FTEL:CC - First Tellurium Reports on Share Price and Recent Tellurium News from Australia

(TheNewswire)

Thermoelectric applications,batteries and solar panels are driving tellurium demand now and forthe next decade.

Vancouver, BC, Canada - TheNewswire - November 16, 2023 - First Tellurium Corp. (CSE:FTEL ) ( OTC:FSTTF) , reports that, further to recentdownward pressure on the Company’s stock price, there is no knownnegative news, other than general market sentiment, affecting theshare price.

“Our situation has not changed,” said FirstTellurium President and CEO Tyrone Docherty. “We are awaiting asignificant amount of information from the Deer Horn property, whichwe believe will be positive, including interpretation of both therecent IP survey and property-wide sampling conducted over the summerand fall.”

Docherty added, “The general news and trends aroundtellurium, and critical metals in general, remains bullish for boththe near and long term.”

Docherty pointed to a November 14, 2023 article from Market Open Australia , titled“Tellurium Comes First,” which highlighted First Tellurium anddescribed the Company as “…the lone explorer with a telluriumfocus.” A key theme was the metal’s overall scarcity and growingdemand, particularly for solar panels, new lithium-telluriumbatteries, and thermoelectric technology.

The article quoted the U.S. Department of Energy’srecent 2023 Critical MineralsAssessment regarding tellurium supplyand demand: “Without significant expansion of the tellurium supplycapacity,” the DOE stated, “shortages of Te could occur in theshort term (2025) and are likely in the medium term(2025-2035).”

The article also stated: “Tellurium, one of therarest metals on earth, is facing a shortage that could soon becomescarce. The refrigeration industry is in a buying frenzy, causing astrain on supplies of tellurium needed for thermo-electrics.”

“We are well aware of the advancements in, andpotential for, thermoelectric applications,” said Docherty.“It’s why we purchased controlling interest in a U.S. based,thermoelectric-focused research and development company, which we announced in May of thisyear.

Faith in long-term demand for tellurium was reinforcedby Market OpenAustralia , noting Rio Tinto’s decision to opena tellurium plant at its Kennecott Mine in Utah. The facility willsupply tellurium to First Solar for the manufacture of thin-film,cadmium-telluride solar panels.

“Tellurium is considered a critical metal in bothCanada and the United States,” said Docherty. “Being the onlyjunior focused on tellurium exploration, it comes as no surprise to usthat we have a number of tellurium users in contact with us.”

First Tellurium’s 2023 exploration season at DeerHorn, now complete, was assisted by Imperial Metals at their nearbyHuckleberry Mine. “We’re most grateful for the support andcooperation we received from everyone at Imperial,” said Docherty.“They were fantastic to work with, and we couldn’t have completedsome of our work without them.”

About First Tellurium Corp.

First Tellurium’s unique business model is togenerate revenue and value through mineral discovery, projectdevelopment, project generation and cooperative access to untappedmineral regions in Indigenous territory with sustainableexploration.

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.

Copyright (c) 2023 TheNewswire - All rights reserved.