First Tin PLC held a General Meeting, where all resolutions related to the recently announced Fundraising were successfully passed by shareholders. The detailed results of the voting indicate overwhelming support for the resolutions. As a result, the admission will become effective, and dealings in 53,000,000 new ordinary shares will commence on the Main Market at 8 a.m. on 1 August 2024.
The company's Chief Executive Officer, Bill Scotting, expressed the company's satisfaction with the outcome of the General Meeting. The company's financial advisor and joint broker, Arlington Group Asset Management Limited, and joint broker, Zeus Capital Limited, were listed as contacts for further inquiries.
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. The company is rapidly developing high value, low capex tin assets in Germany and Australia, which have been significantly de-risked. The company's strategic focus aligns with the increasing demand for tin, a critical metal vital in the global decarbonization and electrification efforts. Europe's limited supply and the expected sustained deficit markets for tin in the foreseeable future further underscore the company's strategic positioning in the market.