First Tin PLC Tellerhäuser Permitting Process Update (5450B)
June 05 2023 - 1:00AM
UK Regulatory
TIDM1SN
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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END
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