First Tin
First Tin is a London-listed (LSE: 1SN) tin mining and development company operating two advanced projects in Australia and Germany with 368,000+ tonnes of contained tin resources, targeting 10,000 tonnes of annual conflict-free, traceable tin production for electronics, solar PV, and EV manufacturers.
- Company typePublic
- Founded2012
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingHardware or Manufacturing
What First Tin does
First Tin plc is a London-listed tin mining and development company (LSE: 1SN) operating two advanced tin projects in Tier 1 OECD jurisdictions: the Taronga Tin Project in New South Wales, Australia (held through wholly-owned Taronga Mines Pty Ltd, acquired at the 2022 IPO), and the Tellerhäuser Tin Project in Saxony, Germany (held through wholly-owned Saxore Bergbau GmbH, acquired in 2013). The portfolio is supplemented by the Gottesberg satellite orebody and the Auersberg exploration project. Combined assets represent the world's second-largest undeveloped tin resources outside China, with 368,000+ tonnes of contained tin and a target production capacity of approximately 10,000 tonnes per year once both projects are operational.
The company's core technology is conventional mineral processing: simple tin mineralogy amenable to crushing and gravity separation. Tellerhäuser benefits from pre-existing underground infrastructure (180,000m of development, 500m of internal shafts, and a 7.8km main adit) that reduces surface footprint and capital intensity. Project economics at US$30,000/t tin pricing show Taronga DFS economics of $176M capex, 34% pre-tax IRR, and $243M NPV8, and Tellerhäuser scoping study economics of $49M capex, 58% pre-tax IRR, and $264M NPV8, with a combined NPV8 of approximately US$500M against US$263M of combined development capex. The Rittersgrün Mining Licence is valid until 2070.
The business model is direct B2B sales of tin commodity (priced at LME-referenced market rates) to industrial consumers in electronics, semiconductor, solar PV, and EV manufacturing once production commences. The company is pre-revenue and currently in the development and permitting phase. Ownership is anchored by Metals X Limited (29.95%), with Baker Steel Resources Trust (9.92%) and Sparta Invest AG (5.84%) as other significant shareholders. Capital raised to date includes a July 2024 Metals X-led round of approximately GBP 2.7M and an October 2024 capital raise of approximately US$10.3M. Leadership is headed by CEO Bill Scotting (former CEO of Nyrstar and ArcelorMittal Mining), with a board and management team combining over 150 years of mining industry experience. The company is a member of the International Tin Association and a qualified candidate for European Raw Material Alliance (ERMA) funding.
First Tin firmographics
Firmographics- Name
- First Tin
- Legal name
- First Tin plc
- Website
- https://firsttin.com
- Company type
- Public
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- First Tin is a London-listed (LSE: 1SN) tin mining and development company operating two advanced projects in Australia and Germany with 368,000+ tonnes of contained tin resources, targeting 10,000 tonnes of annual conflict-free, traceable tin production for electronics, solar PV, and EV manufacturers.
- Ownership category
- akta.pro rank
Where First Tin is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
First Tin business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Operations, Personnel, Supply Chain, Others
Revenue model
- Tin Production Sales: Pre-revenue development-stage company. Revenue will be generated from direct sales of mined tin product to industrial consumers once production commences. Tin is sold as a commodity at market prices (LME referenced).
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
First Tin product offering
Product offeringCore offering
First Tin is a tin mining and development company advancing two flagship tin projects — Taronga in New South Wales, Australia and Tellerhäuser in Saxony, Germany — along with satellite deposits Gottesberg and Auersberg. Once in production, the company will sell traceable, conflict-free tin concentrate directly to industrial consumers in electronics, solar PV, EV, and clean-technology sectors, with combined target output of approximately 10,000 tonnes of tin per year.
Product overview
First Tin is a tin mining and development company with two advanced tin projects in Australia and Germany. The company's product portfolio consists of tin mining projects: Taronga in Australia (acquired 2022, DFS complete) and Tellerhäuser in Germany, supported by satellite projects Gottesberg and Auersberg. First Tin's offering is ethically and reliably sourced tin for industrial consumers in clean energy and technology sectors, not a software platform. Combined, the assets represent the world's second largest undeveloped tin resources outside China with over 368,000 tonnes of contained tin and a clear path to producing up to 10,000 tonnes annually.
Differentiator
Problem solved
Functional benefit
Products and services
- Taronga Tin Project
- Tellerhäuser Tin Project
- Gottesberg Tin Project
- Auersberg Exploration Project
Quantifiable outcome
- Target production of 10,000 tonnes of tin annually
- +3 more outcomes
Companies that use First Tin
Customer profileSegments4 records
Ideal customer profiles3 records
First Tin technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature2 records
First Tin partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and moderate.
- International Tin Association (ITA)coreFirst Tin is a member of the International Tin Association (ITA), which supports the global tin industry and leads innovation in tin research and application. The company contributes to a more sustainable future for the industry through responsible mining.
- Crowe UK LLPcoreAuditor to First Tin. Located at 55 Ludgate Hill, London EC4M 7JW.
- European Raw Material Alliance (ERMA)moderateFirst Tin is a qualified candidate for ERMA funding and support. ERMA has identified tin from conflict-free sources as a critical raw material to support the EU's intention of becoming climate-neutral by 2050.
Scale indicators7 records
Recent moves8 records
Expansion highlights5 records
First Tin competitors and assessment
Company assessmentBroad incumbents
- Minsur S.A. Peru's largest tin miner and one of the world's top three primary tin producers (San Rafael mine, Pisco smelter). Comparable as a vertically integrated primary tin producer serving global solder and industrial markets.
- Yunnan Tin Group (YTC): China's largest and the world's largest refined tin producer, controlling a significant share of global primary tin output. Establishes the supply-side competitive benchmark and price leadership context for First Tin's market entry.
- PT Timah Tbk: Indonesian state-linked tin miner and the world's largest integrated tin producer. Sets the marginal global tin price and supply benchmark that defines First Tin's competitive landscape.
Direct peers
- Elementos Limited: ASX-listed tin developer advancing the Cleveland tin project in Tasmania and Oropesa in Spain. Closely comparable stage (DFS-stage tin developer) and end-market focus on ethical tin supply.
- Metals X Limited: Metals X is Australia's largest listed primary tin producer and First Tin's largest shareholder (~29.95%). Directly comparable as a tin-focused miner with Australian assets, providing operational template and potential consolidation path for First Tin.
- Stellar Resources Limited: ASX-listed explorer/developer focused on the Heemskirk tin project in Tasmania, one of the largest undeveloped tin resources in Australia. Comparable as a tin-focused junior developer targeting conflict-free supply.
Emerging players
- Aus Tin Mining Limited: ASX-listed junior historically developing tin and cobalt assets in NSW, Australia. Comparable as a small-cap tin-focused junior in a similar Australian/New England tin belt context.
- Tin One Resources: Junior tin explorer with assets in Germany and Australia (historic tin districts). The geographic overlap with First Tin's Saxony assets makes this a directly comparable early-stage tin peer.
- Kasbah Resources Limited: Junior tin developer historically focused on the Achmmach tin project in Morocco. Comparable as a tin-only development play targeting OECD-grade supply chains.
Regional players
- Malaysia Smelting Corporation Berhad: MSC is a major tin smelter/producer and key Straits Trading Group subsidiary. Comparable as a primary tin metal producer serving industrial consumers with comparable end-market exposure.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
First Tin social profiles
Digital presenceFirst Tin financial estimates
Financial estimateRevenue estimate
Valuation estimate
First Tin leadership team
Management profileNumber of profiles
Profiles10 records
First Tin subsidiaries and ownership
Company hierarchySubsidiaries2 records
First Tin funding detail
Funding detailFunding overview
Funding rounds3 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
First Tin M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about First Tin
What does First Tin do?
First Tin is a tin mining and development company advancing two flagship tin projects — Taronga in New South Wales, Australia and Tellerhäuser in Saxony, Germany — along with satellite deposits Gottesberg and Auersberg. Once in production, the company will sell traceable, conflict-free tin concentrate directly to industrial consumers in electronics, solar PV, EV, and clean-technology sectors, with combined target output of approximately 10,000 tonnes of tin per year.
Is First Tin a public or private company?
First Tin is a public company. It is classified as public and is currently operating.
When was First Tin founded?
First Tin was founded in 2012. It employs 1 to 10 people.
Where is First Tin based?
First Tin is headquartered in London, United Kingdom, in the Europe region.
How does First Tin make money?
One revenue line is on record: tin Production Sales.
Who are First Tin's main competitors?
Broad incumbents on record are Minsur S.A., Yunnan Tin Group (YTC) and PT Timah Tbk. Direct peers are Elementos Limited, Metals X Limited and Stellar Resources Limited. Emerging players are Aus Tin Mining Limited, Tin One Resources and Kasbah Resources Limited. Malaysia Smelting Corporation Berhad is listed as a regional player.
Does First Tin have an API?
No public API is recorded for First Tin.