Full Circle Lithium Corp Stock Price, News & Analysis

Full Circle Lithium Corp. (FCLIF) has achieved a significant breakthrough in EV fire safety with its FCL-X™ firefighting agent. In controlled demonstrations, the product successfully extinguished two EV fires - a Nissan Leaf and Kia EV9 - in under six minutes using minimal agent amounts. The FCL-X Pro™ concentrate effectively controlled fires using only 250-350 gallons, compared to traditional methods requiring up to 40,000 gallons of water and 4-8 hours to extinguish. The tests were conducted by AEST Fire & Safety, FCL's US distributor, before 50+ firefighters and industry experts.

Full Circle Lithium Corp. (FCLI/FCLIF) has signed its first master distribution agreement with AEST Fire and Safety to market FCL-X™, its lithium-ion battery fire extinguishing agent, in the USA. The agreement focuses on the FCL-X™ Extinguishers and FCL-X™ PRO product lines, granting AEST certain exclusive distribution rights. The partnership targets residential, industrial, commercial settings, and first responders. With over 25,000 lithium-ion battery fire incidents reported between 2017-2022 across 27,000 US fire departments, FCL-X™ aims to address the growing safety concerns in urban areas where traditional fire suppression methods have proven inadequate.

Full Circle Lithium Corp. (TSXV: FCLI) (OTCQB: FCLIF) announces the availability of its FCL-X™ lithium-ion battery fire extinguisher on AMAZON in North America. The FCL-X™ is designed to address the rising incidence of lithium-ion battery fires, offering a rapid, safe, and effective solution for homes, offices, and various settings.

Key features of FCL-X™ include:

• Immediate response capability
• Non-toxic, environmentally friendly extinguishing agent
• Compact 2.5-gallon format for easy storage and access

FCL-X™ has passed the rigorous Dutch standardized test (NTA 8133) for portable fire extinguishers for lithium-ion battery fires. The company is in discussions with distributors for commercial, industrial, and public sector sales.

Due to challenges in the lithium market, FCL is shifting focus to FCL-X™, which is not directly impacted by lithium pricing, while suspending other lithium-related operations.

Full Circle Lithium Corp. (TSXV: FCLI) (OTCQB: FCLIF) announces that its FCL-X™ specialty lithium-ion battery fire extinguishing agent has achieved the world-renowned NTA 8133 standard, considered the most rigorous testing standard for lithium-ion battery fire extinguishers. FCL-X™ demonstrated exceptional cooling capability, no reignition, and the best cell survival rate of any portable fire extinguisher tested to date.

This achievement positions FCL-X™ at the forefront of combating lithium-ion battery fires, a growing global concern. The NTA 8133 standard, developed by the Dutch government, sets the world's first standards for testing suppression agents for lithium-ion battery fires up to 600 Wh. As lithium-ion battery use is expected to grow seven-fold from 2022 to 2030, the need for specialized fire safety measures has become critical.

Full Circle Lithium Corp. (TSXV: FCLI) (OTCQB: FCLIF) has successfully closed an oversubscribed non-brokered private placement, raising $1,578,000. The company issued 6,312,000 units at $0.25 per unit, each comprising one common share and half a warrant. The funds will be used to advance the commercialization of FCL-X™, their proprietary lithium battery fire-fighting agent, and for working capital.

Insiders participated in the offering, subscribing for 1,177,000 units. The company paid $99,634 in finder's fees and issued 398,535 finder warrants. PowerOne Capital Markets acted as a finder for part of the offering. The securities are not registered under the U.S. Securities Act and have restrictions on U.S. sales.

Full Circle Lithium Corp. (FCL) has filed a Patent Cooperation Treaty (PCT) and U.S. patent application for its FCL-X™ lithium-ion battery fire suppression agent. This move aims to protect the commercialization of FCL-X™ in the USA and other major global markets, which could secure up to 20 years of patent protection if granted. CEO Carlos Vicens highlights the significant interest from a major EV manufacturer and the extensive market potential. COO Thomas Currin notes the impressive performance of FCL-X™ in tests, emphasizing its potential to enhance safety in various applications. Concurrently, FCL is seeking up to C$1,000,000 through a private placement to support commercialization efforts and corporate purposes.

Full Circle Lithium (FCL) has achieved a major commercial milestone by securing its first sales of the FCL-X® fire-extinguishing agent to a global electric vehicle (EV) manufacturer. This sale follows extensive testing, including trials at the EV OEM's Georgia plant and independent safety labs. The FCL-X® agent, specifically designed for lithium-ion battery fires, demonstrated impressive efficiency and reduced hazardous smoke during testing.

FCL plans to target additional EV manufacturers, over 27,000 fire and rescue departments in the USA, and other commercial and industrial sectors. The company's strategic location in Georgia positions it well for growth in the electric mobility industry. CEO Carlos Vicens emphasizes the importance of addressing lithium-ion fire risks in the rapidly growing lithium battery industry. Further product demonstrations with potential customers are planned.

Full Circle Lithium (FCL) has successfully tested its rebranded lithium-ion battery fire-extinguishing agent, FCL-X®, with a global EV OEM and the Georgia Ports Authority. The tests, conducted at Georgia's meta plant and monitored by local fire departments, demonstrated FCL-X®'s effectiveness in quickly extinguishing lithium-ion battery fires, reducing toxic smoke, and requiring minimal clean-up. Independent laboratory tests confirmed FCL-X® outperformed other agents in speed and efficiency. FCL is now poised to commercialize FCL-X® in North America, targeting sectors such as automotive, residential, and energy storage. CEO Carlos Vicens highlighted the significant market opportunity, especially in Georgia, where numerous EV-related projects are underway.