Full Circle Lithium Provides Important Corporate Updates

Rhea-AI Summary

Full Circle Lithium Corp. (FCLI/FCLIF) provided several corporate updates regarding its lithium-ion battery fire extinguishing agent, FCL-X™. The company confirmed its USA-based manufacturing operations won't be affected by recent US federal tariffs on Canadian goods. Live demonstrations of FCL-X™ have shown successful results in extinguishing EV and scooter lithium-ion battery fires, receiving positive feedback from fire safety experts.

The company announced the hiring of Webster Marshall as VP of Business Development, bringing 24 years of firefighting and fire safety technology experience. Additionally, FCL received a preliminary, non-binding indication from a patent authority suggesting FCL-X™ is both new and inventive, potentially supporting future patent protection.

FCL has also engaged RB Milestone Group (RBMG) for investor relations services at US$14,500 per month for an initial 6-month term, focusing on corporate communications and market intelligence advisory.

Positive

• Preliminary patent authority indicates FCL-X™ is new and inventive, suggesting potential patent protection
• Product demonstrations show successful results in extinguishing lithium-ion battery fires
• US tariffs on Canadian goods won't affect operations due to USA-based manufacturing
• Strategic hire of experienced fire safety expert Webster Marshall as VP of Business Development

Negative

• Monthly expense of US$14,500 for new IR services contract

• FCL manufacturers its revolutionary lithium-ion battery extinguishing agent, FCL-X™, in the USA and the recently announced tariffs will not affect its operations
• Live demonstrations to USA fire safety professionals continue with successful and efficient use of FCL-X™ to extinguish lithium-ion battery fires
• FCL adds key fire and safety expert hire to its marketing and technical team 
• The initial, non-binding indication from a patent authority is that FCL-X™ is new and inventive, which bodes well for its patentability prospects
• Given increasing USA market awareness of FCL's proprietary FCL-X™ agent, RB Milestone Group LLC has been engaged for USA corporate communications and investor relations work

TORONTO, Feb. 5, 2025 /PRNewswire/ - Full Circle Lithium Corp. ("FCL" or the "Company") (TSXV: FCLI) (OTCQB: FCLIF), a USA-based lithium-ion specialty firefighting agent manufacturer, is pleased to provide a corporate update.

With its operating wholly-owned subsidiary and plant located in the State of Georgia, USA, FCL understands that its proprietary FCL-X™ lithium-ion battery fire extinguishing agent business is not subject to the recently announced tariffs by the US federal government applicable to Canadian goods. As opportunities develop in Canada the Company has the option of manufacturing it's products in Canada to avoid or minimize the proposed tariffs.

In partnership with its two distributor partners - US Fire Pump and AEST Fire & Safety - FCL has completed several live demonstrations in front of US fire safety industry experts,  to demonstrate the effectiveness of FCL-X™ in extinguishing toxic and hard-to-control lithium-ion battery fires. These live demonstrations will continue as FCL presents its powerful agent to the market. Due to its unique formulation and water-based application method, FCL-X™ has quickly and consistently put out fully charged EV and scooter lithium-ion battery fires and reduced their toxic emissions. The reception from these fire safety experts, typically very skeptical of new products that claim to work so dramatically well, has been unequivocally positive of FCL-X™. FCL believes that its product is unique and will revolutionize lithium-ion battery firefighting around the world.

Based in Georgia, USA, Mr. Webster Marshall joins FCL as VP of Business Development. He has had a long 24 year career as a professional firefighter in the region and, later, as an entrepreneur and technical expert in fire safety technologies. In addition to having deep connections throughout the USA fire safety industry, Mr. Marshall has seen firsthand how unique and powerful the FCL-X™ agent is at extinguishing charged EVs as he is the firefighter expert that FCL hired to safely demonstrated the use of FCL-X™ on EV fires at its live industry demonstrations. Mr. Marshall stated that, "having worked in the fire safety industry for my entire career and now having firsthand experience with FCL-X™, I believe that FCL has developed a unique and robust agent that should become the world's standard for extinguishing lithium-ion battery fires at small to industrial scale. I am therefore excited to join the team in the early days of launching its fire agent business."

In the normal course of its patenting strategy to protect its FCL-X™ invention in various countries around the world, FCL has received an initial, non-binding report from an international patent searching authority that, after a preliminary search and review, this authority has indicated that the claimed subject matter of FCL's patent application for FCL-X™ is both new and inventive. While still early in the patent application process, this is a positive preliminary indication that FCL may eventually receive some measure of patent protection for its FCL-X™, which would be a major value milestone for the Company.  

The Company is also pleased to announce it has engaged the US-based corporate communications firm, RB Milestone Group LLC ("RBMG"), to provide investor relations services including corporate communications advisory, non-deal roadshow advisory, market intelligence advisory, and business referrals to the management team of the Company. RBMG has been retained for an initial term of 6 months at cost of US$14,500 per month. RBMG is at arm's length to the Company. The agreement is subject to regulatory approval. RBMG is a US-based corporate communications firm founded in 2009 that specializes in investor relations advisory and has offices in New York City and Stamford, Connecticut. RBMG's US advisory practice delivers investor relations programs tailor-made for emerging companies that are private and publicly traded on the NYSE, NASDAQ, OTC, TSX, TSXV, CSE, ASX, and AIM. Utilizing digital techniques, artificial intelligence (AI), and machine learning, RBMG has developed methods that improve traditional client IR initiatives to maximize ROI. RBMG partners with clients across a wide range of industry segments, including Cleantech, Metals & Mining, Renewable Energy, and Technology. To learn more about RBMG please visit: www.rbmilestone.com

About Full Circle Lithium Corp.

FCL has developed an innovative lithium-ion battery fire-extinguishing agent named FCL-X™, to address the increasing number of difficult to extinguish and toxic lithium-ion battery-based fires. FCL-X™ is a non-hazardous fire extinguishing agent specifically designed to combat lithium-ion cell and/or battery fires. As a water-based solution that neutralizes complex chemical reactions, FCL-X™ creates a protective layer on the surface of materials containing elemental lithium. FCL-X™ has been positively tested by 3^rd party laboratories as well as on live fires at both a small and industrial scale. These tests have proved that the agent mitigates the lithium oxidation reaction, limits hydrogen generation and stabilizes decomposing electrolytes. Furthermore, FCL-X™ is easy to use, quickly dissipates heat , requires minimal clean-up, and is non-hazardous making it a sustainable choice. FCL has a leading technical team with over 100 years of combined lithium, fire and safety training and firefighting experience. Additional information regarding FCL is available on SEDAR at www.sedar.com under the Company's profile and on its website www.fullcirclelithium.com.

For further information: 

Full Circle Lithium Corp.
Carlos Vicens - CEO & Director
ir@fullcirclelithium.com
+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 the Canada and which are based on the expectations, estimates and projections of management of the parties as of the date of this news release unless otherwise stated. Forward-looking statements are generally identifiable by use of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "could", "believe", "plans", "intends" or the negative of these words or other variations on these words or comparable terminology. More particularly, and without limitation, this news release contains forward-looking statements and information concerning expectations on the effectiveness of the marketing and sales of  FCL-X™ through distribution agreements, the viability, effectiveness, safety and additional commercialization related to FCL-X™ which is at an early stage of commercialization (which is very difficult for a start-up venture like FCL as there are much larger and better capitalized established companies that can potentially quickly enter the lithium-ion battery fire-fighting market and create strong competition against FCL), on receiving patent protection for FCL-X™ and related inventions and processes, the ability of FCL, a start-up venture, to successfully commercialize its FCL-X™ including ramping-up production of the agent to meet potential demand, continue raising capital, upgrading and refurbishing its plant, and sourcing feedstock for this and its other lines of business. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the uncertainties and risk factors related to the technical elements in a processing and refining business, loss of key technical and other staff, lithium price fluctuations, the battery fire-extinguishing agent functioning as expected to meet safety requirements and fire-fighting related government regulations and potential client product specifications, and applicable environmental requirements and issues – see additional risks described in FCL's public filings. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. FCL disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law. Additionally, FCL undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of FCL, its financial or operating results or its securities.

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SOURCE Full Circle Lithium Corp.

FAQ

How will recent US tariffs affect Full Circle Lithium (FCLIF) operations?

The recent US federal tariffs on Canadian goods will not affect Full Circle Lithium's operations as its FCL-X™ manufacturing facility is based in Georgia, USA.

What is the status of FCL-X™'s patent application?

FCL has received a preliminary, non-binding indication from a patent authority suggesting that FCL-X™ is both new and inventive, which is positive for potential future patent protection.

Who is the new VP of Business Development at Full Circle Lithium (FCLIF)?

Webster Marshall, a 24-year veteran firefighter and fire safety technology expert, has joined as VP of Business Development.

How much is Full Circle Lithium (FCLIF) paying for investor relations services?

FCL has engaged RBMG for investor relations services at US$14,500 per month for an initial 6-month term.

What are the results of FCL-X™'s live demonstrations?

Live demonstrations have shown FCL-X™ successfully extinguishing EV and scooter lithium-ion battery fires, receiving positive feedback from fire safety experts.