Full Circle Lithium Announces Extension of Current Private Placement

TORONTO, ON / ACCESS Newswire / August 5, 2026 / Full Circle Lithium Corp. ("FCL" or the "Company") (TSXV:FCLI)(OTCQB:FCLIF)(FSE:K0Q), a leading U.S.-based manufacturer of lithium-ion battery fire extinguishing products, announces that, further to its news releases of July 15, 2026 and June 19, 2026, it has received an extension from the TSX Venture Exchange (the "TSXV") with respect to the final acceptance date of its previously announced private placement offering (the "Offering") of units (the "Units").

The outside date for the final closing and filing acceptance of all final documentation required by the TSXV in respect of the Offering has been extended from August 3, 2026 to August 14, 2026 (the "Extension Date").

The terms of the Offering and the Units shall otherwise remain the same, and the Offering remains subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the final approval of the TSXV on or before the Extension Date. For more details regarding the Offering and the Units, see the Company's news releases of July 15, 2026 and June 19, 2026.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful.

Security Based Compensation Plans

The Company also wishes to provide additional disclosure regarding its amended incentive stock option plan (the "Option Plan") and the new restricted share unit plan (the "RSU Plan") approved by shareholders on May 19, 2026, as announced on May 26, 2026. The Option Plan and RSU Plan together comprise a fixed security based compensation plan, under which a combined total of 19,761,037 common shares may be reserved for issuance (representing 20% of the issued and outstanding common shares at the time of adoption). For more information, please see the information circular of the Company dated April 2, 2026 available on the Company's SEDAR+ profile.

About Full Circle Lithium Corp.

FCL is a U.S.-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, FCL is committed to delivering safe, effective, and environmentally responsible fire mitigation technologies.

For more information:
Carlos Vicens - CEO & Director
Email: ir@fcl-x.com
Phone: +1.416.977.3832

Cautionary Statement

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking statements within the meaning of securities legislation in Canada, and which are based on the expectations, estimates, and projections of management of the parties as of the date of this news release, unless otherwise stated. Forward-looking statements are generally identifiable by use of the words "expect", "anticipate", "continue", "estimate", "objective", "ongoing", "may", "will", "project", "should", "could", "believe", "plans", "intends" or the negative of these words or other variations on these words or comparable terminology. More particularly, and without limitation, this news release contains forward-looking statements and information concerning expectations on the effectiveness of the marketing and sales of FCL-X™ through distribution agreements, the viability, effectiveness, safety and additional commercialization related to FCL-X™ which is at an early stage of commercialization (which is very difficult for a start-up venture like FCL as there are much larger and better capitalized established companies that can potentially quickly enter the lithium-ion battery fire-fighting market and create strong competition against FCL), on receiving patent protection for FCL-X™ and related inventions and processes, the ability of FCL, a start-up venture, to successfully commercialize its FCL-X™ including ramping-up production of the agent to meet potential demand, continue raising capital, upgrading and refurbishing its plant, and sourcing feedstock for this and its other lines of business. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, the uncertainties and risk factors related to the loss of key technical and other staff, the battery fire-extinguishing agent functioning as expected to meet safety requirements and fire-fighting related government regulations and potential client product specifications, and applicable environmental requirements and issues - see additional risks described in FCL's public filings. Actual results, developments and timetables could vary significantly from the estimates presented. Readers are cautioned not to put undue reliance on forward-looking statements. FCL disclaims any intent or obligation to update publicly such forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law. Additionally, FCL undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of FCL, its financial or operating results or its securities.

SOURCE: Full Circle Lithium Corp.

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