First Tellurium Corp.: Pioneering the Future of Clean Energy with Tellurium

WTS Capital
February 27, 2024

First Tellurium Corp. stands out in the clean energy sector for its innovative approach and commitment to driving positive change. As the world shifts towards greener energy solutions, FTEL leads the charge with its pioneering work in Tellurium exploration and technology. In this overview, we explore FTEL's operations, uncovering the key drivers behind its success and its pivotal role in shaping the future of clean energy.

Brief Overview

At the core of First Tellurium Corp.'s operations lies a unique business model geared towards generating revenue and value while upholding sustainability principles and responsible resource development. FTEL's approach encompasses various facets, including mineral discovery, project development, project generation, and cooperative access to untapped mineral regions, particularly within Indigenous territories.

Central to FTEL's strategy are its projects: the Klondike tellurium-gold property in Colorado and the polymetallic Deer Horn Project in British Columbia. These projects are pillars of FTEL's diversified exploration efforts, tapping into rich mineral reserves while fostering collaborative partnerships with Indigenous communities, non-governmental organizations (NGOs), governments, and leading metals buyers.

Why Tellurium?

Tellurium, a lesser-known element in the periodic table, holds immense promise as a critical component in the pursuit of clean energy and technological innovation. Despite its relatively low abundance in the Earth's crust, Tellurium's unique properties make it indispensable for a wide range of applications, particularly in the realm of renewable energy and advanced electronics.

Understanding Tellurium:

Tellurium, with the chemical symbol Te and atomic number 52, is classified as a metalloid, sharing characteristics of both metals and non-metals. It possesses a distinctive silvery-white appearance and is notable for its brittle, crystalline structure. While Tellurium is primarily obtained as a byproduct of copper and lead refining processes, its significance far outweighs its scarcity in the Earth's crust.

Applications in Clean Energy:

One of the most compelling reasons for the growing interest in Tellurium lies in its critical role in clean energy technologies. Tellurium's unique semiconductor properties render it indispensable for the production of high-efficiency solar cells, particularly those based on cadmium telluride (CdTe) thin-film technology. CdTe solar panels, renowned for their cost-effectiveness and performance in low-light conditions, rely on Tellurium as a key component for converting sunlight into electricity.

Beyond solar energy, Tellurium plays a crucial role in the development of thermoelectric materials used in waste heat recovery systems. These materials, which can convert heat energy into electricity with high efficiency, have the potential to revolutionize energy generation and utilization in various industrial and residential applications.

Emerging Technologies:

In addition to its applications in clean energy, Tellurium holds promise in emerging technologies such as advanced electronics and energy storage. Tellurium-based alloys and compounds exhibit remarkable properties, including superconductivity and high thermal conductivity, making them ideal candidates for use in next-generation electronic devices, sensors, and telecommunications equipment.

Moreover, Tellurium's compatibility with lithium in battery systems has led to the exploration of Lithium-Tellurium (Li-Te) batteries, offering enhanced safety, longevity, and energy density compared to traditional Lithium-ion batteries. These advancements in energy storage technologies have the potential to address critical challenges associated with renewable energy integration and grid stability, paving the way for a more sustainable and resilient energy infrastructure.

First Tellurium Corp.'s Projects

DEER HORN PROPERTY

Highlights:

  • Spanning over 5,133 hectares (51.33 square km), the Deer Horn Property is strategically located just 36 kilometers south of the prolific Huckleberry Cu-Mo mine.
  • It represents one of the few significant tellurium discoveries outside of Asia, with a sprawling 17.5 square kilometer mineralized zone showcasing promising signs of copper porphyry and high-grade Au-Ag-Te mineralization.
  • The property boasts a 3.5-kilometer-long vein system comprising both high-grade Au-Ag-Te veins and broader zones of bulk-tonnage mineralization.

Copper Porphyry:

  • Recent rock sampling efforts in September 2023 revealed substantial amounts of bornite, indicating strong copper and gold enrichment, signalling significant potential for further exploration.
  • Ongoing drilling activities aim to test the porphyry zone at depth, with assays from recent sampling endeavours expected to provide valuable insights into the property's mineralization.
  • Previous rock samples dating back to 2012 yielded impressive results, including copper grades as high as 4240 ppm Cu and silver grades of 6.6 g/t Ag, further underscoring the property's mineral-rich nature.
  • Discoveries made possible by receding glaciers have unveiled new areas of anomalous copper-gold mineralization along ridge crests northwest of Kenney Lake, expanding the scope of exploration opportunities.
A view of the North Pond showing, where sampling in 2012 identified new discoveries of porphyry copper+ /-gold+/ -silver mineralization and associated alteration

KLONDIKE PROPERTY

Highlights:

  • The Klondike Property, formerly held by First Solar Inc., represents an exceptional tellurium prospect and was once considered one of the company's top tellurium prospects globally.
  • Initially labelled by First Solar as a potential primary source of tellurium for their cadmium-telluride (Cd-Te) solar panels, Klondike garnered significant attention for its high-grade tellurium deposits.
  • Following First Solar's decision to abandon its tellurium mining initiative, the property was acquired in 2013 by the geological team spearheading the company's property acquisitions.

First Solar's Exploration:

  • First Solar conducted extensive geophysical surveys, sampling campaigns, drill targeting, and permitting activities from 2009 to 2011, uncovering exceptionally high tellurium grades.
  • Despite identifying promising targets at Klondike, First Solar's global tellurium acquisition program was halted before drilling commenced on the property.
  • FTEL secured an option to purchase the Klondike Property from First Solar's former team, who now oversees the forthcoming exploration program at Klondike, to follow up on First Solar's recommended drill targets.

Resource Estimates:

A preliminary Preliminary Economic Assessment (PEA) conducted in 2018 established grades, resources, and recoveries for the Deer Horn Property, with indicated resources totalling 68,000 ounces of gold, 2,100,000 ounces of silver, and 66,000 kilograms of tellurium, along with inferred resources amounting to 32,000 ounces of gold, 930,000 ounces of silver, and 27,000 kilograms of tellurium.

Proven Management

Tyrone Docherty - President & CEO

With over 30 years of experience in financial and minerals markets, Tyrone Docherty leads First Tellurium Corp. Formerly, as President & CEO of Quinto Mining Inc., he raised over $30 million and transformed a Quebec iron ore property into a viable project, eventually selling Quinto for a share value of $175 million.

Tony Fogarassy - M.Sc. LL.M. Chairman

Tony Fogarassy, Chairman, offers extensive legal and technical expertise, graduating as a gold medalist in geological sciences and law. His knowledge spans minerals, oil & gas, renewable energy projects, and environmental and indigenous law.

Matt Wayrynen - Director

Matt Wayrynen, brings expertise in solar energy development and venture capital. With leadership roles at Solar Flow Through Funds and Berkley Renewables Inc., he has successfully raised substantial capital for public and private ventures.

Allen Schwabe - Director

Allen Schwabe boasts nearly four decades of entrepreneurial experience and success in fundraising and property acquisitions, contributing valuable insights and connections within the mining industry.

Dr. Lee Groat - Consultant/Advisor

Dr. Lee Groat enhances FTEL's technical capabilities with his expertise in mineralogy, geochemistry, and ore deposits as a Professor at the University of British Columbia.

Conclusion

First Tellurium Corp. stands as a beacon of innovation in the clean energy domain, leading the way in the exploration and technological advancements of Tellurium. Through strategic alliances and sustainable resource development practices, FTEL demonstrates its dedication to environmental stewardship while harnessing the potential of Tellurium across diverse clean energy applications. Guided by industry veteran Tyrone Docherty and supported by a skilled team, FTEL is primed to seize opportunities in the evolving clean energy market. With promising projects like Deer Horn and Klondike, FTEL not only drives transformative change but also offers an appealing prospect for investors seeking exposure to the clean energy landscape.

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