- US Fire Pump used FCL-X™ as part of a
successful fight against one of the largest lithium-ion battery
fires in US history
- This significant technical milestone marks a breakthrough
achievement for FCL-X™ as it demonstrates the
unique and effective extinguishing characteristics for lithium-ion
battery fires at a large scale
TORONTO, Jan. 27,
2025 /CNW/ - Full Circle Lithium Corp. ("FCL" or the
"Company") (TSXV: FCLI) (OTCQB: FCLIF), a USA-based lithium-ion specialty
firefighting agent manufacturer, reports that its
proprietary FCL-X™ lithium-ion battery fire
extinguishing agent was successfully deployed by its expert
firefighter partners at US Fire Pump to help fight one of the
largest battery fires in US history.
Late last year, a significant fire erupted at a facility near
Fredericktown, Missouri. This
plant, recognized as one of the world's largest lithium-ion battery
recycling facilities, processes over 60,000 tons of batteries
annually. Notwithstanding that the facility had state-of-the-art
fire safety systems, it nevertheless was overwhelmed by the
lithium-ion battery fire. The fire led to the evacuation of
approximately 75 employees and nearby residents due to concerns
about toxic smoke and potential explosions from the stored
lithium-ion batteries. Luckily, there were no reported injuries.
Firefighters from at least 25 departments collaborated to contain
the blaze, which was challenging due to the nature of lithium-ion
battery fires that are not readily extinguished by traditional fire
extinguishing agents, can often reignite, and emit toxic gases.
Specialized industrial firefighting teams, including the emergency
response team at US Fire Pump (using FCL's specialty agent
FCL-X™) were deployed to deal with the more difficult
to control lingering hot spots. The fire caused extensive damage to
the facility, affecting numerous local families employed there.
"With this real-life validation, the world's fire-safety
community now has a proven specialty agent designed specifically to
fight hard to extinguish and toxic lithium-ion battery fires not
only at small scale but at an industrial scale as well. Lithium-ion
battery fires are becoming more prevalent around the world with the
widespread use and adoption of lithium-ion batteries", stated
Carlos Vicens, CEO and
Co-Founder of FCL.
Paul Fornazzari, Chairman &
Co-Founder of FCL, stated that, "while only a few months since its
commercial launch, FCL-X™ is starting to turn heads
in the industry. We are driving hard to make FCL-X™
the global industry standard for lithium-ion battery fire
extinguishing agents."
About Full Circle Lithium Corp.
FCL has developed an innovative lithium-ion battery
fire-extinguishing agent - FCL-X™ - to address the
increasing number of difficult to extinguish and toxic lithium-ion
battery-based fires occurring around the world. A PCT patent
application has been filed by the Company to protect its
FCL-X™ invention. 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.