FTEL:CC - First Tellurium Announces Invitation from U.S. National Science Foundation to Consider Research Grant for Thermoelectric Device

(TheNewswire)

The request marks the first step in obtaininggrant-based funding from the prestigious institution that supportsscience and engineering in the U.S.

Vancouver, BC, Canada, July 10,2024 – TheNewswire – First Tellurium Corp. (CSE: FTEL , OTC: FSTTF ),reports that Michael Abdelmaseh, head of First Tellurium’ssubsidiary PyroDelta Inc and inventor of PyroDelta’s tellurium-basedthermoelectric generator, has been invited to submit a full Phase Ifunding proposal to the U.S. National ScienceFoundation’s (NSF) Small BusinessInnovation Research (SBIR)/ Small BusinessTechnology Transfer (STTR) program.This invitation follows the successful evaluation of an initialproject proposal in the NSF’s STTR Energy Technologies (EN)category.

“I want to emphasize that this potential grant wouldbe in addition to the funding of up to US$29 million by RESOLVE Inc,as announced in our June25 th newsrelease ,” said First TelluriumPresident and CEO Tyrone Docherty. “The NSF grant would be of greatvalue to us, not only for the dilution-free funding, but also becausethe NSF is highly respected in the U.S. for backing top-qualityinnovations. Their seal of approval would open other doors forcollaboration and partnerships.”

The U.S. National Science Foundation is an independentfederal agency that supports science and engineering in all 50 statesand U.S. territories. The agency fulfills its mission chiefly bymaking grants for projects that show merit.

“The National Science Foundation is a veryprestigious and selective institution,” said Abdelmaseh. “Thisopportunity represents the first and vital step in the process toobtain grant-based funding from them. I was surprised and very pleasedby how quickly they responded.”

The NSF SBIR/STTR program is known for its rigorousstandards and support of innovative research and development in smallbusinesses. The grant proposal aims to advance the thermoelectricmodule technology, which enhances existing solar systems, particularlywhere space is limited. The device also offers the potential for manyexciting applications in a broad spectrum of sectors.

PyroDelta has recently published a video that explains how thethermoelectric device works with solar power installations.

“This is the first in a series of videos aboutvarious applications for the device,” said Docherty. “Weanticipate publishing additional versions for the auto, agricultureand drone industries, as well as others.”

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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