Mountaineering headlamp?

That Fenix uses Panasonic NCR18650F cell under the wrap. I suggest a look at the datasheet discharge curves at different temperatures:

What you can see is:

  • that Panasonic rates it to –20C. Fenix lies about –40.
  • at –20C the cell has very high internal resistance. Turning on a fully charged cell with dicharge current of 2.6A (which is quite a lot) drops the cell voltage below 3V. This would already trigger over-discharge protection of many flashlights. Does Fenix add a protection circuit? It may trigger as well. Then internal resistance warms up the cell and voltage recovers and the cell delivers 1800 mAh before dropping below 3V again. But:
    • 2.6A is a lot, a lower mode would work better
    • that’s with a fully charged cell, half-discharged will be unusable at –20C unless warmed up
    • that’s with a new cell, a worn one would probably work worse

I would still recommend a light with remote cell placed under clothes.