1SN First Tin Plc

10 July 2024

First Tin PLC

("First Tin" or "the Company")

Result of Placing and

Notice of General Meeting and Posting of Circular

First Tin PLC, a tin development company with advanced, low capex projects in Australia and Germany, is pleased to announce that, further to the announcement made at 4.30 p.m on 10 July 2024 (the "Launch Announcement"), the Company has conditionally raised c.£2.1 million (before expenses) pursuant to a placing of 53,000,000 new ordinary shares of £0.001 each  in the capital of the Company ("Ordinary Shares") (the "Placing Shares") at a price of 4 pence per Ordinary Share (the "Issue Price").

The Placing was conducted by way of an accelerated book build process.

Arlington Group Asset Management ("Arlington") acted as Financial Advisor and Joint Broker in connection with the Placing alongside W H Ireland Limited ("WH Ireland") who acted as Joint Broker and Bookrunner.

The net proceeds of the Placing (the "Fundraise") will be used to deliver the following workstreams, as well as for general working capital purposes:

·      completion and submission of the ongoing Environmental Impact Statement ("EIS") and the final permitting processes at Taronga, Australia

·      to progress a number of sampling programmes at Taronga; and

·      progression of permitting at Tellerhäuser, Germany

Notice of General Meeting and Posting of Circular

The Fundraise is conditional, amongst other things, on the approval by Shareholders of resolutions to be proposed at a general meeting of the Company which is to be convened on 29 July 2024 (the "General Meeting") to approve the issue of the Placing Shares on a non pre-emptive basis (the "Resolutions"), the Admission of the Placing Shares and the Placing Agreement not having been terminated. A circular (the "Circular") containing details of the Fundraise and a notice of the General Meeting in respect of the Fundraise, is expected to be posted to Shareholders on 12 July 2024.  The Circular will also be available on the Company's website www.firsttin.com.

The General Meeting will be held at the offices of First Tin PLC at First Floor, 47-48 Piccadilly, London W1J 0DT at 9:00 a.m. (BST) on 29 July 2024.

Subject (amongst other things) to all Resolutions being passed at the General Meeting, it is expected that Admission will become effective and dealings in the New Ordinary Shares will commence on the Main Market at 8 a.m. on 31 July 2024.

Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in the Company's announcement made on 10 July 2024, unless the context requires otherwise.

Enquiries:

Notes to Editors

First Tin PLC 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, which have been de-risked significantly, with extensive work undertaken to date.

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.

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.