First Tin PLC, a tin development company, has been informed that Clara Resources Limited, associated with Nicholas Mather, no longer holds a stake in the company following the sale of 60,000,000 Ordinary Shares at a price of GBX 4 pence per share on 10 July 2024. This transaction occurred while Mr. Mather still held the position of Non-Executive Director at First Tin PLC as the representative of Clara Resources Limited, of which he is also a Director.
Clara Resources Limited, represented by Nicholas Mather, a Non-Executive Director, sold its stake in First Tin PLC. The sale involved 60,000,000 Ordinary Shares at a price of GBX 4 pence per share and took place on the London Stock Exchange's Main Market on 10 July 2024.
First Tin PLC is an ethical, reliable, and sustainable tin production company 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. The company is led by a team of renowned tin specialists and aims to address the rising demand for tin, which is expected to experience sustained deficit markets for the foreseeable future due to shortages and increasing usage in decarbonization and electrification efforts.