First Tellurium Corp. announced a non-brokered private placement of up to 10,000,000 flow-through shares at a price of CAD 0.14 per unit for the gross proceeds of CAD 1,400,000 and up to 10,000,000 units at a price of CAD 0.11 per unit for the gross proceeds of CAD 1,100,000 for the total gross proceeds of CAD 2,500,000 on July 11, 2024. Each Unit will consist of one non-flow-through common share and one-half of one common share purchase warrant, each whole warrant exercisable at CAD 0.15 for a period of two years following the close of the offering.

The company may pay a finder?s fee consisting of cash, shares and/or warrants to eligible finders as permitted under applicable securities laws and CSE policies.