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First Tin PLC - London-based tin development company with projects in Germany and Australia - Signs a non-binding memorandum of understanding with ERF, a ‘market leader’ in the collection, recycling, production and distribution of resources for battery systems. The agreement intends to jointly establish a fully integrated mine-to-metal value chain at its 100% owned Tellerhauser project in Germany.
Chief Executive Thomas Buenger says: ‘Our Tellerhauser and Taronga Projects have exciting near term production potential, and this agreement represents a positive step towards commercialising our strategically located assets. ERF has the potential to become an offtake partner to First Tin and together, we have an opportunity to establish the first fully integrated 'mine to metal' value chain in Germany and Saxony.’
Current stock price: 19.00 pence, down 1.3% in London
12-month change: down 37%
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