First Tellurium Corp.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Company Data

Introduction

First Tellurium's unique business model is to generate revenue and value through mineral discovery, project development, project generation and co-operative access to untapped mineral regions in indigenous territory with sustainable exploration.

The Company's polymetallic (tellurium (Te), gold (Au), silver (Ag), copper (Cu) and tungsten (W)) 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 (non-governmental organizations), governments and leading metals buyers. This is the future of mineral exploration: generating revenue by exploring responsibly and leveraging diverse partnerships.

First Tellurium is committed to exploring for, and providing, essential and critical metals (Te, Au, Ag, Cu, and W).

• Fenix Advanced Materials partnership – potential future tellurium extraction and purification; developing new Li-Te batteries
• Klondike Property, Colorado – High grade Te project will undergo next phase of exploration
• Deer Horn Property, BC – high grades for Te, Au, Ag, with mineralization open in three directions. Also contains significant tungsten mineralization and copper porphyry indications

First Tellurium plans to conduct exploration drilling at the Deer Horn and Klondike projects in 2023. This work will follow up on new discoveries made in the 2022 season.

Investment Highlights

• Management with track record of project monetization
• First Tellurium’s leadership includes a board and advisory group with industry leaders in finance, mineral property development, geology, mineralogy, solar power, engineering, research and First Nations engagement/economic development.
• Advanced, district-scale project with high-grade gold, silver and tellurium
• The 51 square-kilometer Deer Horn project in north-central BC is the only known property in North America with an NI 43-101 resource for silver-gold-tellurium. Also contains porphyry-style copper and tungsten with lead and molybdenum.
• Completed positive preliminary economic assessment (PEA) with near-term production potential
• PEA indicates “robust” economics with a 1.6-year payback and 9-year open pit mine life. PEA IRR of at least 42% (using gold price of $1,300). Estimated $28.3M CapEx, after-tax NPV (5%) of $36.5M.
• Unique First Nations partnership opens up largely unexplored ground in Northern BC
• Tight share structure with significant management ownership

Projects in Hand

• Exceptional tellurium prospect held previously by First Solar Inc., one of the world’s largest solar panel producers
• Klondike was considered one of First Solar’s top tellurium prospects worldwide
• First Solar planned to use Klondike as a potential primary source of tellurium for the company’s cadmium-telluride (Cd-Te) solar panels
• When First Solar canceled their tellurium mining initiative, the property was purchased in 2013 by the geological team leading the Company’s property acquisitions
• First Solar performed geophysics, sampling, drill targeting, and permitting from 2009 to 2011, encountering exceptionally high grades for Te
• First Solar’s world Te acquisition program was abandoned before drilling identified Klondike targets
• FTEL acquired an option to purchase the property from First Solar’s former team, who are now managing the upcoming exploration program at Klondike
• FTEL expects to follow up on First Solar’s recommended drill program

Deer Horn Polymetallic Project, British Columbia

Property Highlights

• 5,133 ha (51.33 sq. km) located 36 km south of the prolific Huckleberry Cu-Mo mine
• One of few significant tellurium discoveries outside of Asia
• 2.4 km-long vein system comprised of high-grade Au-Ag-Te and broader zones of bulk-tonnage Au-Ag-Te mineralization
• Porphyry-style showings for both copper and tungsten
• Owned 50% with option to acquire up to a 75% interest in the property
• Updated positive Preliminary Economic Assessment (PEA) completed June 2018
• Phased development
• Indigenous support

“The Deer Horn Property merits infill and tightly-spaced step-out diamond drilling focused both on upgrading and expanding the existing resource.”

Key Applications for Tellurium – Present & Future

• High-efficiency cadmium telluride (Cd-Te) solar panels
• Next-generation lithium-ion-batteries
• Semiconductors
• Thermoelectric devices
• Phase-change memory chips
• Low-energy desalination

What's Next For First Tellurium?

1. Klondike Project – follow up on First Solar’s recommended drill program
2. Fenix Advanced Materials partnership: continue advancement of lithium-tellurium batteries
3. Investigate and acquire other Tellurium projects in North America
4. Deer Horn Project – further in-fill and step-out drilling to expand resources
5. Further investigation of Deer Horn’s copper porphyry and tungsten targets

Management

Management and Directors

Tyrone Docherty, President and Chief Executive Officer, Director

Former President & CEO of Quinto Mining Inc., where with limited resources in a difficult market Mr. Docherty raised more than $30 million and advanced a Quebec iron ore property to a viable project. Sold Quinto to Consolidated Thompson Iron Mines in June 2008 for a share value equal to $175M (starting from $4M). Consolidated Thompson eventually sold to Cliffs Resources for $4.9B. From 2012 to 2018, Mr. Docherty was Director and Chairman of Mason Graphite Inc. He has worked in the financial and minerals markets for over 30 years.Pam Saulnier, Chief Financial Officer and Secretary

Tony Fogarassy, M.Sc., LL.M., Chairman

Lawyer and geologist. Graduated as gold medalist in geological sciences from the University of British Columbia and in law from the London School of Economics. Extensive legal and technical expertise in minerals, oil & gas, coal and renewable energy projects and environmental and aboriginal/indigenous law in North America, Africa and Asia.

Matt Wayrynen, Director

CEO of Solar Flow Through Funds, one of Ontario’s leading solar developers. Also President of Berkley Renewables Inc., a solar energy development company. Former CEO of Bralorne Gold Mines Ltd. Extensive venture capital experience and has successfully raised hundreds of millions of dollars for public and private ventures in Canada, the USA and Mexico.

Allen Schwabe, Director

Mr. Schwabe has been a successful entrepreneur in the Lower Mainland region for nearly 40 years. He has also held President and Director positions for various mining companies for the last 25 years, playing key roles in fundraising and property acquisitions.

Advisory Board

Dr. Lee Groat, B.Sc., PhD, P.Geo.

Funsho Ojebuoboh, MBA, PhD

James Guilinger, MBA

John Keller, P.Geo.

George Klemmick, P.Geo.

Dr. Paul Spry, PhD

News Update

On January 31, 2024, First Tellurium Corp. has received a prototype of its tellurium-based thermoelectric generator, first announced in October, 2023. The generator, developed in the United States by First Tellurium's 51-per-cent-owned thermoelectric-focused research and development company (1406975 B.C. Ltd.), represents a transformative step in thermoelectric technology, energy efficiency and sustainability. Potential applications include the automotive, solar power and defence industries, amongst others.

The results will include assays and interpretation from the property-wide mapping and sampling program conducted during the summer, a program that encountered significant amounts of the porphyry indicator bornite and identified further copper-gold porphyry alteration. Dr. Groat's report will also include analysis of the induced polarization (IP) geophysical survey conducted in September and the limited drilling that was delayed until October. This program followed up on rock sampling, channel sampling and prospecting conducted in 2022, as well as the August mapping/sampling.

"I appreciate our shareholders' patience as we have all awaited the results," said First Tellurium president and chief executive officer Tyron Docherty. "We were hindered primarily by long delays at the assay lab, which was an issue beyond our control. I look forward to announcing results and other details next month."

On January 16, 2024, First Tellurium Corp. has noted that the Australian Department of Industry, Science and Resources has added tellurium to its critical mineral list. The department notes that tellurium has become one of 30 minerals considered essential to Australia's modern technologies, economies and/ or national security, and that are vulnerable to supply chain disruption.

Australia joins the U.S., Canada, the United Kingdom, India and South Korea in designating tellurium as a critical mineral.

"As world tensions and supply chain issues ratchet up, critical minerals like tellurium are becoming more important to technology and national security," said First Tellurium President and CEO Tyrone Docherty. "This is why both the U.S. and Canada are establishing significant funding for critical mineral exploration and production."

Docherty noted that First Tellurium's Deer Horn Property in British Columbia holds more critical minerals than tellurium.

On January 10, 2024, First Tellurium Corp. has appointed Frederick Jung, CPA, CFA, to the company's board of Directors. Mr. Jung provides First Tellurium with 17 years of international finance experience and leadership for small to large publicly-listed companies across multiple industries. He currently serves as the CFO for Solar Flow-Through Funds, a solar energy and investment company which operates over 70 solar power generation projects in Ontario, where he managed and helped raise over $150 million in equity and debt financing. Mr. Jung began his career with KPMG, one of the "Big Four" international accounting firms.

"We're very pleased to welcome Fred to the board," said First Tellurium President and CEO Tyrone Docherty. "His knowledge and experience within the solar sector will be essential as we move forward with our plans to provide tellurium for the solar industry, one of our key target markets along with next generation batteries and thermoelectric devices."

On December 22, 2023, First Tellurium Corp. has closed the second and final tranche of a non-brokered private placement previously announced on Oct. 3, 2023. The company has issued 1.25 million units for gross proceeds of $125,000. Together with the first tranche closing announced Oct. 30, 2023, for $391,800 (comprised of 1,690,000 flow-through shares at a price of $0.12 for proceeds of $202,800 and 1,890,000 units at $0.10 per unit for proceeds of $189,000), and the second tranche closing of announced December 22, 2023 for $33,500 (comprised of 335,000 units at $0.10 per unit for proceeds of $33,500), the Company has raised a total of $222,500 from the sale of 2,225,000 units and $202,800 from the sale 1,690,000 flow through shares.

All proceeds received in connection with the Offering will be utilized for exploration and other costs associated with the Company's Deer Horn and Colorado Klondike properties, as well as for general working capital purposes.

On December 20, 2023, First Tellurium Corp. is still awaiting assay results and interpretations from its 2023 exploration programs at the Deer Horn polymetallic property in west-central British Columbia. Exploration at the property concluded October 31, as specified per the 2023 permit. Technical Advisor and Qualified Person Dr. Lee Groat is overseeing all data, and a comprehensive review is expected sometime during Q1 of 2024.

"We're receiving regular inquiries about the assay results, and I greatly appreciate the interest from our shareholders," said First Tellurium President and CEO Tyrone Docherty. "As the Company's largest shareholder, I understand, and I'm as keen to get these results as anyone. We look forward to providing more information in 2024, including our Year-end Review."

On December 13, 2023, Recent announcements about development of solid-state batteries (SSBs) for electric vehicles, most recently from Toyota, but also from Stellantis, Hyundai and Volkswagen, highlight how SSBs are ushering in the next major advancement in EV technology. SSBs promise far greater efficiency and range (reportedly over 900 miles/1,448 kilometres), shorter charge times, and lighter weight. Concurrently, First Tellurium Corp.'s strategic partner Fenix Advanced Materials of Trail, B.C., a world leader in the manufacture of ultrahigh-purity metals, continues to advance its lithium-tellurium (LiTe) SSB developed in partnership with UBC Okanagan (as reported March, 2022, and September, 2022). The Fenix SSB will have far higher charging capacity, much smaller size and a battery life up to 400 per cent that of lithium-ion batteries with no chance of catching fire.

The number of lithium-ion battery-based fires is growing with enormous frequency worldwide. In Toronto, the number of lithium-ion battery fires has nearly doubled in 2023, according to Toronto Fire Services. Typically, an EV fire burns at roughly 5,000 F (2,760 C), while a gasoline-powered vehicle on fire burns at 1,500 F (815 C). It takes about 2,000 gallons of water to extinguish a burning gasoline-powered vehicle; putting out an EV fire can take 10 times more.

"Solid-state batteries are the holy grail for EV companies," said Fenix chief executive officer Don Freschi. "They're far more efficient. Far safer. This is why our focus (Fenix/UBCO) has been on combining the most powerful anode and cathode materials like lithium, tellurium and sulphur, with a solid-state electrolyte."

"Toyota's announcement underscores our belief that solid-state batteries represent the future of wide-scale EV deployment," added Tyrone Docherty, First Tellurium's president and chief executive officer. "The advancements in efficiency and safety are game changers, especially with respect to batteries catching fire. This is why we continue to support Fenix as they bring their lithium-tellurium battery to market."

On December 06, 2023, First Tellurium Corp. notes that recent reports from The Financial Times of London and Canada's Fraser Institute highlight rapidly growing supply issues around critical metals, especially tellurium. The Fraser Institute, predicting "exponential growth" in demand for electric vehicle batteries, forecast that supply requirements for tellurium could increase by over 800 per cent by 2030. In a Dec. 1, 2023 article, The Financial Times reported on the Biden administration's new restrictions on Chinese-made battery components for electric vehicles. Beginning Jan. 1, 2024, no U.S.-manufactured electric vehicles that include Chinese-made battery components will be eligible for the full subsidies offered under President Biden's $369-billion Inflation Reduction Act.

John Podesta, Biden's top clean energy adviser, stated, "With this guidance and the clarity that it will provide, we're ensuring that the U.S. electric vehicle future will be made in America."

The rules will force EV and battery manufacturers to source far more critical metals from domestic sources. China currently accounts for almost two-thirds of the world's lithium processing capacity, 75 per cent of its cobalt capacity, and nearly 60 per cent of its tellurium processing capacity.

"The new rules open up significant opportunities for us," said First Tellurium president and chief executive officer, Tyrone Docherty. "Revolutionary new EV batteries, using domestically sourced tellurium, could greatly increase the need to source tellurium from Canada and the U.S. Add this to the 40 per cent of global tellurium already used by the solar industry, a figure that's expected to grow significantly according to S&P Global, and you can see how the supply crunch is adding up."

On November 16, 2023, First Tellurium Corp., further to recent downward pressure on the company's stock price, says there is no known negative news, other than general market sentiment, affecting the share price.

"Our situation has not changed," said Tyrone Docherty, First Tellurium president and chief executive officer. "We are awaiting a significant amount of information from the Deer Horn property, which we believe will be positive, including interpretation of both the recent IP [induced polarization] survey and property-wide sampling conducted over the summer and fall."

Mr. Docherty added, "The general news and trends around tellurium, and critical metals in general, remains bullish for both the near and long term."

On November 06, 2023, First Tellurium Corp. has provided an update on sampling and geophysical work at the company's Deer Horn gold-silver-tellurium-copper project in west-central British Columbia. Deer Horn lies 36 kilometers south of Imperial Metals' Huckleberry Mine, southwest of Houston, BC.

In August, a property-wide mapping and sampling program at Deer Horn identified further copper-gold porphyry alteration and provided drill targets. As reported August 16 , the mapping and sampling have confirmed a crucial structural connection between the property's Pond copper porphyry and gold-silver-tellurium systems.

"Assay results from the sampling have been delivered," said First Tellurium President and CEO Tyrone Docherty. "Our consultant and QP Dr. Groat is now cataloguing and assessing the results. The program was extensive, so he is working through a lot of data."

First Tellurium is also awaiting analysis of the Induced Polarization (IP) geophysical survey conducted in September . This program followed up on rock sampling, channel sampling and prospecting conducted in 2022, as well as the August mapping/sampling.

"The IP survey should give us a much better understanding of subsurface structure and sulfide mineralization," said Docherty. "As Dr. Groat noted earlier this year, we have identified obvious porphyry and abundant associated sulfide mineralization on surface at Deer Horn. The IP data should fill in a lot of blanks in our data as we move into next year's expanded program."

On October 30, 2023, First Tellurium Corp. has closed the first tranche of a non-brokered private placement previously announced on Sept. 11, 2023. The company has issued 1.69 million flow-through shares at a price of 12 cents per share for gross proceeds of $202,800 and 1.89 million units at a price of 10 cents per unit for gross proceeds of $189,000. Each unit consists of one common share and one common share purchase warrant exercisable at 15 cents for a period of two years following the close of the offering.

Proceeds arising from the sale of the flow-through shares will help finance drilling and other exploration at First Tellurium's Deer Horn project in 2024. Proceeds arising from the sale of the units will be utilized for exploration and maintenance on the Colorado Klondike property and for unallocated working capital.

On October 19, 2023, First Tellurium Corp. has completed the first prototype of an improved, tellurium-based thermoelectric generator with applications for improving the efficiency of electric vehicles, solar power generation and combustion engines. The prototype, developed in the U.S. by First Tellurium's 51%-owned thermoelectric-focused research and development company (1406975 BC Ltd.), is being delivered to Vancouver and will undergo further testing in Canada.

"Completion of this prototype marks the next step of many towards what we believe will be innovative and valuable thermoelectric applications for tellurium," said First Tellurium President and CEO Tyrone Docherty. "The generator, in its initial testing and development, has demonstrated potentially significant improvements in the conversion of heat to energy. We look forward to advancing the technology through further testing and research."

On October 16, 2023, First Tellurium Corp. intends to extend the exercise term of certain outstanding warrants to purchase an aggregate of 22,231,500 common shares of the company, 4.6 million of which are beneficially held by directors and officers of the company. Of those warrants, 5,825,000 were originally issued on Oct. 19, 2021, and are exercisable at a price of 12 cents per share until Oct. 19, 2023. Of those warrants, 6,056,500 were originally issued on Oct. 29, 2021, and are exercisable at a price of 12 cents per share until Oct. 29, 2023. Of those warrants, three million were originally issued on Nov. 12, 2021, and are exercisable at a price of 12 cents per share until Nov. 12, 2023. Of those warrants, 7.35 million were originally issued on Nov. 26, 2021, and are exercisable at a price of 12 cents per share until Nov. 26, 2023. The company proposes to extend the term of the warrants such that they all will expire on March 31, 2024, at an exercise price of 12 cents per share. All other terms of the warrants will remain unchanged.

On October 04, 2023, First Tellurium Corp. has provided an update on exploration progress at the company's Deer Horn property in west-central British Columbia, including bornite discoveries, completion of the induced polarization survey and extension of the mineralized zone to at least 17.5 square kilometres. Work will continue on the property into October.

Bornite discoveries: "I'm excited to report that rock sampling at Deer Horn in September encountered significant amounts of bornite on surface," said First Tellurium president and chief executive officer Tyrone Docherty. "This is a very positive development as we work to unlock the property's copper-gold porphyry potential."

"In porphyry zones such as these, bornite can be an indicator of strong copper and gold enrichment," said First Tellurium consultant and qualified person Dr. Lee Groat. "We are anxious to see what the assays from our recent mapping and sampling programs, along with the upcoming drilling, tell us about copper-gold grades at Deer Horn and the extent of the bornite at depth."

First Tellurium is awaiting results from the assay lab for the August sampling program at Deer Horn. "Combined with the IP results and the upcoming drill program, we expect to have an abundance of information for analysis of both the copper-porphyry and gold-silver-tellurium enrichment at Deer Horn," said Mr. Docherty.

On October 03, 2023, First Tellurium Corp., due to strong interest, has increased its recently announced four-million-unit private placement financing with an additional one million units ($100,000), which also includes five million flow-through shares at 12 cents per share, for total proceeds of up to $1-million.

"I'm happy to see the support resulting from our 2023 exploration season at the Deer Horn property," said First Tellurium president and chief executive officer Tyrone Docherty. "We continue to learn more about the extent of the property's mineralization, and we expect further news from Deer Horn in the coming weeks."

On September 11, 2023, First Tellurium Corp.'s September drill program is scheduled to launch in the second half of September at the company's Deer Horn property in west-central British Columbia. Drilling will focus on the Pond zone copper-gold porphyry target, where the objective is to intersect disseminated mineralization and help locate the main mineral zone in the subsurface. This information, combined with results from work over the past two years, would inform an expected much larger drill program in 2024.

First Tellurium is also launching an induced polarization (IP) geophysical survey in September. The company has engaged Dias Geophysical of Saskatoon, Sask., to conduct the survey. The program will follow up on successful rock sampling, channel sampling and prospecting conducted in 2022, and mapping and rock sampling conducted in August, 2023. This combined work has extended the copper-gold porphyry target to five kilometres (3.1 miles) in length, which includes a possible 1.1-kilometre (0.7 mile) extension of the existing 2.4-kilometre (1.5 miles) gold-silver-tellurium vein system, which now extends a total of 3.5 kilometres (2.2 miles) within the overall porphyry target.

On August 16, 2023, An extensive mapping and sampling program at First Tellurium Corp.'s Deer Horn property in west-central British Columbia has confirmed a crucial structural connection between the property's Pond copper porphyry and gold-silver-tellurium systems. The mapping and sampling program is being conducted by a team of graduate students from the University of British Columbia and the University of St. Andrews, under the direction of Dr. Lee Groat, Consulting Geologist and Qualified Person for First Tellurium.

Preliminary results from the 2023 work confirm that the primary structure within the Deer Horn property is a large, east-west trending thrust fault. Historically, mineral exploration has focused on the southeastern part of the property, where high grade gold-silver-tellurium (Au-Ag-Te) mineralization is predominantly located in quartz veins associated with this thrusting event. More recently, due to glacial recession, new sites in the northwestern part of the property have been uncovered, where significant copper mineralization has been observed at the Pond showing and adjacent areas. This is thought to be part of a new porphyry copper system, potentially similar to the nearby Huckleberry Mine.

On August 10, 2023, A team of graduate students from the University of British Columbia and the University of St. Andrews (Scotland), under the direction of First Tellurium Corp. consultant and qualified person (QP) Prof. Lee Groat, is conducting a property-wide mapping and sampling program at the company's Deer Horn property in west-central British Columbia.

"This is an extensive survey that will investigate a large amount of untested ground," said First Tellurium President and CEO Tyrone Docherty. "Previous exploration, both by FTEL and former property holders, was confined largely to the Deer Horn vein system, recent copper porphyry discoveries and known showings of tungsten and molybdenum. We are also testing a significant amount of new ground that in the past was covered by glaciers."

On July 19, 2023, First Tellurium Corp. says that, according to a recent article in PV Magazine, expanded restrictions on Chinese polysilicon solar modules by the United States Customs and Border Patrol may result in a near-total ban on modules entering the U.S. from China. These restrictions will place even more pressure on domestic solar companies like First Solar, North America's largest solar panel manufacturer, which produces cadmium telluride modules rather than crystalline polysilicon. The China-U.S. trade tensions continue to heat up. China recently announced it would restrict exports of gallium and germanium, both essential for production of semiconductors. The country has also warned it may ban the export of technology to make solar panels.

On July 12, 2023, First Tellurium Corp. has noted that continuing trade tensions between China and the United States create implications for both tellurium and the production of cadmium-tellurium solar cells. China announced last week that it will restrict exports of the critical metals gallium and germanium, both essential for the production of semiconductors. China produces around 80 per cent of the world's gallium and approximately 60 per cent of the world's germanium.

"This is precisely why the U.S. Department of Energy (DOE) launched its Cadmium Telluride Accelerator Consortium (CTAC) a year ago," said Tyrone Docherty, First Tellurium president and chief executive officer. "They know the U.S. is vulnerable and has to establish safe and reliable sources of tellurium."

On July 05, 2023, First Tellurium Corp. has engaged Investor Brand Network (IBN) to provide corporate communications consulting services for an initial period of three months. IBN is a multifaceted financial news and publishing company servicing private and public entities.

With 17+ years of experience assisting 500+ client partners improve communications within the investment community, and a sizable family of 60+ trusted brands , IBN has amassed a collective audience that includes millions of social media followers . IBN is uniquely positioned to provide First Tellurium with the solutions needed to reach a wide audience of investors, journalists and the general public.

On June 20, 2023, First Tellurium Corp. has successfully uplisted from the OTC Pink Market to the OTCQB Venture Market. The uplisting has been approved by OTC Markets Group Inc., and the Company commenced trading on the OTCQB on Tuesday, June 20, 2023. The Company will continue to trade under the symbol "FSTTF".

"Upgrading our OTC market listing has been an important, long-term goal of the company," said First Tellurium President and CEO Tyrone Docherty. "This milestone gives us far greater access and exposure to the crucial U.S. investment market, allowing us to attract a larger shareholder audience.

On June 15, 2023, First Tellurium Corp. has engaged Burgex Mining Consultants, of Sandy, Utah, to stake additional claims around the company's Klondike gold-tellurium project in Saguache county in Colorado. The claims have been filed with the Bureau of Land Management (BLM). The number and extent of the holdings will be announced once the Company receives confirmation from Burgex and the BLM.

"We've had our eye on additional ground at Klondike for some time," said First Tellurium President and CEO Tyrone Docherty. "The new claims were selected for both their mineral potential and strategic expansion as we develop the property."

On June 08, 2023, First Tellurium Corp. has engaged Dias Geophysical of Saskatoon, Sask., to conduct induced polarization (IP) geophysics on the Deer Horn project this summer. The program is designed to help develop drill targets for a drilling program that will follow the IP survey this season. Deer Horn is located in West-central BC, 36 km south of the Huckleberry Cu-Mo mine and 135 km southwest of the community of Burns Lake.

The IP survey will follow up on successful rock sampling, channel sampling and prospecting conducted in 2022. This work identified a possible 1.1-kilometer (.7 miles) extension of the existing 2.4-kilometer (1.5 miles) gold-silver-tellurium vein system. This system may now extend a total of 3.5 kilometers (2.2 miles).

On May 17, 2023, First Tellurium Corp. has secured a contract with Lorax Environment Services Ltd. to provide services in co-operation with Moose Mountain Technical Services for the purposes of submitting a permit application to the British Columbia Ministry of Mines and Energy for a 10,000 bulk sample program on its Deer Horn property located in British Columbia, Canada.

The company has also engaged Silver King Helicopters Inc. to provide helicopter support services for survey and reconnaissance, and drill/crew moves on its upcoming work program on the Deer Horn property.

On April 26, 2023, Further to U.S. President Biden's recent announcement that the U.S. military will provide $250-million (U.S.) to fund critical minerals projects in both Canada and the United States, along with Natural Resources Canada's December, 2022, launch of its Canadian critical minerals strategy, First Tellurium Corp. has registered as a federal lobbyist to further its green and critical metals project in British Columbia.

"We're probably the only junior mining company registered as a federal lobbyist," said First Tellurium president and chief executive officer Tyrone Docherty. "We have been communicating with Natural Resources Canada about advancing our Deer Horn project, and we're very pleased with the prompt and enthusiastic response so far."

On April 12, 2023, First Tellurium Corp. has established and holds a controlling interest in a thermoelectric-technology-focused research, development and commercialization business, 1406975 B.C. Ltd. (NewCo). NewCo aims to explore new uses of tellurium and develop improved thermoelectric generators that could be used in the renewable energy and automotive industries. NewCo allows First Tellurium to focus on opportunities aligned with the company's long-term strategy to accelerate vertical, innovation-driven growth and will position NewCo to take on research and development projects to potentially unlock future value.

"Thermoelectric applications, whereby heat is converted to electricity, represent the No. 2 use of tellurium worldwide," said First Tellurium president and chief executive officer Tyrone Docherty. "Tellurium's unique properties make it an ideal material for this process. Our new venture allows us to take these properties further and pursue potential solutions for some of the world's most pressing problems related to greenhouse gases and fossil fuel dependence."

On March 22, 2023, First Tellurium Corp. says that increasing incidents of lithium-ion battery fires, including a recent five-alarm fire in New York City caused by an electric bicycle battery, are reinforcing the need for solid-state, lithium-tellurium (Li-Te) batteries that are far safer and do not catch fire. The new LiTe batteries are under development by First Tellurium strategic partner Fenix Advanced Materials and the University of British Columbia Okanagan (UBCO), and were featured in a Global TV News segment in early 2022.

"Lithium-tellurium batteries are ultra-safe," said Don Freschi, CEO of Fenix Advanced Materials. "One version of our newest lithium-tellurium battery use a gel polymer electrolyte, which eliminates the flammable liquid organic electrolyte used in most EV lithium batteries."

On March 15, 2023, First Tellurium Corp. is commenting on recent forecasts by the International Energy Agency (IEA) that point to rapid growth in solar photovoltaic (solar PV) deployment worldwide. The agency claims solar PV will generate more power by 2027 than any other source, including coal, natural gas and hydro power. To meet this growth, consumption for both silver and tellurium, key components of solar panels, is expected to surge in coming years.

"This growth scenario aligns perfectly with our strategy for developing First Tellurium's Deer Horn project," said First Tellurium president and chief executive officer Tyrone Docherty. "While Deer Horn is known best for its high-grade tellurium resource, the property's current indicated silver grade, as per our latest preliminary economic assessment (PEA), is estimated at 157 grams per tonne. Factoring in the indicated gold grade of 5.12 grams per tonne, we have a very attractive mix of precious and green metals, including copper porphyry mineralization, in a time of strong metals markets. Keep in mind that our PEA was based on a silver price of $17 per ounce, gold at $1,300 and copper at $3 per pound -- all well below current prices."

On March 08, 2023, Further to First Tellurium Corp.'s Feb. 14 announcement regarding purchase of a dedicated drill for the Deer Horn tellurium-silver-gold project in British Columbia, the drill manufacturer (Canadian Recon Manufacturing), through its sister company, Canadian Remote Drilling, will provide crews to conduct the drill campaign.

"Canadian Remote Drilling is well known in the industry and their reputation is stellar," said First Tellurium president and chief executive officer Tyrone Docherty. "Based on Phil McLean's enthusiastic endorsement of the Deer Horn property, the Alaskan company that sold us the drill took shares for payment. They're eager to participate in our success and we welcome them as shareholders." Mr. Docherty added that First Tellurium is considering acquiring a second drill dedicated to the Deer Horn project for 2024.

On March 01, 2023, First Tellurium Corp. has launched permitting for a 10,000-tonne bulk sample at the company's Deer Horn tellurium-silver-gold project in west-central British Columbia. The bulk sample will provide essential economic and metallurgical information to move Deer Horn to possible production.

First Tellurium has contracted with Moose Mountain Technical Services to manage the permitting process. Submission of the permit to the BC Ministry of Energy, Mines and Low Carbon Innovation is expected in late spring of this year.

"We are looking two or three years ahead with Deer Horn," said First Tellurium President and CEO Tyrone Docherty. "With the positive PEA, extension of the tellurium-silver-gold zone in 2022, and broad-based exploration planned for 2023, we believe the project will be ready for the sort of 'ground-truthing' a bulk sample can provide towards a production decision."

On February 22, 2023, First Tellurium Corp.'s initial assay results from copper porphyry surface sampling in October of 2022 have provided key information to support the planned 2023 mapping, drilling and aerial survey at the company's Deer Horn polymetallic project in west-central British Columbia.

Approximately nine kilograms of mineralized float from the area of the Pond porphyry showing, situated on the west side of Deer Horn, returned 3 per cent copper, seven parts per million tellurium, 94 ppm silver and 0.04 ppm gold. Channel samples in pyrite-rich outcrops of the Pond showing returned up to 71 ppm Cu. Pulps from these assays will be submitted for X-ray powder diffraction analysis to determine the mineralogy and its position in the porphyry system.

"These are important results that further support our premise of a large, buried porphyry system at Deer Horn," said First Tellurium geologist Dr. Lee Groat. "They also provide valuable information for the geophysical survey at Deer Horn, planned for July, 2023. This work will assist in delineating the subsurface extent of the porphyry system and inform locations for the follow-up drill program."

February 14, 2023, First Tellurium Corp. has purchased a new diamond drill to support planned drilling at the company's Deer Horn tellurium-gold-silver project in west-central British Columbia. The drill, built by Canadian Recon Manufacturing of Maple Ridge, BC, was designed specifically for power and portability and is considered ideal for the needs at Deer Horn. The drill was purchased in a shares-only transaction from an Alaskan contractor that had never used it. The consideration totaled 2,000,000 First Tellurium shares at a deemed price of $0.235 per share. The shares issued in connection with this asset purchase are subject to a hold period expiring June 11, 2023, in accordance with applicable Canadian securities laws and the policies of the CSE.

January 25, 2023, First Tellurium Strategic Partner Co-Authors Study on Advantages of Tellurium in Lithium-Ion Batteries

https://firsttellurium.com/first-tellurium-strategic-partner-co-authors-study-on-advantages-of-tellurium-in-lithium-ion-batteries/

January 18, 2023, First Tellurium Plans Geophysical Survey at Deer Horn in 2023

https://firsttellurium.com/first-tellurium-plans-geophysical-survey-at-deer-horn-in-2023/

January 11, 2023, First Tellurium Corp. Adds Leading Tellurium Expert to Advisory Board

https://firsttellurium.com/first-tellurium-adds-leading-tellurium-expert-to-advisory-board/

January 3, 2023, First Tellurium Closes Third and Final Tranche of Private Placement, Engages IR Consultant and Grants Stock Options to a Director and Consultants of the Company

https://firsttellurium.com/first-tellurium-closes-third-and-final-tranche-of-private-placement-engages-ir-consultant-and-grants-stock-options/

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