First Tellurium (CSE: FTEL) (OTC: FSTTF) today reported that ongoing trade tensions between the U.S. and China create implications for both tellurium and the production of cadmium-tellurium solar cells. According to the update, China produces approximately 60% of the world’s tellurium, most of which goes into cadmium-tellurium solar cells. Beijing has warned that it may ban the export of technology used to make solar panels, an industry for which China controls at least 75% of its global supply chain. With potentially dire repercussions for the West’s drive for solar energy deployment and as the trade war heats up, the U.S. is looking to secure safe, domestic sources of tellurium and many other critical metals to pre-empt potential shortages. “This is precisely why the U.S. Department of Energy (‘DOE’) launched its Cadmium Telluride Accelerator Consortium (‘CTAC’) a year ago,” said Tyrone Docherty, First Tellurium’s president and CEO. “They know the U.S. is vulnerable and has to establish safe and reliable sources of tellurium… We’re the only junior mining company in the world focused on tellurium exploration. With our Klondike high-grade tellurium property in Colorado, and the Deer Horn property in British Columbia with its mix of high-grade gold, silver and tellurium, we’re ahead of the curve in establishing strategic, domestic supplies for solar panel manufacturers like First Solar.”
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About First Tellurium Corp.
First Tellurium’s unique business model is to generate revenue and value through mineral discovery, project development, project generation and cooperative access to untapped mineral regions in Indigenous territory with sustainable exploration. Its Klondike tellurium-gold property in Colorado and polymetallic Deer Horn Project in British Columbia anchor a diversified search for metals, working in alliance with Indigenous peoples, NGOs, governments and leading metals buyers. This is the future of mineral exploration—generating revenue by exploring responsibly and leveraging diverse partnerships. First Tellurium proudly adheres to, and supports, the principles and rights set out in the United Nations Declaration on the Rights of Indigenous Peoples and in particular the fundamental proposition of free, prior and informed consent. First Tellurium is listed on the Canadian Stock Exchange under the symbol FTEL and on the OTC under the symbol FSTTF. Further information about FTEL and its projects can be found at www.FirstTellurium.com.
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