Full Circle arranges $3-million private placement

Executive Summary

• Full Circle Lithium Corp. announced a non-brokered private placement for aggregate gross proceeds of up to C$3 million.
• The company is selling up to 15 million units at a price of 20 cents per unit, with PowerOne Capital Markets Ltd. acting as the lead finder.
• Net proceeds are intended for product development, intellectual property protection, training centre development, and working capital.

Key Details

• Structure: Non-brokered private placement.
• Gross Proceeds: Up to C$3 million.
• Units Offered: Up to 15 million units.
• Price Per Unit: 20 cents.
• Unit Composition: Each unit consists of one common share and one-half of one common share purchase warrant.
• Warrant Terms: Each warrant entitles the holder to purchase one additional common share at an exercise price of 30 cents.
• Warrant Expiry: 24 months after the closing date.
• Warrant Acceleration: Subject to acceleration if the closing price of common shares is at least 80 cents for a period of not less than 20 consecutive trading days.
• Regulatory Basis: Offered in Canada under the listed issuer financing exemption (LIFE) under NI 45-106; also conducted in the US and certain foreign jurisdictions pursuant to OSC Rule 72-503.
• Hold Period: Securities are not subject to a hold period under applicable Canadian securities laws.
• 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-V approval.
• Finder's Fees: The company may pay finders' fees in accordance with TSX-V policies.

Notable Quotes

• No direct quotes from the CEO or President were included in the provided text.