Amendment: SEC Form SCHEDULE 13D/A filed by Li-Cycle Holdings Corp.

Item 4 of the Schedule 13D is hereby supplemented as follows: On January 31, 2025, the Issuer amended and restated the Senior Secured Convertible Note (the "A&R Senior Secured Convertible Note"), A&R Convertible Note No. 1 (the "Second A&R Convertible Note No. 1") and A&R Convertible Note No. 2 (the "Second A&R Convertible Note No. 2" and together with the Second A&R Convertible Note No. 1 and A&R Senior Secured Convertible Note, the "Glencore Notes"). Additionally, the Issuer, Glencore Canada Corporation, Glencore Ltd. and Glencore Canada Corporation, as collateral agent, entered into Amendment No. 1 to the New Note Purchase Agreement, as amended and restated (the "NPA Amendment"). Among other things, the amendments to the Glencore Notes and the NPA Amendment: Entitle Glencore Canada Corporation (and any warrants issued in accordance with the Glencore Notes) to equivalent pro rata distributions made to common shareholders; Entitle any warrants issued in accordance with the Glencore Notes to have the Issuer repurchase the warrants for cash upon a change of control, at the holder's election, based on a Black-Scholes lite valuation; Entitle Glencore Canada Corporation (and any warrants issued in accordance with the Glencore Notes) to an economic anti-dilution adjustment, in addition to modification of the conversion or exchange price, as applicable, in the event of a reverse stock split or similar share combination; Add provisions to the Glencore Notes (and any warrants issued in accordance with the Glencore Notes) that specify conversion or exchange price adjustments, as applicable, in connection with the future issuance by the Issuer of additional Common Shares or instruments exchangeable or convertible into Common Shares; Add provisions to the Glencore Notes (and any warrants issued in accordance with the Glencore Notes) that provide for compensation in the event that the Company fails to timely deliver Common Shares upon conversion of the Glencore Notes or exercise of the related warrants, as applicable; and Remove contractual transfer restrictions on the warrants issued in accordance with the Glencore Notes and the Common Shares underlying such warrants. The conversion price for the A&R Senior Secured Convertible Note, Second A&R Convertible Note No. 1 and Second A&R Convertible Note No. 2 remains $3.02, $2.33, and $49.60, respectively, with each subject to future adjustments in accordance with the terms of the applicable notes.

Item 5(a) of the Schedule 13D is hereby amended and supplemented as follows: The responses of the Reporting Persons to Rows (7) through (13) of the cover pages of this Amendment No. 8, as of February 4, 2025, are incorporated herein by reference. As of such date, the Reporting Persons may be deemed to have shared power to vote, direct the vote, dispose of or direct the disposition of (and therefore beneficially own), an aggregate of 83,530,318 Common Shares issuable upon the conversion of the A&R Senior Secured Convertible Note, Second A&R Convertible Note No. 1 and Second A&R Convertible Note No. 2 directly owned by Glencore Canada Corporation, including accrued but unpaid interest through February 4, 2025, plus 7,423 Common Shares previously awarded to Mr. Kunal Sinha under the Issuer's 2021 Incentive Award Plan. This amount of Common Shares represents approximately 66.5% of the outstanding Common Shares and is calculated based on 42,163,821 Common Shares of the Issuer outstanding as of as of January 30, 2025 (such outstanding shares based on information provided to the Reporting Persons by the Issuer), plus the 83,530,318 Common Shares of the Issuer issuable to Glencore Canada Corporation upon conversion of the A&R Senior Secured Convertible Note, Second A&R Convertible Note No. 1 and Second A&R Convertible Note No. 2 directly owned by Glencore Canada Corporation including accrued but unpaid interest through February 4, 2025. Mr. Sinha is the Global Head of Recycling at the Glencore group and holds the securities reported herein for the benefit of the Reporting Persons, and will, after vesting, if applicable, transfer the securities directly to the Reporting Persons. As of the date hereof, the aggregate outstanding principal amount of the A&R Senior Secured Convertible Note, Second A&R Convertible Note No. 1 and Second A&R Convertible Note No. 2 is $81,573,643.75 (inclusive of PIK interest), $124,059,131.32 (inclusive of PIK interest) and $121,772,741.47 (inclusive of PIK interest), respectively.

Item 5(b) of the Schedule 13D is hereby amended and supplemented as follows: The information set forth in Item 5(a) of this Amendment No. 8 is hereby incorporated herein by reference.

Item 5(c) of the Schedule 13D is hereby amended and supplemented as follows: Except as otherwise disclosed in this Amendment No. 8 and the Schedule 13D, none of the Reporting Persons nor, to the Reporting Persons' knowledge, any of the Schedule I Persons, has effected any transaction during the past 60 days in, any Common Shares.

Item 6 of the Schedule 13D is hereby amended and supplemented as follows: The information set forth in Item 4 of this Amendment No. 8 is hereby incorporated herein by reference.

Item 7 of the Schedule 13D is hereby amended and supplemented as follows: Exhibit 99.10 A&R Senior Secured Convertible Note, dated January 31, 2025 (incorporated by reference to Exhibit 4.1 of the Issuer's Form 8-K filed with the SEC on January 31, 2025) Exhibit 99.11 Second A&R Convertible Note No. 1, dated January 31, 2025 (incorporated by reference to Exhibit 4.2 of the Issuer's Form 8-K filed with the SEC on January 31, 2025) Exhibit 99.12 Second A&R Convertible Note No. 2, dated January 31, 2025 (incorporated by reference to Exhibit 4.3 of the Issuer's Form 8-K filed with the SEC on January 31, 2025) Exhibit 99.13 NPA Amendment, dated January 31, 2025 (incorporated by reference to Exhibit 10.1 of the Issuer's Form 8-K filed with the SEC on January 31, 2025)