REG - First Tin PLC - Tellerhäuser Permitting Process Update

First TinAnnouncement

05/06/2023 07:00

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RNS Number : 5450B  First Tin PLC  05 June 2023

 

 

 

 

 

 

 

 

 

5 June 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
Company has submitted the complete documentation for its mine permit
application to the Saxonian Mining Authority for its 100% owned Tellerhäuser
tin project in Germany, with a decision expected prior to the end of Q3 2024.

 

 

First Tin CEO Thomas Buenger said, "This submission to the authorities is an
important next step in advancing our mining activities at our Tellerhäuser
asset. The application describes in detail our plan to build a tin mine which
sets a new standard for mining operations worldwide in terms of
sustainability. We look forward to updating shareholders with further progress
on permitting once this procedure has been completed and, in the meanwhile, we
are focused on building additional value in the asset with an updated JORC
compliant Resource, which is expected in the coming months."

 

 

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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