First Tellurium Corp Stock Price, News & Analysis

First Tellurium Corp. announces a new initiative by the US Department of Energy aimed at enhancing North American tellurium supplies. The $20 million Cadmium Telluride Accelerator Consortium focuses on making cadmium telluride (CdTe) solar cells more efficient and affordable, aligning with President Biden's goal for a net-zero economy by 2050. First Tellurium's Deer Horn Project is positioned to meet the rising demand for tellurium, which is vital for solar energy and battery tech. The CdTe solar cell market is projected to exceed $10 billion by 2027, with First Solar Inc. consuming approximately 30% of global tellurium production.

First Tellurium Corp. announces funding from Fenix Advanced Materials for the University of British Columbia Okanagan to develop solid-state lithium-tellurium batteries. This advancement aims to enhance battery performance for electric vehicles. With the Biden Administration's recent $2.91 billion commitment to boost advanced battery production, the development aligns with the growing demand for such technologies. First Tellurium's Deer Horn Project is the only North American site focused on tellurium, boasting an NI 43-101 compliant resource. The company continues to forge significant partnerships to support its innovative projects.

First Tellurium Corp. (OTC: FSTTF) is progressing its exploration efforts at the Deer Horn Project in British Columbia, investigating potential copper porphyry systems. Led by Dr. Lee Groat from the University of British Columbia, the program targets three copper showings, suggesting a hidden porphyry system. The findings from the latest PEA indicate significant exploration potential. CEO Tyrone Docherty expressed optimism about the project, emphasizing its expansive area and the potential for new discoveries. The Company will also present at the NAI 500 Resource Conference on September 24, 2022.

First Tellurium Corp. (OTC: FSTTF) announced the engagement of Canadian Remote Drilling Services for exploration drilling at its Klondike and Deer Horn projects. The immediate focus is on the Deer Horn Project, while drilling at Klondike is expected to follow shortly. CEO Tyrone Docherty highlighted the expertise of CRDS, which has a strong reputation in the industry. The drilling campaigns aim to assess known resources and potential new finds, particularly critical metals needed for green energy applications. The company anticipates an active exploration pipeline over the next 12-18 months.

First Tellurium Corp. (OTC: FSTTF) is mobilizing a work crew to explore potential copper porphyry systems at its Deer Horn Project in British Columbia. Led by Dr. Lee Groat from UBC, the exploration follows significant copper showings discovered in 2012, indicating the presence of a previously hidden copper porphyry system. The region, recognized for its copper potential, is expected to yield valuable resources critical for battery technology. The company has also granted 100,000 stock options at $0.19 each, furthering its commitment to mineral discovery.

First Tellurium Corp. (CSE: FTEL) has announced plans to commence work on its Deer Horn Project in British Columbia starting September, focusing on copper porphyry exploration. CEO Tyrone Docherty highlighted the potential of copper alongside the company's tellurium resource. The Deer Horn property has shown copper samples with results as high as 4240 ppm Cu. Concurrently, First Tellurium will explore its Klondike Project in Colorado, where previous surface sampling indicated tellurium grades up to 3.3%. The company aims to leverage the growing demand for green metals.

First Tellurium Corp. has signed a corporate consulting agreement with Dutchess Group LLC for corporate communications services, including public material dissemination and social media management. The engagement will span an initial three-month term at a rate of $15,000 per month, with a review for continuation thereafter. The company emphasizes its focus on responsible mineral exploration and collaboration with Indigenous peoples, aiming to develop its polymetallic assets like the Deer Horn Project in British Columbia and Klondike property in Colorado, while adhering to the United Nations Declaration on the Rights of Indigenous Peoples.

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.