Full Circle Lithium closes private placement

TORONTO, ON / ACCESS Newswire / August 14, 2026 / 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 the closing of its non-brokered private placement financing (the " Offering "), originally announced on June 19, 2026.

Pursuant to the second tranche closing, the Company issued 4,281,250 units (the " Units ") at a price of $0.40 per Unit for additional gross proceeds of $1,712,500 (the " Second Tranche ").

Together with the first tranche of the Offering, which closed on July 15, 2026, the Company issued 12,853,750 Units for gross proceeds of $5,141,500. The Offering was oversubscribed relative to the Company's initially announced offering amount of $5,000,000 and is now closed.

Each Unit consists of one common share of the Company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the Company at an exercise price of C$0.70 for a period of 18 months from the date of issuance, subject to an acceleration provision if the Company's common shares trade at or above C$1.20 for ten consecutive trading days, in accordance with the terms previously announced by the Company.

Net proceeds from the Offering are expected to be used to expand production capacity, inventory, sales and marketing initiatives for the Company's growing portfolio of FCL-X™ lithium-ion battery fire suppression products, as well as for general working capital.

The Company paid cash finder's fees of approximately $188,167.50 and issued 468,300 finder warrants (the " Finder Warrants ") to certain arm's-length finders, which includes finder's fees incurred in connection with the first tranche of the Offering. Each Finder Warrant will entitle the holder to purchase one common share at a price of $0.40 for a period of eighteen months following the Closing Date. The Finder Warrants will not be listed on the TSX Venture Exchange (the " TSXV ") or any other exchange.

All securities issued under the Offering are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws and the policies of the TSXV. The securities are also subject to a contractual restriction on transfer for 12 months from the date of issuance.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

About Full Circle Lithium Corp.

FCL is a U.S.-based manufacturer of sustainable solutions for the lithium battery safety sector. Its flagship product innovation, FCL-X™ , is a proprietary, non-hazardous, water-based fire-extinguishing agent designed specifically to combat the growing threat of lithium-ion battery fires. Backed by a world-class technical team, FCL is committed to delivering safe, effective, and environmentally responsible fire mitigation technologies.