First Tellurium Establishes New Thermoelectric Venture
Vancouver, BC, Canada, April 12, 2023 (GLOBE NEWSWIRE) — First Tellurium Corp. (CSE: FTEL, OTC: FSTTF) (the “Company” or “First Tellurium”), today announced that it has established, and holds a controlling interest in, a thermoelectric technology-focused research, development and commercialization business 1406975 BC Ltd. (“NewCo”). 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 potentially unlock future value.
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