Full Circle Lithium Corp. (FCL) has developed a proprietary agent for supressing and extinguishing lithium based fires (FSS). FCL has recently filed a U.S. patent application to protect its technology.

Given that LIB-related fires have been difficult to contain with water or other conventional fire fighting tools, and have caused loss of life and extensive damage, fire fighting and safety authorities in the USA and around the world, as well as manufacturers, have been raising concerns as the LIB industry develops. There is a need in this industry for effective solutions to extinguish LIB fires, and prevent the release of hazardous chemicals, as the USA and world converts to electric powered transportation. A crucial step towards developing LIBs and the devices they power - be it electric vehicles, scooters, power tools, computers or cellphones - is their safe operation and handling.

LIBs contain, along with stored energy, potentially hazardous chemical constituents. As such there are dangers associated with the use of LIBs, including fire hazards. Other hazards include inadvertent or uncontrolled discharge of the remaining stored energy resulting in explosions and the release of toxic chemicals that may include flammable hydrogen gas and hydrogen fluoride.

If there is a defect, damage, or trauma to a LIB in an electric vehicle, scooter, or other LIB-powered device, the release of energy can be explosive and can initiate fires. Once started, the fire can consume other battery materials such as the electrolyte solution and battery separator, which also may oxidize and contribute to various simultaneous potentially harmful reactions within the LIB. Even if the initial fire is extinguished using conventional means, the LIB may reignite later, as there may be remaining energy contained and potentially ongoing reactions within the battery.

Not only is the extinguishing of the initial fire important, but it is also crucial to contain and prevent future internal reactions and reignition of the LIB fire. The Company is taking important steps to create a clear technical development plan, including third-party expert product testing and certification in order to establish critical credibility of the product to authorities and the marketplace. In initial testing by the Company, its FSS quickly extinguished fires of LIB cells while utilizing minimal FSS solution, with no reignition of the fire.

FCL intends to fully protect the intellectual property rights associated with its business and technology assets. The Company will continue to protect its technology, inventions and improvements thereto that are commercially important to the development of its business using intellectual property rights, including patents, trademarks and trade secrets. As a reminder, The FCL Demo Plant and FCL LEP technology are environmentally focused processes using minimal water and limited reagents.

FCL is aligned with the sustainability and cost objectives of its customers, communities, and governmental infrastructure initiatives.