12:26 PM EDT, 10/31/2024 (MT Newswires) -- Full Circle Lithium ( FCLIF ) , a U.S.-based lithium-products manufacturer, was last seen up 25% after the company on Thursday said it reached an initial distribution agreement with AEST Fire and Safety, as part of the company's efforts to commercialize its lithium-ion battery fire fighting agent FCL-X.

This distribution arrangement will see AEST market FCL-X across residential, industrial, and commercial settings and into the first responder fire safety industry. FCL believes that its FCL-X product is ideally suited to not only reduce the hazards associated with these fires but also to extinguish them completely.

"Recognizing the potential dangers of lithium-ion battery fires, finding an effective extinguishing agent has been an urgent priority for us," said founder and President of AEST, David Laviner. "Incidents involving lithium-ion battery fires can have devastating consequences, and there has been a lack of effective solutions in the market specifically designed to combat these fires. The FCL-X fire suppression agent represents a significant advancement in our ability to protect lives and property."

Full Circle shares were last seen up $0.05 to $0.20 on the TSX Venture Exchange.

Price: 0.25, Change: +0.05, Percent Change: +25.00