First Tin Plc ( (GB:1SN) ) just unveiled an update.
First Tin PLC announced that Charles Cannon Brookes, the Non-Executive Chairman, acting on behalf of Arlington Group Asset Management Limited, has purchased 965,000 shares at 5.0 pence each, increasing Arlington’s stake to 10.77% of the company’s issued share capital. This transaction highlights confidence in First Tin’s strategic direction and its potential impact on the tin market, especially given the expected sustained deficit in tin supply due to rising demand for decarbonization and electrification.
More about First Tin Plc
First Tin PLC is an ethical tin production company focused on developing low capex tin assets in Germany and Australia. The company aims to become a leading tin supplier in conflict-free, low political risk areas, leveraging high-value projects that have been significantly de-risked. Tin is crucial for decarbonization and electrification, and First Tin seeks to address the supply shortage in Europe and North America by bringing two tin mines into production within three years.
YTD Price Performance: -3.51%
Average Trading Volume: 302,595
Technical Sentiment Signal: Buy
Current Market Cap: £24.85M
For a thorough assessment of 1SN stock, go to TipRanks’ Stock Analysis page.