 49700000 P10Y

<div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">A summary of stock option activities is as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:32.913%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.335%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.478%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.335%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:17.439%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">$ millions, except number of options</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">Number of stock options</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">Weighted average exercise price of stock options</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">Number of stock options</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">Weighted average exercise price of stock options</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of the year</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5,296,554 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.81 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,327,980 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:bottom">0.38</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Granted</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">763,829 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7.81 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">2,320,989 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">6.13</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Exercised</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,547,113)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.46 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,172,820)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">0.62</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt 2px 13pt;text-align:left;vertical-align:middle">Forfeited</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2,619)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10.93 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(179,595)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1.06</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Balance, end of the year</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,510,651 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4.46 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,296,554 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2.81</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Exercisable stock options</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3,253,287 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.70 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,242,707 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">0.79</td></tr></table></div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">A summary of the outstanding stock options is as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:95.352%"><tr><td style="width:1.0%"/><td style="width:45.118%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.345%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.790%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.347%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Range of exercise prices</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Number of stock options </td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Weighted-average remaining contractual life (years)</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom">Expiration year</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div>0.02 - 0.37</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,268,220</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">1.24</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom">2023-2024</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div>1.07 - 2.15</div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,033,029</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">7.72</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2029-2030</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div>2.15 - 13.20</div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,209,402</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8.87</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2031-2032</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">4,510,651</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"/></tr></table></div>

5296554

2.81

5327980

0.38

763829

7.81

2320989

6.13

1547113

0.46

2172820

0.62

2619

10.93

179595

1.06

4510651

4.46

5296554

2.81

3253287

2.70

4242707

0.79

1547113

1148570

1446697

1031226

0.02

0.37

1268220

1.07

2.15

1033029

2.15

13.2

2209402

4510651

6600000

2700000

-200000

3700000 8300000 900000

The assumptions used in the stock option pricing model for the grants during the year ended October 31, 2022 were as follows:<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:53.321%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:44.479%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Risk free interest rate</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div>1.4% - 3.6%</div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Expected life of options</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top"><div>6 years</div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Expected dividend yield</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">0.0%</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Expected stock price volatility</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div>63% - 70%</div></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Expected forfeiture rate</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">0.0%</td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr></table>

0.014

0.036

0.63

0.70

0 P3Y

11500000

1300000

100000

<div style="margin-bottom:0.06pt;margin-top:1pt;padding-left:28.8pt">A summary of RSU activities is as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:30.756%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.342%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:19.346%"/><td style="width:0.1%"/></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom"> For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">$ millions, except number of RSUs </td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Number of RSUs</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom">Weighted average share price on grant date</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Number of RSUs</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">Weighted average share price on grant date </td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Balance, beginning of the year</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:middle">716,763</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:middle">10.93</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:middle">87,084</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:bottom">1.07</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Granted¹</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,703,966</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">8.38</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,021,955</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8.29</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Exercised</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(317,619)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">11.22</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(392,276)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">1.87</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Forfeited</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(55,073)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">9.98</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Balance, end of the year</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2,048,037</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">8.79</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">716,763</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">10.93</td></tr></table></div>

716763

10.93

87084

1.07

1703966

8.38

1021955

8.29

317619

11.22

392276

1.87

55073

9.98

2048037

8.79

716763

10.93

P1Y P3Y 600000 0 0

Non-controlling interest<div style="padding-left:28.8pt">On January 26, 2022, the Company entered into an 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.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">Summarized financial information for Li-Cycle Norway AS is as follows:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.910%"><tr><td style="width:1.0%"/><td style="width:62.551%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:35.249%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the year ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of year</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Investment to non-controlling interest</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Loss attributable to non-controlling interest during the year</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, end of year</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.2 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:62.675%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:35.125%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Revenue</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Expenses</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Net loss</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.4)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Net loss attributable to non-controlling interest</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">(0.1)</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>

0.67

0.31

0.02

<div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">Summarized financial information for Li-Cycle Norway AS is as follows:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.910%"><tr><td style="width:1.0%"/><td style="width:62.551%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:35.249%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">For the year ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of year</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Investment to non-controlling interest</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Loss attributable to non-controlling interest during the year</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, end of year</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.2 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:62.675%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:35.125%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">As at October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Revenue</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Expenses</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Net loss</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.4)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Net loss attributable to non-controlling interest</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">(0.1)</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>

300000

-100000

200000

0 -400000 -400000

-100000

Financial instruments and financial risk factors<div style="margin-bottom:6pt;margin-top:6pt;padding-left:28.8pt">Fair values </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">The Company’s financial instruments consist of cash equivalents, accounts receivable, other receivables, accounts payable and accrued liabilities, and convertible debt. The carrying amounts of other receivables, accounts payable and accrued liabilities approximate fair value due to the short-term maturity of these instruments.</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:28.8pt">Fair value hierarchy levels 1 to 3 are based on the degree to which the fair value is observable:</div><div style="padding-left:64.8pt;text-indent:-18pt">•Level 1 fair value measurements are those derived from quoted prices (unadjusted) in active markets for identical assets or liabilities;</div><div style="padding-left:64.8pt;text-indent:-18pt">•Level 2 fair value measurements are those derived from inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly (i.e., as prices) or indirectly (i.e., derived from prices); and</div><div style="margin-bottom:8pt;padding-left:64.8pt;text-indent:-18pt">•Level 3 fair value measurements are those derived from valuation techniques that include inputs for the asset or liability that are not based on observable market data (unobservable inputs).</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">There were no transfers between the levels during the current or prior year.</div><div style="padding-left:28.8pt">The Company’s financial assets measured at fair value on a recurring basis are measured under level 2 of the hierarchy and were calculated as follows:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:44.478%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.110%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:26.112%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div>As at October 31, 2022</div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance</td><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Level 2</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 15.77pt;text-align:left;vertical-align:middle">Accounts receivable</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.5</td><td colspan="3" style="display:none"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.5</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.5</td><td colspan="3" style="display:none"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.5</td><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div>As at October 31, 2021</div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 15.77pt;text-align:left;vertical-align:middle">Accounts receivable</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">4.1</td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">4.1</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:0 1pt"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">4.1</td><td colspan="3" style="display:none"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">4.1</td><td colspan="3" style="display:none"/></tr></table></div><div style="margin-top:1pt;padding-left:28.8pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">Refer to Note 5 above for additional details related to measurement of accounts receivable. </div><div style="padding-left:27pt">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:</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:25.15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.551%"><tr><td style="width:1.0%"/><td style="width:58.222%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.459%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.459%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.460%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div>As at October 31, 2022</div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Level 1</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Level 2</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 15.77pt;text-align:left;vertical-align:middle">Conversion feature of convertible debt (refer to Note 13)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">43.9</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">—</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">43.9</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td style="border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">43.9</td><td style="border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">—</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">43.9</td><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div>As at October 31, 2021</div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 15.77pt;text-align:left;vertical-align:middle">Conversion feature of convertible debt (refer to Note 13)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">29.0</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">—</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">29.0</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 15.77pt;text-align:left;vertical-align:middle">Warrants (refer to Note 14)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">82.1</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">53.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">28.6</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:0 1pt"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">111.1</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">53.5</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">57.6</td><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:6pt;margin-top:16pt;padding-left:0.28pt"> Currency risk</div><div style="padding-left:28.8pt">The Company is exposed to currency risk as its cash is mainly denominated in U.S. dollars, while its operations also require Canadian dollars, Euros, Swiss Francs and certain other currencies. As at October 31, 2022, the impact of a 5% change in these respective currencies versus the U.S. dollar, would result in an immaterial impact.</div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:0.28pt"> Interest rate risk </div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:28.8pt">Interest rate risk is the risk arising from the effect of changes in prevailing interest rates on the Company’s financial instruments. The Company is exposed to interest rate risk, as it has variable interest rate debt that includes an interest rate floor and cap. Refer to Note 13.</div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:27pt">Credit risk</div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:0.28pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">Credit risks associated with cash are minimal as the Company deposits the majority of its cash with large Canadian and U.S. financial institutions. The Company’s credit risks associated with receivables are managed and exposure to potential loss is also assessed as minimal. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt">The Company's revenue and accounts receivable primarily come from two key customers under long-term contracts. The Company manages this risk by engaging with reputable multi-national corporations in stable jurisdictions and performing a review of a potential customer’s financial health prior to engaging in business. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:27pt">Liquidity risk</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt">Management has established an appropriate liquidity risk management framework for the management of the Company’s short-term, medium and long-term funding and liquidity requirements. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">The Corporation’s significant contractual obligations and interest and principal repayments in respect of its financial liabilities and provisions are presented in the following table: </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt;text-indent:26.99pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:30.756%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.532%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">At October 31, </td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Less than 1 year</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">1 - 3 years</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">3 - 5 years</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">More than 5 years</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Accounts payable and accrued liabilities</td><td colspan="3" style="display:none"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">47.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">47.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Lease liabilities</td><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">76.6</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8.0</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">14.3</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">13.0</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">41.3</td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Restoration</td><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">0.4</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">0.2</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">0.2</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Convertible debt principal</td><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">300.0</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">300.0</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Convertible debt interest</td><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">146.1</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">146.1</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="display:none"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">570.6 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">55.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">14.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">459.1 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">41.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;text-indent:26.99pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;text-indent:26.99pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:30.872%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.508%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">At October 31,</td><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">Less than 1 year</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">1 - 3 years</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">3 - 5 years</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">More than 5 years</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Accounts payable and accrued liabilities</td><td colspan="3" style="display:none"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">18.7 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">18.7 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Lease liabilities</td><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">35.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">16.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Restoration</td><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Convertible debt principal</td><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">100.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">100.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Convertible debt interest</td><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">42.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">42.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Total</td><td colspan="3" style="display:none"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">197.7 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">23.2 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">8.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">149.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">16.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div><div style="padding-left:27pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:27pt">Market risk</div><div style="padding-left:27pt"> </div><div style="padding-left:27pt">The Company is exposed to commodity price movements for the inventory it holds and the products it produces. Commodity price risk management activities are currently limited to monitoring market prices. The Company’s revenues are sensitive to the market prices of the constituent payable metals contained in its products, notably cobalt and nickel.</div><div style="padding-left:27pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">The following table sets out the Company's exposure, as at October 31, 2022 and 2021, in relation to the impact of movements in the Cobalt and Nickel price for the provisionally invoiced sales volume:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:44.385%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.531%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Cobalt</td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Nickel</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">As at October 31,</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Metric tonnes subject to fair value pricing adjustments</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,202</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">1,728</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,202</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">1,728</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">10% increase in prices</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.1</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">0.3</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.0</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">0.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">10% decrease in prices</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(1.1)</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(0.3)</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(1.0)</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(0.4)</td></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;text-indent:36pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt">The following table sets out the period end commodity prices for Cobalt and Nickel as at October 31, 2022 and 2021:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:31.5pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.269%"><tr><td style="width:1.0%"/><td style="width:43.917%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.906%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.877%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:36pt;vertical-align:top">Market price per tonne</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">As at October 31,</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cobalt</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">53,462</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">60,407</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Nickel</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:36pt;vertical-align:top">21,710</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:36pt;vertical-align:top">19,300</td></tr></table></div><div style="margin-bottom:6pt;margin-top:12pt;padding-left:18pt;text-indent:9pt">Capital risk management</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:27pt">The Company manages its capital to ensure that entities in the Company will be able to continue as a going concern while maximizing the return to shareholders through the optimization of the debt and equity balance. </div>The capital structure of the Company consists of net cash (cash and cash equivalents after deducting convertible debt) and equity of the Company (comprising issued share capital and other reserves as disclosed in Note 15).The Company is not subject to any externally imposed capital requirements.

<div style="padding-left:28.8pt">The Company’s financial assets measured at fair value on a recurring basis are measured under level 2 of the hierarchy and were calculated as follows:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:44.478%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.110%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:26.112%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div>As at October 31, 2022</div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance</td><td colspan="3" style="display:none"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Level 2</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 15.77pt;text-align:left;vertical-align:middle">Accounts receivable</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.5</td><td colspan="3" style="display:none"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.5</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.5</td><td colspan="3" style="display:none"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.5</td><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div>As at October 31, 2021</div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 15.77pt;text-align:left;vertical-align:middle">Accounts receivable</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">4.1</td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">4.1</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:0 1pt"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">4.1</td><td colspan="3" style="display:none"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">4.1</td><td colspan="3" style="display:none"/></tr></table></div>

1500000

4100000

<div style="padding-left:27pt">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:</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:25.15pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.551%"><tr><td style="width:1.0%"/><td style="width:58.222%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.459%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.459%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.460%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div>As at October 31, 2022</div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Balance</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Level 1</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Level 2</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 15.77pt;text-align:left;vertical-align:middle">Conversion feature of convertible debt (refer to Note 13)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">43.9</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">—</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">43.9</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td style="border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">43.9</td><td style="border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">—</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">43.9</td><td colspan="3" style="display:none"/></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom"><div>As at October 31, 2021</div></td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 15.77pt;text-align:left;vertical-align:middle">Conversion feature of convertible debt (refer to Note 13)</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">29.0</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">—</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">29.0</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt 2px 15.77pt;text-align:left;vertical-align:middle">Warrants (refer to Note 14)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">82.1</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">53.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">28.6</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:0 1pt"/><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">111.1</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">53.5</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">57.6</td><td colspan="3" style="display:none"/></tr></table></div>

43900000

29000000.0

82100000

53500000

28600000

111100000

53500000

57600000

0.05

47500000

76600000

8000000.0

14300000

13000000.0

41300000

400000

200000

146100000

570600000

55500000

14500000

459100000

41500000

18700000

35900000

4500000

8400000

6700000

16300000

400000

100000

200000

100000000.0

42700000

197700000

23200000

8500000

149500000

16500000

<div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">The following table sets out the Company's exposure, as at October 31, 2022 and 2021, in relation to the impact of movements in the Cobalt and Nickel price for the provisionally invoiced sales volume:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:44.385%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.531%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Cobalt</td><td colspan="6" style="padding:2px 1pt;text-align:center;vertical-align:bottom">Nickel</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">As at October 31,</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Metric tonnes subject to fair value pricing adjustments</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,202</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">1,728</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,202</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">1,728</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">10% increase in prices</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.1</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">0.3</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.0</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">0.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">10% decrease in prices</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(1.1)</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(0.3)</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(1.0)</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(0.4)</td></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;text-indent:36pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt">The following table sets out the period end commodity prices for Cobalt and Nickel as at October 31, 2022 and 2021:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:31.5pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.269%"><tr><td style="width:1.0%"/><td style="width:43.917%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:26.906%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:25.877%"/><td style="width:0.1%"/></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:center;text-indent:36pt;vertical-align:top">Market price per tonne</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">As at October 31,</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:top">2021</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cobalt</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">53,462</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">60,407</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Nickel</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:36pt;vertical-align:top">21,710</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:36pt;vertical-align:top">19,300</td></tr></table></div> 4202 1728 4202 1728 1100000 300000 1000000.0 400000 -1100000 -300000 -1000000.0 -400000 53462 60407 21710 19300

Commitments and contingencies<div style="margin-bottom:6pt;margin-top:6pt;padding-left:28.8pt">As of October 31, 2022, there were $9.2 million in committed purchase orders or agreements for equipment and services (October 31, 2021: $6.9 million). </div><div style="padding-left:28.8pt">Legal Proceedings</div><div style="padding-left:28.8pt"> </div><div style="padding-left:28.8pt">The Company is and may be subject to various claims and legal proceedings in the ordinary course of its business. Due to the inherent risks and uncertainties of the litigation process, we cannot predict the final outcome or timing of claims or legal proceedings. The Company records provisions for such claims when an outflow of resources is considered probable and a reliable estimate can be made. No such provisions have been recorded by the Company. </div><div> </div><div style="padding-left:28.8pt">U.S. Shareholder Class Action</div><div> </div><div style="padding-left:28.8pt">On April 19, 2022, a putative securities class action lawsuit was filed in the U.S. District Court for the Eastern District of New York against the Company, its CEO, and its former CFO, on behalf of a proposed class of purchasers of the Company’s publicly traded securities during the period from February 16, 2021 through March 23, 2022. The complaint, which is captioned as Barnish v. Li-Cycle Holdings Corp., et al., 1:22-cv-02222 (E.D.N.Y.), alleges that the defendants issued false and misleading statements concerning Li-Cycle’s business, which were revealed when Blue Orca Capital published a short seller report on March 24, 2022. The complaint seeks compensatory damages and an award of costs. The original complaint asserted claims under Sections 10(b) and 20(a) of the U.S. Securities Exchange Act of 1934 (the “Exchange Act”). On July 22, 2022, the court appointed The Lanigan Group, Inc. as lead plaintiff. On October 11, 2022, the lead plaintiff filed an amended complaint asserting claims pursuant to Section 14(a) of the Exchange Act and Sections 11 and 15 of the U.S. Securities Act of 1933 on behalf of a proposed class comprising: (a) all persons who were eligible to vote at Peridot Acquisition Corp.’s extraordinary general meeting held during August 2021, and (b) all persons who acquired Li-Cycle publicly traded securities pursuant to Li-Cycle’s March 2021 Registration Statement. Unlike the original complaint, the amended complaint does not assert any claims under either Section 10(b) or Section 20(a) of the Exchange Act. The claims in the amended complaint are asserted against both the Company and certain individual defendants, including Li-Cycle’s two Co-Founders, Li-Cycle’s former CFO, two current directors of Li-Cycle (who were also directors and/or officers of Peridot Acquisition Corp. at the time of the Business Combination), and certain other directors or officers of Peridot Acquisition Corp. at the time of the Business Combination. On December 19, 2022, the Company and each of the individual defendants moved to dismiss the amended complaint in its entirety. The motion to dismiss is not yet fully briefed. The Company believes that the allegations in the amended complaint are without merit and intends to vigorously defend against this matter. No amounts have been recorded for any potential liability arising from this matter.</div>

9200000 6900000

Loss per share<div style="margin-bottom:0.01pt;margin-top:6pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">2020</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Total net loss</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(53.7)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(226.6)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(9.4)</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Weighted average number of common shares (in millions)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">170.7</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">110.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">82.6</td><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Basic and diluted loss per share</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(0.31)</td><td style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(2.06)</td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(0.11)</td><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:0.01pt;margin-top:6pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt">For comparability, the stated weighted average number of common shares and the number of potential common shares have been scaled by the Business Combination exchange ratio of 1:39.91 for periods prior to the completion of the Business Combination on August 10, 2021. </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="padding-left:27pt">Adjustments for diluted loss per share were not made for the twelve months ended October 31, 2022, 2021, and 2020 as they would be anti-dilutive in nature. The following table presents shares from instruments that could dilute basic loss per share in the future, but were not </div><div style="padding-left:27pt">included in the calculation of diluted loss per share because they are antidilutive for the periods presented:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Stock options</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">5.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Warrants</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">23.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Convertible debt</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">29.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Restricted share units</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">2.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">35.9 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">36.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5.3 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>

-53700000

-226600000

-9400000

170700000

110100000

82600000

-0.31

-2.06

-0.11

39.91 4500000 5300000 5300000 23000000.0 0 29400000 7500000 0 2000000.0 700000 0 35900000 36500000 5300000

Segment reporting<div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt">The consolidated financial information presented in these financial statements is reviewed regularly by the Company’s chief operating decision maker (“CODM”) for making strategic decisions, allocations resources and assessing performance. The information review by CODM for decision making purposes aligns with the information provided above in the statements of loss and comprehensive loss, financial position, and cash flows. The Corporation’s CODM is its Chief Executive Officer.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">During the twelve months ended October 31, 2022, the Company operated in Canada and the United States. The Company also began investing in future operations in Europe. Management has concluded that the customers, and the nature and method of distribution of goods and services delivered, if any, to these geographic regions are similar in nature. The risks and returns across the geographic regions are not dissimilar; therefore, the Company operates as a single operating segment.</div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">The following is a summary of the Company’s geographical information:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:40.906%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.784%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.784%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.784%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.787%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Canada</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">United States</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Germany</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Other</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.06pt;margin-top:0.18pt;padding-left:0.28pt;text-indent:-0.28pt">Revenues</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Year ended October 31, 2022</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">4.1</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">9.3</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">—</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">—</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">13.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Year ended October 31, 2021</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">3.0</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">4.3</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">7.3</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Year ended October 31, 2020</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">0.8</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">0.8</td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-current assets</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">As at October 31, 2022</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">26.8</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">161.4</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">10.7</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">2.5</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">201.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">As at October 31, 2021</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">15.5</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">37.9</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">53.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">As at October 31, 2020</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.4</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">6.1</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">—</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">—</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">9.5</td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div><div style="padding-left:10.8pt;text-indent:18pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:0.28pt"> Revenue is attributed to each geographical location based on location of sale.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> The Company does not currently have active operations in any other geographical regions.</div>

<div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">The following is a summary of the Company’s geographical information:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:40.906%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.784%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:13.355%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.784%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.784%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.787%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Canada</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">United States</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Germany</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Other</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Total</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="margin-bottom:0.06pt;margin-top:0.18pt;padding-left:0.28pt;text-indent:-0.28pt">Revenues</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Year ended October 31, 2022</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">4.1</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">9.3</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">—</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">—</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">13.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Year ended October 31, 2021</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">3.0</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">4.3</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">7.3</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Year ended October 31, 2020</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">0.8</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">0.8</td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-current assets</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">As at October 31, 2022</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">26.8</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">161.4</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">10.7</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">2.5</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">201.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">As at October 31, 2021</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">15.5</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">37.9</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">53.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">As at October 31, 2020</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">3.4</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">6.1</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">—</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">—</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">9.5</td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr></table></div>

4100000

9300000

13400000

3000000.0

4300000

7300000

800000

26800000

161400000

10700000

2500000

201400000

15500000

37900000

53400000

3400000

6100000

9500000

Government funding<div style="margin-bottom:1pt;margin-top:6pt;padding-left:28.8pt">The Company has received government grants and investment tax credits from the Government of Canada and the Government of Ontario for research and development activities, as set forth below:</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31, </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Research and development expenses, gross</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.7 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2.7 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2.8 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Less: Government grants</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2.0)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Research and development expenses, net</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.7 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2.7 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.8 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div>In addition, for twelve months ended October 31, 2022, the Company has received $nil in other government grants recognized as an offset against employee salaries and benefits expenses (2021: $0.1 million, 2020: $0.2 million).

<div style="margin-bottom:1pt;margin-top:6pt;padding-left:28.8pt">The Company has received government grants and investment tax credits from the Government of Canada and the Government of Ontario for research and development activities, as set forth below:</div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31, </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Research and development expenses, gross</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.7 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2.7 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2.8 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Less: Government grants</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">—</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(2.0)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Research and development expenses, net</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.7 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">2.7 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.8 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr></table></div> 1700000 2700000 2800000

2000000.0

1700000

2700000

800000

100000 200000

Income taxes<div style="margin-bottom:0.06pt;margin-top:6pt;padding-left:27pt">The recovery of income taxes differs from the amount obtained by applying the statutory Canadian Federal and Provincial income tax rates to the loss for the year as follows:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:22.5pt;text-indent:-4.5pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Net loss for the year before tax</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(53.7)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(226.6)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(9.4)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Statutory tax rates</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">26.5%</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">26.5%</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">26.5%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14.2)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(60.0)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2.5)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Change in unrecognized deferred tax amounts</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">18.4</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">8.8</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">2.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Rate differential</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.5</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-deductible item and others</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">(4.8)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">51.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Income tax expense</td><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td></tr></table></div><div style="margin-bottom:0.12pt;margin-top:1pt;padding-left:27pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:27pt">As of October 31, 2022, the Company has net operating losses of approximately $184.1 million (2021: $53.4 million) available to reduce net income for tax purposes in future years. Management believes the realization of the income tax benefits related to these losses and other potential deferred income tax assets is uncertain at this time. Accordingly, the Company has not recognized the deferred income tax assets in the consolidated financial statements.</div><div style="margin-bottom:0.01pt;margin-top:1pt;padding-left:27pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:27pt">As of October 31, 2022, the Company has aggregate non-capital losses for Canadian income tax purposes of approximately $153.2 million (2021: $48.7 million), that expire in the period 2037 to 2042. In addition, the Company has net operating losses for US income tax purposes of approximately $25.0 million (2021:$4.7 million) that carryforward indefinitely. The net operating losses for rest of the world income tax purposes consists of approximately $2.2 million which can be carried forward indefinitely and $3.6 million which will expire beginning 2029 to 2037. Management cannot assert that the realization of the income tax benefits related to these losses and other potential deferred income tax assets is more likely than not to be realized. Accordingly, the Company has not recognized the following deferred income tax assets in the consolidated financial statements:</div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.27pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31, </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Tax losses and credits carryforwards</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">48.6 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">14.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">3.8 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Share issuance costs</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">10.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Convertible debt</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Reserves and provisions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Plant and equipment, due to differences in amortization</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(10.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Convertible debt, due to differences in amortization</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(7.6)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Right of use assets, net of lease liabilities</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Total</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">43.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">25.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">3.6 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Deferred tax assets not recognized</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(43.8)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(25.4)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(3.6)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Deferred tax assets, net</td><td colspan="2" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div>

<div style="margin-bottom:0.06pt;margin-top:6pt;padding-left:27pt">The recovery of income taxes differs from the amount obtained by applying the statutory Canadian Federal and Provincial income tax rates to the loss for the year as follows:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:22.5pt;text-indent:-4.5pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Net loss for the year before tax</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(53.7)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(226.6)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(9.4)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Statutory tax rates</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">26.5%</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">26.5%</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">26.5%</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(14.2)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(60.0)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2.5)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Change in unrecognized deferred tax amounts</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">18.4</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">8.8</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">2.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Rate differential</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.5</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Other</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Non-deductible item and others</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">(4.8)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">51.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Income tax expense</td><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td></tr></table></div>

-53700000

-226600000

-9400000

0.265

-14200000

-60000000.0

-2500000

18400000 8800000 2400000 500000 0 0

100000

-4800000 51200000 100000

53400000 153200000 48700000 25000000 2200000 3600000

Accordingly, the Company has not recognized the following deferred income tax assets in the consolidated financial statements:<div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:0.27pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"/><td style="width:58.014%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.528%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.530%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the years ended October 31, </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">2022</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2021</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2020</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Tax losses and credits carryforwards</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">48.6 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">14.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">3.8 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Share issuance costs</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">10.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">12.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Convertible debt</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Reserves and provisions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Other</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Plant and equipment, due to differences in amortization</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(10.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(2.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Convertible debt, due to differences in amortization</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(7.6)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Right of use assets, net of lease liabilities</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Total</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">43.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">25.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">3.6 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Deferred tax assets not recognized</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(43.8)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(25.4)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(3.6)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Deferred tax assets, net</td><td colspan="2" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/><td colspan="2" style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">— </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"/></tr></table></div>

48600000

14300000

3800000

10100000

12600000

300000

100000

200000

100000

2500000

100000

10400000

2700000

200000

7600000

500000

600000

100000

43800000

25400000

3600000

-43800000

-25400000

-3600000

Notes to the Consolidated Statement of Cash Flows<div style="margin-bottom:0.06pt;margin-top:6pt;padding-left:27pt">As of October 31, 2022, the Company had cash on hand of $269.3 million (2021: $6.9 million) and cash equivalents in the form of short term guaranteed investment certificates of $309.0 million (2021: $590.0 million).</div><div style="margin-bottom:0.06pt;margin-top:0.06pt;padding-left:27pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt">Changes in liabilities arising from financing activities comprise the following:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:44.478%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.507%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the year ended October 31,</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Lease liabilities</td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Restoration provisions</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Convertible debt</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature of convertible debt</td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">29.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">71.9 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">29.0 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cash changes:</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Repayments of lease liabilities</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(4.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Repayment of loans payable</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Proceeds from convertible debt</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">152.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">46.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Total changes from financing cash flows</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(4.7)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">152.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">46.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Non-cash changes:</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">New leases</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">28.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Disposal</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Additions to restoration provision</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Accrued interest and accretion</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">14.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Foreign exchange gain or (loss)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1.5)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Fair value gain/loss on conversion feature of convertible debt</div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(31.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Accrued interest paid in kind</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">5.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Total non-cash changes</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">27.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">20.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(31.3)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">51.8 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">244.6 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">43.9 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table></div> <div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt">Changes in liabilities arising from financing activities comprise the following:</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt"> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"/><td style="width:44.478%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td colspan="3" style="display:none"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.505%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:12.507%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the year ended October 31,</td><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Lease liabilities</td><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Restoration provisions</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Convertible debt</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature of convertible debt</td></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the year</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">29.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">71.9 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">29.0 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Cash changes:</td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Repayments of lease liabilities</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(4.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Repayment of loans payable</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Proceeds from convertible debt</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">152.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">46.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Total changes from financing cash flows</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(4.7)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">152.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">46.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Non-cash changes:</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="display:none"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">New leases</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">28.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Disposal</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Additions to restoration provision</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Accrued interest and accretion</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">14.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">Foreign exchange gain or (loss)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(1.5)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"/></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top"><div>Fair value gain/loss on conversion feature of convertible debt</div></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(31.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Accrued interest paid in kind</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">5.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Total non-cash changes</td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">27.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">20.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">(31.3)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Balance, end of the year</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">51.8 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td colspan="3" style="display:none"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">244.6 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">43.9 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"/></tr></table></div>

29400000

300000

71900000

29000000.0

4700000

152500000 46200000

-4700000

152500000

46200000

28800000

-200000

100000

14300000

-1500000

31300000

5900000 27100000 100000 20200000 -31300000

51800000

400000

244600000

43900000

58600000 27000000 58600000

14500000

P48Y