First Tellurium Corp. (FTEL)

Overview

First Tellurium Corp. is a mining company engaged in the acquisition, exploration, and evaluation of mineral properties in Canada, focusing on a diverse array of metals. Initially known as Deer Horn Capital Inc., the company underwent a name change to First Tellurium Corp. in 2021, reflecting its focus on exploring for minerals like silver, tellurium, and gold, among others. Founded in 2004 and headquartered in Delta, Canada, First Tellurium Corp. has demonstrated a commitment to exploring and potentially developing high-value mineral properties. Its notable projects include the partially owned Deer Horn Property in British Columbia and the optioned Colorado Klondike property in Colorado, representing a strategic approach to mineral exploration and development.

Products and Services

• Silver Exploration

  The company engages in the exploration of silver, a precious metal known for its use in jewelry, silverware, and industrial applications. Exploring for silver forms a part of the company's diversified mineral portfolio.

• Tellurium Exploration

  As part of its core focus, First Tellurium Corp. explores for tellurium. Tellurium is a rare metalloid used in solar panels, thermoelectric devices, and as an alloying agent in steel. Its exploration underscores the company's commitment to finding minerals critical to technology and renewable energy sectors.

• Gold Exploration

  Gold exploration remains a significant aspect of the company's operations, given gold's value as an investment, a hedge against inflation, and its use in various industrial applications. The exploration for gold complements the company's strategy in targeting precious and valuable metals.

• Additional Minerals Exploration

  First Tellurium Corp. extends its exploration activities to include a variety of other minerals such as copper, known for its electrical conductivity; tungsten, prized for its strength and high melting point; bismuth, lead, zinc, and molybdenum. This diversification strategy enables the company to explore opportunities across a broad spectrum of metals with various industrial and technological uses.

• Property Development

  The Deer Horn Property and Colorado Klondike property represent First Tellurium Corp.'s strategic investments in mineral property development. Owning a 50% interest in the Deer Horn Property and having an option to acquire a 100% interest in the Colorado Klondike property, the company is positioned to potentially develop these properties, subject to the results of its exploration activities.