FTEL:CC - Toyota the Latest Auto Giant to Announce Solid-State EV Batteries

(TheNewswire)

First Tellurium partner Fenixcontinues to advance their lithium-tellurium solid-state battery withthe University of British Columbia

Vancouver, BC, Canada – TheNewswire - Dec 13, 2023 –First Tellurium Corp. (CSE: FTEL ) ( OTC: FSTTF ), reports thatrecent announcements about development of solid-state batteries (SSBs)for electric vehicles, most recently from Toyota butalso from Stellantis , Hyundai and Volkswagen ,highlight how SSBs are ushering in the next major advancement in EVtechnology. SSBs promise far greater efficiency and range (reportedlyover 900 miles/1448 kms), shorter charge times and lighter weight.Concurrently, First Tellurium’s strategic partner Fenix AdvancedMaterials of Trail, British Columbia, a world leader in themanufacture of ultra-high purity metals, continues to advance itslithium-tellurium (LiTe) SSB developed in partnership with UBCOkanagan (as reported March 2022 and Sep 2022 ).The Fenix SSB will have far higher charging capacity, much smallersize, a battery life up to 400% that of lithium-ion batteries with nochance of catching fire.

The number of lithium-ion battery-based fires isgrowing with enormous frequency worldwide. In Toronto, the number oflithium-ion battery fires has nearly doubled in 2023, according to Toronto Fire Services. Typically, anEV fire burns at roughly 5,000 degrees Fahrenheit (2,760 Celsius),while a gasoline-powered vehicle on fire burns at 1,500 F (815 C). Ittakes about 2,000 gallons of water to extinguish a burninggasoline-powered vehicle; putting out an EV fire can take 10 timesmore.

"Solid-state batteries are the Holy Grail for EVCompanies,” said Fenix CEO Don Freschi. “They’re far moreefficient. Far safer. This is why our focus (Fenix/UBCO) has been oncombining the most powerful anode and cathode materials like lithium,tellurium and sulfur, with a solid-state electrolyte."

“Toyota’s announcement underscores our belief thatsolid-state batteries represent the future of widescale EVdeployment,” added First Tellurium President and CEO TyroneDocherty. “The advancements in efficiency and safety aregame-changers, especially with respect to batteries catching fire.This is why we continue to support Fenix as they bring theirlithium-tellurium battery to market.”

Toyota says its breakthrough batteries will hit themarket in 2027 or 2028, giving its EVs 745 miles/1,200 kms) ofrange—greater than any gas-powered car today—with 10-minutecharging times. Toyota's longer-view plans include vehicles with a932-mile/1500 km range and charging times of less than 10 minutes. Incomparison, the best-selling EV today, the Tesla Model Y, has amaximum 330-mile range and 15-minute charging via TeslaSupercharger.

The Fenix/UBCO collaboration, part of The PacificInstitute for Climate Change (PICS) Opportunity ProjectsProgram , is helping researchers in UBCO’sAdvanced Materials for Energy Storage Lab design and develop thestate-of-the-art LiTe SSBs. UBCOs latest published research is part of a $2-million initiative that includes Mitacs . Theresearch investment strengthens Canada’s position in emergingsolid-state battery innovation and accelerates electric vehicle (EV)deployment and renewable energy opportunities, says Dr. Jian Liu, anAssistant Professor in the School of Engineering.

“Advancements in solid-state batteries are propellingthe EV industry forward,” explained Dr. Liu. “All-solid-state,lithium-tellurium batteries enable higher energy output with animproved safety rating inside a smaller form-factor, thereby expandingits possible applications.”

“We’re grateful to both Fenix and UBC for advancingthis research, especially in relation to properties of tellurium thatwe’re only beginning to understand,” said Docherty. “We lookforward to exciting news in 2024.”

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.

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