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First Tellurium Engages Marketing Services Provider

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First Tellurium Corp. (CSE: FTEL) has engaged North Equities Corp. for marketing services to enhance investor communications. The agreement spans 7 months with an initial fee of $15,000 for the first month, followed by $16,667 monthly, plus taxes. After the initial 30 days, both parties will review the contract's continuation, with the potential issuance of 430,000 stock options upon successful review. The company's strategy focuses on mineral discovery and sustainable exploration in alliance with Indigenous peoples.

Positive
  • Engaged North Equities for investor communications to enhance market presence.
  • Initial marketing fee set at $15,000, providing a structured approach to outreach.
  • Potential issuance of 430,000 stock options post-review signifies confidence in marketing efforts.
Negative
  • High monthly fee of $16,667 could impact cash flow.
  • No guarantees of contract continuation after initial term.

Vancouver, BC, Canada, May 02, 2022 (GLOBE NEWSWIRE) -- First Tellurium Corp. (CSE: FTEL) (the “Company” or “First Tellurium”), announces it has entered into an agreement for engagement of services (the “Agreement”) by North Equities Corp. (“North Equities”) to provide marketing services to assist with communications to the investment community. Services will include distribution of content on its proprietary channels and assistance with investor interactions.

Under the terms of the Agreement, North Equities will be engaged for an initial term of 7 months at a rate of $15,000 for the first 30 days, and $16,667 per month thereafter, plus applicable taxes. The Agreement may be terminated by either party within 30 days. Upon review following the initial 30-day period, the Company and North Equities will discuss continuance of the contract. Upon successful review, the Company will issue 430,000 stock options in accordance with CSE regulation.

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
tyrone@firsttellurium.com

  

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.


FAQ

What services is North Equities providing to First Tellurium (GODYF)?

North Equities will assist First Tellurium with marketing services, focusing on investor communications and content distribution.

What is the duration and cost of the agreement with North Equities for GODYF?

The agreement is for an initial term of 7 months, starting at $15,000 for the first month and $16,667 per month thereafter.

How many stock options might First Tellurium issue under the North Equities agreement?

First Tellurium may issue 430,000 stock options following a successful review after the initial 30-day period.

What is the focus of First Tellurium Corp.'s business model?

First Tellurium focuses on mineral discovery, project development, and sustainable exploration in partnership with Indigenous communities.

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