(TheNewswire)
Device has Demonstrated PotentiallySignificant Improvements in Heat-to-Energy Conversion and will UndergoFurther Testing in Canada.
Vancouver, BC, Canada - TheNewswire - October 19, 2023 - First Tellurium Corp. (CSE: FTEL ) ( OTC: FSTTF ), reportscompletion of the first prototype of an improved, tellurium-basedthermoelectric generator with applications for improving theefficiency of electric vehicles, solar power generation and combustionengines. The prototype, developed in the U.S. by First Tellurium’s51%-owned thermoelectric-focused research and development company(1406975 BC Ltd.), is being delivered to Vancouver and will undergofurther testing in Canada.
“Completion of this prototype marks the next step ofmany towards what we believe will be innovative and valuablethermoelectric applications for tellurium,” said First TelluriumPresident and CEO Tyrone Docherty. “The generator, in its initialtesting and development, has demonstrated potentially significantimprovements in the conversion of heat to energy. We look forward toadvancing the technology through further testing andresearch.”
As reported April 12,2023 , First Tellurium holds a controlling interest in 1406975 BC Ltd.(“NewCo”), a thermoelectric technology-focused research,development and commercialization business. NewCo aims to explore newuses of tellurium and develop improved thermoelectric generators thatcould be used in the renewable energy and automotive industries. NewCoallows First Tellurium to focus on opportunities aligned with theCompany’s long-term strategy to accelerate vertical,innovation-driven growth and will position NewCo to take on researchand development projects to unlock potential future value.
“Tellurium’s advantages for heat-to-energyconversion have long been recognized and understood,” said Docherty.“With the pressing need to increase the efficiency of alternativeenergy sources and both electric and combustion vehicles, we are in astrategic position to advance tellurium’s thermoelectricapplications and contribute to the worldwide shift away from fossilfuels.”
In a paper published in thescientific journal NatureCommunications , the authors noted:“Thermoelectric devices, which enable a direct conversion betweenheat and electricity, …have attracted increasing interest as asustainable and emission free solution to the imminent global energycrisis and environment pollution…”
“We look forward to reporting further progress in thedevelopment of the device,” said Docherty.
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 .
On behalf of the board of directors of First Tellurium Corp. “Tyrone Docherty” Tyrone Docherty President and CEO | For further information please contact: Tyrone Docherty 604.789.5653 tyrone@firsttellurium.com |
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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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