ROCHESTER, N.Y. (WROC) — Lithium-ion battery recovery company Li-Cycle is facing a trade ban in Canada amid financial difficulties.

The company received a cease trade order from the Ontario Securities Commission, which bans companies from trading in any security of the Company in Ontario and other jurisdictions in Canada.

According to Li-Cycle, they received the order after failing to file financial statements as required by law.

This comes as Li-Cycle is facing financial issues, which have halted production of its Rochester Hub project at Eastman Business Park. The company recently announced that they are seeking buyers of its business or assets.

See Full Page