First Tin PLC Regulatory News (1SN)

28 August 2024

First Tin PLC

("First Tin" or "the Company")

Board Changes

First Tin PLC, a tin development company with advanced, low capex projects in Germany and Australia, announces that Ms Catherine Apthorpe and Mr Ingo Hofmaier have given notice of their intention to step down as Non-Executive Directors of the Company at the end of third quarter, effective 30 September 2024. Following the announcement of Metals X Limited's strategic stake in the Company and the appointment of its two representatives on 11 July 2024, the Board is being re-sized to better reflect the next stage of the Company's development.

First Tin CEO Bill Scotting said: 

"On behalf of my colleagues and the Board, I would like to thank Catherine and Ingo for their significant contribution to First Tin as a Non-Executive Directors since our IPO in April 2022, and wish them success with their future endeavours."

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Notes to Editors

First Tin is an ethical, reliable, and sustainable tin production company led by a team of renowned tin specialists. The Company is focused on becoming a tin supplier in conflict-free, low political risk jurisdictions through the rapid development of high value, low capex tin assets in Germany and Australia.

Tin is a critical metal, vital in any plan to decarbonise and electrify the world, yet Europe has very little supply. Rising demand, together with shortages, is expected to lead tin to experience sustained deficit markets for the foreseeable future. Its assets have been de-risked significantly, with extensive work undertaken to date.

First Tin's goal is to use best-in-class environmental standards to bring two tin mines into production in three years, providing provenance of supply to support the current global clean energy and technological revolutions.