GODYD - First Tellurium Provides Additional Details on Technology Development Agreement with RESOLVE Inc.

(TheNewswire)

PyroDelta Inc. holds 85% of new joint venture to bringcutting-edge thermoelectric generator to market.

Vancouver, BC, Canada, June 5,2024 – TheNewswire – First Tellurium Corp. (CSE: FTEL , OTC: FSTTF ),has provided additional ownership details on the recentlyannounced joint venture between RESOLVE Inc. and First Tellurium subsidiary PyroDelta Inc. to bring a revolutionarynew thermoelectric generator to market.

Under the agreement, PyroDelta will hold 85%interest in Tellurium Electric with RESOLVE owning 15%. As reported on May30 , RESOLVE will provide governance,administrative, and fundraising support, including acquisition ofcritical metals such as tellurium, antimony and bismuth, tomanufacture the device.

The generator, which is lighter, more compact and ableto withstand temperature extremes far higher than conventionalthermoelectric devices, is under development in the U.S. byPyroDelta.

“We have seen strong interest in the device since wefirst announced it early this year,” said First Tellurium Presidentand CEO Tyrone Docherty. “The applications for it are broad, and wekeep uncovering new ones.”

A demonstration of the device and further explanationfrom the inventor Michael Abdelmaseh, Director of Engineering forPyrodelta, can be viewed here . PyroDelta is targetinga range of markets for the device, including combustion and electricvehicles, solar power, greenhouses and long-range drones.

“This agreement with Resolve is very advantageous forour shareholders,” added Docherty. “We have put productdevelopment, marketing and sales of the device in what we believe arethe best hands possible, allowing us to focus on developing ourmineral projects in BritishColumbia and Colorado , both of whichcontain high-grade tellurium as well as precious metals. Our Deer Hornproperty in BC also hosts a copper porphyry and contains tungsten,bismuth, zinc and other metals.”

About First Tellurium Corp.

First Tellurium’s unique business model is togenerate revenue and value through mineral discovery, projectdevelopment, project generation, tellurium-based technologies andcooperative access to untapped mineral regions in Indigenous territorywith sustainable exploration.

Our Klondike tellurium-gold property in Colorado andpolymetallic Deer Horn Project in British Columbia anchor adiversified search for metals, working in alliance with Indigenouspeoples, NGOs, governments and leading metals buyers. This is thefuture of mineral exploration—generating revenue by exploringresponsibly and leveraging diverse partnerships.

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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