Full Circle Lithium installing recycling demo processing plant at multinational chemical company’s site

TORONTO — Full Circle Lithium Corp., a USA based lithium products manufacturer and recycler, announces that it is installing a modular demonstration processing plant using FCL proprietary technology to capture and recycle lithium compounds for a multinational chemical company at one of its specialty chemical plants in the USA.

“Our goal from day one has been to utilize our technology and know-how to recycle lithium as soon as possible and generate returns to shareholders,” said Mr. Carlos Vicens, Founder, CEO & Director of FCL. “Our modular demo plant installation is the culmination of our efforts that began last year working with Chemicalco1 and aligns FCL with its first chemical company client in our efforts to recycle lithium. These are our fist formative steps in developing long-term relationships with industrial and chemical companies in our midstream feedstock recycling business. We are confident that these steps will lead to other commercial opportunities and strategies to integrate FCL’s infrastructure in Georgia, as well as our lithium processing technologies and decades of know-how into the global battery material value chain.”

Over the past year, the Company has tested a number of lithium bearing samples provided by potential clients in both laboratory and at pilot scale and has proven the ability to capture and extract lithium compounds from a variety of lithium streams. Based on positive results of such work with Chemicalco1, FCL has designed and built a large modular demonstration plant (the FCL Demo Plant), using its proprietary extraction and processing technology and know-how.

The Company is currently working on the installation of the FCL Demo Plant at ChemicalCo1’s plant, which is expected to be operational in the Q2-Q3 2023 timeframe. The purpose of the FCL Demo Plant is to demonstrate FCL’s ability to capture and process ChemicalCo1’s lithium that is lost in its process onsite and at a larger scale using FCL LEP Technology to produce a lithium product of sufficient purity and that meets all specifications for direct use by ChemicalCo1.

The FCL Demo Plant and FCL LEP Technology are environmentally focused processes using minimal water and limited reagents. The FCL Demo Plant system is built in a modular manner so that it can easily serve as the base for the FCL Commercial Plant.