REG - First Tin PLC - Board Changes

First TinAnnouncement

16/11/2023 08:15

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RNS Number : 6878T  First Tin PLC  16 November 2023

 

 

 

 

 

 

16 November 2023

First Tin Plc

("First Tin" or "the Company")

Board Changes

First Tin PLC, a tin development company with advanced, low capex projects in
Germany and Australia, is pleased to announce the appointment of Bill Scotting
to the Board of Directors as CEO, succeeding Thomas Buenger who is leaving the
Company to pursue a new business opportunity.

Bill's appointment takes effect from 1 January 2024 and a handover is
currently underway to ensure a smooth and orderly transition and a thorough
handover of responsibilities. Moreover, Thomas has agreed to make himself
available following his official departure date to assist Bill and the First
Tin team in the successful ongoing commercialisation of its two core assets.

Bill Scotting is an internationally experienced CEO and Director who has over
35 years' experience in leading global companies with extensive knowledge of
the metals and mining industry. Previously, Bill was CEO and Executive
Director of Nyrstar, a leading producer of zinc, as well as CEO of the mining
division of ArcelorMittal, a leading steel and mining company. Additionally,
Bill held the roles of Head of Strategy and Head of Performance Enhancement at
ArcelorMittal, and Head of Corporate Development at Aurubis, a leading global
provider of non-ferrous metals and one of the largest copper recyclers
worldwide. He started his career as a metallurgist with BHP in Australia and
has also been a consultant at McKinsey & Company and CRU International. He
was also a member of the World Economic Forum Global Advisory Council for
Mining & Metals.

First Tin Chairman Charlie Cannon-Brookes said: "I am delighted to welcome
Bill to the First Tin management team. He has a proven track record in the
metals and mining sector and the Board is confident that he will bring
expertise and energy to the role.

"We have an exciting future ahead and I am confident that under Bill's
leadership, First Tin is best placed to continue making strong operational
progress at both our Taronga and Tellerhäuser assets, with the objective of
becoming a material tin supplier in conflict-free, low political risk
jurisdictions.

"On behalf of the Board, I would like to sincerely thank Thomas and
acknowledge his significant contribution to First Tin since IPO. The handover
of the CEO role has been executed in a professional and well orchestrated
manner and we wish him all the best in the future."

The Company confirms that there is no information required to be disclosed
pursuant to paragraph 9.6.13 of the UK Listing Rules.

Enquiries:

 

 First Tin                                                                      Via SEC Newgate below
 Ross Ainger - Non-Executive Director / Company Secretary
 Arlington Group Asset Management Limited (Financial Advisor and Joint Broker)

 Simon Catt                                                                     020 7389 5016

 WH Ireland Limited (Joint Broker)
 Harry Ansell                                                                   020 7220 1670

 SEC Newgate (Financial Communications)
 Elisabeth Cowell / Molly Gretton                                               FirstTin@secnewgate.co.uk

 

Notes to Editors

First Tin is an ethical, reliable, and sustainable tin production company led
by a team of renowned tin specialists. 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 Germany and
Australia.

Tin is a critical metal, vital in any plan to decarbonise 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. Its assets have been de-risked significantly, with
extensive work undertaken to date.

First Tin's goal is to use best-in-class environmental standards to bring two
tin mines into production in three years, providing provenance of supply to
support the current global clean energy and technological revolutions.

 

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