Full Circle Lithium increases financing to $4.5-million

Executive Summary

• Full Circle Lithium Corp. has upsized its non-brokered private placement from C$3 million to C$4.5 million due to strong investor interest.
• The offering consists of up to 22.5 million units priced at C$0.20 per unit, with each unit comprising one common share and one-half of one common share purchase warrant.
• Net proceeds are designated for product development, intellectual property protection, training centre development, and working capital.

Key Details

• Gross Proceeds: Upsized to C$4.5 million (increased from original C$3 million).
• Unit Price: C$0.20 per unit.
• Units Issued: Up to 22.5 million units.
• Warrant Terms: Each unit includes one-half of one warrant; each warrant entitles the holder to purchase one additional common share at an exercise price of C$0.30.
• Warrant Expiry: 24 months after the closing date.
• Warrant Acceleration: Triggered if the closing price of common shares is at least C$0.80 for 20 consecutive trading days.
• Lead Finder: PowerOne Capital Markets Ltd.
• Regulatory Basis: Listed Issuer Financing Exemption (LIFE) under National Instrument 45-106 for Canadian investors; conducted in the US and foreign jurisdictions per OSC Rule 72-503.
• Hold Period: No hold period applies to securities issued under this offering.
• Use of Proceeds: Product development, intellectual property protection, training centre development, and working capital requirements.
• Expected Closing: On or about August 27, 2025, subject to corporate and regulatory approvals, including TSX Venture Exchange approval.
• Filing: An amended and restated offering document has been filed on SEDAR+.