REG - First Tin PLC - Letter of Interest from Export-Import Bank

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RNS Number : 1713G  First Tin PLC  05 November 2025

 

 

5 November 2025

First Tin PLC

("First Tin" or "the Company")

 

Letter of Interest from Export-Import Bank of the United States

First Tin PLC, a tin development company with advanced, low-capex projects in
Australia and Germany, announces that it has received a non-binding Letter of
Interest ("LI") from the Export-Import Bank of the United States ("EXIM"),
outlining potential financing support for the Company's Taronga Tin
Project ("Taronga") in New South Wales, Australia.

The LI indicates EXIM's capacity to consider up to US$120 million in
financing for a maximum repayment term of 12 years. The potential facility
would support development of Taronga, linked to the supply of tin concentrate
to the U.S., which currently has no domestic tin mine production.

Taronga is among the world's most advanced undeveloped tin assets, with a
large and growing reserve and resource base. Its location in a stable,
transparent jurisdiction with strong ESG standards offers clear advantages for
offtake partners seeking responsible, traceable, and conflict-free supply
chains. The project may qualify for special consideration under EXIM's China
and Transformational Exports Program (CTEP), aimed at strengthening U.S.
supply chain resilience in critical minerals.

Upon formal application, EXIM will undertake its standard due diligence prior
to issuing any final commitment, which must meet all program, legal, and
eligibility requirements.

First Tin CEO, Bill Scotting, commented:

"This Letter of Interest from EXIM is a strong endorsement of Taronga's
strategic importance and the growing recognition of tin as a critical mineral,
essential for modern technology.

"The U.S. is reliant on imported tin, yet global supply remains tight and
vulnerable to disruption. Australia is the only OECD tin-concentrate supplier,
and with the largest undeveloped tin resource base in the OECD, First Tin is
well placed to deliver secure and sustainable supply to major Western
economies.

"With a completed Definitive Feasibility Study and permitting well advanced,
Taronga is ready to become a significant, responsible supplier of this
critical mineral. This indicative support from EXIM marks an important
milestone as we progress funding discussions to bring this project into
production."

Enquiries:

 

 First Tin                                                                      Via SEC Newgate below
 Bill Scotting - Chief Executive Officer

 Arlington Group Asset Management Limited (Financial Advisor and Joint Broker)
 Simon Catt                                                                     +44 (0)20 7389 5016

 Zeus Capital Limited (Joint Broker)                                            +44 (0)20 3829 5000
 Harry Ansell / Dan Bristowe / Katy Mitchell

 SEC Newgate (Financial Communications)
 Robin Tozer / George Esmond / Gwen Samuel                                      +44 (0)7540 106366

                                                                                firsttin@secnewgate.co.uk

 

Notes to Editors

First Tin PLC 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, which have been de-risked significantly, with extensive work
undertaken to date.

 

Tin is a critical metal, vital in any plan to decarbonise and electrify the
world, yet Europe and North America have very little supply. Rising demand,
together with shortages, is expected to lead tin to experience sustained
deficit markets for the foreseeable future.

 

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 revolution.

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