Lithium stocks are on a trajectory for more growth and one manufacturer and recycler has a unique hold on the business.
Full Circle Lithium Corp. (TSXV:FCLI) has recently achieved a significant milestone with the successful completion of its modular demonstration lithium extraction and processing plant. Utilizing its proprietary direct lithium extraction (DLE) technology, the plant has effectively recycled lost lithium from its client’s effluent stream. This achievement marks a major breakthrough in the extraction and processing of lithium, a vital component for electric vehicle (EV) batteries.
Success in lithium extraction
Located in the U.S. state of Georgia, Full Circle Lithium’s plant has surpassed expectations by producing a high-quality lithium product that fulfills all rigorous specifications for purchase by its client, a global specialty chemical company. By recovering lithium from the effluent stream, the company has not only provided an innovative solution for its client’s lithium supply needs but has also contributed to sustainable and environmentally responsible practices.
“This is a major de-risking milestone for our new company as we have demonstrated that our robust lithium extraction and processing technology works at scale in a real-life deployed setting,” the company’s CEO, director, and founder, Carlos Vicens, said in a news release. “Making qualified lithium product for our first client gets us closer to near-term deployment of a commercial-scale plant and revenue generation, which we believe will be a first for a North American lithium technology start-up. This achievement also opens the door to several other potential clients as they assess our technology and ability to execute at a commercial scale.”
Transition to commercial-scale plant
With the completion of the modular demonstration plant, Full Circle Lithium is now focusing on upgrading the facility into a commercial-scale plant at its headquarters in Georgia. This transition is a crucial step towards full-scale commercial production and wider adoption of the company’s DLE technology.
Growing demand for electric vehicle batteries
The importance of lithium in the booming EV market cannot be overstated. According to the International Energy Agency, the demand for EV batteries surged to an impressive 550 gigawatt hours in 2022, representing a substantial 65 percent increase from the previous year.
This growth underscores the urgent need for a sustainable and efficient lithium extraction and processing solution.
Investment corner
Full Circle Lithium offers an enticing investment opportunity within the rapidly expanding lithium market. The successful completion of the modular demonstration plant and its ability to produce a lithium product that meets all client specifications highlights the company’s commitment to excellence and technological innovation.
The upcoming upgrade of the plant into a commercial-scale facility positions Full Circle Lithium to capitalize on the soaring demand for lithium. As the global shift towards electric vehicles gains momentum, the requirement for sustainable lithium extraction methods becomes increasingly vital. With its proprietary DLE technology, this company is poised to play a significant role in meeting this demand.
Investors interested in Full Circle Lithium Corp. should closely watch the company’s progress as it moves toward commercial production. As the lithium market continues to grow, this team’s expertise in efficient lithium extraction and processing positions it to become a leading player in the industry.
Worth your further due diligence
Full Circle Lithium Corp.’s recent achievement in successfully completing its modular demonstration lithium extraction and processing plant marks a significant breakthrough in the industry. By meeting all client specifications and recycling lost lithium, the company has demonstrated its ability to contribute to a sustainable and environmentally conscious lithium supply chain.
With the increasing demand for electric vehicle batteries, Full Circle Lithium’s proprietary DLE technology holds immense potential. The upgrade of the plant to a commercial-scale facility positions the company for future success. Investors interested in the booming lithium market should consider Full Circle Lithium Corp. as a compelling investment opportunity.
Full Circle Lithium Corp. last traded at $0.48 per share.
To keep up with the latest from the company, visit fullcirclelithium.com.
Join the discussion: Find out what everybody’s saying about this stock on the Full Circle Lithium Corp. Bullboard, and check out the rest of Stockhouse’s stock forums and message boards.
This is sponsored content issued on behalf of Full Circle Lithium Corp., please see full disclaimer here.