First Tellurium Closes Final Tranche of Private Placement, Raising $201,000.18
Vancouver, BC, Canada — April 17, 2026 — Leads & Copy —
First Tellurium Corp. has completed the third and final tranche of its non-brokered private placement, initially announced on February 23, 2026, and later increased on March 17, 2026.
Under the Third Tranche, the company issued 1,182,354 units at $0.17 per unit, resulting in gross proceeds of $201,000.18. No finder’s fees were paid in connection with the Third Tranche. The securities issued are subject to a hold period expiring on August 18, 2026.
A company director participated in the Third Tranche, purchasing 100,000 units for $17,000. This is considered a related party transaction under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions. The insider participation is exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as the company is not listed on exchanges or markets outlined in subsection 5.5(b) of MI 61-101, and the fair market value of the securities distributed to the insider does not exceed 25% of the company’s market capitalization.
The company has raised a total of $2,121,229.06 from the sale of 12,477,818 units, including the first tranche closing announced March 17, 2026, and the second tranche closing announced March 25, 2026. The proceeds will be used for general working capital.
First Tellurium’s business model focuses on generating revenue and value through mineral discovery, project development, project generation, and the development of tellurium-based technologies.
First Tellurium is listed on the Canadian Securities Exchange under the symbol “FTEL” and on the OTC under the symbol “FSTTF”.
Tyrone Docherty, President and CEO, has approved the release of this information.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933.
Source: First Tellurium Corp.
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