Northwire Canada EditionThursday, July 16, 2026
Sign inSubscribe
Northwire
⌕
CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6% CLCH 1.17 −4.1% DG 0.035 +0.0% SGML 15.86 −6.0% FURY 0.730 −2.7% CG 22.11 −1.9% ARIS 20.18 −1.1% LAF 1.65 +0.0% MKO 10.18 −2.2% NUG 0.330 −1.5% SGN 0.250 −5.7% AVL 7.99 −0.4% ELE 22.14 −2.7% TRX 1.03 −7.2% PTM 1.83 +0.6% OMM 0.050 −9.1% CBG 0.300 −1.6%
Production / Operations

First Tellurium pitches its wares, denies any bad news

By The Northwire Desk — AI Analysis Feb 11, 2026 · 17:43 FTEL · 0.165 First Tellurium Corp
FTEL · Price

Executive Summary

  • First Tellurium Corp. issued a statement addressing recent downward pressure on its share price, denying any negative fundamental changes or undisclosed bad news.
  • The company highlighted ongoing progress with its subsidiary, PyroDelta Energy Corp, specifically regarding the development of thermoelectric technology for drone applications.
  • PyroDelta is preparing to showcase a drone design utilizing tellurium-based thermoelectric technology at the U.S. Department of Defense's DARPA Heavy Lift Challenge later this year.

Key Details

  • Share Price Context: The statement was issued in response to emails and calls from concerned shareholders regarding recent pressure on the company's share price.
  • Management Stance: CEO Tyrone Docherty stated there are "no fundamental changes within the company that warrant a drop in the price of our stock."
  • PyroDelta Energy Corp Focus:
    • The subsidiary is focused on drone technology.
    • The drone design is built around tellurium-based thermoelectric technology that captures waste heat from the drone engine to provide supplemental power.
    • The company believes this design will be highly competitive and introduce technology advantages to the drone industry and U.S. government.
  • DARPA Participation: PyroDelta is entering the U.S. Department of Defense's DARPA Heavy Lift Challenge later this year.
  • Manufacturing Opportunities: PyroDelta is pursuing revenue streams based on its proprietary capillary casting manufacturing process.
  • Future Outlook: The company expects to announce news regarding manufacturing opportunities in the thermoelectric sector in the near future.
  • Market Interest: First Tellurium continues to receive inquiries from industry, media, and government representatives as awareness of the thermoelectric technology grows.

Notable Quotes

  • "There are no fundamental changes within the company that warrant a drop in the price of our stock," said First Tellurium president and chief executive officer Tyrone Docherty.
  • "We are entering the DARPA contest with a drone design built around the tellurium-based thermoelectric technology that captures waste heat from the drone engine and uses it to provide supplemental power," said Mr. Docherty.
  • "We have also identified manufacturing opportunities to serve the thermoelectric sector, and we expect to have news on this in the near future."
Read the original news release →

More from First Tellurium Corp

May 21, 2026 · 08:00

First Tellurium Media Push Fails to Sustain Rally as DARPA Results Await

Other May 15, 2026 · 08:00

Pre-revenue tech firm rallies on media hype and DARPA entry

Production / Operations May 13, 2026 · 08:00

First Tellurium Eyes AI Data Center Heat Recovery as PyroDelta Tech Gains Traction

Other May 06, 2026 · 08:01

First Tellurium Tech Validated by IEEE Amidst DARPA Push

Other May 05, 2026 · 08:00

First Tellurium Advances DARPA Drone Entry as Stock Consolidates Near Lows

Production / Operations Mar 25, 2026 · 16:30

First Tellurium Closes Second Tranche of Dilutive Financing as PyroDelta Tech Remains in Pre-Revenue Limbo

Financings