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Condensed consolidated interim statements of loss and comprehensive loss - USD ($)
$ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Jan. 31, 2022
Revenue      
Product sales $ 3.1 $ 7.7  
Recycling services 0.5 0.3  
Revenue 3.6 8.0  
Expenses      
Employee salaries and benefits 14.8   $ 10.3
Share-based compensation 3.2 7.0  
Office, administrative and travel 4.5 3.1  
Professional fees 3.0 3.2  
Raw materials and supplies 8.7   $ 1.1
Depreciation 3.7 1.9  
Plant facilities 1.9 0.9  
Marketing 0.7 0.6  
Freight and shipping 0.8 0.3  
Research and development 0.5 0.5  
Change in finished goods inventory (0.9) 0.2  
Other 1.8 0.0  
Operating expenses 42.7 29.1  
Loss from operations (39.1) (21.1)  
Other income (expense)      
Interest income 5.0 0.2  
Interest expense and other costs (4.5) (4.1)  
(Loss) gain on financial instruments (0.7) 14.9  
Other income (expense) (0.2) 11.0  
Net loss before taxes (39.3) (10.1)  
Income tax 0.1 0.0  
Interest income on short-term investments (39.4) (10.1)  
Shareholders of Li-Cycle Holdings Corp. (39.4) (10.1)  
Non-controlling interest 0.0 0.0  
Net loss and comprehensive loss $ (39.4) $ (10.1)  
Loss per common share - basic (in dollars per share) $ (0.22) $ (0.06)  
Loss per common share - diluted (in dollars per share) $ (0.22) $ (0.06)