FTEL Announces Extension of Warrant Exercise Term
First Tellurium Announces Extension of Warrant Exercise Term
Vancouver, BC, Canada, October 16, 2023 – First Tellurium Corp. (CSE: FTEL, OTC FSTTF) (the “Company”
or “First Tellurium”), announces that it intends to extend the exercise term of certain outstanding
warrants to purchase an aggregate of 22,231,500 common shares of the Company, 4,600,000 of which
are beneficially held by directors and officers of the Company. 5,825,000 of these warrants were
originally issued on October 19, 2021, and are exercisable at a price of $0.12/share until October 19,
2023. 6,056,500 of these warrants were originally issued on October 29, 2021, and are exercisable at a
price of $0.12/share until October 29, 2023. 3,000,000 of these warrants were originally issued on
November 12, 2021, and are exercisable at a price of $0.12/share until November 12, 2023. 7,350,000 of
these warrants were originally issued on November 26, 2021, and are exercisable at a price of
$0.12/share until November 26, 2023. The Company proposes to extend the term of the warrants such
that they all will now expire on March 31, 2024 at an exercise price of $0.12/share. All other terms of
the warrants will remain unchanged.
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
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.