FTEL Reports Completion of New Thermoelectric Prototype
First Tellurium Reports Completion of
New Thermoelectric Generator Prototype
Device has Demonstrated Potentially Significant Improvements in Heat‐to‐Energy
Conversion and will Undergo Further Testing in Canada.
Vancouver, BC, Canada, October 19, 2023 – First Tellurium Corp. (CSE: FTEL, OTC: FSTTF), reports
completion of 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.”
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 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 unlock potential future value.
“Tellurium’s advantages for heat‐to‐energy conversion have long been recognized and understood,” said
Docherty. “With the pressing need to increase the efficiency of alternative energy sources and both
electric and combustion vehicles, we are in a strategic position to advance tellurium’s thermoelectric
applications and contribute to the worldwide shift away from fossil fuels.”
In a paper published in the scientific journal Nature Communications, the authors noted: “Thermoelectric
devices, which enable a direct conversion between heat and electricity, …have attracted increasing
interest as a sustainable and emission free solution to the imminent global energy crisis and
environment pollution…”
“We look forward to reporting further progress in the development of the device,” said Docherty.
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 Klondike tellurium‐gold property in Colorado and polymetallic Deer Horn Project in British Columbia
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. First Tellurium is listed on the Canadian Stock Exchange under the symbol
“FTEL” and on the OTC under the symbol “FSTTF”. Further information about FTEL 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
Twitter:
https://twitter.com/TelluriumCorp
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.