08:22 AM EDT, 08/15/2025 (MT Newswires) -- Full Circle Lithium ( FCLIF ) said Friday that it is raising $3 million in a private placement to fund product development, intellectual property protection, training center development and for working capital requirements.

The offering comprises 15 million units priced at $0.20 apiece. Each unit will consist of one share and one-half of a warrant.

Each warrant can be exercised at $0.30 per share for 24 months. This can be accelerated in the event the closing price of the shares is at least $0.80 for a period of not less than 20 straight trading days.

The offering is expected to close on or about Aug. 27.

Full Circle Lithium ( FCLIF ) has developed a lithium-ion battery fire-extinguishing agent to address the increasing number of difficult-to-extinguish and hazardous lithium-ion battery-based fires.