First Tellurium Announces Increase in Private Placement Financing and 1st Tranche Closing

Group 1 - The Company has completed the first tranche of its non-brokered private placement, issuing 4,992,545 Units for gross proceeds of $848,732.65 [1] - A finder's fee of $1,700 was paid in connection with the first tranche, and all securities issued are subject to a hold period expiring on July 18, 2026 [1] - Due to increased interest, the Company is raising the maximum offering to 14,000,000 Units at a price of $0.17 per Unit, aiming for gross proceeds of up to $2,380,000 [2] Group 2 - Each Unit consists of one common share and one-half of one common share purchase warrant, with each whole warrant allowing the purchase of one common share at $0.24 for two years [2] - The proceeds from the sale of Units will be used for general working capital, and the Company may pay finder's fees in cash, shares, or warrants [3] - All securities issued under the offering will be subject to a hold period expiring four months and one day from their issuance date [3] Group 3 - Insider participation in the offering is anticipated, which may be considered a related party transaction under Multilateral Instrument 61-101 [4] - Such insider participation is expected to be exempt from formal valuation and minority shareholder approval requirements, as the fair market value of the securities distributed to insiders is not expected to exceed 25% of the Company's market capitalization [4] Group 4 - The Company operates with a unique business model focused on mineral discovery, project development, and tellurium-based technologies [6] - First Tellurium Corp. is listed on the Canadian Securities Exchange under the symbol "FTEL" and on the OTC under "FSTTF" [6]