Northwire Canada EditionMonday, October 19, 2026
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Production / Operations

Full Circle Lithium adds two U.S. distribution partners

FCLI · Price

Executive Summary

  • Full Circle Lithium Corp. expanded its U.S. distribution network by adding two new partners, Golden Enterprises Inc. and Shur-Sales & Marketing Inc., bringing the total number of U.S. distributors to 10.
  • The company announced strategic discussions to deploy its FCL-X lithium battery fire extinguishing products within U.S. government agencies (EPA, DOE, DOD) and the waste management sector, with initial pilot deployments expected in the coming months.
  • Full Circle retained Machai Capital Inc. for marketing services and ICP Securities Inc. for market-making, outlining specific compensation structures including cash fees, share options, and monthly retainers.

Key Details

  • Distribution Expansion:
    • New partner: Golden Enterprises Inc. (serving New York).
    • New partner: Shur-Sales & Marketing Inc. (covering Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, New Mexico, Nevada, Oregon, Washington, Wyoming, and Utah).
    • Total U.S. distributors now stand at 10.
    • Focus on California and New York as key markets for lithium-ion battery safety solutions.
  • Vertical Market Opportunities:
    • Targeting U.S. government agencies (EPA, DOE, DOD, military) and waste management industry participants.
    • Addressing fire risks in waste transfer trucks, recycling centers, landfills, transit depots, and postal facilities.
    • Company expects to announce initial pilot deployments and collaborative projects over the coming months.
  • Marketing Agreement (Machai Capital Inc.):
    • Services: Digital marketing, branding, content, data optimization, SEO, SEM, lead generation, social media, email, and brand marketing.
    • Compensation: $200,000 plus applicable taxes.
    • Equity Component: 250,000 common share purchase options with a 12-month vesting period and two-year expiry.
    • Status: Arm's length; subject to TSX Venture Exchange approval.
  • Market-Making Agreement (ICP Securities Inc.):
    • Services: Automated market-making using proprietary algorithm "ICP Premium."
    • Compensation: Monthly cash fee of $7,500 plus applicable taxes.
    • Term: 12-month initial term starting Sept. 5, 2025, with automatic monthly renewals unless 30 days' notice is given.
    • Equity Component: None.
    • Status: Compliance with TSX Venture Exchange policies.

Notable Quotes

  • "Partnering with Golden Enterprises and Shur-Sales enables FCL to reach two of the largest and most advanced public safety markets in the U.S. These partnerships position us to better serve municipalities, first responders and commercial/industrial clients that are facing an urgent need for effective lithium-ion battery fire extinguishing agents given the lack of effective extinguishing agents in the market." — Carlos Vicens, Chief Executive Officer
Read the original news release →

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