- Tellurium is listed by the United States and Canadian governments as a critical metal
- “We have an interesting critical metal that is going to be much of demand in the future as well as high-grade precious metals,” states FSTTF CEO
- The company’s two properties — Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado — anchor a diversified search for metals
Tellurium is gaining recognition in a world increasingly focused on renewable sources of energy. Listed on both the U.S. (https://ibn.fm/bF1X8) and Canada (https://ibn.fm/jfQXH) list of critical metals, tellurium is a key component of solar panels. First Tellurium’s (CSE: FTEL) (OTCQB: FSTTF) president and CEO Tyrone Docherty was recently featured as a guest on the Bell2Bell podcast, where he talked about the company and its key position in the growing tellurium space.
“First Tellurium has a wonderful, high-grade gold and silver property in Canada, but it comes with this unique mineral, tellurium, which is listed by both the United States and Canadian governments as critical,” Docherty explained as he talked with Bell2Bell host Stuart Smith. “Tellurium has come into the fore over the last couple of decades because it is used in solar panels by U.S. corporation First Solar, which uses a mixture of cadmium and tellurium, as opposed to different solar panels coming out of China. Tellurium is very important there, and it’s a very rare metal.”
Docherty has worked in the minerals market for more than three decades. After starting Quinto Mining Inc. at $4 million, he eventually sold it for $175 million. He took shares in the buyout company, Consolidated Thompson Iron Mines, and ended up owning approximately 21% of that company. When Consolidated sold for $4.9 billion, Docherty gained an enterprise value of about $1 billion.
Docherty planned on retiring after his Quinto days, but he “put on the work boots again” with First Tellurium. As the largest shareholder along with his wife, Docherty notes that “I build companies sort of . . . like the movie, ‘Field of Dreams.’ You know, if you build something properly, people will come with big checks to buy you out, and that’s what I see happening here. We have an interesting critical metal that is going to be much of demand in the future as well as high-grade precious metals to go along with it.”
In addition, Docherty noted, the company’s polymetallic Deer Horn property looks as if it contains the “greenest of all minerals” — copper — which the company plans to start exploring soon. “We really are blessed to have a tremendous property and, to top that off, we’ve also got the highest-grade tellurium property in North America in a property in Colorado that used to be owned by First Solar. So we’re going to be looking at that after, so when it comes to solar potential and tellurium potential, we’re the only ones in town, so to speak.”
In his remarks, Docherty provided a brief overview of the company’s recent milestones, including uplisting to the OTC QB and purchasing a brand-new drill from a group in Alaska. “[The company] insisted that for payment they did not want cash, they only wanted shares of our company,” Docherty explained, “because one of their business associates walked our property in October and saw the copper [potential] for himself and apparently phoned them and said, ‘I haven’t done this for 16 years since I’ve worked with you guys, but you’ve got to buy shares in this junior company.’”
The Bell2Bell podcast delivers informative updates and exclusive interviews with executives operating in fast-moving industries. The complete Bell2Bell interview with Docherty can be heard here.
First Tellurium is committed to generating revenue and value by exploring responsibly and leveraging diverse partnerships. The company’s polymetallic (tellurium, gold, silver, copper, tungsten) Deer Horn Project in British Columbia and Klondike tellurium-gold property in Colorado anchor a diversified search for metals, working in alliance with indigenous peoples, NGOs, governments and leading metals buyers.
For more information, visit the company’s website at www.FirstTellurium.com.
NOTE TO INVESTORS: The latest news and updates relating to FSTTF are available in the company’s newsroom at https://ibn.fm/FSTTF
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