Full Circle Lithium stands as a dedicated solution provider in the lithium-ion battery sector, focusing on safety management and sustainable practices. Since its establishment, the company has developed specialized technologies for handling battery fires and processing lithium materials. Their main innovation, FCL-X™, represents a non-hazardous fire extinguishing agent specifically engineered for lithium-ion battery fires across commercial, industrial, transportation, and residential applications. With over 100 years of combined technical expertise in lithium processing and firefighting, the team brings substantial experience to address critical industry challenges.
Battery Technology
The company’s flagship product, FCL-X™, utilizes a proprietary water-based solution that effectively neutralizes hazardous chemical reactions during lithium-ion battery fires. This technology mitigates lithium oxidation and stabilizes decomposing electrolytes, resulting in successful fire suppression without the risk of re-ignition. The solution requires minimal cleanup, enhancing safety for firefighters while protecting the environment.
In addition to fire suppression technology, Full Circle Lithium operates a permitted lithium carbonate processing facility in Georgia, USA. This plant maintains an initial capacity of 2,000 tonnes annually, with potential expansion to 10,000 tonnes. The facility implements advanced recycling methods for spent lithium-ion batteries and recovers valuable materials from industrial waste streams. Their selective automated component separation system addresses process safety risks associated with battery recycling, including discharge management and hydrogen generation control.
Recent Projects
In recent developments, Full Circle Lithium signed a significant global distribution agreement with US Fire Pump Company for FCL-X distribution worldwide. The company successfully completed testing programs with a major electric vehicle manufacturer and the Georgia Ports Authority, demonstrating FCL-X’s effectiveness in extinguishing EV fires. Initial sales of FCL-X exceeded US$300,000, and the company secured approximately US$1.5 million through equipment sales to support manufacturing and marketing efforts.
Investors
Full Circle Lithium’s investor base includes several notable stakeholders. Paul Fornazzari holds the largest stake at 15.65% (6,215,000 shares), followed by Commodity Capital AG with 10.70% (4,250,000 shares). CEO Carlos Vicens maintains a 5.752% ownership (2,284,500 shares), while Franco Mignacco and CTO William Bourcier hold 1.367% and 1.072% respectively. The company recently raised $1,578,000 through a non-brokered private placement and completed a go-public transaction that generated $9.8 million in concurrent financing.
Business Details
Location: Toronto, Canada
Website: https://fullcirclelithium.com
LinkedIn: https://www.linkedin.com/company/full-circle-lithium/
