15:27:08 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



First Tellurium Corp
Symbol FTEL
Shares Issued 72,650,931
Close 2024-01-16 C$ 0.10
Market Cap C$ 7,265,093
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First Tellurium notes Australian critical mineral list

2024-01-16 14:34 ET - News Release

Mr. Tyrone Docherty reports

AUSTRALIA JOINS FIVE OTHER COUNTRIES IN ADDING TELLURIUM TO ITS CRITICAL METALS LIST

First Tellurium Corp. has noted that the Australian Department of Industry, Science and Resources has added tellurium to its critical mineral list. The department notes that tellurium has become one of 30 minerals considered essential to Australia's modern technologies, economies and/or national security and that are vulnerable to supply chain disruption.

Australia joins the United States, Canada, the United Kingdom, India and South Korea in designating tellurium as a critical mineral.

"As world tensions and supply chain issues ratchet up, critical minerals like tellurium are becoming more important to technology and national security," said First Tellurium president and chief executive officer Tyrone Docherty. "This is why both the U.S. and Canada are establishing significant funding for critical mineral exploration and production."

Mr. Docherty noted that First Tellurium's Deer Horn property in British Columbia holds more critical minerals than tellurium.

"Deer Horn was staked originally for its tungsten, which is considered a critical mineral in Canada, the U.S. and a number of other countries," said Mr. Docherty. "In addition to tungsten, Deer Horn contains showings of the critical minerals bismuth and molybdenum as well as copper, gold and silver."

First Tellurium invited to Energy Transition Metals Summit

As a result of First Tellurium's leading position in tellurium exploration, the company was invited to and will participate in the Energy Transition Metals Summit in Washington, D.C., in late April. The summit is described as the premier independent investment conference focused on explorers, developers and emerging producers of copper, uranium, lithium, cobalt and critical metals dedicated to the global energy transition.

"We're pleased to have been invited and we look forward to participating in this event," said Mr. Docherty. "It's symbolic of how crucial the supply of critical metals is to national industry and security."

About First Tellurium Corp.

First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and co-operative access to untapped mineral regions in indigenous territory with sustainable exploration.

The company's Klondike tellurium-gold property in Colorado and polymetallic Deer Horn project in British Columbia anchor a diversified search for metals, working in alliance with indigenous peoples, NGOs (non-governmental organizations), governments and leading metals buyers. This is the future of mineral exploration -- generating revenue by exploring responsibly and leveraging diverse partnerships.

First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and, in particular, the fundamental proposition of free, prior and informed consent. First Tellurium is listed on the Canadian Securities Exchange under the symbol FTEL and on the OTC (over-the-counter) market under the symbol FSTTF.

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