Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Full Circle Lithium Corp ( (TSE:FCLI) ) just unveiled an announcement.
Full Circle Lithium Corp. has announced a non-brokered private placement to raise C$3 million through the sale of 15 million units at C$0.20 per unit. Each unit includes one common share and a warrant to purchase an additional share. The proceeds will be used for product development, intellectual property protection, and working capital. This strategic move is expected to bolster the company’s financial position and support its growth initiatives, enhancing its market presence in the lithium industry.
More about Full Circle Lithium Corp
Full Circle Lithium Corp. is a USA-based manufacturer specializing in lithium products. The company has developed an innovative fire-extinguishing agent, FCL-X™, designed to address hazardous lithium-ion battery fires. FCL-X™ is a water-based, non-hazardous solution that effectively mitigates lithium oxidation reactions and stabilizes decomposing electrolytes. The company is supported by a technical team with extensive experience in lithium, fire safety, and firefighting.
Average Trading Volume: 22,889
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$9.85M
For a thorough assessment of FCLI stock, go to TipRanks’ Stock Analysis page.