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First Tin Plc ( (GB:1SN) ) has provided an announcement.
First Tin PLC has received a non-binding Letter of Interest from the Export-Import Bank of the United States, indicating potential financing of up to US$120 million for its Taronga Tin Project in Australia. This support highlights the strategic importance of the project, which could strengthen U.S. supply chain resilience in critical minerals, as the U.S. currently lacks domestic tin production. The Taronga project, with its significant reserve base and advanced development stage, is poised to become a major supplier of tin concentrate to Western economies, aligning with EXIM’s goals under the China and Transformational Exports Program.
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 jurisdictions, leveraging its expertise in tin production to address the critical metal’s rising demand and supply shortages, particularly in Europe and North America.
Average Trading Volume: 257,822
Technical Sentiment Signal: Buy
Current Market Cap: £35.02M
For a thorough assessment of 1SN stock, go to TipRanks’ Stock Analysis page.