Full Circle Lithium Announces Successful Results of its AGM
Rhea-AI Summary
Full Circle Lithium (OTCQB:FCLIF) reported that shareholders overwhelmingly approved all items at the May 19, 2026 AGM, including a name change to FCL–X Fire & Safety, subject to TSXV approval.
The company highlighted commercialization of its patent‑pending FCL-X lithium‑ion battery fire extinguishing platform across retail, BESS, aviation, logistics and waste‑management markets.
Positive
- Shareholders approve all AGM resolutions, supporting management’s strategy
- Name change to FCL–X Fire & Safety aligned with core FCL-X platform
- FCL-X described as next-generation, lithium battery-specific extinguishing agent in 56-country patent process
- U.S. retail rollout of FCL-X with a major DIY partner
- Launch of FCL-XGEL product for the BESS market
- Live FCL-X demonstrations for airlines, logistics leader and FAA
Negative
- None.
News Market Reaction – FCLIF
In the May 26 session, FCLIF declined 5.41%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
- All items on the AGM agenda were overwhelmingly approved and positions FCL towards future growth
- New name to FCL-X Fire & Safety Inc. better highlights the Company's lithium battery fire extinguishing platform and business focus
- Business momentum accelerating across retail, BESS, aviation, logistics, and waste–management markets
At the meeting, the Shareholders voted in favor of a name change of the Company to FCL–X Fire & Safety Inc. (the "Name Change"), a new identity that better reflects the Company's rapidly growing lithium–ion battery fire–protection business centered on its flagship extinguishing agent, FCL-X™. Further information regarding the Name Change will be provided in a subsequent press release. For more information, please refer to the Company's management information circular, available on the Company's SEDAR+ profile at www.sedarplus.ca.
Shareholders also elected all five management nominees to the Company's board of directors for the ensuing year. As such, the board of directors of the Company remains: Paul Fornazzari (Chairman), Carlos Vicens, Franco Mignacco, Mike Cosic, and Orlee Wertheim. Shareholders also voted in favor of resolutions re-appointing the auditors of the Company, re-approving the amended incentive stock option plan of the Company for the ensuing year, and approving the Company's new restricted share unit plan
Name Change (Subject to TSXV Approval)
Potential Name Change Aligned with Core Growth Engine: The new corporate identity places the FCL-X™ platform front and center. FCL-X™ is a next–generation, lithium battery–specific fire extinguishing agent, currently patent pending in 56 countries. To the Company's knowledge, FCL-X™ is the only product in the world that has been extensively tested and demonstrated the ability to fully and rapidly extinguish lithium–ion battery fires across a wide range of practical, high–energy scenarios, including thermal runaway events, multi–cell packs, and large–format batteries.
"As the world electrifies, lithium–ion battery fires are becoming one of the most pressing safety challenges for consumers, industry, and regulators," said Carlos Vicens, CEO of Full Circle Lithium. "Our new potential name, FCL–X Fire & Safety Inc., clearly signals what we do and why we exist. FCL-X™ is not just another fire product; it is a purpose–built solution for lithium–ion battery risks, validated in demanding, real–world conditions. Shareholder approval of this name change formalizes our evolution into a focused fire–safety technology company."
Growing Global Challenge of Lithium–Ion Battery Fires
The Company's strategy is driven by the rapidly increasing frequency and impact of lithium–ion battery incidents:
- In
New York City , lithium–ion batteries were linked to over 260 fires, 150 injuries, and 18 deaths in 2023, prompting new regulations and public safety campaigns by the Fire Department of New York (FDNY).¹ - The
U.S. Consumer Product Safety Commission has issued multiple recalls relating to lithium–ion battery fire risks in e–bikes, scooters, energy storage systems, and consumer electronics.² - International aviation and maritime regulators have tightened rules on transporting lithium–ion batteries due to cargo–hold fire and explosion risks.³
Lithium–ion battery fires can involve thermal runaway, venting of flammable gases, rapid flame spread, and re–ignition even after apparent extinguishment, which makes them difficult to control with conventional Class A/B/C extinguishing agents or water alone.⁴ These challenges are driving demand for dedicated solutions such as FCL-X™ that are engineered specifically for lithium–ion chemistries and configurations.
Business Building Quickly: Recent Corporate Milestones
Over its last four business announcements, the Company has reported rapid progress in commercializing the FCL-X™ platform and expanding its product portfolio:
U.S. Retail Roll–Out with Major DIY Partner. The Company announced aU.S. retail launch of FCL-X™ through a major partner in the do–it–yourself (DIY) home improvement and hardware sector. This initiative places FCL-X™ within reach of mainstream consumers, small businesses, and trades, significantly expanding market access and brand visibility acrossthe United States .- Second Generation Product: FCL-X™GEL for the BESS Market. Building on the core FCL-X™ technology, the Company introduced FCL-X™GEL, a second product designed for the rapidly growing Battery Energy Storage Systems (BESS) industry. FCL-X™GEL is engineered for fixed installations and challenging environments, providing enhanced adherence, cooling, and containment characteristics suited to containerized and utility–scale storage assets.
- Hugely Successful Live Demonstrations for Global Stakeholders. In another announcement, the Company reported high–impact live demonstrations of FCL-X™ performance conducted for a cross–section of global stakeholders, including:
- one of the world's leading logistics companies,
- seven
U.S. airlines and the Federal Aviation Administration (FAA)
Collectively, these milestones underscore that the Company is transitioning from a development–focused organization to a commercially active fire–safety technology company with a growing portfolio of lithium-battery-specific solutions.
"The last year has validated both the problem and our solution," added Carlos Vicens, CEO of Full Circle Lithium. "From big–box retail to BESS, from airlines and global logistics to waste–management facilities, we are seeing strong pull for FCL-X™. The move to FCL–X Fire & Safety Inc. is more than a rebrand—it's a declaration of focus. We intend to build a category–defining business at the center of lithium battery fire safety."
Footnotes |
1. Fire Department of the |
2. |
3. International Civil Aviation Organization (ICAO) and International Maritime Organization (IMO), Amendments to Dangerous Goods Regulations for Lithium–Ion Batteries, various circulars and technical instructions, 2019–2024. |
4. National Fire Protection Association (NFPA) and Underwriters Laboratories (UL), Technical Reports on Lithium–Ion Battery Hazards and Firefighting Considerations, 2018–2023. |
About Full Circle Lithium Corp.
FCL is a
For more information:
Carlos Vicens – CEO & Director
Email: ir@fcl-x.com
Phone: +1.416.977.3832
Cautionary Statement
Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward-looking statements within the meaning of securities legislation in
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SOURCE Full Circle Lithium Inc