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REG - First Tin PLC - Tellerhäuser Permitting Process Update

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RNS Number : 1731U  First Tin PLC  27 March 2023

 

 

 

 

 

 

 

 

 

 

27 March 2023

First Tin Plc

("First Tin" or "the Company")

Tellerhäuser Permitting Process Update

 

 

First Tin Plc ("First Tin"), a tin development company with advanced, low
capex projects in Germany and Australia, is pleased to announce that the
Saxonian Mining Authority has reviewed the Company's plans for its 100% owned
Tellerhäuser project in Germany and confirmed the asset's eligibility to move
straight to the construction and operational permitting process. This reduces
the overall permitting timeframe by a period of up to 12-18 months.

 

This decision was made due to the minimal environmental footprint that the
project is anticipated to have throughout both the construction and production
phases. First Tin has developed a plan for Tellerhäuser which will ensure
that it has minimal impact on nature and the environment, in line with its
ambition to deliver an ESG compliant source of tin to meet rising demand for
this critical metal in Europe and beyond.

 

First Tin CEO Thomas Buenger said, "This approval from the authorities is a
welcome step in advancing our mining activities at our Tellerhäuser asset and
is testament to our early-stage commitment to best-in-class environmental
responsibility. There is a critical need for ESG and conflict-free sources of
tin and we believe this represents a strong endorsement of our project and its
future benefits from the mining authorities.

 

"We are progressing well towards the completion of the definitive feasibility
studies and permitting processes at both our assets and look forward to
keeping shareholders updated with further progress as we bring the projects
into production in a timely manner."

 

 

Enquiries:

 

 

 First Tin                                                                      Via SEC Newgate below
 Thomas Buenger - Chief Executive Officer
 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                                               07900 248 213

 

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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