First Tin PLC's Chief Executive Officer, Mr. William (Bill) Scotting, has purchased 1,000,000 shares in the company at a price of 4 pence per share. This transaction was made through the Placing announced on 10 July 2024. Following this purchase, Scotting now holds a beneficial interest in 1,500,000 Ordinary Shares, representing 0.47 per cent of the Company's issued share capital.
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 is led by a team of renowned tin specialists and aims to address the rising demand for tin, a critical metal vital in any plan to decarbonize and electrify the world.
Tin is expected to experience sustained deficit markets for the foreseeable future due to rising demand and shortages, especially in Europe where there is very little supply. The company's advanced, low capex projects in Germany and Australia are strategically positioned to contribute to the global supply of tin, addressing the critical need for this metal in the context of increasing demand and limited supply in Europe.
This purchase by the Chief Executive Officer demonstrates confidence in the company's future and its strategic direction. It also reflects the company's commitment to its tin production and development projects, as well as its potential to contribute significantly to the global supply of tin in the context of increasing demand and limited supply in Europe.