First Tin PLC’s Chairman Increases Stake, Signaling Confidence in Strategic Direction

First Tin Plc ( (GB:1SN) ) has provided an update.

First Tin PLC announced that Charles Cannon Brookes, the Non-Executive Chairman, on behalf of Arlington Group Asset Management Limited, purchased 2,000,000 shares in the company at 5.0 pence per share. This transaction increases Arlington Group’s beneficial interest to 11.21% of the company’s issued share capital. This move reflects confidence in First Tin’s strategic direction and its potential impact on the tin market, especially given the anticipated sustained deficit markets due to rising demand and limited supply.

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 leading tin supplier in conflict-free, low political risk areas, addressing the critical metal shortages in Europe and North America. With an emphasis on best-in-class environmental standards, First Tin plans to bring two tin mines into production within three years to support global clean energy and technological advancements.

YTD Price Performance: 3.07%

Average Trading Volume: 346,260

Technical Sentiment Signal: Sell

Current Market Cap: £26.55M

Learn more about 1SN stock on TipRanks’ Stock Analysis page.