First Tellurium Engages Independent Trading Group as its Market-Maker; OTC Symbol Change

Rhea-AI Summary

First Tellurium Corp. has engaged Independent Trading Group to enhance market-making services on the Canadian Securities Exchange. This initiative aims to improve share liquidity and provide market insights. ITG will receive $5,000 monthly and has no ownership interest in the company. Additionally, a voluntary symbol change to 'FSTTF' became effective on July 15, 2022. The company continues to focus on its Deer Horn Project and Klondike property, advocating for sustainable mineral exploration in collaboration with Indigenous communities.

Positive

• Engagement of ITG as market maker to boost share liquidity.
• Voluntary change to the OTC symbol 'FSTTF' could improve visibility.

Negative

• None.

Vancouver, BC, Canada, July 18, 2022 (GLOBE NEWSWIRE) -- First Tellurium Corp. (CSE: FTEL) (the “Company” or “First Tellurium”) has retained Independent Trading Group (“ITG”) to provide market-making services. ITG will trade shares of the Company on the Canadian Securities Exchange to maintain an orderly market, improve liquidity in the trading of the Company’s shares and provide the Company with market intelligence.

Under the terms of the Agreement, ITG will receive $5,000 per month and will be engaged on a month-to-month basis. The Company and ITG are unrelated entities. ITG has no present, direct or indirect interest in the Company or its securities. There are no performance factors in the agreement, and ITG will not receive either shares or options as compensation. ITG is a member of the Investment Industry Regulatory Organization of Canada (“IIROC”) and can therefore access all Canadian stock exchanges and alternative trading systems.

OTC Symbol Change

The Company also announces that a voluntary symbol change has been approved and processed by FINRA. Effective July 15, 2022, the Company’s shares will trade under the symbol “FSTTF”.

About First Tellurium Corp.
First Tellurium’s unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration.

Our polymetallic (tellurium, gold, silver copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.

First Tellurium proudly adheres to and supports the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent.

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

Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.

Forward-looking information
All statements included in this press release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. These forward-looking statements involve numerous assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substantial known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event.

FAQ

What is the purpose of First Tellurium Corp's engagement with Independent Trading Group?

First Tellurium Corp has engaged Independent Trading Group to provide market-making services, aiming to improve liquidity and maintain an orderly market for its shares.

What is the new OTC symbol for First Tellurium Corp?

The new OTC symbol for First Tellurium Corp is 'FSTTF', effective July 15, 2022.

How much will ITG be compensated for their services?

Independent Trading Group will receive $5,000 per month for their market-making services.

Is ITG related to First Tellurium Corp?

No, Independent Trading Group is an unrelated entity with no direct or indirect interest in First Tellurium Corp.