FULL CIRCLE LITHIUM ANNOUNCES $5.0 MILLION NON-BROKERED PRIVATE PLACEMENT

Full Circle Lithium Corp. (TSXV: FCLI) has announced a non-brokered private placement financing aimed at raising up to $5 million to support the expansion of its production and commercialization efforts for its lithium-ion battery fire suppression products. The financing, which will consist of up to 12,500,000 units priced at $0.40 each, is expected to close on or about June 30, 2026, subject to customary closing conditions.

The capital raised through this offering is intended to bolster Full Circle Lithium's working capital, enhance supply chain optimization, and accelerate its commercialization initiatives. The company is experiencing increasing demand for its flagship product, FCL-X™, which is designed to extinguish lithium-ion battery fires. This demand spans various sectors, including battery energy storage systems, electric vehicle manufacturing, and data centers, among others. As the adoption of lithium-ion batteries rises globally, so too does the frequency of fire incidents associated with these batteries, underscoring the importance of effective fire suppression solutions.

Full Circle Lithium’s strategic focus on expanding production capacity and distribution capabilities is critical in responding to the growing market needs. The planned financing will not only enhance inventory levels but also support new retail and distribution partnerships, thereby positioning the company to capitalize on significant market opportunities. The offering includes a warrant component, allowing investors to purchase additional shares at $0.70 per share for a period of 18 months, which may further incentivize participation in the financing.

The lithium-ion battery safety sector is gaining traction due to heightened awareness of fire risks and regulatory scrutiny surrounding battery safety. Full Circle Lithium's innovative approach, utilizing a proprietary, non-hazardous fire-extinguishing agent, places it at the forefront of this evolving market. As industries increasingly prioritize safety and environmental considerations, the company’s solutions are poised to address critical challenges faced by businesses and municipalities.

In summary, Full Circle Lithium's $5 million fundraising initiative reflects a proactive approach to meet the escalating demand for lithium-ion battery fire suppression technologies. As the market for such solutions expands, the company is positioned to enhance its operational capabilities and deliver value to its shareholders while contributing to the safety of lithium-ion battery applications across various sectors. The successful execution of this financing could serve as a catalyst for growth, reinforcing Full Circle Lithium's role in a rapidly evolving industry landscape.