- 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
/CNW/ - 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 3rd 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.