First Tin Plc

1SN

Equity

ISIN GB00BNR45554 / Valor 113041030

LSE London Stock Exchange, SETS (2026-06-03)

GBP 0.13+1.19%

First Tin Plc
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About company

First Tin Plc is a tin development company with operations in Germany and Australia, focusing on the rapid development of high-value, low capital expenditure tin assets. The company aims to supply tin from conflict-free and politically stable regions. It is led by a team of specialists with extensive experience in metallurgy, corporate consultancy, and financial management. The company's projects are designed to be sustainable and efficient, leveraging advanced technologies and methodologies in tin extraction and processing. First Tin Plc's strategic approach includes minimizing political and operational risks while ensuring ethical and reliable production practices.

Summarized from source with an LLMView SourceSector: Energy

Reporting period

These figures relate to First Tin Plc’s interim results for the six months to 31 December 2024 (period 1 July 2024 – 31 December 2024; includes the quarter ended 31 December 2024).

Headline result

Loss for the period: £909,879. Total comprehensive loss: £2,007,963 (includes foreign exchange translation loss of £1,098,084). Basic and diluted loss per share: 0.27 pence.

Balance sheet

Net assets: £45.23m (30 June 2024: £37.88m). Non‑current assets: intangible E&E assets £35.33m and property, plant & equipment £2.33m.

Cash and financing

Cash and cash equivalents at 31 Dec 2024: £8.36m (30 June 2024: £1.35m). The company raised equity during the period (plcs of ~£2.1m in July and ~£8.0m in October/November before expenses) with net proceeds from issuances of £9.35m noted in the cash flow.

Cash flows & operating spend

Net cash used in operating activities: £0.99m. Net cash used in investing activities: £1.35m (primarily capitalised additions to E&E: £1.31m). Financing cash inflow: £9.35m, producing a net cash increase of £7.01m for the period.

Going concern & outlook

Directors state the Group has sufficient working capital for at least 12 months from signing the financial statements based on projections. Planned 2025 work includes completion/submission of the Taronga EIS, drilling and metallurgical optimisation, MRE work in Germany and evaluation of project financing.

Other notable items

Company remains pre‑revenue and focused on development; translation reserve moved to a £1.93m deficit due to FX movements. No impairment indicators were recognised on E&E assets; directors continue to monitor funding and project milestones closely.

Summarized from source with an LLMView Source

Key figures

113%1Y

70.0%3Y

%5Y

Performance

72.1%1Y

63.6%3Y

61.9%5Y

Volatility