Full Circle Lithium announces movement to commercial phase
by CM Staff
FCL has successfully completed the demonstration plant phase with its initial client, a global specialty chemical company.
TORONTO — Full Circle Lithium Corp., a USA-based lithium products manufacturer and recycler provided an update regarding the Company’s progress on the operations of its first modular demonstration lithium extraction and processing plant for a global chemical company at one of its specialty chemical plants in the USA.
FCL has successfully completed the demonstration plant phase with its initial client, a global specialty chemical company. Following considerable lab and pilot scale work, FCL had deployed its modular processing plant to the client’s chemical facility in order to demonstrate, at scale and in a live setting, that its plant, driven by its proprietary direct lithium extraction technology (DLE), could extract lithium from the client’s waste stream and make a high-quality lithium product that met the client’s rigorous level of purity. FCL’s modular plant and DLE not only extracted over 99% of the previously lost lithium from the client’s effluent stream, but also removed all necessary impurities in order to qualify the lithium product for purchase by this client.
“This is a major de-risking milestone for our new company as we have demonstrated that our robust lithium extraction and processing technology works at scale in a real-life deployed setting,” said Carlos Vicens, CEO, Director and Founder of FCL. “Making qualified lithium product for our first client gets us closer to near-term deployment of a commercial-scale plant and revenue generation, which we believe will be a first for a north American lithium technology start-up. This achievement also opens the door to a number of other potential clients as they assess our technology and ability to execute at a commercial scale.”
The demonstration plant is now back at the FCL plant for refurbishment and expansion for redeployment at the client’s site as a commercial-scale plant. Next steps for full commercial production include FCL providing to the client a large sample of qualified lithium product for a run through the client’s commercial plant to make its own product, and completion of a definitive agreement, both of which are in progress. Deployment of the commercial plant to the client’s facilities and production ramp-up would then follow, which is expected this quarter.
