Li-Cycle (LICY) 6-K 14 Sep 22 Li-Cycle Reports Third Quarter 2022 Financial Results; Continuing Advancement of Spoke & Hub Network Strategy Financial data

Cover

Cover	9 Months Ended
	Jul. 31, 2022
Document Information [Line Items]
Document period end date	Jul. 31, 2022
Current fiscal year end date	--10-31
Amendment flag	false
Central index key	0001828811
Document fiscal year focus	2022
Document fiscal period focus	Q3
Document Type	6-K
Registrant name	LI-CYCLE HOLDINGS CORP.

Consolidated statements of fina

Consolidated statements of financial position - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Current assets
Cash and cash equivalents	$ 649,026,466	$ 596,858,298
Accounts receivable	5,267,403	4,072,701
Other receivables	4,220,123	973,145
Prepayments and deposits	93,722,271	8,585,224
Inventory	5,900,931	1,259,581
Current assets	758,137,194	611,748,949
Non-current assets
Plant and equipment	89,753,260	26,389,463
Right-of-use assets	54,912,574	27,009,760
Other non-current assets	2,109,568	0
Non-current assets	146,775,402	53,399,223
Total assets	904,912,596	665,148,172
Current liabilities
Accounts payable and accrued liabilities	38,458,692	18,701,116
Lease liabilities	5,478,799	2,868,795
Loans payable	7,495	7,752
Current liabilities	43,944,986	21,577,663
Non-current liabilities
Lease liabilities	51,486,271	26,496,074
Loans payable	26,335	31,996
Total Convertible Debt at end of period	284,853,896	100,877,838
Warrants	0	82,109,334
Restoration provisions	434,489	334,233
Non-current liabilities	336,800,991	209,849,475
Total liabilities	380,745,977	231,427,138
Shareholders' equity
Share capital	768,608,594	672,079,154
Contributed surplus	16,238,257	3,026,721
Accumulated deficit	(260,647,570)	(241,088,229)
Accumulated other comprehensive loss	(296,612)	(296,612)
Equity attributable to owners of parent	523,902,669	433,721,034
Net assets attributable to non-controlling interest	263,950	0
Shareholders' equity	524,166,619	433,721,034
Liabilities and shareholders' equity	$ 904,912,596	$ 665,148,172

Consolidated statements of loss

Consolidated statements of loss and comprehensive loss - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Revenue
Product sales	$ (2,338,949)	$ 1,593,563	$ 9,574,620	$ 2,682,531
Recycling services	372,510	115,560	950,134	301,216
Revenue	(1,966,439)	1,709,123	10,524,754	2,983,747
Expenses
Employee salaries and benefits	9,525,996	3,476,995	28,633,550	7,722,475
Professional fees	4,184,457	1,216,310	10,618,212	4,218,362
Share-based compensation	3,998,966	298,489	13,675,130	1,307,874
Raw materials and supplies	3,571,752	1,109,582	6,802,193	2,003,939
Office, administrative and travel	5,293,879	431,881	11,287,158	1,053,766
Depreciation	2,969,337	697,604	6,790,188	1,830,603
Research and development	514,769	576,551	1,384,635	1,928,582
Freight and shipping	671,358	155,456	1,469,203	587,953
Plant facilities	1,073,881	227,942	2,494,919	676,278
Marketing	661,749	160,479	1,858,324	465,269
Change in finished goods inventory	81,820	(475,862)	82,807	(1,120,755)
Expenses by nature	32,547,964	7,875,427	85,096,319	20,674,346
Loss from operations	(34,514,403)	(6,166,304)	(74,571,565)	(17,690,599)
Other (income) expense
Fair value (gain) loss on financial instruments	(8,567,022)	508,850	(62,300,143)	2,433,196
Interest expense	3,533,007	437,163	9,725,534	932,497
Foreign exchange (gain) loss	51,691	(214,496)	180,534	536,216
Interest income	(2,010,423)	(503)	(2,557,099)	(1,725)
Other (income) expense	(6,992,747)	731,014	(54,951,174)	3,900,184
Net loss before taxes	(27,521,656)	(6,897,318)	(19,620,391)	(21,590,783)
Income tax	0	0	5,000	0
Net loss	(27,521,656)	(6,897,318)	(19,625,391)	(21,590,783)
Shareholders of Li-Cycle Holdings Corp.	(27,479,280)	(6,897,318)	(19,559,341)	(21,590,783)
Non-controlling interest	$ (42,376)	$ 0	$ (66,050)	$ 0
Loss per common share - basic (in dollars per share)	$ (0.16)	$ (0.07)	$ (0.12)	$ (0.23)
Loss per common share - diluted (in dollars per share)	$ (0.16)	$ (0.07)	$ (0.12)	$ (0.23)

Consolidated statements of chan

Consolidated statements of changes in equity	USD ($) shares	Stock options USD ($)	Restricted share units USD ($) shares	Series C Shares USD ($)	Public Shares USD ($)	Share capital USD ($) shares	Share capital Restricted share units USD ($) shares	Share capital Series C Shares USD ($) shares	Share capital Public Shares USD ($) shares	Contributed surplus USD ($)	Contributed surplus Stock options USD ($)	Contributed surplus Restricted share units USD ($)	Accumulated deficit USD ($)	Accumulated other comprehensive loss USD ($)	Equity attributable to the Shareholders of Li-Cycle Holdings Corp. USD ($)	Equity attributable to the Shareholders of Li-Cycle Holdings Corp. Stock options USD ($)	Equity attributable to the Shareholders of Li-Cycle Holdings Corp. Restricted share units USD ($)	Non-controlling interest (Note 15) USD ($)
Shareholders' equity, beginning balance (in shares) at Oct. 31, 2020 | shares						83,361,291
Shareholders' equity, beginning balance at Oct. 31, 2020	$ 1,440,730					$ 15,441,600				$ 824,683			$ (14,528,941)	$ (296,612)	$ 1,440,730
Changes in equity [abstract]
Stock option expense		$ 702,932									$ 702,932					$ 702,932
Share issuance (in shares) | shares								11,220,218	0
Share issuance				$ 21,620,000	$ 0			$ 21,620,000							21,620,000
Shares issued for non-cash costs (in shares) | shares						478,920
Equity issued for non-cash costs	0					$ 455,055				(455,055)
Exercise of stock options (in shares) | shares						1,024,250
Exercise of stock options	169,105					$ 289,224				(120,119)					169,105
Exercise of warrants (in shares) | shares						0
Exercise of warrants	0					$ 0				0
Restricted Share Units Expense			$ 0									$ 0
Restricted Share Units settled in shares (in shares) | shares							0
Restricted share units settled			0				$ 0
Comprehensive loss	(21,590,783)												(21,590,783)		(21,590,783)
Shareholders' equity, ending balance (in shares) at Jul. 31, 2021 | shares						96,084,679
Shareholders' equity, ending balance at Jul. 31, 2021	2,341,984					$ 37,805,879				952,441			(36,119,724)	(296,612)	2,341,984
Shareholders' equity, beginning balance (in shares) at Oct. 31, 2020 | shares						83,361,291
Shareholders' equity, beginning balance at Oct. 31, 2020	1,440,730					$ 15,441,600				824,683			(14,528,941)	(296,612)	1,440,730
Changes in equity [abstract]
Share issuance (in shares) | shares								11,220,218	65,671,374
Share issuance								$ 21,620,000	$ 629,748,295
Shares issued for non-cash costs (in shares) | shares						478,920
Equity issued for non-cash costs						$ 455,055
Exercise of stock options (in shares) | shares						2,055,476
Exercise of stock options						$ 891,162
Restricted Share Units settled in shares (in shares) | shares							392,276
Restricted share units settled							$ 3,922,754
Shareholders' equity, ending balance (in shares) at Oct. 31, 2021 | shares						163,179,655
Shareholders' equity, ending balance at Oct. 31, 2021	433,721,034					$ 672,079,154				3,026,721			(241,088,229)	(296,612)	433,721,034			$ 0
Changes in equity [abstract]
Stock option expense	5,427,228									5,427,228					5,427,228
Share issuance (in shares) | shares						5,300,352
Share issuance	$ 49,698,756					$ 49,698,756									49,698,756
Exercise of stock options (in shares) | shares	1,251,547					1,183,352
Exercise of stock options	$ 0					$ 296,128				(296,128)
Exercise of warrants (in shares) | shares						5,712,222
Exercise of warrants	46,001,223					$ 46,001,223				0					46,001,223
Restricted Share Units Expense (in shares) | shares							0
Restricted Share Units Expense			$ 8,613,769				$ 0					8,613,769					$ 8,613,769
Restricted Share Units settled in shares (in shares) | shares			40,404				40,404
Increase (Decrease) Through Exercise Of Equity Instruments							$ 533,333					$ (533,333)
Non-controlling interest in subsidiary	330,000																	330,000
Comprehensive loss	(19,625,391)												(19,559,341)	0	(19,559,341)			(66,050)
Shareholders' equity, ending balance (in shares) at Jul. 31, 2022 | shares						175,415,985
Shareholders' equity, ending balance at Jul. 31, 2022	$ 524,166,619					$ 768,608,594				$ 16,238,257			$ (260,647,570)	$ (296,612)	$ 523,902,669			$ 263,950

Consolidated statements of cash

Consolidated statements of cash flows - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Operating activities
Net loss for the period	$ (27,521,656)	$ (6,897,318)	$ (19,625,391)	$ (21,590,783)
Items not affecting cash
Share-based compensation	3,998,966	298,489	13,675,130	1,307,874
Depreciation	2,969,337	697,604	6,790,188	1,830,603
Amortization of government grants	0	(26,887)	0	(92,926)
Loss on disposal of assets	0	0	0	13,399
Foreign exchange (gain) loss on translation	(103,895)	(152,562)	(561,803)	509,195
Fair value (gain) loss on financial instruments	(8,567,022)	508,850	(62,300,143)	2,433,196
Interest and accretion on convertible debt	2,886,555	0	8,094,918	0
Cash flows from (used in) operations before changes in working capital	(26,337,715)	(5,571,824)	(53,927,101)	(15,589,442)
Changes in non-cash working capital items
Accounts receivable	6,233,862	(1,467,219)	(1,194,702)	(2,309,564)
Other receivables	(2,655,693)	(37,157)	(3,246,978)	(56,188)
Prepayments and deposits	(5,914,245)	(2,668,131)	(3,543,585)	(7,118,905)
Inventory	(2,468,948)	(719,231)	(4,641,350)	(1,322,927)
Accounts payable and accrued liabilities	5,953,737	6,518,975	2,729,377	9,830,211
Net cash provided by operating activities	(25,189,002)	(3,944,587)	(63,824,339)	(16,566,815)
Investing activity
Purchases of plant and equipment	(29,555,201)	(5,804,757)	(45,037,303)	(10,903,007)
Prepaid equipment deposits	(42,745,602)	(794,002)	(62,591,565)	(1,163,841)
Prepaid construction charges	(9,812,572)	0	(21,891,269)	0
Proceeds from disposal of plant and equipment	0	0	0	16,866
Net cash used in investing activities	(82,113,375)	(6,598,759)	(129,520,137)	(12,049,982)
Financing activities
Proceeds from exercise of warrants	0	0	65,180	0
Proceeds from loans payable	0	7,000,000	0	10,091,220
Proceeds from government grants	0	26,887	0	92,926
Capital contribution from the holders of non-controlling interest	0	0	330,000	0
Repayment of lease liabilities	(1,366,336)	(204,231)	(3,258,899)	(530,953)
Repayment of loans payable	(1,548)	(423,595)	(4,631)	(1,138,336)
Net cash used in financing activities	247,013,110	6,568,166	245,512,644	30,303,962
Net change in cash and cash equivalents	139,710,733	(3,975,180)	52,168,168	1,687,165
Cash and cash equivalents, beginning of period	509,315,733	6,325,902	596,858,298	663,557
Cash and cash equivalents, end of period	649,026,466	2,350,722	649,026,466	2,350,722
Non-cash investing activities
Purchase of plant and equipment in payables and accruals	(12,653,536)	22,392	17,028,199	2,655,301
Non-cash financing activities
Equity issued for non-cash costs	0	0	0	455,055
Interest Paid	(648,032)	(437,163)	(1,632,196)	(932,497)
Proceeds from exercise of stock options	0	169,105	0	169,105
Proceeds From Issuance Of Convertible Debt	198,682,238	0	198,682,238	0
Private Shares
Financing activities
Proceeds from private share issuance, net of share issuance costs	0	0	0	21,620,000
Public Shares
Financing activities
Proceeds from private share issuance, net of share issuance costs	$ 49,698,756	$ 0	$ 49,698,756	$ 0

Nature of operations and busine

Nature of operations and business combination	9 Months Ended
	Jul. 31, 2022
Nature Of Operations [Abstract]
Nature of operations and business combination	Nature of operations Nature of Operations Li-Cycle Holdings Corp. and its subsidiaries, collectively ("Li-Cycle" or the "Company") started their business as Li-Cycle Corp. Li-Cycle Corp. was incorporated in Ontario, Canada under the Business Corporations Act (Ontario) on November 18, 2016. Li-Cycle’s core business model is to build, own and operate recycling plants tailored to regional needs. Li-Cycle’s Spoke & Hub Technologies™ provide an environmentally friendly resource recovery solution that addresses the growing global lithium-ion battery recycling challenges, supporting the global transition toward electrification. 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. 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. On August 10, 2021, in accordance with the plan of arrangement to reorganize Li-Cycle Corp., the Company finalized a business combination (the "Business Combination") with Peridot Acquisition Corp., and the combined company was renamed Li-Cycle Holdings Corp. On closing, the common shares of Li-Cycle Holdings Corp. were listed on the New York Stock Exchange and commenced trading under the symbol “LICY”.

Significant accounting policies

Significant accounting policies	9 Months Ended
	Jul. 31, 2022
List Of Accounting Policies [Abstract]
Significant accounting policies	Significant accounting policies (a) Statement of compliance These condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) under International Accounting Standard (IAS) 34 – Interim Financial Reporting. Except as described below, these financial statements were prepared using the same basis of presentation, accounting policies and methods of computation as outlined in Note 2, Significant accounting policies in the Company’s consolidated financial statements for the year ended October 31, 2021. These financial statements do not include all the notes required in annual financial statements. These condensed consolidated interim financial statements were approved and authorized for issue by the Board of Directors on September 13, 2022. (b) Basis of consolidation These condensed consolidated interim financial statements include the accounts of the Company and its subsidiaries. The Company’s subsidiaries are entities controlled by the Company. Control exists when the Company has power over an investee, when the Company is exposed, or has rights, to variable returns from the investee and when the Company has the ability to affect those returns through its power over the investee. The subsidiaries are included in the condensed consolidated interim financial results of the Company from the effective date of incorporation up to the effective date of disposition or loss of control. The Company’s principal subsidiaries and their geographic location as at July 31, 2022 are set forth in the table below: Company Location Ownership interest Li-Cycle Corp. Ontario, Canada 100% Li-Cycle Americas Corp. Ontario, Canada 100% Li-Cycle U.S. Holdings Inc. Delaware, U.S. 100% Li-Cycle Inc. Delaware, U.S. 100% Li-Cycle North America Hub, Inc. Delaware, U.S. 100% Li-Cycle Europe AG Switzerland 100% Li-Cycle APAC PTE. LTD. Singapore 100% Li-Cycle Germany GmbH Germany 100% Li-Cycle Norway AS Norway 67% Intercompany transactions, balances and unrealized gains/losses on transactions between the Company and its subsidiaries are eliminated. (c) Basis of preparation These condensed consolidated interim financial statements are presented in U.S. dollars, which is the Company's functional currency. (d) New and revised IFRS Standards issued but not yet effective 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. New/Revised Standard Description Amendments to IFRS 3 Reference to the Conceptual Framework IFRS 17 (including the June 2020 amendments to IFRS 17) Insurance Contracts Annual Improvements to IFRS Standards 2018-2020 Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 9 Financial Instruments, IFRS 16 Leases, and IAS 41 Agriculture Amendments to IAS 1 Disclosure of Accounting Policies Amendments to IAS 1 Classifying liabilities as current or non-current Amendments to IAS 8 Definition of Accounting Estimates Amendments to IAS 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction Amendments to IAS 16 Property, Plant and Equipment—Proceeds before Intended Use Amendments to IAS 37 Onerous Contracts—Cost of Fulfilling a Contract The adoption of the IFRS Standards listed above are not expected to have a material impact on the financial statements of the Company in future periods, except as noted below. Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements—Disclosure of Accounting Policies The amendments change the requirements in IAS 1 with regard to disclosure of accounting policies. The amendments replace all instances of the term ‘significant accounting policies’ with ‘material accounting policy information’. Accounting policy information is material if, when considered together with other information included in an entity’s financial statements, it can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. The supporting paragraphs in IAS 1 are also amended to clarify that accounting policy information that relates to immaterial transactions, other events or conditions is immaterial and need not be disclosed. Accounting policy information may be material because of the nature of the related transactions, other events or conditions, even if the amounts are immaterial. However, not all accounting policy information relating to material transactions, other events or conditions is itself material. The International Accounting Standards Board has also developed guidance and examples to explain and demonstrate the application of the ‘four-step materiality process’ described in IFRS Practice Statement 2. The amendments to IAS 1 are effective for annual periods beginning on or after 1 January 2023, with earlier application permitted and are applied prospectively. The Company is assessing the potential impact of these amendments.

Prepayments and deposits

Prepayments and deposits	9 Months Ended
	Jul. 31, 2022
Prepayments And Deposits [Abstract]
Prepayments and deposits	Prepayments and deposits July 31, 2022 October 31, 2021 $ $ Prepaid lease deposits 2,693,162 886,951 Prepaid equipment deposits 62,591,565 3,231,836 Prepaid insurance 5,772,465 3,839,880 Prepaid construction charges 21,891,269 — Other prepaids 2,883,378 626,557 95,831,839 8,585,224 Non-current portion of prepaid lease deposits 2,109,568 — Current prepaids and deposits 93,722,271 8,585,224 Other prepaids consist principally of deposits, subscriptions, and environmental financial assurance.

Plant and equipment

Plant and equipment	9 Months Ended
	Jul. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Plant and equipment	Plant and equipment Assets under construction Plant equipment Computer software and equipment Storage containers Vehicles Leasehold improvements Total $ $ $ $ $ $ $ Cost At October 31, 2021 15,638,165 6,275,419 196,273 67,619 179,298 6,219,456 28,576,230 Additions 63,102,238 12,622 897,763 62,227 62,000 1,620,272 65,757,122 Transfers from Assets under construction (12,875,473) 12,875,473 — — — — — At July 31, 2022 65,864,930 19,163,514 1,094,036 129,846 241,298 7,839,728 94,333,352 Accumulated depreciation At October 31, 2021 — (1,549,700) (8,645) (14,172) (49,314) (564,936) (2,186,767) Depreciation — (1,673,934) (148,682) (8,050) (35,514) (527,145) (2,393,325) At July 31, 2022 — (3,223,634) (157,327) (22,222) (84,828) (1,092,081) (4,580,092) Carrying amounts — At October 31, 2021 15,638,165 4,725,719 187,628 53,447 129,984 5,654,520 26,389,463 At July 31, 2022 65,864,930 15,939,880 936,709 107,624 156,470 6,747,647 89,753,260

Right-of-use assets

Right-of-use assets	9 Months Ended
	Jul. 31, 2022
Disclosure Of Leases [Abstract]
Right-of-use assets	Right - of-use assets Premises Equipment Total Cost $ $ $ At October 31, 2021 28,821,956 133,769 28,955,725 Additions 31,758,625 117,516 31,876,141 Modifications 239,799 (25,125) 214,674 At July 31, 2022 60,820,380 226,160 61,046,540 Accumulated depreciation At October 31, 2021 (1,894,179) (51,786) (1,945,965) Depreciation (4,364,642) (32,221) (4,396,863) Disposals 208,862 — 208,862 At July 31, 2022 (6,049,959) (84,007) (6,133,966) Carrying amounts At October 31, 2021 26,927,777 81,983 27,009,760 At July 31, 2022 54,770,421 142,153 54,912,574

Accounts payable and accrued li

Accounts payable and accrued liabilities	9 Months Ended
	Jul. 31, 2022
Subclassifications of assets, liabilities and equities [abstract]
Accounts payable and accrued liabilities	Accounts payable and accrued liabilities July 31, 2022 October 31, 2021 $ $ Trade payables 16,872,263 9,447,394 Accrued fixed assets 6,846,088 2,074,681 Accrued expenses 7,661,077 4,378,073 Accrued compensation 7,079,264 2,800,968 38,458,692 18,701,116

Lease liabilities

Lease liabilities	9 Months Ended
	Jul. 31, 2022
Disclosure Of Leases [Abstract]
Lease liabilities	Lease liabilities The Company has the following lease liabilities as of July 31, 2022. Maturity analysis Year 1 Year 2 Year 3 Year 4 Year 5 Thereafter Total Undiscounted $ $ $ $ $ $ $ Premises 8,296,494 7,356,848 6,961,704 6,796,674 6,406,488 42,978,042 78,796,250 Equipment 61,217 53,716 43,213 22,235 12,536 — 192,917 Total 8,357,711 7,410,564 7,004,917 6,818,909 6,419,024 42,978,042 78,989,167 Lease liabilities Current Non-Current Total Discounted $ $ $ Premises 5,434,043 51,373,640 56,807,683 Equipment 44,756 112,631 157,387 Total 5,478,799 51,486,271 56,965,070 The Company has the following lease liabilities as of October 31, 2021. Maturity analysis Year 1 Year 2 Year 3 Year 4 Year 5 Thereafter Total Undiscounted $ $ $ $ $ $ $ Premises 4,468,877 4,590,357 3,741,940 3,332,312 3,290,786 16,302,071 35,726,343 Equipment 48,898 44,044 44,044 42,384 21,022 7,835 208,227 Total 4,517,775 4,634,401 3,785,984 3,374,696 3,311,808 16,309,906 35,934,570 Lease liabilities Current Non-Current Total Discounted $ $ $ Premises 2,836,348 26,366,448 29,202,796 Equipment 32,447 129,626 162,073 Total 2,868,795 26,496,074 29,364,869 In the three and nine months ended July 31, 2022, the Company recognized an interest expense of $596,694 and $1,494,127 related to lease liabilities, respectively (three and nine months ended July 31, 2021: $98,272 and $223,278). The Company’s lease obligations include leases for plant operations, storage facilities, and office space for employees. In the nine months ended July 31, 2022, the Company has added 8 new premises leases, modified 2 leases, and terminated 1 lease.

Convertible Debt

Convertible Debt	9 Months Ended
	Jul. 31, 2022
Financial Instruments [Abstract]
Convertible Debt	Convertible Debt July 31, 2022 October 31, 2021 $ $ KSP Note (a) 92,343,624 100,877,838 Glencore Note (b) 192,510,272 — Total Convertible Debt at end of period 284,853,896 100,877,838 (a) KSP Note July 31, 2022 October 31, 2021 $ $ Principal of convertible note at beginning of period 100,000,000 — Issuance of convertible notes 5,923,518 100,000,000 Principal of convertible note at end of period 105,923,518 100,000,000 Conversion feature at beginning of period 29,028,938 — Conversion feature issued — 27,681,043 Fair value (gain) loss on embedded derivative (16,744,434) 1,347,895 Conversion feature at end of period 12,284,504 29,028,938 Debt component at beginning of period 71,848,900 — Debt component issued 5,923,518 72,318,957 Transaction costs — (1,599,737) Accrued interest paid in kind (5,923,518) — Accrued interest expense 8,210,220 1,129,680 Debt component at end of period 80,059,120 71,848,900 Total Convertible Debt at end of period 92,343,624 100,877,838 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 Note”) for a principal amount of $100 million to Spring Creek Capital, LLC. The KSP Note will mature on September 29, 2026 unless earlier repurchased, redeemed or converted. Interest on the KSP Note is payable semi-annually, and Li-Cycle is permitted to pay interest on the KSP Note in cash or by payment in-kind (“PIK”), at its election. Interest payments made in cash are based on an interest rate of LIBOR plus 5.0% per year, and PIK interest payments were based on an interest rate of LIBOR plus 6.0% per year. Under the terms of the KSP Note, LIBOR has a floor of 1% and a cap of 2%. Once 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 the average spread between the SOFR and LIBOR during the three-month period ending on the date on which LIBOR ceases to be published. The PIK election results in a new note under the same terms as the original KSP Note, issued in lieu of interest payments with an issuance date on the applicable interest date. On May 1, 2022, Spring Creek Capital, LLC assigned the KSP Note and the PIK note outstanding at that time to an affiliate, Wood River Capital, LLC. On June 30, 2022, the Company issued a PIK Note to Wood River Capital, LLC in the amount of $4,095,740. The KSP Note and the PIK notes issued thereunder are referred to collectively as the “2021 Convertible Notes”, and as at July 31, 2022, comprised the following: Note Date Issued Amount Issued KSP Note September 29, 2021 $ 100,000,000 PIK Note December 31, 2021 $ 1,827,778 PIK Note June 30, 2022 $ 4,095,740 Total $ 105,923,518 The conversion feature under the 2021 Convertible Notes has been recorded as an embedded derivative liability since the conversion ratio does not always result in a conversion of a fixed dollar amount of liability for a fixed number of shares. The KSP Note had an initial conversion price of approximately $13.43 per Li-Cycle common share, subject to customary anti-dilution adjustments, which price was established based on 125% of the 7-day volume-weighted average price of Li-Cycle’s common shares prior to the date of the KSP Note Purchase Agreement. Should the Company’s share price be equal to or greater than $17.46, for a period of twenty consecutive days, the Company can force conversion of the 2021 Convertible Notes. Li-Cycle will settle its conversion obligations through the delivery of its own common shares. As at July 31, 2022, no conversions had taken place. The fair value of the embedded derivatives upon issuance of the original KSP Note was determined to be a liability of $27,681,043 whereas the remaining $72,318,957, net of transaction costs of $1,599,737, was allocated to the principal portion of the debt. During the three and nine months ended July 31, 2022, the Company recognized a fair value loss of $815,396 and fair value gain of $16,744,434 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: September 29, 2021 October 31, 2021 July 31, 2022 Risk free interest rate 1.06% 1.23% 2.77% Expected life of options 5 years 4.92 years 4.17 years Expected dividend yield 0.0% 0.0% 0.0% Expected stock price volatility 66% 62% 65% Share Price 12.56 12.94 7.19 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.

Product sales revenue

Product sales revenue	9 Months Ended
	Jul. 31, 2022
Product sales revenue [Abstract]
Product sales revenue	Three months ended July 31, 2022 Three months ended July 31, 2021 Nine months ended July 31, 2022 Nine months ended July 31, 2021 $ $ $ $ Product sales revenue recognized in the period 1 4,992,231 1,232,423 11,183,309 2,153,422 Fair value pricing adjustments (7,331,180) 361,140 (1,608,689) 529,109 Product sales revenue (2,338,949) 1,593,563 9,574,620 2,682,531 Recycling services revenue recognized in the period 1 372,510 115,560 950,134 301,216 Revenue (1,966,439) 1,709,123 10,524,754 2,983,747 1R evenue recognized in the period before fair value pricing adjustments was $5,364,741 and $12,133,443, respectively, for the three and nine months ended July 31, 2022 (three and nine months ended July 31, 2021: $1,347,983 and $2,454,638, respectively).

Non-Controlling Interest

Non-Controlling Interest	9 Months Ended
	Jul. 31, 2022
Non-Controlling Interest [Abstract]
Non-Controlling Interest	Non-Controlling InterestOn January 26, 2022, the Company entered into a joint venture agreement with ECO STOR AS (“ECO STOR”) and Morrow Batteries AS (“Morrow”) to form Li-Cycle Norway AS which will construct a new commercial lithium-ion battery recycling facility in southern Norway. Li-Cycle is the majority owner of Li-Cycle Norway AS with 67% ownership, with ECO STOR and Morrow being minority owners and Nordic-headquartered strategic partners with 31% and 2% ownership, respectively. These holdings allow the shareholders to nominate 2 Directors, 1 Director, and 1 observer respectively with their ownership holdings. Summarized financial information for Li-Cycle Norway AS is as follows: July 31, 2022 $ Current assets 1,049,799 Current liabilities 249,951 Net assets 799,848 Net assets attributable to non-controlling interest 263,950 Three months ended July 31, 2022 Nine months ended July 31, 2022 $ $ Revenue — — Expenses 128,413 200,151 Net loss (128,413) (200,151) Net loss attributable to non-controlling interest (42,376) (66,050)

Commitments

Commitments	9 Months Ended
	Jul. 31, 2022
Commitments [Abstract]
Commitments	Commitments and contingenciesAs of July 31, 2022, there were $60,178,017 in committed purchase orders or agreements for equipment and services (October 31, 2021:$6,858,617).

Loss per share

Loss per share	9 Months Ended
	Jul. 31, 2022
Earnings per share [abstract]
Loss per share	per share Three months ended July 31, Nine months ended July 31, 2022 2021 2022 2021 Net loss $ (27,521,656) $ (6,897,318) $ (19,625,391) $ (21,590,783) Weighted average number of common shares 174,383,980 95,563,454 169,067,783 94,695,650 Basic and diluted loss per share $ (0.16) $ (0.07) $ (0.12) $ (0.23) For comparability, the stated weighted average number of common shares and the number of potential common shares have been scaled by the Business Combination exchange ratio of 1:39.91 for periods prior to the completion of the Business Combination on August 10, 2021. Adjustments for diluted loss per share were not made for the three months ended July 31, 2022 and three and nine months ended July 31, 2021 as they would be anti-dilutive in nature. The following table represents instruments that could potentially dilute basic loss per share in the future, but were not included in the calculation of diluted loss per share because they are antidilutive for the periods presented: July 31, July 31, 2022 2021 Stock options 4,762,105 6,415,533 Convertible debt 28,564,628 — Restricted share units 2,230,020 — 35,556,753 6,415,533

Segment reporting

Segment reporting	9 Months Ended
	Jul. 31, 2022
Disclosure of operating segments [abstract]
Segment reporting	Segment reporting The condensed consolidated interim financial data presented in these financial statements is reviewed regularly by the Company’s chief operating decision maker (“CODM”) for making strategic decisions, allocations resources and assessing performance. The Corporation’s CODM is its Chief Executive Officer. During the three and nine months ended July 31, 2022, the Company operated in Canada and the United States. 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. The following is a summary of the Company’s geographical information: Canada United States Total $ $ $ Revenues Nine months ended July 31, 2022 3,764,697 6,760,057 10,524,754 Nine months ended July 31, 2021 2,042,730 941,017 2,983,747 Non-current assets Nine months ended July 31, 2022 18,681,071 128,094,331 146,775,402 Year ended October 31, 2021 15,476,877 37,922,346 53,399,223

Significant accounting polici_2

Significant accounting policies (Policies)	9 Months Ended
	Jul. 31, 2022
List Of Accounting Policies [Abstract]
Statement of compliance	Statement of compliance These condensed consolidated interim financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) under International Accounting Standard (IAS) 34 – Interim Financial Reporting. Except as described below, these financial statements were prepared using the same basis of presentation, accounting policies and methods of computation as outlined in Note 2, Significant accounting policies in the Company’s consolidated financial statements for the year ended October 31, 2021. These financial statements do not include all the notes required in annual financial statements. These condensed consolidated interim financial statements were approved and authorized for issue by the Board of Directors on September 13, 2022.
Basis of consolidation	Basis of consolidationThese condensed consolidated interim financial statements include the accounts of the Company and its subsidiaries. The Company’s subsidiaries are entities controlled by the Company. Control exists when the Company has power over an investee, when the Company is exposed, or has rights, to variable returns from the investee and when the Company has the ability to affect those returns through its power over the investee. The subsidiaries are included in the condensed consolidated interim financial results of the Company from the effective date of incorporation up to the effective date of disposition or loss of control. The Company’s principal subsidiaries and their geographic location as at July 31, 2022 are set forth in the table below: Company Location Ownership interest Li-Cycle Corp. Ontario, Canada 100% Li-Cycle Americas Corp. Ontario, Canada 100% Li-Cycle U.S. Holdings Inc. Delaware, U.S. 100% Li-Cycle Inc. Delaware, U.S. 100% Li-Cycle North America Hub, Inc. Delaware, U.S. 100% Li-Cycle Europe AG Switzerland 100% Li-Cycle APAC PTE. LTD. Singapore 100% Li-Cycle Germany GmbH Germany 100% Li-Cycle Norway AS Norway 67% Intercompany transactions, balances and unrealized gains/losses on transactions between the Company and its subsidiaries are eliminated.
Basis of preparation	Basis of preparation These condensed consolidated interim financial statements are presented in U.S. dollars, which is the Company's functional currency. (d) New and revised IFRS Standards issued but not yet effective 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. New/Revised Standard Description Amendments to IFRS 3 Reference to the Conceptual Framework IFRS 17 (including the June 2020 amendments to IFRS 17) Insurance Contracts Annual Improvements to IFRS Standards 2018-2020 Amendments to IFRS 1 First-time Adoption of International Financial Reporting Standards, IFRS 9 Financial Instruments, IFRS 16 Leases, and IAS 41 Agriculture Amendments to IAS 1 Disclosure of Accounting Policies Amendments to IAS 1 Classifying liabilities as current or non-current Amendments to IAS 8 Definition of Accounting Estimates Amendments to IAS 12 Deferred Tax related to Assets and Liabilities arising from a Single Transaction Amendments to IAS 16 Property, Plant and Equipment—Proceeds before Intended Use Amendments to IAS 37 Onerous Contracts—Cost of Fulfilling a Contract The adoption of the IFRS Standards listed above are not expected to have a material impact on the financial statements of the Company in future periods, except as noted below. Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements—Disclosure of Accounting Policies The amendments change the requirements in IAS 1 with regard to disclosure of accounting policies. The amendments replace all instances of the term ‘significant accounting policies’ with ‘material accounting policy information’. Accounting policy information is material if, when considered together with other information included in an entity’s financial statements, it can reasonably be expected to influence decisions that the primary users of general purpose financial statements make on the basis of those financial statements. The supporting paragraphs in IAS 1 are also amended to clarify that accounting policy information that relates to immaterial transactions, other events or conditions is immaterial and need not be disclosed. Accounting policy information may be material because of the nature of the related transactions, other events or conditions, even if the amounts are immaterial. However, not all accounting policy information relating to material transactions, other events or conditions is itself material. The International Accounting Standards Board has also developed guidance and examples to explain and demonstrate the application of the ‘four-step materiality process’ described in IFRS Practice Statement 2. The amendments to IAS 1 are effective for annual periods beginning on or after 1 January 2023, with earlier application permitted and are applied prospectively. The Company is assessing the potential impact of these amendments.

Significant accounting polici_3

Significant accounting policies (Tables)	9 Months Ended
	Jul. 31, 2022
List Of Accounting Policies [Abstract]
Summary of Principal Subsidiaries and their Geographic Location	The Company’s principal subsidiaries and their geographic location as at July 31, 2022 are set forth in the table below: Company Location Ownership interest Li-Cycle Corp. Ontario, Canada 100% Li-Cycle Americas Corp. Ontario, Canada 100% Li-Cycle U.S. Holdings Inc. Delaware, U.S. 100% Li-Cycle Inc. Delaware, U.S. 100% Li-Cycle North America Hub, Inc. Delaware, U.S. 100% Li-Cycle Europe AG Switzerland 100% Li-Cycle APAC PTE. LTD. Singapore 100% Li-Cycle Germany GmbH Germany 100% Li-Cycle Norway AS Norway 67%
Summary of plant and equipment	Assets under construction Plant equipment Computer software and equipment Storage containers Vehicles Leasehold improvements Total $ $ $ $ $ $ $ Cost At October 31, 2021 15,638,165 6,275,419 196,273 67,619 179,298 6,219,456 28,576,230 Additions 63,102,238 12,622 897,763 62,227 62,000 1,620,272 65,757,122 Transfers from Assets under construction (12,875,473) 12,875,473 — — — — — At July 31, 2022 65,864,930 19,163,514 1,094,036 129,846 241,298 7,839,728 94,333,352 Accumulated depreciation At October 31, 2021 — (1,549,700) (8,645) (14,172) (49,314) (564,936) (2,186,767) Depreciation — (1,673,934) (148,682) (8,050) (35,514) (527,145) (2,393,325) At July 31, 2022 — (3,223,634) (157,327) (22,222) (84,828) (1,092,081) (4,580,092) Carrying amounts — At October 31, 2021 15,638,165 4,725,719 187,628 53,447 129,984 5,654,520 26,389,463 At July 31, 2022 65,864,930 15,939,880 936,709 107,624 156,470 6,747,647 89,753,260

Accounts receivable (Tables)

Accounts receivable (Tables)	9 Months Ended
	Jul. 31, 2022
Trade and other current receivables [abstract]
Schedule of other receivables	July 31, 2022 October 31, 2021 $ $ Trade Receivables 5,267,403 4,072,701 Total accounts receivable 5,267,403 4,072,701 Sales Taxes receivable 2,320,614 379,814 Other 1,899,509 593,331 Total other receivables 4,220,123 973,145
Schedule of revenue by customers	The Company's revenue primarily comes from two key customers as shown in the table below. The Company's remaining customers do not make up significant percentages of these balances. The customer allocation for the revenue for the three months ended July 31, 2022 has been calculated on the basis of product revenues recognized in the period due to the fair value adjustment losses in the period. For additional details on product sales and fair value losses recognized in the period, refer to Note 14. Three months ended July 31, 2022 Nine months ended July 31, 2022 2022 2021 2022 2021 % % % % Revenue Customer A 5.4 % 44.0 % 19.1 % 61.0 % Customer B 83.9 % 49.0 % 67.0 % 28.0 % July 31, 2022 October 31, 2021 Trade Accounts Receivable Customer A 12.6 % 53.0 % Customer B 72.2 % 45.0 %

Prepayments and deposits (Table

Prepayments and deposits (Tables)	9 Months Ended
	Jul. 31, 2022
Prepayments And Deposits [Abstract]
Schedule of prepayments and deposits	July 31, 2022 October 31, 2021 $ $ Prepaid lease deposits 2,693,162 886,951 Prepaid equipment deposits 62,591,565 3,231,836 Prepaid insurance 5,772,465 3,839,880 Prepaid construction charges 21,891,269 — Other prepaids 2,883,378 626,557 95,831,839 8,585,224 Non-current portion of prepaid lease deposits 2,109,568 — Current prepaids and deposits 93,722,271 8,585,224

Inventory (Tables)

Inventory (Tables)	9 Months Ended
	Jul. 31, 2022
Inventories [Abstract]
Schedule of inventory	July 31, 2022 October 31, 2021 $ $ Raw material 4,620,138 850,416 Finished goods 585,306 347,391 Parts and tools 695,487 61,774 5,900,931 1,259,581

Plant and equipment (Tables)

Plant and equipment (Tables)	9 Months Ended
	Jul. 31, 2022
Disclosure of detailed information about property, plant and equipment [abstract]
Summary of plant and equipment	Assets under construction Plant equipment Computer software and equipment Storage containers Vehicles Leasehold improvements Total $ $ $ $ $ $ $ Cost At October 31, 2021 15,638,165 6,275,419 196,273 67,619 179,298 6,219,456 28,576,230 Additions 63,102,238 12,622 897,763 62,227 62,000 1,620,272 65,757,122 Transfers from Assets under construction (12,875,473) 12,875,473 — — — — — At July 31, 2022 65,864,930 19,163,514 1,094,036 129,846 241,298 7,839,728 94,333,352 Accumulated depreciation At October 31, 2021 — (1,549,700) (8,645) (14,172) (49,314) (564,936) (2,186,767) Depreciation — (1,673,934) (148,682) (8,050) (35,514) (527,145) (2,393,325) At July 31, 2022 — (3,223,634) (157,327) (22,222) (84,828) (1,092,081) (4,580,092) Carrying amounts — At October 31, 2021 15,638,165 4,725,719 187,628 53,447 129,984 5,654,520 26,389,463 At July 31, 2022 65,864,930 15,939,880 936,709 107,624 156,470 6,747,647 89,753,260

Right-of-use assets (Tables)

Right-of-use assets (Tables)	9 Months Ended
	Jul. 31, 2022
Disclosure Of Leases [Abstract]
Schedule of right-of-use assets	Premises Equipment Total Cost $ $ $ At October 31, 2021 28,821,956 133,769 28,955,725 Additions 31,758,625 117,516 31,876,141 Modifications 239,799 (25,125) 214,674 At July 31, 2022 60,820,380 226,160 61,046,540 Accumulated depreciation At October 31, 2021 (1,894,179) (51,786) (1,945,965) Depreciation (4,364,642) (32,221) (4,396,863) Disposals 208,862 — 208,862 At July 31, 2022 (6,049,959) (84,007) (6,133,966) Carrying amounts At October 31, 2021 26,927,777 81,983 27,009,760 At July 31, 2022 54,770,421 142,153 54,912,574

Related party transactions (Tab

Related party transactions (Tables)	9 Months Ended
	Jul. 31, 2022
Disclosure of transactions between related parties [abstract]
Summary of transactions between related parties	Related party transactions Remuneration of key management personnel including directors The remuneration of the executive officers and directors, who are the key management personnel of the Company, during the three and nine months ended July 31, 2022 and 2021 are as follows: Three months ended Nine months ended July 31, 2022 July 31, 2021 July 31, 2022 July 31, 2021 $ $ $ $ Salaries 1,077,438 272,493 2,860,781 811,502 Share-based compensation 3,390,738 — 11,420,976 605,957 Fees and benefits 995,766 176,278 2,593,068 516,124 5,463,942 448,771 16,874,825 1,933,583 During the three and nine months ended July 31, 2022, the Company paid directors for providing director and consulting services. Total amounts paid to directors in respect of these activities in the period was $95,367 and $268,246, respectively (three and nine months ended July 31, 2021: $66,802 and $175,036). Outstanding balances of remunerations of the executive officers and directors are summarized as follows: July 31, 2022 October 31, 2021 $ $ Accounts payable and accrued liabilities 2,328,601 771,255 Outstanding balances 2,328,601 771,255 Related-Party Lease From January 1, 2019 to December 31, 2021, the Company leased certain office space from Ashlin BPG Marketing, which is controlled by certain members of the immediate family of the Company’s President and Chief Executive Officer. Under the terms of the lease, the Company was required to pay Cdn. $4,500 per month plus applicable taxes, subject to 60 days’ notice of termination. Li-Cycle terminated the lease, effective December 31, 2021. During the three and nine months ended July 31, 2022, the Company incurred expenses of $nil and $6,358 in relation to this vendor, compared to $13,076 and $30,429 for the three and nine months ended July 31, 2021, respectively. Related-Party Expenses The Company has engaged Fade In Production Pty. Ltd., which is controlled by certain members of the immediate family of the Executive Chair of Li-Cycle, to provide it with corporate video production services since 2017. During the three and nine months ended July 31, 2022, the Company incurred expenses of $26,804 and $134,277 in relation to this vendor, compared to $nil and $97,005 for the three and nine months ended July 31, 2021, respectively. The Company has engaged Ashlin BPG Marketing, a related party as described above, to provide it with Li-Cycle branded promotional products for both customers and employees since April 1, 2020. During the three and nine months ended July 31, 2022, the Company incurred expenses of $4,908 and $50,173 attributable to this vendor, compared to $12,581 and $36,268 for the three and nine months ended July 31, 2021, respectively. The Company has engaged Consulero Inc., which is controlled by certain members of the immediate family of the Company's President and Chief Executive Officer, to provide it with technology services in relation to the Company's inventory management system since September 1, 2020. During the three and nine months ended July 31, 2022, the Company incurred expenses of $74,173 and $121,528 attributable to this vendor, compared to $22,589 and $80,868 for the three and nine months ended July 31, 2021, respectively. Consulting Agreement On May 1, 2020, Li-Cycle entered into a consulting agreement with Atria Limited (“Atria”), an entity which beneficially owned more than 5% of the outstanding Li-Cycle Corp. common shares at that time, to agree upon and finalize the consideration for certain business development and marketing consulting services that were previously performed on behalf of Li-Cycle from 2018 through April 2020. The fees for the services were agreed at 12,000 common shares of Li-Cycle Corp., payable in installments of 1,000 shares per month. On January 25, 2021, Li-Cycle issued all of the 12,000 shares to Atria as full and final satisfaction of all obligations of Li-Cycle to Atria under the consulting agreement. Atria also directed the issuance of shares as follows: 8,000 Shares to Atria; 2,000 Shares to Pella Ventures (an affiliated company of Atria); and 2,000 Shares to a director of Li-Cycle Corp. at the time, who is not related to Atria . Director Consulting Agreement Under the terms of an agreement dated July 19, 2019 between Li-Cycle and Anthony Tse, Mr. Tse provided consulting services to Li-Cycle in relation to the proposed expansion of its operations in Asia and was entitled to a fee of $4,700 per month for his services. During the

Accounts payable and accrued _2

Accounts payable and accrued liabilities (Tables)	9 Months Ended
	Jul. 31, 2022
Subclassifications of assets, liabilities and equities [abstract]
Schedule of accounts payable and accrued liabilities	July 31, 2022 October 31, 2021 $ $ Trade payables 16,872,263 9,447,394 Accrued fixed assets 6,846,088 2,074,681 Accrued expenses 7,661,077 4,378,073 Accrued compensation 7,079,264 2,800,968 38,458,692 18,701,116

Lease liabilities (Tables)

Lease liabilities (Tables)	9 Months Ended
	Jul. 31, 2022
Disclosure Of Leases [Abstract]
Lease liabilities	The Company has the following lease liabilities as of July 31, 2022. Maturity analysis Year 1 Year 2 Year 3 Year 4 Year 5 Thereafter Total Undiscounted $ $ $ $ $ $ $ Premises 8,296,494 7,356,848 6,961,704 6,796,674 6,406,488 42,978,042 78,796,250 Equipment 61,217 53,716 43,213 22,235 12,536 — 192,917 Total 8,357,711 7,410,564 7,004,917 6,818,909 6,419,024 42,978,042 78,989,167 Lease liabilities Current Non-Current Total Discounted $ $ $ Premises 5,434,043 51,373,640 56,807,683 Equipment 44,756 112,631 157,387 Total 5,478,799 51,486,271 56,965,070 The Company has the following lease liabilities as of October 31, 2021. Maturity analysis Year 1 Year 2 Year 3 Year 4 Year 5 Thereafter Total Undiscounted $ $ $ $ $ $ $ Premises 4,468,877 4,590,357 3,741,940 3,332,312 3,290,786 16,302,071 35,726,343 Equipment 48,898 44,044 44,044 42,384 21,022 7,835 208,227 Total 4,517,775 4,634,401 3,785,984 3,374,696 3,311,808 16,309,906 35,934,570 Lease liabilities Current Non-Current Total Discounted $ $ $ Premises 2,836,348 26,366,448 29,202,796 Equipment 32,447 129,626 162,073 Total 2,868,795 26,496,074 29,364,869

Convertible Debt (Tables)

Convertible Debt (Tables)	9 Months Ended
	Jul. 31, 2022
Financial Instruments [Abstract]
Summary of Convertible Debt	July 31, 2022 October 31, 2021 $ $ Principal of convertible note at beginning of period 100,000,000 — Issuance of convertible notes 5,923,518 100,000,000 Principal of convertible note at end of period 105,923,518 100,000,000 Conversion feature at beginning of period 29,028,938 — Conversion feature issued — 27,681,043 Fair value (gain) loss on embedded derivative (16,744,434) 1,347,895 Conversion feature at end of period 12,284,504 29,028,938 Debt component at beginning of period 71,848,900 — Debt component issued 5,923,518 72,318,957 Transaction costs — (1,599,737) Accrued interest paid in kind (5,923,518) — Accrued interest expense 8,210,220 1,129,680 Debt component at end of period 80,059,120 71,848,900 Total Convertible Debt at end of period 92,343,624 100,877,838
Summary of assumptions used in stock option pricing	The assumptions used in the model were as follows: September 29, 2021 October 31, 2021 July 31, 2022 Risk free interest rate 1.06% 1.23% 2.77% Expected life of options 5 years 4.92 years 4.17 years Expected dividend yield 0.0% 0.0% 0.0% Expected stock price volatility 66% 62% 65% Share Price 12.56 12.94 7.19

Share capital and share-based c

Share capital and share-based compensation (Tables)	9 Months Ended
	Jul. 31, 2022
Share Capital, Reserves And Other Equity Interest [Abstract]
Summary of number and weighted average exercise prices of stock options	A summary of stock option activities is as follows: Number of Weighted average $ Balance – October 31, 2021 5,296,553 2.81 Granted 719,718 7.86 Exercised (1,251,547) 0.41 Forfeited (2,619) 10.93 Balance – July 31, 2022 4,762,105 4.20 A summary of the outstanding stock options is as follows: Number of Exercise price $ Expiration dates April 10, 2023 443,920 0.02 April 10, 2023 139,231 0.36 April 1, 2024 171,613 0.36 July 17, 2024 710,559 0.36 December 16, 2029 99,775 1.07 April 21, 2030 386,010 1.07 July 19, 2030 251,433 1.07 November 30, 2030 360,587 2.14 February 11, 2031 428,033 2.14 August 10, 2031 1,051,227 10.93 November 22, 2031 31,725 13.20 January 31, 2032 560,377 7.58 March 8, 2032 127,615 7.74 4,762,105
Summary of assumptions used in stock option pricing	The assumptions used in the stock option pricing model for the grants during the nine months ended July 31, 2022 were as follows: Risk free interest rate 1.44% - 1.83% Expected life of options 6 years Expected dividend yield 0.0% Expected stock price volatility 65% - 70% Expected forfeiture rate 0.0%
Summary of restricted stock unit activity	A summary of RSU activities is as follows: Number of Weighted average Li-Cycle Holdings Corp RSUs share price on grant date Balance – October 31, 2021 716,763 $10.93 Granted 1,599,974 $8.46 Exercised (40,404) $13.20 Forfeited (46,313) $10.28 Balance – July 31, 2022 2,230,020 $9.13

Product sales revenue (Tables)

Product sales revenue (Tables)	9 Months Ended
	Jul. 31, 2022
Product sales revenue [Abstract]
Schedule of product sales revenue	Three months ended July 31, 2022 Three months ended July 31, 2021 Nine months ended July 31, 2022 Nine months ended July 31, 2021 $ $ $ $ Product sales revenue recognized in the period 1 4,992,231 1,232,423 11,183,309 2,153,422 Fair value pricing adjustments (7,331,180) 361,140 (1,608,689) 529,109 Product sales revenue (2,338,949) 1,593,563 9,574,620 2,682,531 Recycling services revenue recognized in the period 1 372,510 115,560 950,134 301,216 Revenue (1,966,439) 1,709,123 10,524,754 2,983,747 1R evenue recognized in the period before fair value pricing adjustments was $5,364,741 and $12,133,443, respectively, for the three and nine months ended July 31, 2022 (three and nine months ended July 31, 2021: $1,347,983 and $2,454,638, respectively).

Non-Controlling Interest (Table

Non-Controlling Interest (Tables)	9 Months Ended
	Jul. 31, 2022
Non-Controlling Interest [Abstract]
Schedule of non-controlling interest	Summarized financial information for Li-Cycle Norway AS is as follows: July 31, 2022 $ Current assets 1,049,799 Current liabilities 249,951 Net assets 799,848 Net assets attributable to non-controlling interest 263,950 Three months ended July 31, 2022 Nine months ended July 31, 2022 $ $ Revenue — — Expenses 128,413 200,151 Net loss (128,413) (200,151) Net loss attributable to non-controlling interest (42,376) (66,050)

Financial instruments and finan

Financial instruments and financial risk factors (Tables)	9 Months Ended
	Jul. 31, 2022
Financial Instruments [Abstract]
Schedule of fair value measurement of assets	The Company’s financial assets measured at fair value on a recurring basis are measured under level 2 of the hierarchy and were calculated as follows: Balance Level 2 $ $ As at July 31, 2022 Accounts receivable 5,267,403 5,267,403 5,267,403 5,267,403 As at October 31, 2021 Accounts receivable 4,072,701 4,072,701 4,072,701 4,072,701
Schedule of fair value measurement of liabilities	The Company’s financial liabilities measured at fair value on a recurring basis are measured under level 1 and 2 of the hierarchy and were calculated as follows: Balance Level 1 Level 2 $ $ $ As at July 31, 2022 Conversion feature of convertible debt (see Note 11) 46,156,445 — 46,156,445 46,156,445 — 46,156,445 As at October 31, 2021 Conversion feature of convertible debt (see Note 11) 29,028,938 — 29,028,938 Warrants (see Note 12) 82,109,334 53,549,990 28,559,344 111,138,272 53,549,990 57,588,282
Schedule of fair value measurement of price	The following table sets out the Company's exposure, as of July 31, 2022, in relation to the impact of movements in the Cobalt and Nickel price for the provisionally invoiced sales volume: Cobalt Nickel July 31, October 31, July 31, October 31, 2022 2021 2022 2021 $ $ $ $ Metric tonnes subject to fair value pricing adjustments 3,212 1,728 3,212 1,728 10% increase in prices 559,396 303,351 866,521 448,266 10% decrease in prices (559,396) (303,351) (866,521) (448,266) The following table sets out the period end commodity prices for Cobalt and Nickel for the last 9 months: Market price per tonne July 31, 2022 April 30, 2022 January 31, 2022 October 31, 2021 Cobalt 55,116 87,634 75,618 60,407 Nickel 22,045 32,419 22,745 19,300

Loss per share (Tables)

Loss per share (Tables)	9 Months Ended
	Jul. 31, 2022
Earnings per share [abstract]
Summary of earnings per share	Three months ended July 31, Nine months ended July 31, 2022 2021 2022 2021 Net loss $ (27,521,656) $ (6,897,318) $ (19,625,391) $ (21,590,783) Weighted average number of common shares 174,383,980 95,563,454 169,067,783 94,695,650 Basic and diluted loss per share $ (0.16) $ (0.07) $ (0.12) $ (0.23) July 31, July 31, 2022 2021 Stock options 4,762,105 6,415,533 Convertible debt 28,564,628 — Restricted share units 2,230,020 — 35,556,753 6,415,533

Segment reporting (Tables)

Segment reporting (Tables)	9 Months Ended
	Jul. 31, 2022
Disclosure of operating segments [abstract]
Schedule of geographical areas	The following is a summary of the Company’s geographical information: Canada United States Total $ $ $ Revenues Nine months ended July 31, 2022 3,764,697 6,760,057 10,524,754 Nine months ended July 31, 2021 2,042,730 941,017 2,983,747 Non-current assets Nine months ended July 31, 2022 18,681,071 128,094,331 146,775,402 Year ended October 31, 2021 15,476,877 37,922,346 53,399,223

Nature of operations and busi_2

Nature of operations and business combination - Narrative (Details)		9 Months Ended
	Jan. 26, 2022	Jul. 31, 2022 USD ($) shares	Oct. 31, 2021 USD ($) shares	Aug. 10, 2021 USD ($) $ / shares	Jul. 31, 2021 shares	Oct. 31, 2020 shares
Disclosure of classes of share capital [line items]
Proportion of ownership interest in subsidiary	67%
Business combination, share exchange ratio				39.91
Share capital
Disclosure of classes of share capital [line items]
Number of shares outstanding (in shares) | shares		175,415,985	163,179,655		96,084,679	83,361,291
Peridot Acquisition Corp.
Disclosure of classes of share capital [line items]
Fair market value of warrants (in dollars per share) | $ / shares				$ 2.1
Warrant liability | $		$ 0	$ 82,109,334	$ 48,299,987
Li-Cycle Inc.
Disclosure of classes of share capital [line items]
Proportion of ownership interest in subsidiary		100%
Li-Cycle North America Hub, Inc.
Disclosure of classes of share capital [line items]
Proportion of ownership interest in subsidiary		100%
Li-Cycle Corp.
Disclosure of classes of share capital [line items]
Proportion of ownership interest in subsidiary		100%

Significant accounting polici_4

Significant accounting policies - Summary of Subsidiary Ownership (Details)		9 Months Ended
	Jan. 26, 2022	Jul. 31, 2022
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary	67%
Li-Cycle Corp.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary		100%
Li-Cycle Americas Corp.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary		100%
Li-Cycle U.S. Holdings Inc.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary		100%
Li-Cycle Inc.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary		100%
Li-Cycle North America Hub, Inc.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary		100%
Li-Cycle Europe AG
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary		100%
Li-Cycle APAC PTE. LTD.
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary		100%
Li-Cycle Germany GmbH
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary		100%
Li-Cycle Norway AS
Disclosure of subsidiaries [line items]
Proportion of ownership interest in subsidiary		67%

Significant accounting polici_5

Significant accounting policies - Summary of Office, Administrative, and Travel Expense (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
List Of Accounting Policies [Abstract]
Research and development	$ 5,293,879	$ 431,881	$ 11,287,158	$ 1,053,766

Accounts receivable - Schedule

Accounts receivable - Schedule of other receivables (Details) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Disclosure of provision matrix [line items]
Accounts receivable	$ 5,267,403	$ 4,072,701
Sales Taxes receivable	2,320,614	379,814
Other	1,899,509	593,331
Other receivables	$ 4,220,123	$ 973,145

Accounts receivable - Narrative

Accounts receivable - Narrative (Details) - USD ($)		3 Months Ended		9 Months Ended
	Oct. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Trade and other current receivables [abstract]
Fair value pricing adjustments		$ (7,331,180)	$ 361,140	$ (1,608,689)	$ 529,109
Allowance account for credit loss	$ 0	$ (3,506)		$ (3,506)

Accounts receivable - Schedul_2

Accounts receivable - Schedule of revenue by customers (Details)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Apr. 30, 2022	Apr. 30, 2021
Customer A
Disclosure of provision matrix [line items]
Main customers as a percentage of revenue	5.40%	44%	19.10%	61%
Main customers as a percentage of accounts receivable					12.60%	53%
Customer B
Disclosure of provision matrix [line items]
Main customers as a percentage of revenue	83.90%	49%	67%	28%
Main customers as a percentage of accounts receivable					72.20%	45%

Prepayments and deposits (Detai

Prepayments and deposits (Details) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Prepayments And Deposits [Abstract]
Prepaid lease deposits	$ 2,693,162	$ 886,951
Prepaid equipment deposits	62,591,565	3,231,836
Prepaid insurance	5,772,465	3,839,880
Current Prepaid Construction Costs	21,891,269	0
Other prepaids	2,883,378	626,557
Prepayment and deposits, current and noncurrent	95,831,839	8,585,224
Other non-current assets	2,109,568	0
Prepayments and deposits	$ 93,722,271	$ 8,585,224

Inventory (Details)

Inventory (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Oct. 31, 2021
Inventories [Abstract]
Raw material	$ 4,620,138		$ 4,620,138		$ 850,416
Finished goods	585,306		585,306		347,391
Current spare parts	695,487		695,487		61,774
Inventory	5,900,931		5,900,931		$ 1,259,581
Cost of inventories recognised as expense	7,557,033	$ 2,156,737	14,549,024	$ 4,647,468
Write-down of finished goods		(420,139)	81,479	645,095
Write-down of raw materials	971,979	148,522	$ 998,880	$ 94,765
Borrowing costs capitalised	$ 3,325,754	$ 0

Plant and equipment (Details)

Plant and equipment (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			$ 26,389,463
Property, plant and equipment at end of period	$ 89,753,260		89,753,260
Borrowing costs capitalised	$ 3,325,754	$ 0
Capitalisation rate of borrowing costs eligible for capitalisation	11.70%
Employee Salaries Capitalized To Assets Under Construction	$ 2,754,340	0	2,754,340	$ 0
Share-Based Compensation Cost Capitalized To Assets Under Construction	365,866	$ 0	365,866	$ 0
Plant equipment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			4,725,719
Property, plant and equipment at end of period	15,939,880		15,939,880
Storage containers
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			53,447
Property, plant and equipment at end of period	107,624		107,624
Vehicles
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			129,984
Property, plant and equipment at end of period	156,470		156,470
Leasehold improvements
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			5,654,520
Property, plant and equipment at end of period	6,747,647		6,747,647
Construction in progress
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			15,638,165
Property, plant and equipment at end of period	65,864,930		65,864,930
Computer equipment [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			187,628
Property, plant and equipment at end of period	936,709		936,709
Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			28,576,230
Additions			65,757,122
Increase (decrease) through transfers from construction in progress, property, plant and equipment			0
Property, plant and equipment at end of period	94,333,352		94,333,352
Cost | Plant equipment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			6,275,419
Additions			12,622
Increase (decrease) through transfers from construction in progress, property, plant and equipment			12,875,473
Property, plant and equipment at end of period	19,163,514		19,163,514
Cost | Storage containers
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			67,619
Additions			62,227
Increase (decrease) through transfers from construction in progress, property, plant and equipment			0
Property, plant and equipment at end of period	129,846		129,846
Cost | Vehicles
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			179,298
Additions			62,000
Increase (decrease) through transfers from construction in progress, property, plant and equipment			0
Property, plant and equipment at end of period	241,298		241,298
Cost | Leasehold improvements
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			6,219,456
Additions			1,620,272
Increase (decrease) through transfers from construction in progress, property, plant and equipment			0
Property, plant and equipment at end of period	7,839,728		7,839,728
Cost | Construction in progress
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			15,638,165
Additions			63,102,238
Increase (decrease) through transfers from construction in progress, property, plant and equipment			(12,875,473)
Property, plant and equipment at end of period	65,864,930		65,864,930
Cost | Computer equipment [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			196,273
Additions			897,763
Increase (decrease) through transfers from construction in progress, property, plant and equipment			0
Property, plant and equipment at end of period	1,094,036		1,094,036
Accumulated depreciation
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			(2,186,767)
Depreciation			(2,393,325)
Property, plant and equipment at end of period	(4,580,092)		(4,580,092)
Accumulated depreciation | Plant equipment
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			(1,549,700)
Depreciation			(1,673,934)
Property, plant and equipment at end of period	(3,223,634)		(3,223,634)
Accumulated depreciation | Storage containers
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			(14,172)
Depreciation			(8,050)
Property, plant and equipment at end of period	(22,222)		(22,222)
Accumulated depreciation | Vehicles
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			(49,314)
Depreciation			(35,514)
Property, plant and equipment at end of period	(84,828)		(84,828)
Accumulated depreciation | Leasehold improvements
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			(564,936)
Depreciation			(527,145)
Property, plant and equipment at end of period	(1,092,081)		(1,092,081)
Accumulated depreciation | Construction in progress
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			0
Depreciation			0
Property, plant and equipment at end of period	0		0
Accumulated depreciation | Computer equipment [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment at beginning of period			(8,645)
Depreciation			(148,682)
Property, plant and equipment at end of period	$ (157,327)		$ (157,327)

Right-of-use assets (Details)

Right-of-use assets (Details)	9 Months Ended
	Jul. 31, 2022 USD ($)
Reconciliation Of Changes In Right-Of-Use Assets
Right-of-use assets, beginning balance	$ 27,009,760
Right-of-use assets, ending balance	$ 54,912,574
Lease term	5 years
Cost
Reconciliation Of Changes In Right-Of-Use Assets
Right-of-use assets, beginning balance	$ 28,955,725
Additions	31,876,141
Modifications	214,674
Right-of-use assets, ending balance	61,046,540
Accumulated depreciation
Reconciliation Of Changes In Right-Of-Use Assets
Right-of-use assets, beginning balance	(1,945,965)
Depreciation	(4,396,863)
Disposals	208,862
Right-of-use assets, ending balance	(6,133,966)
Premises
Reconciliation Of Changes In Right-Of-Use Assets
Right-of-use assets, beginning balance	26,927,777
Right-of-use assets, ending balance	54,770,421
Premises | Cost
Reconciliation Of Changes In Right-Of-Use Assets
Right-of-use assets, beginning balance	28,821,956
Additions	31,758,625
Modifications	239,799
Right-of-use assets, ending balance	60,820,380
Premises | Accumulated depreciation
Reconciliation Of Changes In Right-Of-Use Assets
Right-of-use assets, beginning balance	(1,894,179)
Depreciation	(4,364,642)
Disposals	208,862
Right-of-use assets, ending balance	(6,049,959)
Equipment
Reconciliation Of Changes In Right-Of-Use Assets
Right-of-use assets, beginning balance	81,983
Right-of-use assets, ending balance	142,153
Equipment | Cost
Reconciliation Of Changes In Right-Of-Use Assets
Right-of-use assets, beginning balance	133,769
Additions	117,516
Modifications	(25,125)
Right-of-use assets, ending balance	226,160
Equipment | Accumulated depreciation
Reconciliation Of Changes In Right-Of-Use Assets
Right-of-use assets, beginning balance	(51,786)
Depreciation	(32,221)
Disposals	0
Right-of-use assets, ending balance	$ (84,007)

Related party transactions - Su

Related party transactions - Summary of Remuneration of Directors (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Disclosure of transactions between related parties [abstract]
Key management personnel compensation, short-term employee benefits	$ 1,077,438	$ 272,493	$ 2,860,781	$ 811,502
Key management personnel compensation, share-based payment	3,390,738	0	11,420,976	605,957
Key Management Personnel Compensation, Fees And Benefits	995,766	176,278	2,593,068	516,124
Key management personnel compensation	$ 5,463,942	$ 448,771	$ 16,874,825	$ 1,933,583

Related party transactions - Na

Related party transactions - Narrative (Details)			3 Months Ended		9 Months Ended
	May 01, 2021 shares	Jul. 19, 2019 USD ($)	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Jan. 25, 2021 shares	Jan. 01, 2019 CAD ($)
Disclosure of transactions between related parties [line items]
Key management personnel compensation, directors fees			$ 95,367	$ 66,802	$ 268,246	$ 175,036
Marketing			661,749	160,479	1,858,324	465,269
Office, administrative and travel			5,293,879	431,881	11,287,158	1,053,766
Professional fees			4,184,457	1,216,310	10,618,212	4,218,362
Repayment of loans payable			1,548	423,595	4,631	1,138,336
Immediate Family Member Of Chief Executive Officer
Disclosure of transactions between related parties [line items]
Monthly lease payment to related party								$ 4,500
Rental expense			0	13,076	6,358	30,429
Marketing			4,908	12,581	50,173	36,268
Office, administrative and travel			74,173	22,589	121,528	80,868
Immediate Family Member Of Chief Executive Chairman
Disclosure of transactions between related parties [line items]
Marketing			26,804	0	134,277	97,005
Beneficial Owner
Disclosure of transactions between related parties [line items]
Fees payable to related party, (in shares) | shares	1,000
Fees payable to related party, maximum (in shares) | shares	12,000
Number of shares issued in settlement of liabilities to related party (in shares) | shares							12,000
Beneficial Owner | Atria Limited
Disclosure of transactions between related parties [line items]
Number of shares issued in settlement of liabilities to related party (in shares) | shares							8,000
Beneficial Owner | Pella Ventures
Disclosure of transactions between related parties [line items]
Number of shares issued in settlement of liabilities to related party (in shares) | shares							2,000
Beneficial Owner | Director Of Li-Cycle
Disclosure of transactions between related parties [line items]
Number of shares issued in settlement of liabilities to related party (in shares) | shares							2,000
Beneficial Owner | Atria Limited
Disclosure of transactions between related parties [line items]
Proportion of ownership interest in entity by related party	500%
Director | Anthony Tse
Disclosure of transactions between related parties [line items]
Professional fees, monthly payment		$ 4,700
Professional fees			$ 0	$ 26,300	$ 14,000	$ 38,500

Related party transactions - Ou

Related party transactions - Outstanding Balances Of Remunerations Of Directors (Details) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Disclosure of transactions between related parties [line items]
Amounts payable, related party transactions	$ 2,328,601	$ 771,255
Accounts Payable And Accrued Liabilities
Disclosure of transactions between related parties [line items]
Amounts payable, related party transactions	$ 2,328,601	$ 771,255

Accounts payable and accrued _3

Accounts payable and accrued liabilities - Schedule of accounts payable and accrued liabilities (Details) - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Subclassifications of assets, liabilities and equities [abstract]
Trade payables	$ 16,872,263	$ 9,447,394
Accrued fixed assets	6,846,088	2,074,681
Accrued expenses	7,661,077	4,378,073
Accrued compensation	7,079,264	2,800,968
Accounts payable and accrued liabilities	$ 38,458,692	$ 18,701,116

Lease liabilities (Details)

Lease liabilities (Details)	3 Months Ended		9 Months Ended
	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Jul. 31, 2022 USD ($) lease	Jul. 31, 2021 USD ($)	Oct. 31, 2021 USD ($)
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	$ 78,989,167		$ 78,989,167		$ 35,934,570
Current	5,478,799		5,478,799		2,868,795
Non-Current	51,486,271		51,486,271		26,496,074
Total	56,965,070		56,965,070		29,364,869
Interest expense on lease liabilities	596,694	$ 98,272	1,494,127	$ 223,278
Year 1
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	8,357,711		8,357,711		4,517,775
Year 2
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	7,410,564		7,410,564		4,634,401
Year 3
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	7,004,917		7,004,917		3,785,984
Year 4
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	6,818,909		6,818,909		3,374,696
Year 5
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	6,419,024		6,419,024		3,311,808
Thereafter
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	42,978,042		42,978,042		16,309,906
Premises
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	78,796,250		78,796,250		35,726,343
Current	5,434,043		5,434,043		2,836,348
Non-Current	51,373,640		51,373,640		26,366,448
Total	56,807,683		$ 56,807,683		29,202,796
Number of leases | lease			8
Premises | Year 1
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	8,296,494		$ 8,296,494		4,468,877
Premises | Year 2
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	7,356,848		7,356,848		4,590,357
Premises | Year 3
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	6,961,704		6,961,704		3,741,940
Premises | Year 4
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	6,796,674		6,796,674		3,332,312
Premises | Year 5
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	6,406,488		6,406,488		3,290,786
Premises | Thereafter
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	42,978,042		42,978,042		16,302,071
Equipment
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	192,917		192,917		208,227
Current	44,756		44,756		32,447
Non-Current	112,631		112,631		129,626
Total	157,387		157,387		162,073
Equipment | Year 1
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	61,217		61,217		48,898
Equipment | Year 2
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	53,716		53,716		44,044
Equipment | Year 3
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	43,213		43,213		44,044
Equipment | Year 4
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	22,235		22,235		42,384
Equipment | Year 5
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	12,536		12,536		21,022
Equipment | Thereafter
Disclosure of maturity analysis of operating lease payments [line items]
Undiscounted lease liabilities	$ 0		$ 0		$ 7,835

Convertible Debt - Summary of C

Convertible Debt - Summary of Convertible Debt (Details) - USD ($)	3 Months Ended	9 Months Ended	12 Months Ended
	Jul. 31, 2022	Jul. 31, 2022	Oct. 31, 2021
Disclosure of detailed information about borrowings [line items]
Total Convertible Debt at end of period	$ 284,853,896	$ 284,853,896	$ 100,877,838
Convertible debt
Disclosure of detailed information about borrowings [line items]
Principal of convertible note at beginning of period			0
Fair value (gain) loss on embedded derivative	815,396	(16,744,434)
Total Convertible Debt at end of period	92,343,624	92,343,624	100,877,838
Glencore Convertible Note
Disclosure of detailed information about borrowings [line items]
Principal of convertible note at beginning of period		0
Issuance of convertible notes		200,000,000	0
Principal of convertible note at end of period	200,000,000	200,000,000	0
Conversion feature at beginning of period		0	0
Conversion feature issued		43,254,358	0
Fair value (gain) loss on embedded derivative	(9,382,418)	(9,382,418)	0
Conversion feature at end of period	33,871,940	33,871,940	0
Debt component at beginning of period		0	0
Debt Component Issued			0
Transaction costs			0
Accrued interest paid in kind		0	0
Accrued interest expense	3,210,452	3,210,452	0
Debt component at end of period	158,638,332	158,638,332	0
Total Convertible Debt at end of period	192,510,272	192,510,272	0
Koch Strategic Platforms Convertible Note
Disclosure of detailed information about borrowings [line items]
Principal of convertible note at beginning of period		100,000,000	0
Issuance of convertible notes		5,923,518	100,000,000
Principal of convertible note at end of period	105,923,518	105,923,518	100,000,000
Conversion feature at beginning of period		29,028,938	0
Conversion feature issued		0	27,681,043
Fair value (gain) loss on embedded derivative		(16,744,434)	1,347,895
Conversion feature at end of period	12,284,504	12,284,504	29,028,938
Debt component at beginning of period		71,848,900	0
Debt Component Issued		5,923,518	72,318,957
Transaction costs		0	(1,599,737)
Accrued interest paid in kind		(5,923,518)	0
Accrued interest expense	8,210,220	8,210,220	1,129,680
Debt component at end of period	80,059,120	80,059,120	71,848,900
Total Convertible Debt at end of period	$ 92,343,624	$ 92,343,624	$ 100,877,838

Convertible Debt - Narrative (D

Convertible Debt - Narrative (Details) - USD ($)			3 Months Ended	9 Months Ended	12 Months Ended
	May 31, 2022	Sep. 29, 2021	Jul. 31, 2022	Jul. 31, 2022	Oct. 31, 2021
Koch Strategic Platforms Convertible Note
Disclosure of detailed information about borrowings [line items]
Issuance of convertible notes		$ 100,000,000
Accrued interest paid in kind				$ (5,923,518)	$ 0
Borrowings, conversion price (in dollars per share)		$ 13.43
Percentage of 7-day-volume weighted average price of common shares used to determine conversion price		125%
Borrowings, conversion price triggering conversion feature (in dollars per share)		$ 17.46
Fair value (gain) loss on embedded derivative				(16,744,434)	1,347,895
Koch Strategic Platforms Convertible Note | Embedded Derivative
Disclosure of detailed information about borrowings [line items]
Borrowings		$ 27,681,043
Koch Strategic Platforms Convertible Note | Debt Principal
Disclosure of detailed information about borrowings [line items]
Borrowings		$ 72,318,957
Koch Strategic Platforms Convertible Note | LIBOR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis		5%
Adjustment to paid in kind interest rate		6%
Koch Strategic Platforms Convertible Note | LIBOR | Minimum
Disclosure of detailed information about borrowings [line items]
Borrowings, variable rate, fixed		1%
Koch Strategic Platforms Convertible Note | LIBOR | Maximum
Disclosure of detailed information about borrowings [line items]
Borrowings, variable rate, fixed		2%
Convertible debt
Disclosure of detailed information about borrowings [line items]
Borrowing costs recognised as expense		$ (1,599,737)
Fair value (gain) loss on embedded derivative			$ 815,396	(16,744,434)
Glencore Convertible Note
Disclosure of detailed information about borrowings [line items]
Issuance of convertible notes	$ 200,000,000
Accrued interest paid in kind				0	0
Borrowings, conversion price (in dollars per share)	$ 9.95
Borrowing costs recognised as expense	$ (1,317,762)
Fair value (gain) loss on embedded derivative			$ (9,382,418)	$ (9,382,418)	$ 0
Glencore Convertible Note | Embedded Derivative
Disclosure of detailed information about borrowings [line items]
Borrowings	43,254,358
Glencore Convertible Note | Debt Principal
Disclosure of detailed information about borrowings [line items]
Borrowings	$ 156,745,642
Glencore Convertible Note | LIBOR
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis	500%
Adjustment to paid in kind interest rate	600%
Glencore Convertible Note | LIBOR | Floating interest rate
Disclosure of detailed information about borrowings [line items]
Borrowings, adjustment to interest rate basis	42.826%
Glencore Convertible Note | LIBOR | Minimum
Disclosure of detailed information about borrowings [line items]
Borrowings, variable rate, fixed	100%
Glencore Convertible Note | LIBOR | Maximum
Disclosure of detailed information about borrowings [line items]
Borrowings, variable rate, fixed	200%

Convertible Debt - Assumptions

Convertible Debt - Assumptions (Details)	Jul. 31, 2022 USD ($) $ / shares yr	Jun. 30, 2022 USD ($)	May 31, 2022 yr $ / shares	Dec. 31, 2021 USD ($)	Oct. 31, 2021 USD ($) yr $ / shares	Sep. 29, 2021 yr $ / shares	Oct. 31, 2020 USD ($)
Koch Strategic Platforms Convertible Note
Disclosure of detailed information about borrowings [line items]
Amount Issued	$ 105,923,518				$ 100,000,000		$ 0
Koch Strategic Platforms Convertible Note | Risk free interest rate
Disclosure of detailed information about borrowings [line items]
Significant unobservable input, liabilities	2.77				1.23	1.06
Koch Strategic Platforms Convertible Note | Expected life of options
Disclosure of detailed information about borrowings [line items]
Significant unobservable input, liabilities | yr	4.17				4.92	5
Koch Strategic Platforms Convertible Note | Expected dividend yield
Disclosure of detailed information about borrowings [line items]
Significant unobservable input, liabilities	0				0	0
Koch Strategic Platforms Convertible Note | Expected stock price volatility
Disclosure of detailed information about borrowings [line items]
Significant unobservable input, liabilities	0.65				0.62	0.66
Koch Strategic Platforms Convertible Note | Share Price
Disclosure of detailed information about borrowings [line items]
Significant unobservable input, liabilities | $ / shares	7.19				12.94	12.56
Glencore Convertible Note
Disclosure of detailed information about borrowings [line items]
Amount Issued	$ 200,000,000				$ 0
Glencore Convertible Note | Risk free interest rate
Disclosure of detailed information about borrowings [line items]
Significant unobservable input, liabilities	2.77		2.87
Glencore Convertible Note | Expected life of options
Disclosure of detailed information about borrowings [line items]
Significant unobservable input, liabilities | yr	4.92		5
Glencore Convertible Note | Expected dividend yield
Disclosure of detailed information about borrowings [line items]
Significant unobservable input, liabilities	0		0
Glencore Convertible Note | Expected stock price volatility
Disclosure of detailed information about borrowings [line items]
Significant unobservable input, liabilities	0.65		0.68
Glencore Convertible Note | Share Price
Disclosure of detailed information about borrowings [line items]
Significant unobservable input, liabilities | $ / shares	7.19		8.15
Payment in Kind Note
Disclosure of detailed information about borrowings [line items]
Amount Issued		$ 4,095,740		$ 1,827,778

Warrants (Details)

Warrants (Details)					3 Months Ended	9 Months Ended
	Apr. 30, 2022 shares	Jan. 30, 2022 $ / shares shares	Oct. 31, 2021 USD ($) shares	Aug. 10, 2021 USD ($) $ / shares shares	Jul. 31, 2022 USD ($) d shares	Jul. 31, 2022 USD ($) d	Dec. 27, 2021 $ / shares
Disclosure of classes of share capital [line items]
Warrants, term					5 years	5 years
Exercise price of warrants (in dollars per share)		$ 11.5
Redemption price of warrants (in dollars per share)		$ 0.1					$ 0.1
Number of warrants exercised (in shares) | shares		9,678			9,578
Proceeds from exercise of warrants | $					$ 22,370
Cashless exercises | $					$ 45,868,706
Exercise of warrants (in shares) | shares					(22,540,651)
Cashless exercises (in shares) | shares					22,540,651
Redemptions | $					$ 44,967
Redemptions (in shares) | shares					449,665
Warrants | $			$ 82,109,334		$ 0	$ 0
Fair value adjustment of warrants | $						$ 36,173,291
Shares issued per warrant							0.253
Number of warrants unexercised (in shares) | shares		449,665
Public Warrant
Disclosure of classes of share capital [line items]
Exercise price of warrants (in dollars per share)				$ 11.5
Redemption price of warrants (in dollars per share)				0.01
Warrants outstanding, threshold trading days | d					20	20
Warrants outstanding, threshold consecutive trading days | d					30	30
Redemption price of warrants after maximum stock price trigger (in dollars per share)				0.1
Public Warrant | Minimum
Disclosure of classes of share capital [line items]
Warrants, stock price trigger (in dollars per share)				10
Public Warrant | Maximum
Disclosure of classes of share capital [line items]
Warrants, stock price trigger (in dollars per share)				18
Private Warrant
Disclosure of classes of share capital [line items]
Exercise price of warrants (in dollars per share)				11.5
Private Warrant | Minimum
Disclosure of classes of share capital [line items]
Warrants, stock price trigger (in dollars per share)				10
Private Warrant | Maximum
Disclosure of classes of share capital [line items]
Warrants, stock price trigger (in dollars per share)				$ 18
Peridot Acquisition Corp.
Disclosure of classes of share capital [line items]
Number of warrants assumed in acquisition (in shares) | shares	0		22,999,894	23,000,000
Fair market value of warrants (in dollars per share)				$ 2.1
Warrant liability | $			$ 82,109,334	$ 48,299,987	$ 0	$ 0
Peridot Acquisition Corp. | Public Warrant
Disclosure of classes of share capital [line items]
Number of warrants assumed in acquisition (in shares) | shares				15,000,000
Peridot Acquisition Corp. | Private Warrant
Disclosure of classes of share capital [line items]
Number of warrants assumed in acquisition (in shares) | shares				8,000,000

Share capital and share-based_2

Share capital and share-based compensation - Narrative (Details)		3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 30, 2022 shares	Jul. 31, 2022 USD ($) shares	Jul. 31, 2021 USD ($) shares	Jul. 31, 2022 USD ($) shares	Jul. 31, 2021 USD ($) shares	Oct. 31, 2021 USD ($) shares	Aug. 10, 2021	Oct. 31, 2020 USD ($) shares
Disclosure of classes of share capital [line items]
Number of share options exercised (in shares) | shares				1,251,547
Exercise of stock options				$ 0	$ 169,105
Business combination, share exchange ratio							39.91
Number of warrants exercised (in shares) | shares	9,678	9,578
Proceeds from exercise of warrants		$ 0	$ 0	$ 65,180	0
Number of share options exercisable (in shares) | shares		3,302,088		3,302,088		4,242,707
Fair value of stock options granted		$ 0	0	$ 3,528,169	1,242,844
Vesting period		1 year		3 years
Share-based compensation		$ 3,998,966	298,489	$ 13,675,130	1,307,874
Equity		524,166,619	2,341,984	524,166,619	2,341,984	$ 433,721,034		$ 1,440,730
Share issuance				49,698,756
Equity issued for non-cash costs					0
RSU And Stock Option Costs To Assets Under Construction		$ 365,866	$ 0	$ 365,866	$ 0
Share capital
Disclosure of classes of share capital [line items]
Number of share options exercised (in shares) | shares				1,183,352	1,024,250	2,055,476
Exercise of stock options				$ 296,128	$ 289,224	$ 891,162
Exercise of warrants (in shares) | shares				1,982		100
Number of shares outstanding (in shares) | shares		175,415,985	96,084,679	175,415,985	96,084,679	163,179,655		83,361,291
Equity		$ 768,608,594	$ 37,805,879	$ 768,608,594	$ 37,805,879	$ 672,079,154		$ 15,441,600
Share issuance (in shares) | shares				5,300,352
Share issuance				$ 49,698,756
Shares issued for non-cash costs (in shares) | shares					478,920	478,920
Equity issued for non-cash costs					$ 455,055	$ 455,055
Exercise of warrants				$ 29,450		$ 288
Number Of Shares Issued Through Redemption Of Warrants (in shares) | shares				7,596
Number Of Shares Issued Through Redemption Of Warrants				$ 103,067
Surrender of Warrants Due to Make-Whole Exercise (in shares) | shares				5,702,644
Surrender of warrants due to Make-Whole Exercise				$ 45,868,706
Restricted share units
Disclosure of classes of share capital [line items]
Number of other equity instruments exercised (in shares) | shares				40,404
Share-based compensation		(2,708,634)	0		604,943
Restricted Share Units settled in shares					$ 0
Restricted share units | Share capital
Disclosure of classes of share capital [line items]
Number of other equity instruments exercised (in shares) | shares				40,404	0	392,276
Restricted Share Units settled in shares					$ 0	$ 3,922,754
Increase (Decrease) Through Exercise Of Equity Instruments				$ 533,333
Restricted share units | Maximum
Disclosure of classes of share capital [line items]
Vesting period				3 years
LTIP
Disclosure of classes of share capital [line items]
Expiration period, share based payment arrangements				10 years
Vesting period				3 years
Stock options
Disclosure of classes of share capital [line items]
Share-based compensation		$ (1,290,332)	$ (298,489)	$ (5,427,228)	(702,932)
Series C Shares
Disclosure of classes of share capital [line items]
Share issuance					$ 21,620,000
Series C Shares | Share capital
Disclosure of classes of share capital [line items]
Share issuance (in shares) | shares					11,220,218	11,220,218
Share issuance					$ 21,620,000	$ 21,620,000
Public Shares
Disclosure of classes of share capital [line items]
Share issuance					$ 0
Public Shares | Share capital
Disclosure of classes of share capital [line items]
Share issuance (in shares) | shares					0	65,671,374
Share issuance						$ 629,748,295

Share capital and share-based_3

Share capital and share-based compensation - Summary of Stock Option Activity (Details)	3 Months Ended	9 Months Ended		12 Months Ended
	Jul. 31, 2022 shares $ / shares	Jul. 31, 2022 shares $ / shares	Jul. 31, 2021 shares	Oct. 31, 2021 shares $ / shares
Disclosure of classes of share capital [line items]
Number of stock options, beginning balance (in shares)		5,296,553
Granted (in shares)		719,718
Exercised (in shares)		(1,251,547)
Number of stock options, ending balance (in shares)	4,762,105	4,762,105		5,296,553
Weighted average exercise price per stock option, beginning of period (in dollars per share) | $ / shares		$ 2.81
Granted (in dollars per share) | $ / shares	$ 7.86	0.41
Weighted average exercise price per stock option, end of period (in dollars per share) | $ / shares	$ 4.20	$ 4.20		$ 2.81
Share capital
Disclosure of classes of share capital [line items]
Exercised (in shares)		(1,183,352)	(1,024,250)	(2,055,476)
Li-Cycle Corp.
Disclosure of classes of share capital [line items]
Forfeited (in shares)		(2,619)
Forfeited (in dollars per share) | $ / shares		$ 10.93

Share capital and share-based_4

Share capital and share-based compensation - Schedule of Stock Option Expirations (Details)	Jul. 31, 2022 shares	Jul. 31, 2022 $ / shares	Oct. 31, 2021 shares
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	4,762,105		5,296,553
Tranche Two
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	443,920
Exercise price of outstanding stock options (in shares) | $ / shares		$ 0.02
April 10, 2023
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	139,231
Exercise price of outstanding stock options (in shares) | $ / shares		0.36
April 1, 2024
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	171,613
Exercise price of outstanding stock options (in shares) | $ / shares		0.36
July 17, 2024
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	710,559
Exercise price of outstanding stock options (in shares) | $ / shares		0.36
December 16, 2029
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	99,775
Exercise price of outstanding stock options (in shares) | $ / shares		1.07
April 21, 2030
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	386,010
Exercise price of outstanding stock options (in shares) | $ / shares		1.07
July 19, 2030
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	251,433
Exercise price of outstanding stock options (in shares) | $ / shares		1.07
November 30, 2030
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	360,587
Exercise price of outstanding stock options (in shares) | $ / shares		2.14
February 11, 2031
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	428,033
Exercise price of outstanding stock options (in shares) | $ / shares		2.14
August 10, 2031
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	1,051,227
Exercise price of outstanding stock options (in shares) | $ / shares		10.93
November 22, 2031
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	31,725
Exercise price of outstanding stock options (in shares) | $ / shares		13.20
March 8, 2032
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	560,377
Exercise price of outstanding stock options (in shares) | $ / shares		$ 7.58
Tranche Fourteen
Disclosure of classes of share capital [line items]
Number of stock options (in shares)	127,615
Exercise price of outstanding stock options (in shares)	shares 7.74

Share capital and share-based_5

Share capital and share-based compensation - Schedule of Assumptions (Details) - yr	3 Months Ended	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2022
Disclosure of classes of share capital [line items]
Expected life of options		6
Expected dividend yield		0%
Expected forfeiture rate		0%
Minimum
Disclosure of classes of share capital [line items]
Risk free interest rate		1.44%
Expected stock price volatility	65%
Maximum
Disclosure of classes of share capital [line items]
Risk free interest rate		1.83%
Expected stock price volatility	70%

Share capital and share-based_6

Share capital and share-based compensation - Summary of RSU Activities (Details) - Restricted share units			9 Months Ended
	Apr. 30, 2022 $ / shares	Oct. 31, 2021 $ / shares	Jul. 31, 2022 shares $ / shares	Oct. 31, 2022 shares
Disclosure of classes of share capital [line items]
Number of other equity instruments outstanding in share-based payment arrangement (in shares) | shares			2,230,020	716,763
Granted (in shares) | shares			1,599,974
Number of other equity instruments exercised (in shares) | shares			(40,404)
Forfeited (in shares) | shares			(46,313)
Exercise price of outstanding stock options (in shares) | $ / shares	$ 9.13	$ 10.93
Granted (in dollars per share) | $ / shares			$ 8.46
Exercised (in dollars per share) | $ / shares			13.20
Forfeited (in dollars per share) | $ / shares			$ 10.28

Product sales revenue - Schedul

Product sales revenue - Schedule of product sales revenue (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Product sales revenue [Abstract]
Product sales revenue recognized in the period1	$ 4,992,231	$ 1,232,423	$ 11,183,309	$ 2,153,422
Fair value pricing adjustments	(7,331,180)	361,140	(1,608,689)	529,109
Product sales revenue	(2,338,949)	1,593,563	9,574,620	2,682,531
Recycling services	372,510	115,560	950,134	301,216
Revenue	$ (1,966,439)	$ 1,709,123	$ 10,524,754	$ 2,983,747

Non-Controlling Interest - Narr

Non-Controlling Interest - Narrative (Details)	Jan. 26, 2022
Disclosure of classes of share capital [line items]
Proportion of ownership interest in subsidiary	67%
ECO STOR
Disclosure of classes of share capital [line items]
Non-Controlling Interest	31%
Morrow
Disclosure of classes of share capital [line items]
Non-Controlling Interest	2%

Non-Controlling Interest - Sche

Non-Controlling Interest - Schedule of non-controlling interest (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021	Oct. 31, 2021
Non-Controlling Interest [Abstract]
Current assets	$ 1,049,799		$ 1,049,799
Current liabilities	249,951		249,951
Net assets	799,848		799,848
Net assets attributable to non-controlling interest	263,950		263,950		$ 0
Revenue	0		0
Expenses	128,413		200,151
Net loss	(128,413)		(200,151)
Non-controlling interest	$ (42,376)	$ 0	$ (66,050)	$ 0

Financial instruments and fin_2

Financial instruments and financial risk factors - Assets measured at fair value (Details) - Recurring fair value measurement - USD ($)	Jul. 31, 2022	Oct. 31, 2021
Disclosure of detailed information about financial instruments [line items]
Financial assets	$ 5,267,403	$ 4,072,701
Accounts receivable
Disclosure of detailed information about financial instruments [line items]
Financial assets	5,267,403	4,072,701
Level 2
Disclosure of detailed information about financial instruments [line items]
Financial assets	5,267,403	4,072,701
Level 2 | Accounts receivable
Disclosure of detailed information about financial instruments [line items]
Financial assets	$ 5,267,403	$ 4,072,701

Financial instruments and fin_3

Financial instruments and financial risk factors - Liabilities measured at fair value (Details) - Recurring fair value measurement - USD ($)	Oct. 31, 2022	Jul. 31, 2022	Oct. 31, 2021
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		$ 46,156,445	$ 111,138,272
Convertible debt
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	$ 29,028,938	46,156,445
Warrants
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	82,109,334
Quoted prices in active markets for identical assets (Level 1)
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		0	53,549,990
Quoted prices in active markets for identical assets (Level 1) | Convertible debt
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	0	0
Quoted prices in active markets for identical assets (Level 1) | Warrants
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	53,549,990
Level 2
Disclosure of detailed information about financial instruments [line items]
Financial liabilities		46,156,445	$ 57,588,282
Level 2 | Convertible debt
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	29,028,938	$ 46,156,445
Level 2 | Warrants
Disclosure of detailed information about financial instruments [line items]
Financial liabilities	$ 28,559,344

Financial instruments and fin_4

Financial instruments and financial risk factors - Narrative (Details)	9 Months Ended
	Jul. 31, 2022
Currency risk | Currency in which supplementary information is displayed
Disclosure of detailed information about financial instruments [line items]
Sensitivity analysis for types of market risk, reasonably possible change in risk variable, percent	500%

Financial instruments and fin_5

Financial instruments and financial risk factors - Schedule of maturity of financial liabilities (Details) - USD ($)	Jul. 31, 2022	Apr. 30, 2022	Jan. 31, 2022	Oct. 31, 2021
Cobalt
Disclosure of detailed information about financial instruments [line items]
Market Price Per Tonne of Metals	$ 55,116	$ 87,634	$ 75,618	$ 60,407
Nickel
Disclosure of detailed information about financial instruments [line items]
Market Price Per Tonne of Metals	$ 22,045	$ 32,419	$ 22,745	$ 19,300

Financial instruments and fin_6

Financial instruments and financial risk factors - Schedule of fair value measurement of price (Details) - USD ($)		9 Months Ended
	Oct. 31, 2021	Jul. 31, 2022
Cobalt
Disclosure of detailed information about financial instruments [line items]
Metric tonnes subject to fair value pricing adjustments	$ 1,728	$ 3,212
10% increase in prices	303,351	559,396
10% decrease in prices	(303,351)	(559,396)
Nickel
Disclosure of detailed information about financial instruments [line items]
Metric tonnes subject to fair value pricing adjustments	1,728	3,212
10% increase in prices	448,266	866,521
10% decrease in prices	$ (448,266)	$ (866,521)

Commitments (Details)

Commitments (Details) - USD ($)		9 Months Ended
	Oct. 31, 2021	Jul. 31, 2022
Commitments [Abstract]
Purchase orders	$ 6,858,617	$ 60,178,017

Loss per share - Calculation of

Loss per share - Calculation of Loss per Share (Details)	3 Months Ended		9 Months Ended
	Jul. 31, 2022 USD ($) $ / shares shares	Jul. 31, 2021 USD ($) $ / shares shares	Jul. 31, 2022 USD ($) $ / shares shares	Jul. 31, 2021 USD ($) $ / shares shares	Aug. 10, 2021
Earnings per share [line items]
Business combination, share exchange ratio					39.91
Net loss | $	$ (27,521,656)	$ (6,897,318)	$ (19,625,391)	$ (21,590,783)
Weighted average number of ordinary shares, basic (in shares)	174,383,980	95,563,454	169,067,783	94,695,650
Basic loss per share (in dollars per share) | $ / shares	$ (0.16)	$ (0.07)	$ (0.12)	$ (0.23)
Diluted loss per share (in dollars per share) | $ / shares	$ (0.16)	$ (0.07)	$ (0.12)	$ (0.23)
Anti-dilutive shares (in shares)			35,556,753	6,415,533
Convertible debt
Earnings per share [line items]
Anti-dilutive shares (in shares)			28,564,628	0

Loss per share - Schedule of An

Loss per share - Schedule of Anti-dilutive Shares (Details) - shares	9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021
Earnings per share [line items]
Anti-dilutive shares (in shares)	35,556,753	6,415,533
Stock options
Earnings per share [line items]
Anti-dilutive shares (in shares)	4,762,105	6,415,533
Convertible debt
Earnings per share [line items]
Anti-dilutive shares (in shares)	28,564,628	0
Restricted Share Units (RSU)
Earnings per share [line items]
Anti-dilutive shares (in shares)	2,230,020	0

Segment reporting (Details)

Segment reporting (Details)	3 Months Ended		9 Months Ended
	Jul. 31, 2022 USD ($)	Jul. 31, 2021 USD ($)	Jul. 31, 2022 USD ($) segment	Jul. 31, 2021 USD ($)	Oct. 31, 2021 USD ($)
Disclosure of geographical areas [line items]
Number of operating segments | segment			1
Revenues	$ (1,966,439)	$ 1,709,123	$ 10,524,754	$ 2,983,747
Non-current assets	146,775,402		146,775,402		$ 53,399,223
Canada
Disclosure of geographical areas [line items]
Revenues			3,764,697	2,042,730
Non-current assets	18,681,071		18,681,071		15,476,877
United States
Disclosure of geographical areas [line items]
Revenues			6,760,057	$ 941,017
Non-current assets	$ 128,094,331		$ 128,094,331		$ 37,922,346

Government funding (Details)

Government funding (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2022	Jul. 31, 2021	Jul. 31, 2022	Jul. 31, 2021
Government Grants [Abstract]
Office, administrative and travel	$ 514,769	$ 576,551	$ 1,384,635	$ 1,928,582