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• FCLI secured its first commercial sale of FCL-X to a U.S.-based waste-management operator, marking its entry into the landfill/recycling vertical.
• Lithium-ion battery fires at waste facilities are rapidly escalating, with 5,000+ fires reported annually at recycling facilities, due to smartphones, e-bikes, power tools, and many more devices.
• FCLI also announced its first sale into the U.S. educational system, driven by the rising use of lithium-ion batteries on school campuses, via laptops and tablets amongst other products.
This morning, Full Circle Lithium (FCLI:TSXV, FCLIF:OTCQB, K0Q:FSE) announced its first commercial sale of FCL-X to a U.S.-based waste management operator for on-site deployment, marking FCLI’s entry into what we believe to be one of the most compelling and under-addressed verticals for the product. Last week, FCLI reported the first sale into the U.S. educational system, another new market with high potential growth. We are maintaining our BUY rating and our $0.60/share target price on FCLI.
Waste management has emerged as one of the most acute environments for lithium-ion battery (LIB) fires. Lithium-ion batteries embedded within smartphones, e-bikes, vapes, power tools, and other consumer devices are increasingly entering the waste stream, often undetected. When crushed or punctured during collection or processing, these batteries can ignite or explode, triggering thermal runaway events that are extremely hazardous, difficult to control, and costly to manage. This happens across landfills, recycling facilities, and waste collection systems.
The scale of the problem is becoming increasingly significant. In Oregon, one landfill recorded 21 LIB fires in just three months. In Edmonton, LIB fires caused $2.5M in damage, with temperatures reaching 2,000°C and fires taking hours to extinguish. In Winnipeg, officials reported a surge in landfill fires linked to discarded batteries. In the U.S., industry estimates point to over 5,000 fires annually at recycling facilities and >2,400 fires at waste facilities annually in Canada and the U.S.
FCLI: First Sale into the Waste Management Industry
What you need to know:• FCLI secured its first commercial sale of FCL-X to a U.S.-based waste-management operator, marking its entry into the landfill/recycling vertical.
• Lithium-ion battery fires at waste facilities are rapidly escalating, with 5,000+ fires reported annually at recycling facilities, due to smartphones, e-bikes, power tools, and many more devices.
• FCLI also announced its first sale into the U.S. educational system, driven by the rising use of lithium-ion batteries on school campuses, via laptops and tablets amongst other products.
This morning, Full Circle Lithium (FCLI:TSXV, FCLIF:OTCQB, K0Q:FSE) announced its first commercial sale of FCL-X to a U.S.-based waste management operator for on-site deployment, marking FCLI’s entry into what we believe to be one of the most compelling and under-addressed verticals for the product. Last week, FCLI reported the first sale into the U.S. educational system, another new market with high potential growth. We are maintaining our BUY rating and our $0.60/share target price on FCLI.
Waste management has emerged as one of the most acute environments for lithium-ion battery (LIB) fires. Lithium-ion batteries embedded within smartphones, e-bikes, vapes, power tools, and other consumer devices are increasingly entering the waste stream, often undetected. When crushed or punctured during collection or processing, these batteries can ignite or explode, triggering thermal runaway events that are extremely hazardous, difficult to control, and costly to manage. This happens across landfills, recycling facilities, and waste collection systems.
The scale of the problem is becoming increasingly significant. In Oregon, one landfill recorded 21 LIB fires in just three months. In Edmonton, LIB fires caused $2.5M in damage, with temperatures reaching 2,000°C and fires taking hours to extinguish. In Winnipeg, officials reported a surge in landfill fires linked to discarded batteries. In the U.S., industry estimates point to over 5,000 fires annually at recycling facilities and >2,400 fires at waste facilities annually in Canada and the U.S.
Underlying
FULL CIRCLE LITHIUM CORP
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Atrium Research Corporation
Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists.
Nicholas Cortellucci, CFA
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