Announcement

Full Circle Lithium Corp. (TSXV:FCLI, OTCQB:FCLIF, FSE:K0Q) announced a non‑brokered private placement of up to 12,500,000 units at a price of $0.40 per unit, targeting gross proceeds of up to $5,000,000. The unit price represents a 33 % premium to the current market price of $0.30, which has delivered a 61.5 % total return over the past twelve months.

Unit Structure

Each unit consists of one common share and one‑half of a common‑share purchase warrant. A whole warrant entitles the holder to purchase one additional common share at an exercise price of $0.70 per share, exercisable for 18 months from the closing date. The company may accelerate the warrant expiry date by giving ten days’ written notice if the closing price of the common share equals or exceeds $0.90 for a minimum of ten consecutive trading days.

Closing and Size Flexibility

The offering is expected to close on or about 30 June 2026, subject to customary closing conditions, and the company retains the right to increase the size of the offering.

Finder Compensation

Full Circle Lithium may pay eligible finders a cash commission of up to 7 % of the gross proceeds raised from subscribers introduced by such finders, and may also issue compensation warrants equal to up to 7 % of the units sold to those investors, exercisable at $0.40 per share for 18 months from closing.

Transfer Restrictions

Securities issued in the placement will be subject to a statutory hold period of four months and one day from the closing date in accordance with Canadian securities laws, and subscribers will be contractually restricted from transferring the securities for twelve months from the closing date.

Investor Eligibility

The units will be offered to accredited investors and other qualified purchasers in Canada under the prospectus exemptions of National Instrument 45‑106, and will also be available to accredited investors in the United States under Rule 506(b) of Regulation D of the U.S. Securities Act of 1933.

Financial Position and Outlook

Full Circle Lithium reports a current ratio of 6.0, indicating a strong liquidity position. Analysts forecast revenue growth of 246 % for fiscal year 2026.

Business Description

The company manufactures lithium‑ion battery fire‑extinguishing products, including its FCL‑X product line.