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

Vancouver, BC, Canada, March 17, 2026 – TheNewswire – First Tellurium Corp. (CSE: FTEL , OTC: FSTTF ) (the “ Company ”) announces that it has now completed a first tranche (the “ First Tranche ”) closing of its non-brokered private placement previously announced on February 23, 2026 .  Under the First Tranche, the Company has issued 4,992,545 Units for gross proceeds of $848,732.65.  The Company paid finder's fees of $1,700 in connection with the First Tranche.  All securities issued under the First Tranche are subject to a hold period expiring July 18, 2026, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange (the “ CSE ”). As the Company has received interest above the previously announced $1,700,000 maximum, the Company is increasing the Offering such that it now proposes to sell up to 14,000,000 Units (including the Units issued in the First Tranche) at a price of $0.17 per Unit to raise gross proceeds of up to $2,380,000 (the “ Offering ”).  Each Unit consists of one common share and one-half of one common share purchase warrant.  Each whole warrant will entitle the holder to purchase one common share at a price of $0.24 for a period of two years from its date of issue.