- Full Circle Lithium (TSXV:FCLI), a microcap lithium stock, has announced its proprietary FSS agent for suppressing lithium-based fires
- The company views lithium-based fires as an increasing hazard amid electric vehicle adoption, creating an untapped market for its innovation
- Full Circle Lithium is a lithium processor focused on lithium and battery materials reintegration
- The microcap lithium stock (TSXV:FCLI) last traded at $0.71 per share
Full Circle Lithium (TSXV:FCLI), a microcap lithium stock, has announced its proprietary FSS agent for suppressing and extinguishing lithium-based fires.
The company developed the solution to fill an unmet need, as lithium-ion-battery (LIB) fires are difficult to contain with water or other conventional fire-fighting tools, and the world’s transition to electric vehicles makes them a rapidly growing threat.
Once initiated, LIB fires can consume other battery materials, including the electrolyte solution and battery separator, which can oxidize and worsen the blaze. Once extinguished, the fire may even re-ignite later because of remaining energy or chemicals within the battery.
Full Circle’s innovation is poised to benefit from electric vehicles’ exponential growth, complementing the company’s battery recycling and lithium refining divisions. The company has filed a U.S. patent to protect future commercialization.
Next steps include creating a clear technical development plan, including third-party expert product testing and certification. Initial testing by the company has seen fires quickly extinguished with minimal FSS solution and no re-ignition.
“It is known that a typical full-size EV fire can take up to 40 times more water than a typical internal combustion engine car to put out a fire, and there is a serious risk that it re-ignites later on as water and other conventional fire-fighting agents do not directly act on the causes of the LIB fire,” Carlos Vicens, Full Circle’s Founder and CEO, said in a statement. “We are extremely excited that FCL’s proprietary FSS could be a critical solution in fighting such fires, not only for EVs but for the entire LIBs battery industry.”
“This is a prime example of FCL’s mission to use its deep knowledge of lithium chemistry to create value for the company,” Tom Currin, founder and COO, said in a statement. “This invention arose from the process safety development work performed for our battery recycling business unit and reinforces our bottoms-up approach to understand the chemistry that underlies all our processes.”
Full Circle Lithium is a lithium processor focused on lithium and battery materials reintegration. Its divisions include battery recycling from end-of-life lithium-ion batteries, lithium midstream recycling from industrial and chemical feedstock, and lithium refinery from upstream feedstock.
The microcap lithium stock (TSXV:FCLI) last traded at $0.71 per share.
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