Full Circle Lithium

Full Circle Lithium, based in Toronto, specializes in lithium-ion battery safety and sustainable solutions. Their flagship FCL-X™ effectively extinguishes battery fires across various sectors. With over a century of combined expertise, they also operate a lithium processing facility and advance battery recycling technologies.

Company Location

Country:

Canada

City:

Toronto

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Company Overview

Full Circle Lithium is a solution provider in the lithium-ion battery sector, founded to enhance safety management and sustainable practices. The company develops specialized technologies for battery fire suppression and lithium material processing. Its flagship innovation, FCL-X™, is a non-hazardous fire extinguishing agent for lithium-ion battery fires across commercial, industrial, transportation, and residential applications. The team brings over 100 years of combined lithium processing and firefighting expertise.

Battery Technology

FCL-X™ is a proprietary water-based solution that neutralizes hazardous reactions during lithium-ion battery fires by mitigating lithium oxidation and stabilizing decomposing electrolytes, ensuring effective suppression without re-ignition and minimal cleanup. The company also operates a permitted lithium carbonate processing facility in Georgia, United States, with an initial 2,000 tpa capacity (expandable to 10,000 tpa), employing advanced recycling methods, automated component separation, discharge management, and hydrogen generation control.

Products

FCL-X™: a non-hazardous, water-based fire extinguishing agent engineered for lithium-ion battery fires. It neutralizes reactive chemicals, stabilizes electrolytes, prevents re-ignition, and reduces cleanup time. Available for commercial, industrial, transportation, and residential use.

Recent Projects

Global distribution agreement with US Fire Pump Company; testing completed with a major EV manufacturer and Georgia Ports Authority; initial FCL-X™ sales exceeded $300,000; $1.5 million secured through equipment sales for manufacturing and marketing.

Investors

Paul Fornazzari holds 15.7%; Commodity Capital AG holds 10.7%; CEO Carlos Vicens holds 5.8%; Franco Mignacco holds 1.4%; CTO William Bourcier holds 1.1%. The company raised $1.6M in a private placement and $9.8M in concurrent financing from its go-public transaction.

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