Mr. Carlos Vicens reports

FULL CIRCLE LITHIUM SECURES SECOND CLIENT FOR FUTURE PRODUCTION OF LITHIUM USING ITS LEADING LITHIUM EXTRACTION AND PROCESSING TECHNOLOGY

Full Circle Lithium Corp. has signed a second detailed commercial term sheet, containing nine-month binding exclusivity, with a U.S.-based specialty industrial and chemicals company (IndustrialCo2) to extract lithium from its lithium-bearing brine and make saleable lithium products therefrom.

Initial lab work performed by Full Circle Lithium demonstrated that its proprietary direct lithium extraction processing technology successfully extracted lithium from IndustrialCo2's brine. Full Circle Lithium has now commenced technical and economic feasibility test work. Following the successful results of this feasibility work, Full Circle Lithium would build a second commercial-scale plant and deploy it to IndustrialCo2's facilities, which would extract lithium from IndustrialCo2's brine and convert it to lithium chloride.

The lithium chloride extracted from IndustrialCo2's lithium brine would be transported to Full Circle Lithium's fully permitted and operational lithium carbonate production plant in Nahunta, Ga., to make saleable lithium products, which Full Circle Lithium would then sell into the market. The company believes that up to 300 tonnes of lithium carbonate per year can be recovered from IndustrialCo2's brine. The target timeline for full commercial production at IndustrialCo2 is estimated to be the end of 2024.

Carlos Vicens, founder and chief executive officer, stated: "After our initial success with our first client, we are building on our lithium mid-stream recycling business utilizing our scalable proprietary technology as well as our installed lithium carbonate refinery capacity. This is the backbone of our business and, if all technical and economic work is favourable, will provide significant potential value and necessary feedstock for our plant."

Initial lab and piloting work is continuing at the Georgia facility and sampling has been received. The corresponding economic work will be done after technical parameters are established with IndutrialCo2. The company is also working with several other potential clients and will provide progress updates as soon as they become available.

Join Mr. Vicens, chief executive officer of Full Circle Lithium, for a live virtual event today.

Learn more about this new client and this achievement of yet another big milestone by the Full Circle Lithium team. A live interactive question-and-answer session will follow.

Date and time:  Tuesday, April 2, 2024, at 11 a.m. ET/8 a.m. PT

About Full Circle Lithium Corp.

Situated in the epicentre of the largest EV (electric vehicle) buildout in North America, Full Circle Lithium's fully permitted lithium carbonate processing plant in the state of Georgia, United States, combined with a complement of seasoned lithium experts, makes Full Circle Lithium a unique processor and manufacturer of lithium compounds. Full Circle Lithium is focused on lithium and battery material reintegration to meet the demand for crucial battery-grade raw materials, utilizing proprietary technology and know-how. As a complement to its lithium carbonate plant, Full Circle Lithium is focused on three complementary feedstock processing divisions: battery recycling from off-spec and end-of-life lithium-ion batteries, lithium mid-stream recycling from industrial and chemical feedstock, and lithium refinery from upstream feedstock. Following on the company's mantra of the home of lithium science, Full Circle Lithium has also developed an innovative, patent-pending, battery fire extinguishing agent to address the increasing number of difficult-to-extinguish and hazardous lithium battery-based fires.

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