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First Tellurium Provides Additional Details on Technology Development Agreement with RESOLVE Inc.
PyroDelta Inc. holds 85% of new joint venture to bring cutting-edge thermoelectric generator to market. Vancouver, BC, Canada, June 5, 2024 – TheNewswire – Firs
About this update from First Tellurium Corp
[{"type":"text","content":"PyroDelta Inc. holds 85% of new joint venture to bring cutting-edge thermoelectric generator to market. Vancouver, BC, Canada, June 5, 2024 – TheNewswire – First Tellurium Corp. (CSE: FTEL, OTC: FSTTF), has provided additional ownership details on the recently announced joint venture between RESOLVE Inc. and First Tellurium subsidiary PyroDelta Inc. to bring a revolutionary new thermoelectric generator to market. Under the agreement, PyroDelta will hold 85% interest in Tellurium Electric with RESOLVE owning 15%. As reported on May 30, RESOLVE will provide governance, administrative, and fundraising support, including acquisition of critical metals such as tellurium, antimony and bismuth, to manufacture the device. The generator, which is lighter, more compact and able to withstand temperature extremes far higher than conventional thermoelectric devices, is under development in the U.S. by PyroDelta. “We have seen strong interest in the device since we first announced it early this year,” said First Tellurium President and CEO Tyrone Docherty. “The applications for it are broad, and we keep uncovering new ones.” A demonstration of the device and further explanation from the inventor Michael Abdelmaseh, Director of Engineering for Pyrodelta, can be viewed here. PyroDelta is targeting a range of markets for the device, including combustion and electric vehicles, solar power, greenhouses and long-range drones. “This agreement with Resolve is very advantageous for our shareholders,” added Docherty. “We have put product development, marketing and sales of the device in what we believe are the best hands possible, allowing us to focus on developing our mineral projects in British Columbia and Colorado, both of which contain high-grade tellurium as well as precious metals. Our Deer Horn property in BC also hosts a copper porphyry and contains tungsten, bismuth, zinc and other metals.” About First Tellurium Corp. First Tellurium’s unique business model is to generate revenue and value through mineral discovery, project development, project generation, tellurium-based technologies and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration. Our Klondike tellurium-gold property in Colorado and polymetallic Deer Horn Project in British Columbia anchor a diversified search for metals, working in al...