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The latest update is out from First Tin Plc ( (GB:1SN) ).
First Tin PLC announced that Charles Cannon Brookes, Non-Executive Chairman, on behalf of Arlington Group Asset Management Limited, has purchased over 4.28 million shares in the company. This transaction increases Arlington Group’s stake to 10.46% of First Tin’s issued share capital. This move reflects confidence in First Tin’s strategic direction and its potential impact on the tin market, given the company’s focus on sustainable and conflict-free tin production in politically stable regions.
More about First Tin Plc
First Tin PLC is an ethical and sustainable tin production company focused on developing high-value, low-capex tin assets in Germany and Australia. The company aims to become a key tin supplier in conflict-free, low political risk areas, addressing the critical metal’s rising demand and supply shortages in Europe and North America. First Tin plans to bring two tin mines into production within three years, supporting the global clean energy and technological revolution.
Average Trading Volume: 477,844
Technical Sentiment Signal: Buy
Current Market Cap: £40.67M
For a thorough assessment of 1SN stock, go to TipRanks’ Stock Analysis page.