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How this company’s Georgia lithium plant will revolutionize the industry

Lithium-ion iron phosphate batteries are gaining traction in North America, and Full Circle Lithium is at the epicentre of the revolution.  
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Lithium-ion iron phosphate (LPF) batteries are quickly gaining traction as alternatives in the lithium battery space in the North America, and companies like Full Circle Lithium (TSXV:FCLI) are at the epicentre of the revolution.  

In line with this, the company’s initial focus on LFP batteries rather than other lithium-ion batteries (NMC/NCA/LCO/etc) gives it a competitive edge compared with its peers in the space. 

LFP batteries have a longer life-cycle than lithium-ion batteries, are lower cost and economically sustainable and more importantly are among the safest types of lithium-ion batteries. Moving forward, In line with this, LFP batteries are anticipated to reach a market growth of US$52.7 billion by 2030, up from just $12.5 billion in 2022 and representing a compound annual growth rate of 19.7 per cent. 

Headquartered out of Toronto, Ontario, Full Circle Lithium is a U.S.-based lithium products manufacturer and recycler backed by a highly experienced and proven technical team with a fully permitted lithium processing plant in Georgia. 

With the company’s ideal location in Georgia, it also notably ranks sixth in the United States for public EV charging stations by providing more than 1,500 individual outlets, which equals more outlets per capita than anywhere in the region. 

In an interview with The Market Herald Canada, Carlos Vicens, CEO of Full Circle Lithium, explained that the plant is fully refurbished and fully functioning, and was previously operational in the late 1990s and early 2000s.  He said the plant was deactivated in 2012 but that the company brought it back to life and now has a full-fleshed lithium carbonate processing plant. 

The company, which went public only in May, has been busy ramping up its efforts and has plenty to look forward to that should also be enticing to investors.  

Between its Georgia lithium carbonate plant, and its three-pronged feedstock sourcing, including midstream recycling, LFP battery recycling and the future lithium refinery combined with its experienced team, Full Circle Lithium just might be the full package.  

The Georgia lithium plant 

Although the plant was mothballed in the early 2010s, the company completed a proof of concept on battery recycling in 2019 and 2020 and is conducting an ongoing process optimization on different lithium-ion batteries. 

As it currently stands, Vicens said the plant has a capacity of 2,000 metric tonnes of lithium carbonate capacity, but said the existing infrastructure allows for the potential of 10,000 metric tonnes. 

He said that when it comes to lithium carbonate production in the U.S. specifically, there hasn’t been any new production capacity for the past 25 years, making Full Circle Lithium’s plant a new significant potential source of production.  

In order to ramp up its production, Vicens said the company is “trying to feed the plant with different kinds of feedstock.” He said the company is focused on short-, medium- and long-term sources of feedstock with midstream recycling being the most exciting short-term source of feedstock. He explained midstream recycling essentially recycles lithium from lithium bearing materials (often called waste) that come from either chemicals or industrial-bearing lithium streams. 

As such, Full Circle Lithium works with industrial or chemical companies that have lithium bearing streams and installs a proprietary lithium extraction process, extracts the lithium and then either sells it back to the client at their plant or sends it to its plant in Georgia to produce lithium carbonate and sell it to the market. As the company’s name says, it really is a Full Circle solution.  

Since 2019, the company has conducted a wide range of activities at the plant, including:  

Modified plant process flow sheet completed for quick restart Raised close to C$15M and went public in May 2023  Completely refurbished the plant  Implemented the LEP technology for its midstream recycling and future refinery business  Discussions with a number of companies with respect to midstream feedstock recycling business – built and installed first demo plant  Developed a potential game-changing fire suppressant solution for the lithium-ion battery industry  Continuing with its IP development on all business fronts  The business model  

Through its Georgia processing plant, the company’s primary focus is on recycling lithium and processing other high-purity battery materials. Its proprietary front-end lithium extraction process (LEP) and back-end processing technologies know-how enhance and unlock lithium recovery.  

All processes are modular and designed to be integrated into existing operations of engineering expertise focused on minimizing raw materials and waste (high recovery) with the lowest carbon intensity level possible.  

Already, the process has been demonstrated at pilot scale on numerous industrial lithium byproduct streams and is efficient, continuous and cost-competitive. The plant can take different lithium feedstock – whether it’s lithium chloride or sulfate – and produce battery grade LC. The LIB recycling is in advance stages of demonstration and focused on mitigating the three process safety risks: discharge of batteries, hydrogen/heat generation and fluoride process/recovery. 

“LFP batteries today are not a major category in North America, but they will be,” Vicens said, adding that in China two-thirds of its batteries are LFP-based but that in the U.S. it is much less. “LFP batteries will move into the 50 per cent range [in the U.S.] in time.”  

While this only includes the LFP EV battery segment – with large projects underway thanks to vehicle manufacturers such as Ford and Tesla – he explained this is expected to expand into other segments such as battery storage, among others. 

Similarly, LFP batteries are expected to become a more viable option to power a greater portion of vehicle models, including medium-sized vehicles. If the automotive industry wants to be mainstream, then LFP batteries will become mainstream. 

With lithium refineries in the United States and capacity limited, prices of lithium products have generally increased over the past two years and are harder to secure from USA producers, notably top producers such as Albemarle and Livent. 

As such, Full Circle Lithium, on the other hand, provides lithium extraction and lithium carbonate production expertise. The company’s experienced team has more than four decades of experience producing lithium precursors from brines, clays, hard-rock and petro-brines and saleable lithium chemicals. 

“In our lithium refinery business, we are working with miners and companies to efficiently treat raw material into lithium compounds that can be sold to the market,” Vicens said. He explained that because the company has a significant amount of knowledge on the processing side, Full Circle Lithium believes it can add significant value for these companies that have a need for a team like its own.  

“There is a need for new, nimble and adaptive lithium chemical processing companies that can meet the growing need for processing various feedstock and/or precursor raw lithium concentrates and supply the market with battery-grade lithium,” the company stated. 

Recent milestones 

Even though Full Circle Lithium is still a relatively newly listed company, that hasn’t stopped it from being busy since officially listing.

Case in point, its biggest milestones to date have included relaunching the Georgia plant and gearing it up to produce 2,000 metric tons of battery-grade lithium carbonate.  

Vicens explained to The Market Herald Canada this was one of the first major milestones the company wanted to achieve, and it also signed a mid-stream recycling contract with a large chemical company in June of this year. In addition to this, Vicens said the first demo plant is being operated and tested. 

“We are now working with the client to meet all the necessary specs that come out of the demo plant to produce the lithium compound that they need,” he said, adding that it should happen within the coming months. 

Vicens said this is a significant milestone for the company because it is a short-term revenue/cash-flow advantage that should happen by the end of 2023 or Q1 2024.   

Perhaps even more impressive is the fact the company has only been public since May, and has been in business for a little more than a year. The fact it is looking to add revenue and generate cash flow so soon will no doubt land Full Circle Lithium on the map of companies to watch for.  

In July 2023, the company announced a significant update to its portfolio in that Full Circle Lithium has now developed a proprietary agent for suppressing and extinguishing lithium-based fires (“FSS”).  

The company filed a U.S. patent application to project the technology and, given difficulties in containing these kinds of fires, there is a growing need for solutions in order to extinguish LIB fires.  

“[Full Circle Lithium believes it has] a game changer not only on the battery processing side, but in battery fire suppressant solutions,” Vicens said.  

Because fires starting from lithium-ion batteries have become more prevalent – from being not stored correctly, malfunctioning or otherwise – Vicens said once they catch fire it’s hard to put them out, but it’s even harder to keep the fire from starting again. 

“Our fire suppressant solution not only puts the fire out quickly with less water but also keeps the fire out,” he said.  

Future outlook  

With only four months left to go in 2023, Vicens said the company is in discussions with additional clients related to demo plant build outs and anticipates signing another deal over the next quarter or before year-end for another demo plant. 

Vicens said the company is also continuing to work with battery operators and industrial clients that have batteries to add batteries to its feedstock and process through its plant, adding that this is a long-term goal for Full Circle Lithium.  

The management team 

Carlos Vicens, CEO  

Carlos Vicens is CEO and has more than 25 years of global experience in capital markets, corporate development, strategy and investment banking, including mergers and acquisitions and corporate finance. 

Vicens previously worked as vice president on a well-known Canadian investment banking mining team and participated in more than $10 billion of merger and acquisition transactions and well over $5 billion in equity and debt issuances. Vicens also has more than 10 years of hands-on C-level experience in the lithium sector, including his previous CFO position. 

Thomas Currin, COO and co-founder 

Thomas Currin has 40 years of lithium chemical production and process engineering experience, including Dupont and Livent. In 2016, Currin’s engineering team received the Outstanding Partnership Regional Award from the Federal Laboratory Consortium for Technology Transfer. Mr. Currin has built six lithium plants over his career. 

Bill Bourcier, CTO and co-founder 

Bill Bourcier has worked and consulted with Lawrence Livermore National Laboratory (LLNL) for more than 35 years. Bourcier has more than 20 patents and 50 publications resulting including a licensed patent for a process using reverse osmosis to produce marketable silica from geothermal waters. In 2008 he left LLNL to co-found Simbol Mining, a company focused on extracting lithium from geothermal brines 

The investment opportunity  

If you’re looking for an undervalued stock with plenty of potential, and has the team that will follow through on its deliverables, Full Circle Lithium might be what you’re looking for.  

With a current market capitalization of $49 million and a share price of C$0.70, Full Circle Lithium has plenty of growth potential.  

The company’s focus on lithium gives it a completely different approach than most competitors. It is focused on lithium, and it has a team of lithium experts with decades of experience. The three-pronged feedstock approach (midstream recycling, battery recycling and lithium refining, as well as its new fire suppressant solution) and its focus on LFP batteries certainly gives it a competitive advantage, as well as its Georgia-based processing plant – giving the company much-needed boots on the ground in U.S. soil.  

As Full Circle Lithium gears up for a busy last few months of the year – and with its goal of becoming cash-positive by early 2024 – investors won’t want to miss out. 

Join the discussion: Find out what everybody’s saying about this stock on the Full Circle Lithium 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 please see full disclaimer here.

The post How this company’s Georgia lithium plant will revolutionize the industry appeared first on The Market Herald Canada.

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The next pandemic? It’s already here for Earth’s wildlife

Bird flu is decimating species already threatened by climate change and habitat loss.

I am a conservation biologist who studies emerging infectious diseases. When people ask me what I think the next pandemic will be I often say that we are in the midst of one – it’s just afflicting a great many species more than ours.

I am referring to the highly pathogenic strain of avian influenza H5N1 (HPAI H5N1), otherwise known as bird flu, which has killed millions of birds and unknown numbers of mammals, particularly during the past three years.

This is the strain that emerged in domestic geese in China in 1997 and quickly jumped to humans in south-east Asia with a mortality rate of around 40-50%. My research group encountered the virus when it killed a mammal, an endangered Owston’s palm civet, in a captive breeding programme in Cuc Phuong National Park Vietnam in 2005.

How these animals caught bird flu was never confirmed. Their diet is mainly earthworms, so they had not been infected by eating diseased poultry like many captive tigers in the region.

This discovery prompted us to collate all confirmed reports of fatal infection with bird flu to assess just how broad a threat to wildlife this virus might pose.

This is how a newly discovered virus in Chinese poultry came to threaten so much of the world’s biodiversity.

H5N1 originated on a Chinese poultry farm in 1997. ChameleonsEye/Shutterstock

The first signs

Until December 2005, most confirmed infections had been found in a few zoos and rescue centres in Thailand and Cambodia. Our analysis in 2006 showed that nearly half (48%) of all the different groups of birds (known to taxonomists as “orders”) contained a species in which a fatal infection of bird flu had been reported. These 13 orders comprised 84% of all bird species.

We reasoned 20 years ago that the strains of H5N1 circulating were probably highly pathogenic to all bird orders. We also showed that the list of confirmed infected species included those that were globally threatened and that important habitats, such as Vietnam’s Mekong delta, lay close to reported poultry outbreaks.

Mammals known to be susceptible to bird flu during the early 2000s included primates, rodents, pigs and rabbits. Large carnivores such as Bengal tigers and clouded leopards were reported to have been killed, as well as domestic cats.

Our 2006 paper showed the ease with which this virus crossed species barriers and suggested it might one day produce a pandemic-scale threat to global biodiversity.

Unfortunately, our warnings were correct.

A roving sickness

Two decades on, bird flu is killing species from the high Arctic to mainland Antarctica.

In the past couple of years, bird flu has spread rapidly across Europe and infiltrated North and South America, killing millions of poultry and a variety of bird and mammal species. A recent paper found that 26 countries have reported at least 48 mammal species that have died from the virus since 2020, when the latest increase in reported infections started.

Not even the ocean is safe. Since 2020, 13 species of aquatic mammal have succumbed, including American sea lions, porpoises and dolphins, often dying in their thousands in South America. A wide range of scavenging and predatory mammals that live on land are now also confirmed to be susceptible, including mountain lions, lynx, brown, black and polar bears.

The UK alone has lost over 75% of its great skuas and seen a 25% decline in northern gannets. Recent declines in sandwich terns (35%) and common terns (42%) were also largely driven by the virus.

Scientists haven’t managed to completely sequence the virus in all affected species. Research and continuous surveillance could tell us how adaptable it ultimately becomes, and whether it can jump to even more species. We know it can already infect humans – one or more genetic mutations may make it more infectious.

At the crossroads

Between January 1 2003 and December 21 2023, 882 cases of human infection with the H5N1 virus were reported from 23 countries, of which 461 (52%) were fatal.

Of these fatal cases, more than half were in Vietnam, China, Cambodia and Laos. Poultry-to-human infections were first recorded in Cambodia in December 2003. Intermittent cases were reported until 2014, followed by a gap until 2023, yielding 41 deaths from 64 cases. The subtype of H5N1 virus responsible has been detected in poultry in Cambodia since 2014. In the early 2000s, the H5N1 virus circulating had a high human mortality rate, so it is worrying that we are now starting to see people dying after contact with poultry again.

It’s not just H5 subtypes of bird flu that concern humans. The H10N1 virus was originally isolated from wild birds in South Korea, but has also been reported in samples from China and Mongolia.

Recent research found that these particular virus subtypes may be able to jump to humans after they were found to be pathogenic in laboratory mice and ferrets. The first person who was confirmed to be infected with H10N5 died in China on January 27 2024, but this patient was also suffering from seasonal flu (H3N2). They had been exposed to live poultry which also tested positive for H10N5.

Species already threatened with extinction are among those which have died due to bird flu in the past three years. The first deaths from the virus in mainland Antarctica have just been confirmed in skuas, highlighting a looming threat to penguin colonies whose eggs and chicks skuas prey on. Humboldt penguins have already been killed by the virus in Chile.

A colony of king penguins.
Remote penguin colonies are already threatened by climate change. AndreAnita/Shutterstock

How can we stem this tsunami of H5N1 and other avian influenzas? Completely overhaul poultry production on a global scale. Make farms self-sufficient in rearing eggs and chicks instead of exporting them internationally. The trend towards megafarms containing over a million birds must be stopped in its tracks.

To prevent the worst outcomes for this virus, we must revisit its primary source: the incubator of intensive poultry farms.

Diana Bell does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

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This is the biggest money mistake you’re making during travel

A retail expert talks of some common money mistakes travelers make on their trips.

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Travel is expensive. Despite the explosion of travel demand in the two years since the world opened up from the pandemic, survey after survey shows that financial reasons are the biggest factor keeping some from taking their desired trips.

Airfare, accommodation as well as food and entertainment during the trip have all outpaced inflation over the last four years.

Related: This is why we're still spending an insane amount of money on travel

But while there are multiple tricks and “travel hacks” for finding cheaper plane tickets and accommodation, the biggest financial mistake that leads to blown travel budgets is much smaller and more insidious.

A traveler watches a plane takeoff at an airport gate.

Jeshoots on Unsplash

This is what you should (and shouldn’t) spend your money on while abroad

“When it comes to traveling, it's hard to resist buying items so you can have a piece of that memory at home,” Kristen Gall, a retail expert who heads the financial planning section at points-back platform Rakuten, told Travel + Leisure in an interview. “However, it's important to remember that you don't need every souvenir that catches your eye.”

More Travel:

According to Gall, souvenirs not only have a tendency to add up in price but also weight which can in turn require one to pay for extra weight or even another suitcase at the airport — over the last two months, airlines like Delta  (DAL) , American Airlines  (AAL)  and JetBlue Airways  (JBLU)  have all followed each other in increasing baggage prices to in some cases as much as $60 for a first bag and $100 for a second one.

While such extras may not seem like a lot compared to the thousands one might have spent on the hotel and ticket, they all have what is sometimes known as a “coffee” or “takeout effect” in which small expenses can lead one to overspend by a large amount.

‘Save up for one special thing rather than a bunch of trinkets…’

“When traveling abroad, I recommend only purchasing items that you can't get back at home, or that are small enough to not impact your luggage weight,” Gall said. “If you’re set on bringing home a souvenir, save up for one special thing, rather than wasting your money on a bunch of trinkets you may not think twice about once you return home.”

Along with the immediate costs, there is also the risk of purchasing things that go to waste when returning home from an international vacation. Alcohol is subject to airlines’ liquid rules while certain types of foods, particularly meat and other animal products, can be confiscated by customs. 

While one incident of losing an expensive bottle of liquor or cheese brought back from a country like France will often make travelers forever careful, those who travel internationally less frequently will often be unaware of specific rules and be forced to part with something they spent money on at the airport.

“It's important to keep in mind that you're going to have to travel back with everything you purchased,” Gall continued. “[…] Be careful when buying food or wine, as it may not make it through customs. Foods like chocolate are typically fine, but items like meat and produce are likely prohibited to come back into the country.

Related: Veteran fund manager picks favorite stocks for 2024

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As the pandemic turns four, here’s what we need to do for a healthier future

On the fourth anniversary of the pandemic, a public health researcher offers four principles for a healthier future.

John Gomez/Shutterstock

Anniversaries are usually festive occasions, marked by celebration and joy. But there’ll be no popping of corks for this one.

March 11 2024 marks four years since the World Health Organization (WHO) declared COVID-19 a pandemic.

Although no longer officially a public health emergency of international concern, the pandemic is still with us, and the virus is still causing serious harm.

Here are three priorities – three Cs – for a healthier future.

Clear guidance

Over the past four years, one of the biggest challenges people faced when trying to follow COVID rules was understanding them.

From a behavioural science perspective, one of the major themes of the last four years has been whether guidance was clear enough or whether people were receiving too many different and confusing messages – something colleagues and I called “alert fatigue”.

With colleagues, I conducted an evidence review of communication during COVID and found that the lack of clarity, as well as a lack of trust in those setting rules, were key barriers to adherence to measures like social distancing.

In future, whether it’s another COVID wave, or another virus or public health emergency, clear communication by trustworthy messengers is going to be key.

Combat complacency

As Maria van Kerkove, COVID technical lead for WHO, puts it there is no acceptable level of death from COVID. COVID complacency is setting in as we have moved out of the emergency phase of the pandemic. But is still much work to be done.

First, we still need to understand this virus better. Four years is not a long time to understand the longer-term effects of COVID. For example, evidence on how the virus affects the brain and cognitive functioning is in its infancy.

The extent, severity and possible treatment of long COVID is another priority that must not be forgotten – not least because it is still causing a lot of long-term sickness and absence.

Culture change

During the pandemic’s first few years, there was a question over how many of our new habits, from elbow bumping (remember that?) to remote working, were here to stay.

Turns out old habits die hard – and in most cases that’s not a bad thing – after all handshaking and hugging can be good for our health.

But there is some pandemic behaviour we could have kept, under certain conditions. I’m pretty sure most people don’t wear masks when they have respiratory symptoms, even though some health authorities, such as the NHS, recommend it.

Masks could still be thought of like umbrellas: we keep one handy for when we need it, for example, when visiting vulnerable people, especially during times when there’s a spike in COVID.

If masks hadn’t been so politicised as a symbol of conformity and oppression so early in the pandemic, then we might arguably have seen people in more countries adopting the behaviour in parts of east Asia, where people continue to wear masks or face coverings when they are sick to avoid spreading it to others.

Although the pandemic led to the growth of remote or hybrid working, presenteeism – going to work when sick – is still a major issue.

Encouraging parents to send children to school when they are unwell is unlikely to help public health, or attendance for that matter. For instance, although one child might recover quickly from a given virus, other children who might catch it from them might be ill for days.

Similarly, a culture of presenteeism that pressures workers to come in when ill is likely to backfire later on, helping infectious disease spread in workplaces.

At the most fundamental level, we need to do more to create a culture of equality. Some groups, especially the most economically deprived, fared much worse than others during the pandemic. Health inequalities have widened as a result. With ongoing pandemic impacts, for example, long COVID rates, also disproportionately affecting those from disadvantaged groups, health inequalities are likely to persist without significant action to address them.

Vaccine inequity is still a problem globally. At a national level, in some wealthier countries like the UK, those from more deprived backgrounds are going to be less able to afford private vaccines.

We may be out of the emergency phase of COVID, but the pandemic is not yet over. As we reflect on the past four years, working to provide clearer public health communication, avoiding COVID complacency and reducing health inequalities are all things that can help prepare for any future waves or, indeed, pandemics.

Simon Nicholas Williams has received funding from Senedd Cymru, Public Health Wales and the Wales Covid Evidence Centre for research on COVID-19, and has consulted for the World Health Organization. However, this article reflects the views of the author only, in his academic capacity at Swansea University, and no funding or organizational bodies were involved in the writing or content of this article.

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