First Tin Plc (GB:1SN) has released an update.
First Tin Plc, a tin production company with projects in Germany and Australia, has announced the admission of 53 million new ordinary shares to the London Stock Exchange, expanding its total voting rights to 318.5 million. The company aims to become a conflict-free tin supplier, emphasizing sustainability and ethical production in response to the increasing demand for tin, driven by global efforts to decarbonize and electrify. With significant de-risking already accomplished, First Tin’s strategic plan involves bringing two high-value, low capex tin mines into production within three years to meet the growing market needs.
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