Full Circle's FCL-X plant at full production capacity

Executive Summary

• Full Circle Lithium Corp.'s FCL-X lithium battery fire extinguisher manufacturing plant has reached full production capacity ahead of a planned April retail rollout in North America.
• The company is launching FCL-X extinguishers through major home improvement and specialty retail outlets, alongside a push into industrial and commercial sectors for larger format units.
• The launch addresses a significant rise in lithium-ion battery fires, with data showing a 38% year-over-year increase in Toronto and approximately 1,500 residential fires annually in the U.S. involving batteries.

Key Details

• Production Status: The FCL-X manufacturing plant is operating at full production capacity for the extinguisher business segment.
• Retail Launch: Scheduled for April, the rollout will make FCL-X lithium battery fire extinguishers available to consumers across major home improvement and specialty retail outlets in North America.
• Commercial Strategy: In addition to retail, there is a significant push into industrial and commercial end-users for larger format extinguishers.
• Market Context (Toronto): In 2024, the City of Toronto Fire Services reported 76 fires caused by lithium-ion batteries, representing a 38% increase over the previous year and a 162% increase compared with 2022.
• Market Context (U.S.): U.S. fire departments respond to approximately 1,500 residential fires per year involving batteries, with lithium-ion chemistries accounting for a growing share due to the adoption of e-bikes, portable power stations, power tools, and home energy storage systems.
• Product Differentiation: The FCL-X is purpose-built to suppress lithium-ion thermal runaway events, which traditional ABC multipurpose extinguishers cannot effectively handle due to risks of reignition, extreme heat, and toxic gas production.
• Future Development: The company plans to develop an on-site lithium battery burn and training facility to support live burn testing, first-responder training, and OEM validation initiatives.
• Educational Initiatives: The April launch will be supported by expanded consumer education on safe battery handling, charging practices, storage awareness, and emergency preparedness.

Notable Quotes

• "As lithium-ion batteries become increasingly embedded in everyday life, the associated fire risks require a dedicated response," said Carlos Vicens, chief executive officer of Full Circle Lithium. "Operating at full-plant capacity for the extinguisher product line ensures we are ready to meet retail demand. Every household and workspace with lithium-powered devices should be equipped with the proper tool -- traditional fire extinguishers alone are not sufficient for this evolving risk."