Full Circle Lithium raises $5.0 million in non-brokered private placement

FULL CIRCLE LITHIUM ANNOUNCES $5.0 MILLION NON-BROKERED PRIVATE PLACEMENT PR Newswire Key Highlights Up to $5 million financing to support expanding production, inventory, and distribution capacity for FCL-X™ lithium-ion battery fire suppression products Capital to strengthen working capital, optimize supply chains, and accelerate commercialization efforts amid growing demand TORONTO , June 19, 2026 /PRNewswire/ - Full Circle Lithium Corp. ("FCL" or the "Company") (TSXV: FCLI) (OTCQB: FCLIF) (FSE: K0Q), a leading U.S.-based manufacturer of lithium-ion battery fire extinguishing products, is pleased to announce a non-brokered private placement financing of up to 12,500,000 units (the "Units") at $0.40 per Unit, for gross proceeds of up to $5,000,000 (the "Offering"). Each Unit will consist of one common share of the Company (a "Unit Share") and one-half of one common share purchase warrant. Each whole warrant (a "Warrant") will entitle the holder to acquire one additional common share of the Company (a "Warrant Share") at an exercise price of $0.70 per share for a period of 18 months from the closing date of the Offering.

The Company retains the right to increase the size of the Offering. "The launch of this financing marks an important step in supporting Full Circle Lithium's next phase of growth," said Carlos Vicens, Chief Executive Officer of Full Circle Lithium. "We are seeing strong and expanding demand for our FCL-X™  fire-extinguishing product line across a broad range of industries, including battery energy storage systems (BESS), waste and recycling operations, electric vehicle manufacturing, transportation and logistics, mining, marine, utility infrastructure, data centers, and first responder applications.

In addition, the recent launch of our U.S. retail distribution strategy is creating new opportunities to bring FCL-X™ directly to consumers and businesses seeking proven lithium-ion battery fire protection solutions. As the adoption of lithium-ion batteries continues to accelerate globally, the frequency of lithium-ion battery fire incidents is also increasing, creating significant safety, operational, and financial challenges for businesses, municipalities, and consumers. FCL-X™ is an innovative fire suppression solution specifically developed to rapidly extinguish lithium-ion battery fires, helping to mitigate thermal runaway, reduce the risk of reignition, and limit associated damage.

This financing is expected to provide the capital required to support our accelerating commercial growth, including expanding production capacity, strengthening inventory levels, optimizing our supply chain, supporting new retail and distribution partnerships, and advancing the commercialization of our proprietary technologies. We believe these initiatives position Full Circle Lithium to capitalize on significant market opportunities and continue building long-term shareholder value." WARRANT ACCELERATION The Company may accelerate the expiry date of the Warrants upon providing 10 days' written notice to holders if the closing price of the Company's common shares equals or exceeds $0.90 for a minimum of 10 consecutive trading days. The Offering is expected to close on or about June 30, 2026, or such other date as determined by the Company, subject to customary closing conditions.