FTEL:CC - First Tellurium Provides Further Information about RESOLVE and its Role in Advancing New Thermoelectric Generator

(TheNewswire)

A leading NGO, RESOLVE works with governments andindustry leaders to resolve a wide range of social and environmentalissues.

Vancouver, BC, Canada – TheNewswire - June 25, 2024 –Further to recent news about its joint venture with Non-GovernmentalOrganization (NGO) RESOLVE, Inc .of Washington, DC, First Tellurium Corp. (CSE: FTEL , OTC: FSTTF ),has provided additional information about the organization to helpshareholders understand the significance of the agreement and whymanagement believes RESOLVE will provide value to the Company goingforward.

Under a Memorandum of Understanding (MOU) reported May 30 , 2024, RESOLVE will secure up to approximately US$29 million(CDN$39.5 million) in funding for manufacturing and marketing of thePyroDelta thermoelectric device. RESOLVE and PyroDelta Inc ., in which FirstTellurium currently holds a majority interest, have formed apartnership called Tellurium Electric to bring the thermoelectric device to market.

“Having received so many inquiries about RESOLVE andTellurium Electric since announcing the MOU,” said First TelluriumPresident and CEO Tyrone Docherty, “we felt further informationwould be welcomed by our shareholders and interestedinvestors.”

RESOLVE is a long-established and leading NGOrecognized for its work on a wide range of social and environmentalissues. Employing a team of mediators and facilitators, scientists,policy experts, strategists, and communicators, RESOLVE’s mission isto forge “…sustainable solutions to critical social, health, andenvironmental challenges by creating innovative partnerships wherethey are least likely and most needed.”

In addition to its new website , RESOLVE has produced aninformative thatprovides a good overview of the organization’s vision, purpose andobjectives.

Stephen D’Esposito,RESOLVE’s President and CEO, stated, “We are very excited to workwith PyroDelta and First Tellurium to realize the potential of thisdevice. It aligns with our vision of transforming ambitious ideas intoreal benefits for people, communities, and ecosystems, and ourcommitment to innovation that supports the energytransition.”

RESOLVE has partnered with many global industryleaders, including Rio Tinto, Newmont Mining andIntel. First Tellurium’s strategic partner Cheona Metals has workedwith RESOLVE on its Salmon Gold initiative to remine former placer mining sites in Alaska, the YukonTerritory, and British Columbia, then restore associated fish habitatutilizing sustainable techniques and leading restoration practices.Gold produced by the initiative goes into the supply chains of ofRESOLVE’s downstream partners, including Apple , Tiffany & Co and Mejuri .

“We really could not ask for a better partner toadvance the thermoelectric generator,” said Docherty. “Theirexpertise, and their extensive industry and governmental networks, areideally suited for this product and its growing list of potentialapplications.”

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 is listed on the Canadian Stock Exchange under thesymbol “FTEL” and on the OTC under the symbol “FSTTF”. Furtherinformation about FTEL and its projects can be found at 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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