Full Circle Lithium Inc. Announces $10 Million Brokered Financing Connected To Go-Public Transaction With Esg Capital 1 Inc.

Dec 13, 2022•over 2 years ago

Amount Raised

$10 Million

Toronto

Description

Full Circle Lithium Inc. (“Full Circle”) and ESG Capital 1 Inc. (“ESG Capital”) are pleased to announce that further to the news release dated November 7, 2022, Full Circle has entered into an engagement letter with Clarus Securities Inc., together with PowerOne Capital Markets Limited and a syndicate of agents including Canaccord Genuity Corp. (collectively the “Agents”), to act for and on behalf of Full Circle to complete a private placement offering (the “Offering”) of up to 14,286,000 subscription receipts (the “Subscription Receipts”) at a price per Subscription Receipt of $0.70 (the “Issue Price”) for aggregate gross proceeds of up to $10,000,200, with an option to upsize at the discretion of the Agents.

Company Information

Company

Full Circle

Location

Toronto, Ontario, Canada

About

Full Circle Lithium is a battery material processing company focused on lithium and battery materials reintegration to meet the demand for crucial and scarce battery-grade raw materials the world requires utilizing improved technology and process improvements. The Company is focused in three distinct and complementary battery material processing business segments using its superior technical skills, innovative recycling approach and lithium recovery process: battery recycling from end-of-life solution lithium-ion batteries, feedstock recycling from industrial and chemical feedstock recovering lithium, and lithium refinery from upstream and downstream feedstock. Full Circle has leading technical expertise with over 70 years of combined experience in lithium extraction and processing (IP development ongoing) and proven capital markets experience within the lithium industry at Neo Lithium and Lithium Americas.

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