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

Climate Investment Coalition Opens London Stock Exchange for the launch of Climate Investment Summit 2022 alongside London Climate Action Week

Climate Investment Coalition opened the London Stock Exchange to launch the flagship event at London Climate Action Week 2022, Climate Investment Summit, focusing on accelerating climate investments by 2030.

The Climate Investment Summit, taking place in partnership with FTSE Russell, is a unique and leading global forum for the practice of financing and investing in global climate so

Learn more
Turquoise Global Holdings Limited and Plato Partnership Celebrate the Continued Success of Turquoise Plato™

London Stock Exchange Group welcomed yesterday Turquoise Global Holdings Limited and Plato Partnership for a Market Close Ceremony to celebrate the successful growth of our Turquoise Plato™ innovations designed in partnership with the industry.

Following a Cooperation Agreement with Plato Partnership in 2016, Turquoise rebranded its non-displayed services as Turqu

Learn more
London Stock Exchange celebrates Leverage Shares 42 new ETP listings.

Leverage Shares has expanded its range of offerings to 183 ETPs, making up almost 9% of all ETP ISIN listings on London Stock Exchange’s Main Market.

The new listings include short & leverage exposures to -

Single-stock short & leveraged offer has been expanded to include popular stocks from Korea (Coupang), Europe (ASML, VW) and some US to complete the 3x/-3x range.

Learn more
London Stock Exchange Group welcomes Tech Nordic Advocates

London Stock Exchange Group (LSEG) today welcomes Tech Nordic Advocates, Northern Europe’s largest tech/startup ecosystem and women-in-tech community, in today’s ceremony in conjunction with our joint "Scaling Diverse and Inclusive Tech Businesses Internationally" event.

"Scaling Diverse and Inclusive Tech Businesses Internationally" took place on 16th June 2022 during London Tech Wee

Learn more