First Tin Plc announces Board Changes

6 September 2023. First Tin PLC ("First Tin" or "the Company" - https://www.commodity-tv.com/ondemand/companies/profil/first-tin-ltd/), a tin development company with advanced, low capex projects in Germany and Australia, is pleased to announce the appointment of Ross Ainger to its Board as a Non-Executive Director with immediate effect. He will replace Seamus Cornelius, who is stepping down from the Board with immediate effect to pursue other opportunities. Ross will act as Chairman of the ESG Committee and as a member of the Audit/Risk and Remuneration/Nominations Committees.

Ross, who has been Company Secretary since March 2022, has worked as an independent corporate consultant since January 2020, advising public, private and FCA Authorised and Regulated firms on a variety of different mandates. He previously worked at Arlington Group Asset Management Limited, a commodities focused investment management, corporate finance and advisory business; Merrill Lynch Investment Managers; Deutsche Bank and Reuters. In addition he has been a non-executive director of a London Stock Exchange listed acquisition company, an FCA regulated corporate finance firm, a Guernsey domiciled commodities fund and a commercial property investment vehicle. Ross will continue as Company Secretary in addition to his new role as Non-Executive Director.

First Tin CEO Thomas Buenger said: “We are delighted to welcome Ross to the Board as a Non-Executive Director. With his existing extensive knowledge of the business, I have no doubt he will be of great value to the Board going forward and we look forward to his ongoing contribution to First Tin.

“On behalf of my colleagues, I would also like to thank Seamus for his contribution to First Tin as a Non-Executive Director since our IPO in April 2022.”

Enquiries:

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.