First Tellurium Prepares for Further Development of its Klondike Property, Recruiting Senior Geologist George Klemmick

Rhea-AI Summary

First Tellurium Corp. (CSE: FTEL) announces the addition of George Klemmick, a senior geologist with over 32 years of experience, to its team. Klemmick, who has a strong background in tellurium projects, will assist in managing the Klondike tellurium property. The solar panel market, a major consumer of tellurium, is projected to reach $261 billion USD by 2027. First Tellurium aims to advance mineral discovery and project development while adhering to the rights of Indigenous Peoples.

Positive

• George Klemmick's expertise strengthens the team's capability in managing the Klondike tellurium project.
• The solar panel market's significant growth (expected to reach $261 billion USD by 2027) may enhance demand for tellurium.

Negative

• None.

Mr. Klemmick Previously Worked with John Keller and First Solar and on Tellurium prospects in North America and Europe

VANCOUVER, British Columbia, Nov. 30, 2021 (GLOBE NEWSWIRE) -- First Tellurium Corp. (CSE: FTEL) (the “Company” or “First Tellurium”), announces George Klemmick has joined our team. With over 32 years in the field working as a senior geologist, project and exploration manager he brings a wealth of hands-on experience to our project.

Mr. Klemmick, who has previously worked with John Keller and First Solar and on the Klondike tellurium property, will assist in management of the project. Mr. Klemmick is a Certified Professional Geologist and is a Qualified Person (QP) under 43-101 rules.

“There has been a lot of exploration excitement recently around lithium,” stated George Klemmick “but the global market remains relatively small, at a little over $4 billion USD today, increasing to a little over $8 billion USD in 2027, according to Fortune Business Insights. On the other hand, the solar panel market, which is the largest consumer of tellurium, is forecast to be $261 billion USD by 2027 according to Financial News Media. The global interest in tellurium has never been bigger or more active than it is now. I look forward to further development of the Klondike tellurium resource.”

Tellurium’s primary use is for manufacturing films essential to photovoltaic solar cells. When alloyed with other elements— such as cadmium—tellurium forms a compound that exhibits enhanced electrical conductivity. Therefore, a thin film can efficiently absorb sunlight and convert it into electricity.

“I have worked with and have known George for many years and on many projects,” explained John Keller, First Tellurium’s Klondike project manager. “I am looking forward to working closely with him again on the Klondike property, and to deploy our combined 56 years of mineral exploration experience.”

“I couldn’t be happier having George join us,” said Tyrone Docherty, CEO of First Tellurium. “A company is only as strong as its personnel, and having two senior geologists who have both worked together on our Klondike property is a double win-win for everyone.”

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 is the significance of George Klemmick joining First Tellurium Corp.?

George Klemmick's extensive experience will enhance the management of the Klondike tellurium project, potentially improving project outcomes for First Tellurium.

How does the growth of the solar panel market affect First Tellurium Corp.?

The solar panel market, projected to reach $261 billion USD by 2027, is a primary consumer of tellurium, which could lead to increased demand for First Tellurium's resources.

What is First Tellurium Corp.'s focus regarding Indigenous rights?

First Tellurium Corp. adheres to the principles outlined in the United Nations Declaration on the Rights of Indigenous Peoples, prioritizing free, prior, and informed consent in their operations.