First Tellurium Acquires Drill for Deer Horn Exploration
Vancouver, BC, Feb. 14, 2023 (GLOBE NEWSWIRE) — First Tellurium Corp. (CSE: FTEL, OTC FSTTF) (the “Company” or “First Tellurium”), reports purchase of a new diamond drill to support planned drilling at the Company’s Deer Horn tellurium-gold-silver project in west central British Columbia. The drill, built by Canadian Recon Manufacturing of Maple Ridge, BC, was designed specifically for power and portability and is considered ideal for the needs at Deer Horn. The drill was purchased in a shares-only transaction from an Alaskan contractor that had never used it. The consideration totaled 2,000,000 First Tellurium shares at a deemed price of $0.235 per share. The shares issued in connection with this asset purchase are subject to a hold period expiring June 11, 2023, in accordance with applicable Canadian securities laws and the policies of the CSE.
Related news for (FSTTF)
- First Tellurium Registers as Federal Lobbyist to Advance Green and Critical Metals Projects
- First Tellurium Establishes New Thermoelectric Venture
- First Tellurium Reports on Recent Lithium-ion Battery Fires and Safety Advantages of New Lithium-Tellurium Batteries
- First Tellurium Reports on Solar PV and Surging Demand for Silver and Tellurium
- Canadian Remote Drilling to Manage 2023 Drill Campaign at First Tellurium’s Deer Horn Project