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Corporate information<div style="margin-bottom:0.01pt;margin-top:0.01pt;text-indent:36pt">Company overview</div><div style="margin-bottom:0.06pt;margin-top:0.01pt"> </div><div style="padding-left:28.8pt">Li-Cycle Holdings Corp. (together with its subsidiaries, "Li-Cycle" or the "Company") is a leading global lithium-ion battery resource recovery company and North America’s largest pure-play lithium-ion battery recycler, with a growing presence in Europe. The Company leverages its innovative, sustainable and patented Spoke & Hub Technologies™ to provide a safe, scalable, customer-centric solution to recycle all different types of lithium-ion batteries. With major customers and partners around the world, Li-Cycle is on a mission to recover critical battery-grade materials to create a domestic closed-loop battery supply chain for a clean energy future. The Company is governed by the Business Corporations Act (Ontario) and its 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">Li-Cycle started its business as Li-Cycle Corp., which was incorporated under the Business Corporations Act (Ontario) on November 18, 2016. </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. On closing of the Business Combination, 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>

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-top:0.16pt;padding-left:49.5pt;text-indent:-0.28pt">On December 21, 2022, the Company announced a change in its financial year end from October 31st to December 31st. The change is being made to better align Li-Cycle’s financial reporting calendar with peer group companies. The Company's current financial year will cover the period from January 1, 2023 to December 31, 2023. </div><div style="margin-top:0.16pt;padding-left:49.5pt;text-indent:-0.28pt"> </div><div style="margin-top:0.01pt;padding-left:49.5pt">These unaudited condensed consolidated interim financial statements ("interim financial statements") have been prepared in accordance with International Financial Reporting Standards ("IFRS") under International Accounting Standard (IAS) 34 - Interim Financial Reporting. Except for certain amendments and interpretations to the IFRS that apply for the first time to the Company described in Note 2.6, these interim financial statements were prepared using the same basis of presentation, accounting policies and methods of computation as set forth in Note 2 of the Company's consolidated financial statements for the year ended October 31, 2022. </div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:0.57pt;text-indent:-0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:49.5pt;text-indent:-0.28pt">These interim financial statements were approved and authorized for issue by the Audit Committee of the Board of Directors on August 14, 2023.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </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">These interim 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 interim 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 </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:49.5pt">affect those returns through its power over the investee. The subsidiaries are included in the interim financial statements 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 June 30, 2023 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><td style="width:41.552%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.573%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.575%"></td><td style="width:0.1%"></td></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. 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">Li-Cycle France SARL</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">France</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><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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">100%</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 interim 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:0.01pt;padding-left:0.5pt"> 2.5 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"> 2.6 Recently adopted IFRS Standards</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:49.5pt">Due to the change in year-end, IFRS Standards effective from January 2022 and January 2023 may impact the financial statements. </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:49.5pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:49.5pt">The Company has adopted the following accounting amendments that were effective commencing January 1, 2022 or January 1, 2023. The adoption of these standards have not had a material impact on the financial statements: </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:49.5pt"> </div><div style="padding-left:72pt;text-indent:-18pt">•Amendments to IFRS 3, Business Combinations - Reference to the Conceptual Framework. The amendment is effective for annual periods beginning on or after January 1, 2022. </div><div style="margin-bottom:0.01pt;padding-left:64.8pt;text-indent:-18pt"> </div><div style="padding-left:72pt;text-indent:-18pt">•Amendments to IAS 37 - Provisions, Contingent Liabilities and Contingent Assets. The amendment specifies costs an entity should include in determining the "cost of fulfilling" a potential onerous contract. The amendment is effective for annual periods beginning on or after January 1, 2022. </div><div style="padding-left:72pt;text-indent:-18pt"> </div><div style="padding-left:72pt;text-indent:-18pt">•Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors replace the definition of a change in accounting estimates with a definition of accounting estimates. The amendment is effective for annual periods beginning on or after January 1, 2023. </div><div style="padding-left:72pt;text-indent:-18pt"> </div><div style="padding-left:72pt;text-indent:-18pt">•Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgments changes the requirements in IAS 1 with regard to disclosure of accounting policies. The amendments to IAS 1 and IFRS </div><div style="padding-left:72pt">practice statements 2 are effective for annual periods beginning on or after January 1, 2023, with earlier application permitted and are applied prospectively. </div><div style="padding-left:72pt;text-indent:-18pt">•Amendments to IFRS 17, Insurance Contracts, a replacement of IFRS 4, Insurance Contracts, that aims to provide consistency in the application of accounting for insurance contracts. The amendment is effective for annual period beginning on or after January 1, 2023.</div><div style="padding-left:72pt;text-indent:-18pt"> </div><div style="padding-left:72pt;text-indent:-18pt">•Amendments to IAS 16 Property, Plant and Equipment - Proceeds before Intended Use. The amendment prohibits reducing the cost of property, plant and equipment by proceeds while bringing an asset to capable operations. The amendment is effective for periods beginning on or after January 1, 2022.</div><div style="padding-left:72pt;text-indent:-18pt"> </div><div style="padding-left:72pt;text-indent:-18pt">•Amendments to IAS 12 Income taxes - Deferred Tax related to Assets and Liabilities arising from Single Transaction, narrowing the scope for exemption when recognizing deferred taxes. The amendment is effective for annual periods beginning on or after January 1, 2023. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.5pt"> </div><div style="margin-bottom:6pt;margin-top:0.16pt;padding-left:0.28pt;text-indent:31.49pt">2.7 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><td style="width:56.571%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:41.229%"></td><td style="width:0.1%"></td></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: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="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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="display:none"></td><td colspan="3" style="display:none"></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 10 and IAS 28</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">Sale or Contribution of Assets between an Investor and its Associate or Joint Venture</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 IFRS 7 and IAS 7</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">Supplier Finance Arrangements </td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div>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.

Statement of compliance<div style="margin-top:0.16pt;padding-left:49.5pt;text-indent:-0.28pt">On December 21, 2022, the Company announced a change in its financial year end from October 31st to December 31st. The change is being made to better align Li-Cycle’s financial reporting calendar with peer group companies. The Company's current financial year will cover the period from January 1, 2023 to December 31, 2023. </div><div style="margin-top:0.16pt;padding-left:49.5pt;text-indent:-0.28pt"> </div><div style="margin-top:0.01pt;padding-left:49.5pt">These unaudited condensed consolidated interim financial statements ("interim financial statements") have been prepared in accordance with International Financial Reporting Standards ("IFRS") under International Accounting Standard (IAS) 34 - Interim Financial Reporting. Except for certain amendments and interpretations to the IFRS that apply for the first time to the Company described in Note 2.6, these interim financial statements were prepared using the same basis of presentation, accounting policies and methods of computation as set forth in Note 2 of the Company's consolidated financial statements for the year ended October 31, 2022. </div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:0.57pt;text-indent:-0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.16pt;padding-left:49.5pt;text-indent:-0.28pt">These interim financial statements were approved and authorized for issue by the Audit Committee of the Board of Directors on August 14, 2023.</div>

Basis of consolidationThese interim 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 <div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:49.5pt">affect those returns through its power over the investee. The subsidiaries are included in the interim financial statements 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 June 30, 2023 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><td style="width:41.552%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.573%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.575%"></td><td style="width:0.1%"></td></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. 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">Li-Cycle France SARL</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">France</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><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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">100%</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 June 30, 2023 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><td style="width:41.552%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.573%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:27.575%"></td><td style="width:0.1%"></td></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. 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">Li-Cycle France SARL</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">France</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><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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">100%</td></tr></table></div>

2.4 Presentation currency These interim 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.

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.

Revenue – product sales and recycling services<div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt;text-indent:22.49pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.955%"><tr><td style="width:1.0%"></td><td style="width:43.693%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.123%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the</td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Three months ended June 30,</div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Six months ended June 30,</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</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">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">12.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">7.6 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">(1.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6.0)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Product sales</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3.1 </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">(0.4)</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">6.2 </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">7.3 </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:bottom">Recycling services</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><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:middle">1.0 </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">0.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></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: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:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3.6 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </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><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">7.2 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">8.0 </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></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:22.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.955%"><tr><td style="width:1.0%"></td><td style="width:43.693%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.123%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the</td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Three months ended June 30,</div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Six months ended June 30,</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</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">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">12.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">7.6 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Recycling services</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.5 </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">0.4 </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">1.0 </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">0.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></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: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">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4.7 </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><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">13.2 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">8.3 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="text-indent:22.5pt"> </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 and black mass equivalents ("Black Mass & Equivalents" or "BM&E") and shredded metal, and the related trade accounts receivable, are measured at initial recognition using provisional prices for the constituent metals at the time of initial recognition. Any unsettled sales at the end of each reporting period are remeasured using the market prices of the constituent metals at the period end. 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 20 for the impact of movements in the cobalt and nickel prices.</div> <div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt;text-indent:22.49pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.955%"><tr><td style="width:1.0%"></td><td style="width:43.693%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.123%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the</td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Three months ended June 30,</div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Six months ended June 30,</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</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">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">12.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">7.6 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">(1.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(4.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(6.0)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Product sales</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">3.1 </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">(0.4)</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">6.2 </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">7.3 </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:bottom">Recycling services</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><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:middle">1.0 </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">0.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></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: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:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">3.6 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </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><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">7.2 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">8.0 </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></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:28.8pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:22.5pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:96.955%"><tr><td style="width:1.0%"></td><td style="width:43.693%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.280%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.123%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.124%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the</td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Three months ended June 30,</div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Six months ended June 30,</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</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">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">12.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">7.6 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Recycling services</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">0.5 </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">0.4 </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">1.0 </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">0.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></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: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">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">5.5 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">4.7 </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><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">13.2 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">8.3 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div> 5000000.0 4300000 12200000 7600000 -1900000 -4700000 -6000000.0 -300000

3100000

-400000

6200000

7300000

500000

400000

1000000.0

700000

3600000

7200000

8000000.0

5000000.0 4300000 12200000 7600000

500000

400000

1000000.0

700000

5500000 4700000 13200000 8300000

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;padding-left:27pt;text-indent: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><td style="width:42.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.695%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.695%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.505%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.508%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the</td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Three months ended June 30,</div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Six months ended June 30,</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</td></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">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">9.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">1.5 </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="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">4.2 </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">1.3 </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">9.2 </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">1.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Interest expense and accretion on convertible debt (net of capitalized interest)</td><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3.3)</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">(5.7)</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">(6.7)</td><td style="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:bottom">Interest expense on leases</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.9)</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">(0.5)</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">(1.8)</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">(0.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></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">(0.1)</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">(0.1)</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">(0.2)</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">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign exchange losses</td><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><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.1)</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">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></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">(4.3)</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">(3.8)</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">(8.8)</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">(7.9)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></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 (Note 15)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.3 </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">7.7 </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">6.6 </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">11.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value gain on warrants (Note 17)</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><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><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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">7.3 </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">7.7 </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">6.6 </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">22.6 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">7.2 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5.2 </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><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">7.0 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">16.2 </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></tr></table></div>

<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;padding-left:27pt;text-indent: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><td style="width:42.097%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.695%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.695%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.505%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.508%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the</td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Three months ended June 30,</div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Six months ended June 30,</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</td></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">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">4.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">9.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">1.5 </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="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">4.2 </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">1.3 </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">9.2 </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">1.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Interest expense and accretion on convertible debt (net of capitalized interest)</td><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3.3)</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">(5.7)</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">(6.7)</td><td style="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:bottom">Interest expense on leases</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(0.9)</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">(0.5)</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">(1.8)</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">(0.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></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">(0.1)</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">(0.1)</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">(0.2)</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">(0.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Foreign exchange losses</td><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><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(1.1)</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">(0.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></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">(4.3)</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">(3.8)</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">(8.8)</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">(7.9)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></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 (Note 15)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.3 </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">7.7 </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">6.6 </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">11.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value gain on warrants (Note 17)</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><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><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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">7.3 </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">7.7 </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">6.6 </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">22.6 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr style="height:12pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">7.2 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5.2 </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><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">7.0 </td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">16.2 </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></tr></table></div>

4200000

1300000

9200000

1500000

4200000

1300000

9200000

1500000

-2700000 -3300000 -5700000 -6700000

900000

500000

1800000

900000

100000

200000

100000

600000

-100000

1100000

200000

4300000 3800000 8800000 7900000

7300000

7700000

6600000

11500000

0 0 0 11100000

7300000

7700000

6600000

22600000

7200000

5200000

7000000.0

16200000

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:94.230%"><tr><td style="width:1.0%"></td><td style="width:58.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td></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">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.9</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">4.3</td></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">0.9</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">4.3</td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Non-trade receivables</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">3.5</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Sales taxes receivable</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">3.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">4.1</td></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">1.8</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="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 #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">5.0</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #000000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">10.0</td></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">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 three and six months ended June 30, 2023, the fair value loss arising from changes in estimates was $1.9 million and $6.0 million, respectively (three and six months ended June 30, 2022: fair value losses of $4.7 million and $0.3 million, respectively), which is included in the respective accounts receivable balances. 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 receivables based on its past experience, the credit ratings of its existing customer and economic trends. For the three and six months ended June 30, 2023, the Company recorded a recovery of credit loss of $0.1 million and a credit loss allowance of $0.9 million, respectively, included in the Other line on the statement of loss and comprehensive loss (three and six months ended June 30,2022: $nil and $nil). The movements in the three and six months ended June 30, 2023 relates to a dispute with a new customer, with whom the Company has terminated its business relationship. The Company has assessed its receivables and concluded that this does not cast doubt on the collectability of trade receivables due from other customers. </div>Other receivables relate to interest receivable.

900000

4300000

900000

4300000

3500000

3200000

4100000

1800000 2400000

5000000.0

10000000.0

-1900000 -6000000 -4700000 -300000

100000

900000

Prepayment and deposits <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><td style="width:58.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</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">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">0.7</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">0.5</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">2.9</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="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">3.6</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">1.4</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">87.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">86.1</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">6.3</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">4.2</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">2.4</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">Prepaids and deposits</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">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">103.5</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">95.2</td></tr></table>Other prepaids consist principally of other deposits and prepaid subscriptions

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:94.230%"><tr><td style="width:1.0%"></td><td style="width:58.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</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">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.1</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">5.8</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">1.8</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">1.8</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">0.6</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.7</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">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">2.5</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">8.3</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 three and six months ended June 30, 2023 was $9.8 million and $20.8 million, respectively (three and six months ended June 30, 2022: $5.5 million and $8.7 million, respectively).</div>The inventory balances for raw materials and finished goods are adjusted to the lower of cost or net realizable value. For the three and six months ended June 30, 2023, the reversal of prior period write down for raw materials inventory included in the Raw materials and supplies line was $1.7 million and $1.9 million, respectively (three and six months ended June 30, 2022: write down of $0.4 million and a write down reversal of $0.2 million, respectively). For the three and six months ended June 30, 2023, partial reversal of prior period write down included in the adjustment for finished goods inventory was $0.6 million and $1.6 million, respectively (three and six months ended June 30, 2022: $nil and $nil). Refer to Note 20 for additional details on commodity prices.

100000

5800000

1800000

600000

700000

2500000

8300000

9800000

20800000

8700000

1700000 1900000 -400000 200000

-600000

-1600000

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><td style="width:20.758%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.808%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.808%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.153%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.120%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.357%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.296%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the six months ended June 30,</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><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><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the period</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">167.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">38.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">2.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">0.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">9.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">217.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></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">185.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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><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"></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><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">185.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></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">(3.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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><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><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><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></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 period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">349.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">41.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2.7 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><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><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">10.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">403.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td></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><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the period</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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(5.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(7.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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><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><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"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(3.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></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 period</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><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(8.1)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.8)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><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><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2.1)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(11.1)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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: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">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">349.1 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">33.2 </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><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">1.9 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.2 </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><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">8.0 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">392.4 </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></tr></table><div style="margin-bottom:0.12pt;margin-top:0.01pt;padding-left:27pt">For the three and six months ended June 30, 2023, $2.3 million and $4.3 million, respectively in employee salaries (three and six months ended June 30, 2022: $nil and $nil) and $0.2 million and $0.4 million, respectively in share-based compensation costs (three and six months ended June 30, 2022: $nil and $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:27pt">For the three and six months ended June 30, 2023, borrowing costs of $6.5 million and $12.2 million, respectively were capitalized to assets under construction (three and six months ended June 30, 2022: $nil and $nil). 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 12.5%.</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:27pt">As of June 30, 2023, $58.2 million of the accounts payable balance is made up of non-cash additions to plant and equipment (December 31, 2022: $48.5 million). </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 21 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><td style="width:20.758%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.808%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.808%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.153%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.120%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.357%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:11.296%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the six months ended June 30,</td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><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><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the period</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">167.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">38.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">2.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">0.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">9.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">217.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></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">185.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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><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"></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><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">185.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></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">(3.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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><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><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><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></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 period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">349.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">41.3 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2.7 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><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><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">10.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">403.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr style="height:8pt"><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td></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><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Balance, beginning of the period</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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(5.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(7.2)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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><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><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"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(3.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></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 period</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><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(8.1)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(0.8)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><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><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(2.1)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:top">(11.1)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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: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">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">349.1 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">33.2 </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><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">1.9 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">0.2 </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><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">8.0 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:top">392.4 </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></tr></table>

167100000

38200000

2100000

300000

9900000

217600000

185100000

600000

200000

185900000

-3100000

3100000

349100000

41300000

2700000

300000

10100000

403500000

-5300000

-300000

-100000

-1500000

-7200000

2800000

500000

600000

3900000

-8100000

-800000

-100000

-2100000

-11100000

349100000

33200000

1900000

200000

8000000.0

392400000

2300000 4300000 200000 400000

6500000

12200000

0.125

58200000 48500000 Right-of-use assets<div style="margin-bottom:0.01pt;margin-top:6pt;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><td style="width:58.014%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.530%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the six months ended June 30,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2023</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><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><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></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">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">58.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">0.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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">59.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">9.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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">(0.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">67.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td></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></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">(8.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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"></td><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></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">0.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">(3.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">(11.3)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;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><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(11.5)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Carrying amounts</td><td style="border-bottom:1pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">56.1 </td><td style="border-bottom:1pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.6 </td><td style="border-bottom:1pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">56.7 </td><td style="border-bottom:1pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div><div style="margin-bottom:0.06pt;margin-top:6pt;padding-left:27pt">The weighted average lease term of the Company's premises and equipment leases is 3.42 years.</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><td style="width:58.014%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.530%"></td><td style="width:0.1%"></td></tr><tr><td colspan="9" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the six months ended June 30,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2023</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><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><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></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">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">58.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="padding:2px 0;text-align:right;vertical-align:bottom">0.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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">59.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">9.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">9.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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">(0.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(0.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">67.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.8 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">68.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr style="height:11pt"><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #242424;padding:0 1pt"></td></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></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">(8.3)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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"></td><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></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">0.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">(3.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(3.8)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">(11.3)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;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><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(11.5)</td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:top">Carrying amounts</td><td style="border-bottom:1pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">56.1 </td><td style="border-bottom:1pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.6 </td><td style="border-bottom:1pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">56.7 </td><td style="border-bottom:1pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table>

58500000

700000

59200000

9600000

100000

9700000

-700000 0 -700000

67400000

800000

68200000

-8300000

-100000

-8400000

-700000

-3700000 -100000 -3800000

-11300000

-200000

-11500000

56100000

600000

56700000

P3Y5M1D

Other assets<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><td style="width:58.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.309%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at </td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</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:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">4.8</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">2.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Prepaid insurance </td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">1.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">1.8</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Restoration deposit</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">3.1</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></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 other assets</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">$</td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">9.1</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">4.2</td></tr></table>

3100000

9100000

4200000

Related party transactionsThe remuneration of the executive officers and directors, who are the key management personnel of the Company, is set out below:<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><td style="width:42.511%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.572%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.698%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.358%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.361%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the</td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Three months ended June 30,</div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Six months ended June 30,</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</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">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.9 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.8 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.8 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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:top">2.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">8.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></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:top">1.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></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:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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><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><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></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 #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">4.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">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:middle"></td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">8.5 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">12.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></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">Total amounts paid to directors in respect of director services in the three months and six months ended June 30, 2023 was $0.1 million and $0.2 million, respectively (three and six months ended June 30,2022:$0.1 million and $0.2 million, respectively).</div><div style="margin-bottom:6pt;margin-top:6pt;padding-left:28.8pt">Outstanding balances of remuneration of the executive officers and directors are summarized as follows: </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"></td><td style="width:56.382%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Accounts payable and accrued liabilities</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">1.7</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">2.8</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:top">Outstanding balances</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">1.7</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">2.8</td></tr></table></div><div style="margin-top:12pt;padding-left:27pt">Related party expenses are recorded at exchange amounts. For the three months and six months ended June 30, 2023, total transactions with related parties are $0.1 million and $0.1 million, respectively (three and six months ended June 30, 2022: $0.1 million and $0.2 million, respectively).</div>

The remuneration of the executive officers and directors, who are the key management personnel of the Company, is set out below: <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><td style="width:42.511%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.572%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.698%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.358%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.361%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the</td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Three months ended June 30,</div></td><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:top"><div style="padding-left:2.77pt;text-align:right">Six months ended June 30,</div></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">2022</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">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.9 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.8 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">1.8 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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:top">2.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">3.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">8.7 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></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:top">1.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">2.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:top">1.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></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:top">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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><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><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></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 #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">4.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">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:middle"></td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">8.5 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">12.4 </td><td style="border-bottom:1pt solid #242424;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr></table><div style="margin-bottom:6pt;margin-top:6pt;padding-left:28.8pt">Outstanding balances of remuneration of the executive officers and directors are summarized 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><td style="width:56.382%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</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">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">1.7</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">2.8</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:top">Outstanding balances</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">1.7</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">2.8</td></tr></table></div>

900000

1000000.0

1800000

2400000

3200000

4600000

8700000

1100000 1000000.0 2000000.0 1900000

100000

4400000

5200000

8500000

12400000

100000 200000 100000 200000

1700000

2800000

1700000

2800000

100000

200000

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><td style="width:56.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.194%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</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">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">21.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">26.5 </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="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">37.7 </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:bottom">35.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">9.3 </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">4.4 </td><td style="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">Accrued compensation</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">9.9 </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">9.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></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: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">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">77.9 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">75.9 </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></tr></table>

21000000.0

26500000

37700000

35400000

9300000

4400000

9900000

9600000

77900000

75900000

Lease 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><td style="width:35.015%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.194%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.194%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.197%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">For the six months ended June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Premise</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Equipment</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">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">Balance, beginning of the period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">53.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.6 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></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">53.9 </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="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Additions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.3 </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:bottom">0.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Lease repayments</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3.3)</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">(0.1)</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">(3.4)</td><td style="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">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><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><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></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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 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">57.7 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.8 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">58.5 </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="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Non-current portion of lease liabilities</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(52.4)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(0.6)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(53.0)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Current Lease Liabilities</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5.3 </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><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.2 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5.5 </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"></td></tr></table><div style="margin-bottom:16pt;margin-top:6pt;padding-left:27pt;text-indent:-0.28pt">In the three and six months ended June 30, 2023, the Company recognized interest expense of $0.9 million and $1.8 million, respectively, related to lease liabilities (three and six months ended June 30, 2022: $0.5 million and $0.9 million, respectively).</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:0.06pt;padding-left:27pt;text-indent:-0.28pt"><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><td style="width:24.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.464%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 12.25pt;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 June 30, 2023</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">8.2</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">8.2</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.8</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.6</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">6.9</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">41.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">79.9</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">0.6</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">0.5</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">0.1</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">2.0</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">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">8.8</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">8.8</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">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">8.3</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">7.8</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">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">7.0</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">41.2</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">81.9</td></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"> </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><td style="width:24.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.464%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 12.25pt;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 December 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">8.7</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.7</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.3</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.1</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">6.4</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">40.7 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">77.9</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">0.2</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">0.6</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">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">8.9</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">7.8</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">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">7.4</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">7.2</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">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">6.5</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">40.7</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">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">78.5</td></tr></table></div> <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"></td><td style="width:35.015%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.194%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.194%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.197%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">For the six months ended June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Premise</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Equipment</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">Total</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Balance, beginning of the period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">53.3 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.6 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">53.9 </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="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Additions</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">7.3 </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:bottom">0.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">7.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Lease repayments</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(3.3)</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">(0.1)</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">(3.4)</td><td style="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">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><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><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></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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 period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">57.7 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.8 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">58.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Non-current portion of lease liabilities</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(52.4)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(0.6)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">(53.0)</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="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle">Current Lease Liabilities</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">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">5.3 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.2 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></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">5.5 </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"></td></tr></table> 53300000 600000 53900000 7300000 300000 7600000 3300000 100000 3400000 400000 0 400000 57700000 800000 58500000

52400000

600000

53000000.0

5300000

200000

5500000

900000

1800000

500000

900000

<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:0.06pt;padding-left:27pt;text-indent:-0.28pt"><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><td style="width:24.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.464%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 12.25pt;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 June 30, 2023</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">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">8.2</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">8.2</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.8</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.6</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">6.9</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">41.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">79.9</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Equipment</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.6</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.6</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.5</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">2.0</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">8.8</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">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">8.8</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">8.3</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">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">7.8</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">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">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">41.2</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">81.9</td></tr></table></div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"> </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><td style="width:24.070%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.444%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.464%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.446%"></td><td style="width:0.1%"></td></tr><tr><td colspan="24" style="padding:2px 12.25pt;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 December 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">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">8.7</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.7</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.3</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">7.1</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">6.4</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">40.7 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:bottom">77.9</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Equipment</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:bottom">0.6</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Total</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">8.9</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">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">7.8</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">7.4</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">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">7.2</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">6.5</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">40.7</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">78.5</td></tr></table></div>

8200000

7800000

7600000

6900000

41200000

79900000

600000

500000

200000

100000

2000000.0

8800000

8300000

7800000

7000000.0

41200000

81900000

8700000

7700000

7300000

7100000

6400000

40700000

77900000

200000

100000

600000

8900000

7800000

7400000

7200000

6500000

40700000

78500000

Deferred revenue<div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt">On March 28, 2023 the Company signed a definitive agreement for a global lithium-ion battery recycling partnership with a leading global provider of industrial trucks and supply chain solutions. As part of the agreement, the Company received 5 million Euros in reservation fee for future battery recycling services. The deferred revenue will be recognized in revenue as the services are provided. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.18pt;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><td style="width:50.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.750%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.432%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of the period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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></tr><tr><td colspan="3" style="background-color:#ffffff;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">5.4 </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">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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">Balance, end of the 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">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">5.4 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">— </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></tr></table></div>

5000000 <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><td style="width:50.518%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.750%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.432%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of the period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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></tr><tr><td colspan="3" style="background-color:#ffffff;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">5.4 </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">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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">Balance, end of the 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">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">5.4 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">— </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></tr></table>

5400000 0

5400000

Convertible Debt<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><td style="width:56.382%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">KSP Convertible Notes (a)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">97.4 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">91.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Glencore Convertible Notes (b)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">186.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">181.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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 convertible debt at end of the 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">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">284.2 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">272.9 </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></tr></table><div style="padding-left:28.8pt">(a) KSP Convertible Notes</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:94.230%"><tr><td style="width:1.0%"></td><td style="width:56.382%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.160%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td><td colspan="3" style="display:none"></td></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 notes at beginning of the period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">110.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">101.8 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></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">4.4 </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">8.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></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">Principal of convertible notes at end of the period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">114.6 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">110.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature at beginning of the period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.0 </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">19.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value loss (gain) on embedded derivative</td><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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 the period</td><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><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component at beginning of the period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">85.5 </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">74.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></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">4.4 </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">8.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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">(4.4)</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">(8.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Accrued interest expense and accretion</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.6 </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">11.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></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">Debt component at end of the period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">92.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">85.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></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:bottom">Total convertible debt at end of the 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">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">97.4 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">91.5 </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><td colspan="3" style="display:none"></td></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 "KSP Convertible Note”) for a principal amount of $100 million to Spring Creek Capital, LLC. The KSP Convertible Note will mature on September 29, 2026 unless earlier repurchased, redeemed or converted. Interest on the KSP Convertible Note is payable semi-annually, and Li-Cycle is permitted to pay interest on the KSP Convertible 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 were based on an interest rate of LIBOR plus 6.0% per year, with a LIBOR floor of 1% and a cap of 2%. Starting July 1, 2023, as the 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 0.58% (being average spread between the SOFR and LIBOR during the three-month period ending on the date on which LIBOR ceased to be published). The PIK election results in the issuance of a new note under the same terms as the KSP Convertible 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 Convertible Note and the PIK note outstanding at that time to an affiliate, Wood River Capital, LLC. The Company has elected to pay interest by PIK since the first interest payment date of December 31, 2021. The KSP Convertible Note and the PIK notes issued thereunder are referred to collectively as the "KSP Convertible Notes”, and as at June 30, 2023, 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><td style="width:20.267%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:56.164%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.269%"></td><td style="width:0.1%"></td></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 Convertible 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"></td></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"></td></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"></td></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, 2022</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4.3 </td><td style="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:top">PIK Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">June 30, 2023</td><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"></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:top">Total</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></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">114.6 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:6pt;padding-left:28.8pt"> </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 Convertible 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 Convertible 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 June 30, 2023, no conversions had taken place.</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="padding-left:28.8pt">The fair value of the embedded derivatives upon issuance of the KSP Convertible Note was determined to be a liability of $27.7 million whereas the remaining $72.3 million, net of </div><div style="padding-left:28.8pt">transaction costs of $1.6 million, was allocated to the principal portion of the debt. During the three and six months ended June 30, 2023, the Company recognized a fair value gain of $0.9 million and $0.7 million on the embedded derivatives, respectively. 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:94.230%"><tr><td style="width:1.0%"></td><td style="width:35.124%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><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">December 31, 2022</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">June 30, 2023</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 #000000;padding:2px 1pt;text-align:left;vertical-align:top">4.2%</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">4.6%</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">3.8 years</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">3.3 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">63%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">49%</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">$4.76</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$5.55</td></tr></table></div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">Expected volatility was determined by calculating the average implied volatility of a group of listed entities that are considered similar in nature to the Company. </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:6pt;padding-left:27pt">(b) Glencore Convertible Notes</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt;text-indent:26.99pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"></td><td style="width:56.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.194%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Principal of convertible notes at beginning of the period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">208.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></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><td colspan="3" style="display:none"></td></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">8.4 </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">208.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></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">Principal of convertible notes at end of the period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">216.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">208.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature at beginning of the period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16.5 </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">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></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><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><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value loss (gain) on embedded derivative</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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(29.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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 the period</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10.6 </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">16.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component at beginning of the period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">164.9 </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">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></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">8.4 </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">162.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></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><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><td colspan="3" style="display:none"></td></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">(8.4)</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">(8.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Accrued interest expense and accretion</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11.3 </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">12.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></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">Debt component at end of the period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">176.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">164.9 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></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:bottom">Total convertible debt at end of the 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">186.8 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></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">181.4 </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><td colspan="3" style="display:none"></td></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 Convertible Note”) for a principal amount of $200 million to Glencore Ltd. (“Glencore”), a subsidiary of Glencore plc (LON: GLEN). The Glencore Convertible Note will mature on May 31, 2027 unless repurchased, redeemed or converted earlier. Interest on the Glencore Convertible Note is payable semi-annually, with Li-Cycle permitted to pay interest on the Glencore Convertible 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 Glencore Convertible 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 Convertible 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 Convertible Note, a number of common shares equal to the principal amount of the Glencore Convertible 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. As at June 30, 2023, no conversions had taken place.</div><div style="margin-bottom:0.06pt;margin-top: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 Convertible Note has been recorded as an embedded derivative liability as the conversion ratio does not always result in a conversion of a fixed dollar </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt">amount of liability for a fixed number of shares. The Glencore Convertible Note has a conversion price of approximately $9.95 per Li-Cycle common share, subject to customary anti-dilution adjustments. The Company has elected to pay interest by PIK since the first interest payment on November 30, 2022. The Glencore Convertible Note and the PIK notes issued thereunder are referred to collectively as the "Glencore Convertible Notes", and as at December 31, 2022, comprised the following:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.230%"><tr><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:52.641%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.159%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">Date Issued</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:top">Amount Issued</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Glencore Convertible Note</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">May 31, 2022</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">200.0 </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:top">PIK Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">November 30, 2022</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8.1 </td><td style="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:top">PIK Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">May 31, 2023</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></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:top">Total</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></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">216.5 </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"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-bottom:0.01pt;padding-left:27pt"> </div><div style="margin-bottom:0.12pt;padding-left:27pt">The fair value of the embedded derivative liability upon issuance of the Glencore Convertible 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 three and six months ended June 30, 2023, the Company recognized a fair value gain of $6.4 million and $5.9 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:94.230%"><tr><td style="width:1.0%"></td><td style="width:35.124%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><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">December 31, 2022</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">June 30, 2023</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">4.2%</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">4.4 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">68%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">63%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">48%</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">$4.76</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$5.55</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:94.230%"><tr><td style="width:1.0%"></td><td style="width:56.382%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">KSP Convertible Notes (a)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">97.4 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">91.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Glencore Convertible Notes (b)</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">186.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">181.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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 convertible debt at end of the 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">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">284.2 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">272.9 </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></tr></table><div style="padding-left:28.8pt">(a) KSP Convertible Notes</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:94.230%"><tr><td style="width:1.0%"></td><td style="width:56.382%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.160%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td><td colspan="3" style="display:none"></td></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 notes at beginning of the period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">110.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">101.8 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></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">4.4 </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">8.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></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">Principal of convertible notes at end of the period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">114.6 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">110.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature at beginning of the period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.0 </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">19.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value loss (gain) on embedded derivative</td><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(13.9)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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 the period</td><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><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component at beginning of the period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">85.5 </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">74.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></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">4.4 </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">8.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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">(4.4)</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">(8.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Accrued interest expense and accretion</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">6.6 </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">11.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></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">Debt component at end of the period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">92.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">85.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></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:bottom">Total convertible debt at end of the 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">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">97.4 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">91.5 </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><td colspan="3" style="display:none"></td></tr></table></div>The KSP Convertible Note and the PIK notes issued thereunder are referred to collectively as the "KSP Convertible Notes”, and as at June 30, 2023, 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><td style="width:20.267%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:56.164%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.269%"></td><td style="width:0.1%"></td></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 Convertible 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"></td></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"></td></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"></td></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, 2022</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4.3 </td><td style="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:top">PIK Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">June 30, 2023</td><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"></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:top">Total</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></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">114.6 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table><div style="margin-bottom:6pt;padding-left:27pt">(b) Glencore Convertible Notes</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><td style="width:56.310%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.194%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td><td colspan="3" style="display:none"></td></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 notes at beginning of the period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">208.1 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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><td colspan="3" style="display:none"></td></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">8.4 </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">208.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></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">Principal of convertible notes at end of the period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">216.5 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">208.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Conversion feature at beginning of the period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">16.5 </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">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></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><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><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value loss (gain) on embedded derivative</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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(29.7)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></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 the period</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">10.6 </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">16.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr style="height:12pt"><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Debt component at beginning of the period</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">164.9 </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">— </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></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">8.4 </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">162.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></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><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><td colspan="3" style="display:none"></td></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">(8.4)</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">(8.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Accrued interest expense and accretion</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">11.3 </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">12.3 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></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">Debt component at end of the period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">176.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">164.9 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="display:none"></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:bottom">Total convertible debt at end of the 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">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">186.8 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">181.4 </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><td colspan="3" style="display:none"></td></tr></table></div>The Glencore Convertible Note and the PIK notes issued thereunder are referred to collectively as the "Glencore Convertible Notes", and as at December 31, 2022, comprised the following:<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><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:52.641%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.159%"></td><td style="width:0.1%"></td></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">Glencore Convertible Note</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">May 31, 2022</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">200.0 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">PIK Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">November 30, 2022</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">PIK Note</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">May 31, 2023</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">8.4 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">Total</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">216.5 </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"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table> 97400000 91500000 186800000 181400000 284200000 272900000 110200000 101800000 4400000 8400000 114600000 110200000 6000000.0 19900000

700000

13900000

5300000 6000000.0 85500000 74200000 4400000 8400000 -4400000 -8400000

6600000

11300000

92100000 85500000

97400000

91500000

100000000

0.05

0.06 0.01 0.02 100000000.0 1800000 4100000 4300000 4400000 114600000 13.43 1.25 17.46

27700000

72300000

1600000

900000

700000

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:94.230%"><tr><td style="width:1.0%"></td><td style="width:35.124%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><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">December 31, 2022</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">June 30, 2023</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 #000000;padding:2px 1pt;text-align:left;vertical-align:top">4.2%</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top">4.6%</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">3.8 years</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">3.3 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">63%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">49%</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">$4.76</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$5.55</td></tr></table>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:94.230%"><tr><td style="width:1.0%"></td><td style="width:35.124%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.160%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><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">December 31, 2022</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">June 30, 2023</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">4.2%</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">4.4 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">68%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">63%</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">48%</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">$4.76</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">$5.55</td></tr></table>

1.1

4.2

4.6

3.8

3.3

0.66

0.63

0.49

12.56

4.76

5.55

208100000 0 8400000 208100000 216500000 208100000 16500000 0

46200000

5900000

29700000

10600000 16500000 164900000 0 8400000 162000000.0

1300000

-8400000 -8100000

11300000

12300000

176200000 164900000 186800000 181400000

200000000

0.0042826

0.05

0.06 0.01 0.02 9.95 200000000.0 8100000 8400000 216500000

46200000

153800000

1300000

6400000

5900000

2.9

4.2

4.4

3.9

0.68

0.63

0.48

8.15

4.76

5.55

Restoration Provision<div style="padding-left:28.8pt">The Company has a legal obligation to complete the site restoration and decommissioning of its leased plant properties in Germany, New York and Ontario. The provision for decommissioning and site restoration is determined using the estimated costs provided by the State of Saxony-Anhalt, Germany, New York Department of Environmental Conservation and Ontario Ministry of the Environment, Conservation and Parks. </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:28.8pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">The following table represents the continuity of the restoration provision associated with the Company’s leased plant properties: </div><div style="margin-bottom:0.06pt;padding-left:0.28pt;text-indent:-0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.18pt;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><td style="width:57.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.172%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of the period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.3 </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="background-color:#ffffff;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">2.3 </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">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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">Balance, end of the 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">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">2.7 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.4 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>The present value of the restoration provision of $2.7 million (2022: $0.4 million) was calculated using an average risk-free rate of 1.55%.

<div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt">The following table represents the continuity of the restoration provision associated with the Company’s leased plant properties: </div><div style="margin-bottom:0.06pt;padding-left:0.28pt;text-indent:-0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.18pt;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><td style="width:57.332%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.172%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.196%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of the period</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.4 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:middle">0.3 </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="background-color:#ffffff;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">2.3 </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">0.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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">Balance, end of the 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">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">2.7 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">0.4 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr></table></div>

400000

300000

2300000

100000

2700000

400000

2700000

400000

0.0155 WarrantsIn 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 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 $0.10 per warrant.</div><div style="padding-left:28.8pt"> </div><div style="margin-bottom:6pt;margin-top:1pt;padding-left:28.8pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:93.750%"><tr><td style="width:1.0%"></td><td style="width:57.874%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.412%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.414%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the six months ended June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:middle">Number of warrants</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, beginning of the period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,997,712 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">57.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">(7,396)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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></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><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></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><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></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value (gain) on warrants</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(11.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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 period</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><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></tr></table></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 June 30, 2022, there were 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 P30D 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:93.750%"><tr><td style="width:1.0%"></td><td style="width:57.874%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.412%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.414%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the six months ended June 30,</td><td colspan="3" style="padding:0 1pt"></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 #000000;padding:0 1pt"></td><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></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 period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">22,997,712 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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">57.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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">(7,396)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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></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><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></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><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></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Fair value (gain) on warrants</td><td colspan="3" style="padding:0 1pt"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(11.1)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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 period</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><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></tr></table> 22997712

57100000

-7396 0 -22540651 -46000000.0 -449665 0 11100000 0

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 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: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:94.230%"><tr><td style="width:1.0%"></td><td style="width:37.845%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:19.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.104%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.935%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">For the</td><td colspan="3" style="display:none"></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Six months ended</td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year ended</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom">June 30, 2023</td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom">December 31, 2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></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 the period</td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">176.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">772.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">163.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">672.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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="display:none"></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><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Exercise of warrants (Note 17)</td><td colspan="3" style="display:none"></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><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><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><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></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="display:none"></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><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><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><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></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Unwinding of Non-controlling interest</td><td colspan="3" style="display:none"></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><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><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><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></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 the period</td><td colspan="3" style="display:none"></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:bottom">177.8 </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><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">776.8 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">176.1 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">772.4 </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></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 </div><div style="margin-bottom:0.06pt;margin-top:0.18pt;padding-left:28.8pt">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">Stock options have been issued under the Company's 2021 Long Term-Incentive Plan ("LTIP Plan") and certain legacy plans ("Legacy Plans"). 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><td style="width:32.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.478%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.439%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">For the six months ended June 30,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td><td colspan="3" style="padding:0 1pt"></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 #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">$ millions, except number of options</td><td colspan="3" style="border-top:0.5pt solid #000000;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 period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,368,732 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">4.58 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,328,279 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">2.88 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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">1,088,500 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5.76 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">687,993 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">7.61</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">(1,475,618)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.74 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,186,547)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">0.34</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">(124,133)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10.32 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">10.93</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, end of the period</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,857,481 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6.20 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,827,106 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4.17</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">1,835,320 </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><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">4.92 </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><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">3,367,088 </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><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">1.90</td></tr></table></div><div style="padding-left:28.8pt"> </div><div style="padding-left:28.8pt">During the six months ended June 30, 2023, 1,475,618 stock options were exercised on a cashless basis (2022: 1,186,547), resulting in the issuance of 1,244,036 common shares (2022: 6,846,906) of the Company, 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:94.230%"><tr><td style="width:1.0%"></td><td style="width:21.348%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.464%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.668%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.964%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As of June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">Plan</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;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">Legacy Plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">$ 0.37-2.15</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,078,057</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">5.90</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom">April 2024- February 2031</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">LTIP Plans</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">4.94-13.20</div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,779,424</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8.83</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">August 2031 - May 2033</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></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">3,857,481</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td></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 $1.1 million and $1.8 million related to stock options during the three and six months ended June 30, 2023, respectively (three and six months ended June 30, 2022: $1.3 million and $4.6 million, respectively).</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 three and six months ended June 30, 2023 was determined to be $nil and $3.6 million, respectively (three and six months ended June 30, 2022: $nil and $3.3 million, respectively), using the Black-Scholes Merton option pricing model. The assumptions used in the stock option pricing model for the grants during the six months ended June 30, 2023 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><td style="width:53.321%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:44.479%"></td><td style="width:0.1%"></td></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>3.45% - 3.59%</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">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%</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>57.81% - 58.65%</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"><div>0.146% - 4.127%</div></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></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") 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 common shares from the Company. 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 $2.8 million and $5.5 million in the three and six months ended June 30, 2023, respectively (three and six months ended June 30, 2022: $3.2 million and $6.9 million, respectively).</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:0.06pt;margin-top:1pt;padding-left:28.8pt">A summary of RSU activities is as follows:</div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.070%"><tr><td style="width:1.0%"></td><td style="width:30.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.342%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the six months ended June 30,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">$ 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 period</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:middle">2,000,680</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:middle">8.69</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:middle">938,752</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:bottom">11.47</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Granted</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,261,496</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5.63</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,377,985</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">7.70</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">(544,000)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7.67</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(40,404)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">13.20</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">(206,821)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7.92</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(24,613)</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:bottom">9.15 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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">Balance, end of the period</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">3,511,355</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">6.92</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">2,251,720</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">9.16</td></tr></table></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 three and six months ended June 30, 2023 vest over 1 to 3 years.</div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt;padding-left:27pt">For the three and six months ended June 30, 2023, RSU and stock option costs capitalized to assets under construction were $0.2 million and $0.4 million, respectively (three and six months ended June 30, 2022: $nil and $nil, respectively).</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:94.230%"><tr><td style="width:1.0%"></td><td style="width:37.845%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:19.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.104%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:8.935%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">For the</td><td colspan="3" style="display:none"></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Six months ended</td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom">Year ended</td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom">June 30, 2023</td><td colspan="6" style="padding:2px 1pt;text-align:right;vertical-align:bottom">December 31, 2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:0 1pt"></td><td colspan="3" style="display:none"></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 the period</td><td colspan="3" style="display:none"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">176.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">772.4 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">163.2 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">672.1 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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="display:none"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.2 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></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="display:none"></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><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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">1.6 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.5 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Exercise of warrants (Note 17)</td><td colspan="3" style="display:none"></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><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><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><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></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="display:none"></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><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><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><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></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">Unwinding of Non-controlling interest</td><td colspan="3" style="display:none"></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><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><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><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></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 the period</td><td colspan="3" style="display:none"></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:bottom">177.8 </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><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">776.8 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">176.1 </td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000000;border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">772.4 </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></tr></table></div>

176100000

772400000

163200000

672100000

500000

4200000

300000

4100000

1200000

600000

1600000

500000

5700000 46000000.0

5300000

49700000

-400000

177800000

776800000

176100000

772400000

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><td style="width:32.913%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.478%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.335%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:17.439%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:top">For the six months ended June 30,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td><td colspan="3" style="padding:0 1pt"></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 #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">$ millions, except number of options</td><td colspan="3" style="border-top:0.5pt solid #000000;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 period</td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">4,368,732 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:middle">4.58 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="2" style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5,328,279 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #242424;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #242424;padding:2px 0;text-align:right;vertical-align:bottom">2.88 </td><td style="border-top:0.5pt solid #242424;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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">1,088,500 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">5.76 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">687,993 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">7.61</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">(1,475,618)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">0.74 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">(1,186,547)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">0.34</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">(124,133)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">10.32 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">10.93</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">Balance, end of the period</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3,857,481 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">6.20 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">4,827,106 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4.17</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">1,835,320 </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><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">4.92 </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><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">3,367,088 </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><td colspan="3" style="border-bottom:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">1.90</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:94.230%"><tr><td style="width:1.0%"></td><td style="width:21.348%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:15.056%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:10.464%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.668%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.964%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:bottom">As of June 30,</td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom">Plan</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;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">Legacy Plans</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">$ 0.37-2.15</div></td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">1,078,057</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">5.90</td><td colspan="3" style="border-top:0.5pt solid #000000;padding:2px 1pt;text-align:right;vertical-align:bottom">April 2024- February 2031</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">LTIP Plans</td><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle"><div style="text-align:right">4.94-13.20</div></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,779,424</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">8.83</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">August 2031 - May 2033</td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></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">3,857,481</td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:0 1pt"></td></tr></table></div>

4368732

4.58

5328279

2.88

1088500

5.76

687993

7.61

1475618

0.74

1186547

0.34

124133

10.32

2619

10.93

3857481

6.20

4827106

4.17

1835320

4.92

3367088

1.90

1475618

1186547

1244036

6846906

0.37

2.15

1078057

P5Y10M24D

4.94

13.2

2779424

P8Y9M29D

3857481

1100000

1800000

1300000

4600000

0 3600000 0 3300000

The assumptions used in the stock option pricing model for the grants during the six months ended June 30, 2023 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><td style="width:53.321%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:44.479%"></td><td style="width:0.1%"></td></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>3.45% - 3.59%</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">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%</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>57.81% - 58.65%</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"><div>0.146% - 4.127%</div></td></tr><tr style="height:11pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr></table>

0.0345

0.0359

0.5781

0.5865

0.00146 0.04127 P3Y

-2800000

-5500000

-3200000

-6900000

<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><td style="width:30.756%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.342%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.346%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the six months ended June 30,</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td><td colspan="3" style="padding:0 1pt"></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">$ 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 period</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:middle">2,000,680</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:middle">8.69</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:middle">938,752</td><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:right;vertical-align:bottom">11.47</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Granted</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">2,261,496</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">5.63</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">1,377,985</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">7.70</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">(544,000)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7.67</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(40,404)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">13.20</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">(206,821)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:middle"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:middle">7.92</td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:middle">(24,613)</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:bottom">9.15 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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">Balance, end of the period</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">3,511,355</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">6.92</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">2,251,720</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">9.16</td></tr></table></div>

2000680

8.69

938752

11.47

2261496

5.63

1377985

7.70

544000

7.67

40404

13.20

206821

7.92

24613

9.15

3511355

6.92

2251720

9.16

P1Y P3Y 200000 400000 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 for the purpose of developing a new Spoke facility in southern Norway. Li-Cycle became the majority owner of Li-Cycle Norway AS with a 67% ownership interest, while Nordic-headquartered strategic partners ECO STOR and Morrow held a 31% and 2% ownership interest, respectively. </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="padding-left:28.8pt">On June 29, 2023 the Company purchased all shares of Li-Cycle Norway AS held by ECO STOR and Morrow, eliminating all non-controlling interests in the entity. The Company paid $0.4 million for these shares, bringing its ownership interest in Li-Cycle Norway AS from 67% to 100%. This transaction created a loss of $0.6 million which is reflected in equity and had no impact on the Statement of loss and comprehensive loss. </div><div style="padding-left:28.8pt"> </div><div style="padding-left:28.8pt">The carrying amount of Li-Cycle Norway AS net assets in the Company's consolidated financial statements on the date of acquisition was $0.6 million. </div><div style="padding-left:28.8pt"> </div><div style="padding-left:28.8pt"><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><td style="width:62.551%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.249%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">in millions of US dollars</td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Carrying amount of NCI acquired ($0.6 million x 33%)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Consideration paid to NCI</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></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">A decrease in equity attributable to owners of the Company</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">0.6 </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></tr></table></div>

0.67

0.31

0.02

400000

0.67

-600000

<div style="padding-left:28.8pt">The carrying amount of Li-Cycle Norway AS net assets in the Company's consolidated financial statements on the date of acquisition was $0.6 million. </div><div style="padding-left:28.8pt"> </div><div style="padding-left:28.8pt"><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><td style="width:62.551%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:35.249%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:top">in millions of US dollars</td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #242424;padding:2px 1pt;text-align:left;vertical-align:middle">Carrying amount of NCI acquired ($0.6 million x 33%)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">0.2 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Consideration paid to NCI</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></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">A decrease in equity attributable to owners of the Company</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">0.6 </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></tr></table></div> 200000

400000

-600000

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 period.</div><div style="padding-left:28.8pt">The Company’s financial assets and financial liabilities 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><td style="width:56.382%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:20.160%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">June 30, 2023</td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">December 31, 2022</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 14.5pt;text-align:left;vertical-align:middle">Conversion feature of convertible debt (refer to Note 15)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">15.9 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">22.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt 2px 15.77pt;text-align:left;vertical-align:middle">Accounts receivable</td><td style="border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">0.9</td><td colspan="3" style="display:none"></td><td style="border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">4.3</td><td colspan="3" style="display:none"></td></tr></table></div><div style="margin-top:1pt;padding-left:28.8pt"> </div><div style="padding-left:27pt">Refer to Note 5 above for additional details related to measurement of accounts receivable. </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 and other currencies in addition to U.S. dollars. As at June 30, 2023, 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 15.</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:0.06pt;margin-top:0.01pt;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 above a minimum credit rating and with a cap on maximum deposits with any one institution. 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:0.28pt"> </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:27pt">The Company's revenue and accounts receivable primarily come from three 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:0.28pt"> </div><div style="margin-bottom:6pt;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:6pt;margin-top:1pt;padding-left:28.8pt">The Corporation’s undiscounted 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><td style="width:30.756%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Undiscounted, at June 30,</td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><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><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">77.9 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">77.9 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</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"></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"></td></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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">81.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">17.1</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">14.8</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">41.2</td></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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">0.1</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><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3.0</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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">331.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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><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><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">331.1</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></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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">115.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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><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><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">115.0</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></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><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">609.0 </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><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">86.7 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">17.2 </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><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">460.9 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">44.2 </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></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 June 30, 2023 and December 31, 2022, in relation to the impact of movements in the cobalt and nickel price for the provisionally invoiced sales volume of Black Mass & Equivalents by metric tonne:</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><td style="width:36.995%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.377%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><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:bottom">As at</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">BM&E 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">4,977</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,428</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,977</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,428</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">10% increase in prices</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">0.5</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">0.8</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">0.9</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">10% decrease in prices</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top">(0.5)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top">(0.8)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top">(0.9)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">(1.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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 June 30, 2023 and December 31, 2022:</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:94.230%"><tr><td style="width:1.0%"></td><td style="width:58.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.309%"></td><td style="width:0.1%"></td></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</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</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">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">31,416</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">41,337</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">20,075</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:36pt;vertical-align:top">30,400</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><div style="margin-bottom:1pt;margin-top:1pt;padding-left:27pt"> </div><div style="margin-bottom:1pt;margin-top:1pt;padding-left:27pt">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).</div>The Company is not subject to any externally imposed capital requirements as of June 30, 2023.

<div style="padding-left:28.8pt">The Company’s financial assets and financial liabilities 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><td style="width:56.382%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.158%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:20.160%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">June 30, 2023</td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">December 31, 2022</td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt 2px 14.5pt;text-align:left;vertical-align:middle">Conversion feature of convertible debt (refer to Note 15)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">15.9 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">22.5 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="border-bottom:1pt solid #000;padding:2px 1pt 2px 15.77pt;text-align:left;vertical-align:middle">Accounts receivable</td><td style="border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">0.9</td><td colspan="3" style="display:none"></td><td style="border-bottom:1pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-bottom:1pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">4.3</td><td colspan="3" style="display:none"></td></tr></table></div>

15900000

22500000

900000

4300000

0.05 3

The Corporation’s undiscounted significant contractual obligations and interest and principal repayments in respect of its financial liabilities and provisions are presented in the following 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><td style="width:30.756%"></td><td style="width:0.1%"></td><td colspan="3" style="display:none"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.528%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.532%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">Undiscounted, at June 30,</td><td colspan="3" style="display:none"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">2023</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="display:none"></td><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><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">77.9 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">77.9 </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">— </td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</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"></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"></td></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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">81.9 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">8.8 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">17.1</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">14.8</td><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">41.2</td></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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">3.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">0.1</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><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">3.0</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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">331.1 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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><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><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">331.1</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></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><td colspan="2" style="padding:2px 0 2px 1pt;text-align:right;vertical-align:bottom">115.0 </td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></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><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><td colspan="3" style="padding:2px 1pt;text-align:right;vertical-align:bottom">115.0</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></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><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">609.0 </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><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">86.7 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">17.2 </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><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">460.9 </td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:bottom"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:bottom">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:bottom">44.2 </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></tr></table>

77900000

81900000

8800000

17100000

14800000

41200000

3100000

100000

3000000.0

331100000

115000000.0

609000000.0

86700000

17200000

460900000

44200000

<div style="margin-bottom:6pt;margin-top:1pt;padding-left:27pt">The following table sets out the Company's exposure, as at June 30, 2023 and December 31, 2022, in relation to the impact of movements in the cobalt and nickel price for the provisionally invoiced sales volume of Black Mass & Equivalents by metric tonne:</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><td style="width:36.995%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.376%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:14.377%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><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:bottom">As at</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:left;vertical-align:bottom">BM&E 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">4,977</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,428</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,977</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:bottom">4,428</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">10% increase in prices</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">0.5</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">0.8</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="background-color:#ffffff;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">0.9</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">1.4</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">10% decrease in prices</td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top">(0.5)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top">(0.8)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="background-color:#ffffff;padding:2px 0;text-align:right;vertical-align:top">(0.9)</td><td style="background-color:#ffffff;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="padding:2px 0;text-align:right;vertical-align:top">(1.4)</td><td style="padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></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 June 30, 2023 and December 31, 2022:</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:94.230%"><tr><td style="width:1.0%"></td><td style="width:58.083%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.308%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:19.309%"></td><td style="width:0.1%"></td></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</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">June 30, 2023</td><td colspan="3" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">December 31, 2022</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">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">31,416</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">41,337</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">20,075</td><td colspan="3" style="padding:2px 1pt;text-align:right;text-indent:36pt;vertical-align:top">30,400</td></tr></table></div> 4977 4428 4977 4428 500000 800000 900000 1400000 -500000 -800000 -900000 -1400000 31416 41337 20075 30400

Commitments and contingencies<div style="margin-top:6pt;padding-left:28.8pt">As of June 30, 2023, there were $11.8 million in committed purchase orders or agreements for equipment and services (December 31, 2022: $9.5 million). </div><div style="margin-bottom:0.06pt;margin-top:0.01pt;padding-left:0.28pt"> </div><div style="margin-bottom:0.01pt;margin-top:0.01pt"> 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 </div><div style="padding-left:28.8pt">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 now 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>

11800000 9500000 2 2

s per share <table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.391%"><tr><td style="width:1.0%"></td><td style="width:42.193%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.670%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.670%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.482%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.485%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the three and six months ended June 30, </td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">2023</td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">2022</td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">2023</td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">In millions</td></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">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">(35.2)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">(28.1)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 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">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(74.6)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(38.2)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Weighted average number of common shares</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">177.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">168.6</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">176.7</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">168.4</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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:bottom">Basic and diluted loss per common share</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">(0.20)</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">(0.17)</td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">(0.42)</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">(0.23)</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table>

<table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:94.391%"><tr><td style="width:1.0%"></td><td style="width:42.193%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.670%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.670%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.482%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:12.485%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">For the three and six months ended June 30, </td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">2023</td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">2022</td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">2023</td><td colspan="3" style="border-bottom:0.5pt solid #000;padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">2022</td></tr><tr><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="12" style="border-top:0.5pt solid #000;padding:2px 1pt;text-align:right;vertical-align:middle">In millions</td></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">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">(35.2)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">(28.1)</td><td style="border-top:0.5pt solid #000;padding:2px 1pt 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">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(74.6)</td><td style="border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="border-top:0.5pt solid #000;padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">(38.2)</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:2px 1pt;text-align:left;vertical-align:middle">Weighted average number of common shares</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">177.2</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">168.6</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">176.7</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:top">168.4</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></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:bottom">Basic and diluted loss per common share</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">(0.20)</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">(0.17)</td><td style="background-color:#ffffff;border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">(0.42)</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 0;text-align:right;vertical-align:top">(0.23)</td><td style="border-bottom:1pt solid #000;border-top:0.5pt solid #000;padding:2px 1pt 2px 0;text-align:right;vertical-align:top"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table>

-35200000

-28100000

-74600000

-38200000

177200000

168600000

176700000

168400000

-0.20

-0.17

-0.42

-0.23

Segment reporting<div style="margin-bottom:6pt;margin-top:6pt;padding-left:27pt">The condensed consolidated financial information presented in the accompanying 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:6pt;padding-left:27pt">During the three and six months ended June 30, 2023, the Company operated in Canada and the United States. The Company also has invested 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><td style="width:40.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.784%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.784%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.784%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.787%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><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><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Three months ended June 30, 2023</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">1.4</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">2.2</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">—</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">3.6</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Three months ended June 30, 2022</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.6</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">(0.6)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Six months ended June 30, 2023</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.9</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">6.3</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">7.2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Six months ended June 30, 2022</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:middle">5.2</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:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">8.0</td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></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><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at June 30, 2023</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">54.7</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">363.6</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">28.8</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">11.1</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">458.2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As of December 31, 2022</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">38.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">213.0</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">11.6</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">2.7</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">265.4</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="padding-left:27pt"> </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>

The following is a summary of the Company’s geographical information: <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><td style="width:40.906%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.784%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:13.355%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.784%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.784%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:9.787%"></td><td style="width:0.1%"></td></tr><tr><td colspan="3" style="padding:0 1pt"></td><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><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td><td colspan="3" style="border-top:0.5pt solid #000;padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Three months ended June 30, 2023</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">1.4</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">2.2</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">—</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">3.6</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Three months ended June 30, 2022</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">0.6</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">(0.6)</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">—</td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Six months ended June 30, 2023</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">0.9</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:middle">6.3</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:middle">$</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">7.2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:middle">Six months ended June 30, 2022</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:middle">5.2</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:middle">—</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">8.0</td></tr><tr style="height:12pt"><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></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><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td><td colspan="3" style="padding:0 1pt"></td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As at June 30, 2023</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">54.7</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">363.6</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">28.8</td><td style="padding:2px 0 2px 1pt;text-align:left;vertical-align:top">$</td><td colspan="2" style="padding:2px 3.77pt 2px 0;text-align:right;vertical-align:top">11.1</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">458.2</td></tr><tr><td colspan="3" style="padding:2px 1pt;text-align:left;vertical-align:bottom">As of December 31, 2022</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">38.1</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">213.0</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">11.6</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">2.7</td><td colspan="3" style="padding:2px 3.77pt 2px 1pt;text-align:right;vertical-align:middle">265.4</td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table>

1400000

2200000

3600000

600000

-600000

900000

6300000

7200000

2800000

5200000

8000000.0

54700000

363600000

28800000

11100000

458200000

38100000

213000000.0

11600000

2700000

265400000