First Tin PLC, a tin development company, announced that Metals X Limited, closely associated with two Non-Executive Directors, purchased 1,000,000 shares in First Tin at 5 pence per share. This transaction increased MetalsX Limited's beneficial interest to 22.76% of the Company's issued share capital, holding 72,500,000 Ordinary Shares. The purchase was made on the London Stock Exchange's Main Market on August 12, 2024.
Brett Smith and Peter Gunzburg, both Non-Executive Directors at First Tin, are also directors of Metals X Limited. The Company's LEI is 984500CSA7TBE3FB7C63, and the identification code for the Ordinary shares is GB00BNR45554.
First Tin PLC is 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 aims to address the rising demand and shortages of tin, which is a critical metal in the decarbonization and electrification of the world.