Full Circle Lithium Announces Closing of C$4.5 Million Private Placement

Core Points - Full Circle Lithium Corp. successfully closed a non-brokered private placement, raising total gross proceeds of C$4,500,000 due to strong investor demand [1][2] - The Offering consisted of 22,500,000 units priced at C$0.20 per Unit, with each Unit including one common share and one-half of a common share purchase warrant [2] - The Company is now fully funded to execute its strategic plan, which includes accelerating commercialization efforts and scaling operations [4] Offering Details - The Offering was led by PowerOne Capital Markets Limited and completed under the listed issuer financing exemption, allowing for freely tradeable shares in Canada [3] - Cash finder's fees of approximately C$150,290 were paid, along with the issuance of 751,450 Finder Warrants [3] - Insiders subscribed to an aggregate of 450,000 Units, which is considered a related party transaction, and these Units are subject to a four-month hold period [4] Strategic Focus - The Company aims to advance product development of its proprietary fire-extinguishing agent, FCL-X™, and secure intellectual property rights [7][8] - Plans include launching retail dedicated products, developing a training center for fire response personnel, and supporting working capital for expanded operations [7]