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First Tellurium Provides Further Information about RESOLVE and its Role in Advancing New Thermoelectric Generator
A leading NGO, RESOLVE works with governments and industry leaders to resolve a wide range of social and environmental issues. Vancouver, BC, Canada – TheNewswi
About this update from First Tellurium Corp
[{"type":"text","content":"A leading NGO, RESOLVE works with governments and industry leaders to resolve a wide range of social and environmental issues. Vancouver, BC, Canada – TheNewswire - June 25, 2024 – Further to recent news about its joint venture with Non-Governmental Organization (NGO) RESOLVE, Inc. of Washington, DC, First Tellurium Corp. (CSE: FTEL, OTC: FSTTF), has provided additional information about the organization to help shareholders understand the significance of the agreement and why management believes RESOLVE will provide value to the Company going forward. Under a Memorandum of Understanding (MOU) reported May 30, 2024, RESOLVE will secure up to approximately US$29 million (CDN$39.5 million) in funding for manufacturing and marketing of the PyroDelta thermoelectric device. RESOLVE and PyroDelta Inc., in which First Tellurium currently holds a majority interest, have formed a partnership called Tellurium Electric to bring the thermoelectric device to market. “Having received so many inquiries about RESOLVE and Tellurium Electric since announcing the MOU,” said First Tellurium President and CEO Tyrone Docherty, “we felt further information would be welcomed by our shareholders and interested investors.” RESOLVE is a long-established and leading NGO recognized for its work on a wide range of social and environmental issues. Employing a team of mediators and facilitators, scientists, policy experts, strategists, and communicators, RESOLVE’s mission is to forge “…sustainable solutions to critical social, health, and environmental challenges by creating innovative partnerships where they are least likely and most needed.” In addition to its new that provides a good overview of the organization’s vision, purpose and objectives. Stephen D’Esposito, RESOLVE’s President and CEO, stated, “We are very excited to work with PyroDelta and First Tellurium to realize the potential of this device. It aligns with our vision of transforming ambitious ideas into real benefits for people, communities, and ecosystems, and our commitment to innovation that supports the energy transition.” RESOLVE has partnered with many global industry leaders, including Rio Tinto, Newmont Mining and Intel. First Tellurium’s strategic partner Cheona Metals has worked with RESOLVE on its Salmon Gold initiative to remine former placer mining sites in Alaska, the Yukon Territ...