First Tellurium Corp. ( $FTEL.C $GODYF ) is a mineral discovery, project development, and project generation company that has a focus on cooperative and sustainable exploitation of untapped minerals in Indigenous territory.
Today $FTEL announced the third tranche of a non-brokered private placement where $FTEL issued 3M units for gross proceeds of $240K.
These proceeds are great news for the company and all shareholders.
It was not announced how the company plans to use the proceeds but I am guessing that it may go to further development of their tellurium, gold, silver copper, and tungsten project at Deer Horn (BC, Canada) and/or their Klondike tellurium-gold property (Colorado).
https://www.globenewswire.com/news-release/2021/11/16/2335186/0/en/First-Tellurium-Announces-3rd-Tranche-Close-of-Private-Placement.html