- FCL's proprietary lithium-ion battery fire extinguishing
agent has been shown to be best-in-class by an independent US-based
accredited third-party testing laboratory
- The FCL fire extinguishing agent put out lithium-ion battery
fires significantly faster and with less hazardous smoke than both
water and a leading competitor
TORONTO, March 25,
2024 /CNW/ - Full Circle Lithium Corp. ("FCL" or the
"Company") (TSXV: FCLI) (OTCQB: FCLIF), a USA-based lithium products manufacturer and
recycler with a highly experienced technical team, is pleased to
report on the latest third-party testing results of its lithium-ion
battery fire fighting agent (the "FCL Agent").
An independent US-based accredited third-party laboratory
conducted a series of tests utilizing different size lithium-ion
batteries including a collection of 19 NMC 2800 mAh
(milliampere-hour) battery cells, a 960 Wh (watt-hour) electric
bike battery (made up of 48x18650 NMC cells), and, most recently an
electric vehicle ("EV") size 57 kW (kilowatt-hour) battery. The
third-party laboratory reported on the first two test results and
will report on the EV size battery test after all internal analyses
and comparisons are completed.
Uncontrollable lithium-ion battery fires are proving to be a
growing critical risk and challenge worldwide given the continued
growth of electric lithium-ion battery-powered devices as well as
for e-mobility and energy storage systems. The purpose of the
third-party testing was to compare and understand the effects of
different extinguishing agents on secondary lithium-ion batteries
undergoing thermal runaway. The testing protocol was developed by a
third-party laboratory to replicate current industry standards for
lithium-ion propagation testing as well as fire suppression
certification testing outlined in UL 9540A 4th edition and UL 711
8th edition.
While all three agents (the FCL Agent, water, and the leading
third-party fire-fighting agent (the "Third-Party Agent"))
mitigated the initial fires, the FCL Agent was orders of magnitude
faster to extinguish the fires with only one application applied
and produced considerably less volume of smoke (which contain
hazardous chemicals). Water alone was only able to put out the
battery fires after several voluminous applications as the
batteries reignited multiple times. This highlights FCL Agent's
potential for rapid and effective lithium-ion battery fire control
in real-world settings.
The EV-size battery fire testing was recently completed, and the
third-party laboratory will provide its report once its analysis is
completed. FCL's personnel observing the EV fire testing reported
that the FCL Agent extinguished the fire quickly and safely, with
limited hazardous smoke being released.
Carlos Vicens, founder and CEO,
stated: "We are very excited by these results that have now
validated and surpassed our internal initial views. The FCL Agent
is proving to be fast-acting, safe, and effective on both small and
large-scale lithium-ion battery fires. We also believe our FCL
Agent has significant advantages in health/safety/environment
concerns and costs when compared to other competing agents. We will
now focus on having the FCL Agent UL rated for both retail and
commercial use over the upcoming months as well as having broader
discussions with third parties on potential market avenues."
Join Carlos Vicens, CEO of Full Circle Lithium for a
LIVE Virtual Event
Learn more about this massive breakthrough in modern-day
safety, with incredible global implications, and ask questions
during the interactive Q&A.
Date and time: Tuesday, March 26th
at 11 am ET / 8 am PT
Click here to register for the event >
About Full Circle Lithium
Corp.
Situated in the epicenter of the largest EV buildout in
North America, FCL's fully
permitted lithium carbonate processing plant in the state of
Georgia, USA combined with a
complement of seasoned lithium experts, makes FCL a unique
processor and manufacturer of lithium compounds. FCL is focused on
lithium and battery materials reintegration to meet the demand for
crucial battery-grade raw materials, utilizing proprietary
technology and know-how. In addition to its lithium carbonate
plant, FCL is focused on three complementary feedstock processing
divisions: battery recycling from off-spec and end-of-life
lithium-ion batteries, lithium mid-stream recycling from industrial
and chemical feedstock, and lithium refinery from upstream
feedstock. Following on the Company's mantra of "the home of
lithium science", FCL has also developed, and filed a patent
application for an innovative battery fire extinguishing agent, to
address the increasing number of difficult to extinguish and
hazardous lithium-based fires. Additional information regarding FCL
is available on SEDAR at www.sedar.com under the Company's profile
and its website at www.fullcirclelithium.com
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 viability, effectiveness, safety and any
potential production and commercialization related to FCL's battery
fire extinguishing agent which is at an early stage of testing and
development, on receiving patent protection for the agent and
related inventions and processes, the ability of FCL, a start-up
venture, to continue raising capital, upgrading and refurbishing
its plant, and sourcing feedstock for its 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
company's 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.