#Canada #Toronto #Full Circle Lithium #ITOCHU Corporation #FCL-X

Full Circle Lithium and ITOCHU Corporation Sign MOU for FCL-X™ Commercialization in Asia

Toronto, ON, March 18, 2025 - Full Circle Lithium Corp. (FCL), a prominent manufacturer from the USA specializing in lithium-ion fire-extinguishing agents, has entered into a significant Memorandum of Understanding (MOU) with Japan's ITOCHU Corporation. This partnership aims to introduce FCL-X™, a groundbreaking firefighting solution, to the Japanese and Korean markets.

Expanding Market Potential

The collaboration represents a strategic move for FCL, effectively doubling its addressable market by adding the expansive Asian region to its distribution network. ITOCHU, recognized as one of Japan's leading companies within the lithium-ion battery sector, brings substantial resources and knowledge to this venture. Their involvement is pivotal, considering their extensive portfolio, which encompasses sales, marketing of lithium-ion battery materials, and energy solutions.

Carlos Vicens, CEO and Founder of Full Circle Lithium, expressed enthusiasm about the partnership, stating, "We are thrilled to welcome ITOCHU as a partner to help tap into the Asian market for our FCL-X™ line of products. Their local knowledge and extensive product suite are invaluable for our efforts. This partnership will facilitate a swift deployment of our firefighting solutions to entities that prioritize safety against battery fires."

Advantages of FCL-X™

FCL-X™ has gained rapid acceptance among firefighters in the USA for its exceptional capabilities in combatting industrial fires, particularly those involving lithium-ion batteries. Its formulation is not only effective and efficient but also non-hazardous and environmentally friendly, making it a responsible choice for modern firefighting needs. The agent neutralizes hazardous reactions, thereby limiting lithium oxidation and stabilizing decomposing electrolytes during a fire.

The significance of such a product cannot be overstated, as the frequency and complexity of lithium-ion battery fires continue to rise. Given the critical demand for effective firefighting agents, especially in environments housing electric vehicles and advanced battery storage systems, FCL-X™ stands out as a necessary innovation.

Goals of the MOU

The MOU between FCL and ITOCHU outlines a framework for negotiating a binding agreement after the completion of various customary due diligence aspects. Should the agreement proceed successfully, ITOCHU may gain exclusive rights to market and distribute certain forms of FCL-X™ within the Asian market, alongside potentially establishing a localized manufacturing system for the product.

Vicens notes the broader implications of the agreement, indicating that it could lead FCL into additional Asian countries beyond Japan and Korea, thereby amplifying the reach and impact of their innovative firefighting solutions.

About ITOCHU Corporation

Founded in 1858, ITOCHU Corporation has evolved from the linen trading business into a significant global player in various sectors, including textiles, machinery, food, and chemicals, boasting operations in 61 countries. Their extensive experience in managing a diverse portfolio makes ITOCHU a prime ally for Full Circle Lithium's international expansion efforts.

About Full Circle Lithium Corp.

FCL aims to provide innovative solutions to the growing problems associated with lithium-ion battery fires, ensuring public safety and environmental sustainability. The company’s unwavering focus on advancing battery safety through FCL-X™ has positioned it as a leader in firefighting technologies.

As FCL moves forward with ITOCHU, their commitment to delivering effective solutions for combating lithium battery-related fires is clearer than ever, promising a safer future in battery technology.

For further updates, insights, and product information, visit Full Circle Lithium's website.