First Tin PLC Stake Increased by Metals X Limited

First Tin Plc (GB:1SN) has released an update.

First Tin PLC, a company working on advanced tin development projects in Germany and Australia, has reported that Metals X Limited, associated with two of its Non-Executive Directors, has acquired 1,000,000 shares at 5.5 pence each. This transaction increases Metals X Limited’s stake to 23.07% of First Tin’s issued share capital. The company aims to leverage its ethical and sustainable practices to address the growing tin demand and shortage by bringing two mines into production within three years.

For further insights into GB:1SN stock, check out TipRanks’ Stock Analysis page.