Mr. Carlos Vicens reeports

FULL CIRCLE LITHIUM ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Full Circle Lithium Corp. has closed its non-brokered private placement financing, originally announced on June 19, 2026.

Pursuant to the second tranche closing, the company issued 4,281,250 units at a price of 40 cents per unit for additional gross proceeds of $1,712,500.

Together with the first tranche of the offering, which closed on July 15, 2026, the company issued 12,853,750 units for gross proceeds of $5,141,500. The offering was oversubscribed relative to the company's initially announced offering amount of $5,000,000 and is now closed.

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to purchase one additional common share of the company at an exercise price of 70 cents for a period of 18 months from the date of issuance, subject to an acceleration provision if the company's common shares trade at or above $1.20 for 10 consecutive trading days, in accordance with the terms previously announced by the company.

Net proceeds from the offering are expected to be used to expand production capacity, inventory, sales and marketing initiatives for the company's growing portfolio of FCL-X lithium-ion battery fire suppression products, as well as for general working capital.

The company paid cash finders' fees of approximately $188,167.50 and issued 468,300 finders' warrants to certain arm's-length finders, which includes finders' fees incurred in connection with the first tranche of the offering. Each finder's warrant will entitle the holder to purchase one common share at a price of 40 cents for a period of 18 months following the closing date. The finders' warrants will not be listed on the TSX Venture Exchange or any other exchange.

All securities issued under the offering are subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable securities laws and the policies of the TSX-V. The securities are also subject to a contractual restriction on transfer for 12 months from the date of issuance.

About Full Circle Lithium Corp.

Full Circle Lithium is a United States-based manufacturer of sustainable solutions for the lithium battery safety sector. Its flagship product innovation, FCL-X, is a proprietary, non-hazardous, water-based fire-extinguishing agent designed specifically to combat the growing threat of lithium-ion battery fires. Backed by a world-class technical team, Full Circle Lithium is committed to delivering safe, effective and environmentally responsible fire mitigation technologies.

We seek Safe Harbor.