London Stock Exchange Welcomes First Tin plc to the Main Market

First Tin (LSE: 1SN) 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.

The fundraising raised gross proceeds of £20m for First Tin, which will have a market cap on admission of approximately £80m based on the offer price of 30p per share. The total number of Ordinary Shares in issue immediately following Admission is 265,534,972 and this is the total number of Ordinary Shares with voting rights in the Company.

The net proceeds will primarily be used to execute key development milestones in line with its plan to bring two 100% owned tin mines into production before the end of 2025 so that it can provide provenance of supply to support the current global clean energy and technological revolutions. With a consistent global supply deficit, there is a critical need to create new, environmentally sensitive sources of tin production because of its vital role in the electric vehicle, renewable energy, energy storage, mobile telephony and semi-conductor sectors.

Quick facts

Market: Main Market
Instrument market cap (£m)
Listing/Admission to trading
08 Apr 2022

Thomas Buenger, Chief Executive Officer said:

“The successful fundraise and move onto the London Stock Exchange Main Market is an exciting landmark for First Tin. The sector is currently experiencing a significant increase in demand for tin, despite a consistent supply deficit and decrease in global tin inventory. We believe that our status on the Main Market will enable us to access the capital required to accelerate the development of our two tin projects in order to supply fully traceable and verifiable tin units into fast-growth global industries.

I would like to take this opportunity to thank our team and recent investors for their support so far. I look forward to moving into this exciting new chapter with them all.”

Arlington Group Asset Management Limited – Financial Advisor and Joint Broker

WH Ireland Limited – Joint Broker

SEC Newgate - Financial PR

Looking for new and recent issues?

More recent

London Stock Exchange welcomes The Arab Federation of Capital Markets.

  General Overview 

The Arab Federation of Capital Markets (AFCM) is the Arab industry group for Exchanges and Clearing houses, and Financial Institutions around the Arab regions. It was established in 1978 to be the guiding body for the Arab Stock Exchanges, under the recommendation of the Arab Central Ban

Learn more
London Stock Exchange welcomes EnSilica plc to AIM

EnSilica is a designer and supplier of mixed signal ASICs (Application Specific Integrated Circuit). ASICs are Integrated Circuits or semiconductor chips developed for a particular use or product rather than for general purpose usage.  ASICs help differentiate products through optimised hardware making products smaller, faster, lower power, improved security, add

Learn more
London Stock Exchange Group welcomes The Future Investment Initiative Institute, celebrating the launch of the FII regional summit “Inclusive ESG for Emerging Markets”

The Future Investment Initiative (FII) Institute is a new global nonprofit foundation with an investment arm and one agenda: Impact on Humanity. Global, inclusive and committed to ESG principles, the FII Institute fosters great minds from around the world and turn ideas into real-world solutions in four critical areas: AI and Robotics, Education, Healthcare and Sustainability. The FII Institute

Learn more
European Assets Trust PLC celebrates 50 years.

This year, European Assets Trust PLC celebrates its fiftieth anniversary since launch in May 1972. The Company was created in 1972 following the acquisition of a Dutch investment company ‘Mijbeb NV’ by a consortium of United Kingdom institutional investors and the appointment of a predecessor of BMO Investment Business Limited as its Manager.

Initially the Company was listed solely on

Learn more