FULL CIRCLE LITHIUM CORP. Full Circle Lithium Corp. provided an update on its proprietary fire suppressant solution ("FSS") invention, a unique solution for lithium battery fires. The Company's unique and innovative FSS invention is progressing through a number of tests being conducted by a recognized US-based testing facility to verify FCL's internal positive results.
The initial test results from this third-party lab are exceedingly positive for FCL's FSS and have confirmed internal results: The firstst test consisted of igniting a collection of nineteen 1865 electrical lithium-ion batteries a and testing the FSS properties on this fire and comparing those results to extinguishment using only water. Using only half of a liter of the FSS, the fire was extinguished in less than 5 seconds and, importantly, the fire did not reignite. Water only put out the battery fire momentarily, but the batteries reignited after three water applications due to heat generated from the reaction.
Conversely, with considerably more volume of water, the e-bike battery fire did initially go out, but it reignited after three water applications and took one hour to cool to ambient temperature. The last test will consist of igniting 50 kWh EV Lithium-ion batteries and running the same tests comparing FCL's FSS versus water. FSS neutralizes the battery fire causing reactions so that these toxins do not continue to be created and released into the environment.
FCL's FSS proprietary active ingredients are safe, significantly reduce water usage, and are environmentally friendly. Initial market assessment analysis of specialty fire suppressants for the lithium battery industry indicated a very significant and growing global problem and business opportunity with currently no known effective fire-fighting solutions available that are rooted in lithium chemistry, environmentally safe, and practical to deploy in a broad range of lithium battery fire scenarios. The Company believes that FCL's FSS has a first-mover advantage in what it foresees as a very significant global business opportunity.
