Full Circle Lithium acquires processing facility and expands land position
by CM Staff
FCL has now closed on the previously announced proposed acquisition of the Georgia Facility, including the land and all facilities at a price of US$500,000.
TORONTO — Full Circle Lithium Corp., a USA-based lithium products manufacturer and recycler with a technical team is provided an update regarding the acquisition of its scalable, fully permitted, and operational lithium processing plant in Georgia, USA.
“The Company now owns close 60 acres of land and is well positioned to grow its business in all of its operating units” said Carlos Vicens, CEO, Director and Founder of FCL. “Significant interest has been received from third parties on growth initiatives over the past few months and we wanted to crystalize the ownership and growth potential in and around our Georgia Facility.”
FCL has now closed on the previously announced proposed acquisition of the Georgia Facility, including the land and all facilities at a price of US$500,000. The Company paid US$250,000 to the vendor with the remaining US$250,000 paid in one installment next year, subject to certain conditions being met.
In addition, FCL has also closed on an additional 39 acres of land owned by the Brantley County Development Authority which is adjacent to the Georgia Facility. This land is reportedly important for future operations as it will provide direct rail and highway access, as well as significant room for future expansion for the various lines of business – midstream recycling, battery recycling, lithium refinery, and, more importantly, the fire suppressant business (FSS).
