GODYD - First Tellurium Announces Increase to Private Placement

(TheNewswire)

Offering will increase by up to 3,000,000 Units

Vancouver, BC, Canada – TheNewswire - July 17, 2024 –First Tellurium Corp. (CSE: FTEL , OTC: FSTTF ) reports thatit has increased the amount of its recently-announced non-brokeredprivate placement (see news release dated July 11, 2024) to up to13,000,000 units (the “Units”) at a price of $0.11 for grossproceeds of up to $1,430,000.  Each Unit will consist of one commonshare and one-half of one warrant (each whole warrant a“Warrant”), exercisable for a period of two years at $0.15 perWarrant.

Concurrent with the sale of Units, the Company willalso raise up to $1,400,000 through the sale of up to 10,000,000flow-through common shares at a price of $0.14 per flow-throughshare.

The Company may pay a finder’s fee consisting ofcash, shares and/or warrants to eligible finders as permitted underapplicable securities laws and CSE policies.  Proceeds arising fromthe sale of Flow-Through shares will be utilized for explorationexpenditures on its Deerhorn Property.  Proceeds arising from thesale of Units will be utilized for exploration on the ColoradoKlondike Property and for unallocated working capital.

About First Tellurium Corp.

First Tellurium’s unique business model is togenerate revenue and value through mineral discovery, projectdevelopment, project generation and development of tellurium-basedtechnologies.

First Tellurium proudly adheres to, and supports, theprinciples and rights set out in the United Nations Declaration on theRights of Indigenous Peoples and in particular the fundamentalproposition of free, prior and informed consent. First Tellurium islisted on the Canadian Stock Exchange under the symbol “FTEL” andon the OTC under the symbol “FSTTF”. Further information aboutFTEL and its projects can be found on www.firsttellurium.com .

Neither theCanadian Securities Exchange nor its regulations services acceptresponsibility for the adequacy or accuracy of this release.

Forward-lookinginformation

All statements included in thispress release that address activities, events or developments that theCompany expects, believes or anticipates will or may occur in thefuture are forward-looking statements.  These forward-lookingstatements involve numerous assumptions made by the Company based onits experience, perception of historical trends, current conditions,expected future developments and other factors it believes areappropriate in the circumstances. In addition, these statementsinvolve substantial known and unknown risks and uncertainties thatcontribute to the possibility that the predictions, forecasts,projections and other forward-looking statements will proveinaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-lookingstatements.  Except as required by law, the Company does not intendto revise or update these forward-looking statements after the datehereof or revise them to reflect the occurrence of futureunanticipated event.

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