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2026-11-06

← LFT management

Full background report

Anthony Tse

Executive Chairman

Career chronology

  • Since 2025-07-30: Li-FT Power Ltd. — Executive Chairman. Notice and Management Information Circular 2025 (Directors’ report / current executive roster)

  • Earlier career; exact dates not fully disclosed: Previous employers and professional roles as summarized in issuer disclosure — former MD/CEO of Galaxy Resources, served on its board for over a decade; described by issuer as overseeing growth through Allkem creation; current Nano One chair and Li-Cycle director as disclosed in appointment notice. Appointment of Anthony Tse as Executive Chairman (paras. 1–3)

  • MD/CEO appointed June 2013; director tenure reported as 11 years: Galaxy Resources Ltd. — Managing Director / Chief Executive Officer; director. Appointment of Anthony Tse as Executive Chairman (paras. 1–3; transition biography)

  • Earlier career; dates not specified: News Corporation STAR TV; TOM Online; TOM Group; China Entertainment Television; CSN Corp. — Senior roles including deputy general manager, corporate development director, president and CEO. Li-Cycle Holdings Corp. Registration Statement (Anthony Tse biography) (Anthony Tse biography; previous senior roles)

Contributions and company outcomes

Company-level project and delivery record

Most recent report through cutoff · issuer reported · low materiality

Li-FT continued advancing its lithium exploration portfolio and announced a two-year option over the Renard mine; on 5 October 2026 the final MRNF condition was satisfied and the C$12 million option fee was released to creditors. Li-FT has not acquired Renard: exercise remains optional, and a definitive acquisition agreement, court approval and other regulatory approvals would be required. If it exercises, Li-FT would assume closure/remediation responsibilities and about C$18 million annual care-and-maintenance costs during the option period. These are company-level developments, not personal achievements.

Attribution: Role overlaps event; causation unproven. The individual held the stated role during some or all of the reported period; available evidence does not isolate personal contribution.

Relevance: Provides the company outcome against which the executive’s delivery record should be assessed.

Notice and Management Information Circular 2025 (directors’ report / operating update); Release Conditions for Renard Option Satisfied (release; option status and conditions, Oct. 5, 2026)

Litigation and enforcement

Li-Cycle entered CCAA proceedings during Tse’s non-executive board tenure

2025-05 to 2025-08 · documented · medium materiality

Li-Cycle Holdings Corp. and related entities sought creditor protection under Canada’s CCAA and U.S. Chapter 15 on 14 May 2025. Tse was listed as a Li-Cycle non-executive director in its SEC-filed 2024 annual report signed 31 March 2025. The court-supervised process led to a Glencore purchase of Li-Cycle Inc.; the court approved the transaction on 1 August and the monitor certified completion on 7 August 2025. The court monitor stated some of the other applicants remained in CCAA proceedings after the acquisition. These are company insolvency and restructuring facts, not evidence of misconduct by Tse; reviewed materials do not establish his operational control, cause of insolvency, or responsibility for the outcome. No later order affecting Tse personally was identified.

Attribution: Role overlaps event; causation unproven. Tse held a non-executive director role at Li-Cycle. Sources document the corporate proceeding and completed asset transaction, but do not identify individual fault or decision-level responsibility by him.

Relevance: A material adverse employer outcome during a prior board tenure is relevant context for evaluating governance and track record, while its limits must be respected.

Annual Report on Form 10-K 2024 (signature page dated 31 March 2025; director listing and proceedings sections); Li-Cycle CCAA proceedings and monitor updates (May 14 and Aug. 7, 2025 case status updates); Li-Cycle Holdings Corp. Annual Report 2023 (Director consulting agreement disclosure; terminated Jan. 19, 2022)

Suitability for the current role

Professional fit for Executive Chairman

Current role as of cutoff · analyst inference · medium materiality

Role fit is an analytical inference from the documented position and the listed experience. The current role aligns with company leadership and project finance; demonstrated personal outcomes are not inferred from employer results.

Attribution: Responsibility not applicable. Analyst assessment based on the cited role and career record; it does not establish performance causation.

Relevance: Assesses documented capability against the current role and company stage.

Notice and Management Information Circular 2025 (Current executive roster); Appointment of Anthony Tse as Executive Chairman (paras. 1–3); Notice and Management Information Circular 2025 (Directors’ report / current executive roster); Appointment of Anthony Tse as Executive Chairman (paras. 1–3; transition biography); Li-Cycle Holdings Corp. Registration Statement (Anthony Tse biography) (Anthony Tse biography; previous senior roles)