CSE: FTEL

Layer 2

Corporate

Generating ROI through mineral exploration, partnerships and responsible exploration

Our Impact Business Model helps us leverage responsible and innovative exploration. We recognize that the future of exploration is cooperation with Indigenous governments, funding innovation, partnerships and thinking outside of conventional exploration models. In our exploration and partnerships, we strive to generate a measurable, beneficial social or environmental impact alongside a financial return.

Our Vision

Our vision is to maximize returns to our investors through our Impact Growth Model for mineral exploration, generating valuable mineral discoveries while helping empower and enrich our Indigenous partners and advancing sustainable exploration.

Our Mission

The Company’s mission is to build a new revenue model for the junior resource industry by partnering with Indigenous governments, industry leaders, NGOs and environmental organizations.

Our Purpose

Using a scaled approach, we will create a minimal environmental footprint while building low-cost, efficient operations that allow us to begin production on a shorter timeline. We will work closely with our partners to ensure sustainable and ethical operations while building wealth and value for all stakeholders.

Our Strategy

Our strategy is to generate revenue and share value by leveraging responsible and innovative exploration. We recognize that the future of exploration is cooperation with Indigenous peoples, funding innovation, partnerships and thinking outside of conventional exploration models.

Our Core Values at First Tellurium

Enterprise

Think and work creatively, with intention and always towards greater revenue and margin for shareholders.

Ethics

Operate with integrity, fairness and honesty.

Stewardship

Responsible growth with minimal environmental impact, strong community relations, particularly with Indigenous peoples and host communities, contribute to regional well-being.

Respect

Treat employees, suppliers, shareholders and all other stakeholders respectfully and honourably.

Authenticity

Tell the bad news with the good, be honest and transparent.

Small Footprint. Big Impression.

An Explanation of First Tellurium’s Small Mine and Phased Approach Strategy

With a positive Preliminary Economic Assessment completed at the Deer Horn Property, First Tellurium’s strategy is to start with a small mine and expand it over time. A key driver of this strategy is Indigenous support, including potential investment and employment. This phased approach offers significant advantages over larger mines, including:

Management

Tyrone Docherty

President & CEO

Former President & CEO of Quinto Mining Inc., where with limited resources in a difficult market he raised more than $30 million and advanced a Quebec iron ore property to a viable project. Sold Quinto to Consolidated Thompson Iron Mines in June 2008 for a share value equal to $175M (starting from $4M). Consolidated Thompson eventually sold to Cliffs Resources for $4.9B. From 2012 to 2018, Tyrone was Director and Chairman of Mason Graphite Inc. Mr. Docherty has worked in the financial and minerals markets for over 30 years.

Pam Saulnier

CFO and Secretary

Directors

Tony Fogarassy, M.Sc. LL.M.

Chairman

Lawyer and geologist. Graduated as gold medalist in geological sciences from the University of British Columbia and in law from the London School of Economics. Extensive legal and technical expertise in minerals, oil & gas, coal and renewable energy projects and environmental and aboriginal/indigenous law in North America, Africa and Asia.

Tyrone Docherty

Director

Former President & CEO of Quinto Mining Inc., where with limited resources in a difficult market he raised more than $30 million and advanced a Quebec iron ore property to a viable project. Sold Quinto to Consolidated Thompson Iron Mines in June 2008 for a share value equal to $175M (starting from $4M). Consolidated Thompson eventually sold to Cliffs Resources for $4.9B. From 2012 to 2018, Tyrone was Director and Chairman of Mason Graphite Inc. Mr. Docherty has worked in the financial and minerals markets for over 30 years.

Matt Wayrynen

Director

CEO of Solar Flow Through Funds, one of Ontario’s leading solar developers. Also president of Berkley Renewables Inc., a solar energy development company. Former CEO of Bralorne Gold Mines Ltd. Extensive venture capital experience and has successfully raised hundreds of millions of dollars for public and private ventures in Canada, the USA and Mexico.

Allen Schwabe

Director

Mr. Schwabe has been a successful entrepreneur in the Lower Mainland region for nearly 40 years. He has also held President and Director positions for various mining companies for the last 25 years, playing key roles in fundraising and property acquisitions.

ADVISORY BOARD

Dr. Lee Groat, B.Sc., Ph.D, P.Geo

Consultant/Advisor

Professor at Dept. of Earth and Ocean Sciences with University of British Columbia and former NATO Postdoctoral Fellow at Cambridge University. Areas of research include mineralogy, geochemistry and ore deposits.

Bob Lane, M.Sc., P. Geo

Consultant/Advisor & Qualified Person

Registered professional geologist with a Master’s degree in geology and more than 20 years of practical field geology as a research geologist with the BC Geological Survey, as the Regional Geologist with the Ministry of Energy & Mines and as a consulting geologist.

Tracey Meintjes, P.Eng

Consultant/Advisor & Qualified Person

Registered professional engineer and Deer Horn’s Qualified Person for matters relating to mineral processing, metallurgical testing, mining capital, mine operating costs, environmental, infrastructure, financial evaluation, and overall report preparation. He has been involved with copper, gold, coal, molybdenum project evaluations and is a specialist in pit and schedule optimization.

Funsho Ojebuoboh, MBA, PhD

Consultant/Advisor

Through his distinguished career, Dr. Funsho Ojebuoboh worked with companies such as First Solar, where he assisted in the sourcing and delivery of critical raw materials, including tellurium, that were key to their manufacturing of solar panels. Over his seven-year relationship with First Solar, he provided guidance to stakeholders, including executive management, legal and finance for the review and approval of supply agreements. Dr. Ojebuoboh is a globally recognized author and lecturer on the refinement and practical application of rare metals for solar panels and semi-conductors, including tellurium. He is also a standing member of the Minor Metals Trade Association (MMTA), The International Society for Optical Engineering (SPIE), The Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and The Minerals, Metal and Materials Society (TMS).

James Guilinger, MBA

Advisor/Consultant

Mr. Guilinger’s tellurium exploration and development experience spans more than 20 years, involving various investigation consulting projects for tellurium throughout the USA and the world. He holds a Bachelor of Arts Degree in Geology from the University of Colorado and an MBA and International Business & Economics from Regis University, Denver. He is a member of good standing with the Society of Mining Engineers of the A.I.M.E., a member of the Society of Economic Geologists and a member of the QP Geology and the Mining and Metallurgical Society.

John Keller, P.Geo

Consultant/Advisor

Formerly the Exploration Manager in North America for First Solar, Mr. Keller is a field-oriented mineral exploration geologist with wide-ranging experience with several mineral commodities and in many geological environments, both in the U.S. and internationally. In 2012, Mr. Keller and a group of investors formed Colorado Klondike Llc to purchase the Klondike property from First Solar, which had recently discontinued its tellurium exploration and development program. Mr. Keller’s recent major exploration projects include tellurium, tungsten, lithium and gold/silver deposits in the western U.S. He has authored or co-authored ten published and peer-reviewed geologic maps for the Colorado Geological Survey, including the Boreas Pass quadrangle published in 2018. He is Certified Professional Geologist (CPG #11088) and a member of the American Institute of Professional Geologists. Mr. Keller is also a Qualified Person (QP) under National Instrument NI-43-101 (Canada).

Unique Amongst Junior Exploration Firms

As an investor, not only are you investing to find metal, you’re investing in Indigenous support, responsible mineral exploration and environmental rehabilitation.

Our Cheona Metals First Indigenous partnership expands opportunities, opens up mineral ground that most companies don’t have access to and provides a vehicle for new beneficial partnerships. Through its connection with RESOLVE and the Salmon Gold Initiative, Cheona Metals is now aligned with Apple & Tiffany for sales of Responsible Gold.