First Tin PLC's Chief Executive Officer, Mr. William (Bill) Scotting, has purchased 200,000 shares in the company at a price of GBP 4.54 pence per share. Following this transaction, Scotting now holds a beneficial interest in 200,000 Ordinary Shares, representing 0.075 per cent of the Company's issued share capital.
First Tin PLC is a tin development company with advanced, low capex projects in Germany and Australia. The company 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 these countries. The company is led by a team of renowned tin specialists and is committed to ethical, reliable, and sustainable tin production.
Tin is a critical metal, vital in any plan to decarbonize and electrify the world, yet Europe has very little supply. Rising demand, together with shortages, is expected to lead tin to experience sustained deficit markets for the foreseeable future. This makes First Tin's projects in Germany and Australia strategically important in addressing the rising demand for tin.
The purchase of shares by the Chief Executive Officer demonstrates confidence in the company's future prospects and its ability to contribute to the global demand for tin. This transaction also reflects the CEO's commitment to the company's vision and strategic objectives.