- Full Circle Lithium Corp. (FCLI) is installing a modular demonstration processing plant at one of its specialty chemical plants in the U.S.
- The team is using its proprietary technology to capture and recycle lithium compounds for a multinational chemical company, ChemicalCo1
- The purpose of the FCL Demo Plant is to capture and process ChemicalCo1’s lithium that is lost in its process to produce a product of sufficient purity and that meets all specifications for direct use
- Full Circle Lithium Corp. (FCLI) stocks opened trading at $0.80 per share
Full Circle Lithium Corp. (FCLI) is installing a modular demonstration processing plant at one of its specialty chemical plants in the U.S.
The team is using its proprietary technology to capture and recycle lithium compounds for a multinational chemical company, ChemicalCo1.
The purpose of the FCL Demo Plant is to capture and process ChemicalCo1’s lithium that is lost in its process onsite and at a larger scale using FCL LEP Technology to produce a lithium product of sufficient purity and that meets all specifications for direct use.
Once the FCL Demo Plant is operational, FCL will expand the Demo Plant into an operating commercial plant and ChemicalCo1 will acquire all the recovered lithium product production. Once in full production, the FCL Commercial Plant will be designed for an initial capacity of 500 tonnes of lithium carbonate per annum equivalent and capacity can be expanded as required.
Full Circle’s Founder, CEO, and Director, Carlos Vicens explained that the team’s goal from the beginning has been to utilize their technology and know-how to recycle lithium as soon as possible.
“Our modular demo plant installation is the culmination of our efforts that began last year working with Chemicalco1 and aligns FCL with its first chemical company client in our efforts to recycle lithium. These are our fist formative steps in developing long-term relationships with industrial and chemical companies in our midstream feedstock recycling business. We are confident that these steps will lead to other commercial opportunities and strategies to integrate FCL’s infrastructure in Georgia, as well as our lithium processing technologies and decades of know-how into the global battery material value chain.”
The FCL Demo Plant and FCL LEP Technology are environmentally focused processes using minimal water and limited reagents. The FCL Demo Plant system is built in a modular manner so that it can easily serve as the base for the FCL Commercial Plant.
The plant is expected to be operational in the Q2-Q3 2023 timeframe.
Full Circle Lithium (FCLI) is a Georgia based full-service battery material processing company focused on lithium and battery materials reintegration to meet demand for battery-grade raw materials. The primary focus of Full Circle is on recycling high purity lithium as well as high purity copper and aluminum and potentially other battery materials such as nickel, cobalt, manganese, iron phosphate and graphite.
Full Circle Lithium Corp. (FCLI) opened trading at $0.80 per share.
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