Full Circle Lithium (FCLI.V) on Friday said it is seeking C$5 million from a non-brokered private placement of share units.
The company will place up to 12.5-million units priced at $0.40 per unit and made up of a share and one half of an 18-month warrant to buy a share for C$0.70
The company said proceeds from the offering will be used to support commercial growth initiatives, including expanding production capacity, increasing inventory, strengthening its supply chain, supporting new retail and distribution partnerships, and advancing the commercialization of proprietary technologies.
The offering is expected to close on or about June 30, 2026.