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First Tellurium Has Found New Funding From Capitol Hill

June 4, 2024
x min read
First Tellurium Has Found New Funding From Capitol Hill

One of the largest non profits in Washington, D.C. focused on accelerating the energy transition has found a new project to fund. And it’s owned by a publicly traded company in Canada.

What’s happening:

  • First Tellurium (CSE: FTEL) has landed a commitment from non profit RESOLVE to fund the development and manufacturing of their novel thermoelectric device
  • The funding will be granted to PyroDelta, which First Tellurium owns a majority ownership stake in and will accelerate securing the supply of tellurium, antimony and other critical metals which are essential to manufacturing the thermoelectric device

By the numbers:

  • RESOLVE has committed to securing funding of up to $39.5M CAD to develop and manufacture Pyrodelta’s thermoelectric device
  • First Tellurium owns a 61% equity stake in PyroDelta

Why it matters:

Going deeper:

  • The new tellurium based thermoelectric device being developed by PyroDelta has the potential to be able to provide power to solar panels and even drones
  • The funding will come from RESOLVE Enterprises, which is the startup incubator arm of RESOLVE and partners with early stage companies focused on building disruptive technologies for the energy transition
  • RESOLVE has partnered with some of the world’s most iconic companies to help them reduce their emissions and restore the environment, including Apple (NASDAQ: AAPL) and Tiffany and Co

Disclaimer

The New Money provides background information on early stage companies from publicly available sources. The New Money provides no advice on dealing in securities, is not a financial adviser and does not pretend to be so. This message is meant for information and educational purposes only. The information contained in this email is not to be considered factual or complete. Anybody interested in obtaining financial and other information on companies mentioned is advised to get it direct from the companies, or from their own investment adviser. The New Money does not intend for this information to be used to inform an investment decision. The New Money has been compensated by First Tellurium for a media campaign, which affects our ability to be unbiased. The Principals of The New Money may buy or sell shares of First Tellurium without further notice. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities. The New Money and its principals and agents are not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Always do your own research and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment. Investing is inherently risky. While a potential for rewards exists, by investing, you are putting yourself at risk. You must be aware of the risks and be willing to accept them in order to invest in any type of security. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy or Sell securities. No representation is being made that any stock trade will or is likely to achieve profits. Comparisons made to other featured companies or past performance is not indicative of future results.

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