Timeline First Tin targets sustainable tin demand

TIMELINE

TARGETS SUSTAINABLE TIN DEMAND

FIRST TIN is led by an experienced team of tin specialists committed to the environmentally-sensitive, low-carbon development of advanced hard rock tin projects in conflict-free, low-political-risk jurisdictions

2025 2030

2050 2060

Production target

First Tin has raised £20mn to execute its plan to bring its two 100%-owned tin mines (Tellerhäuser Project in Saxony, Germany, and the Taronga Project in New South Wales, Australia) into production before the end of 2025.

Uses of Tin

Demand for semiconductors is surging, and the global semiconductor market is projected to double in the next five years (from approximately $400bn in 2021 to $803bn in 2028). In addition, EV sales are expected to reach 50% share by 2030.

Tin – a critical raw material

ERMA has identified tin from conflict-free sources that can be used as a critical raw material to support the EU’s intention of becoming climateneutral by 2050.

Global raw material consumption doubles

The world’s consumption of raw materials is set to nearly double by 2060 as the global economy expands and living standards rise, placing twice the pressure on the environment that we are seeing today, according to an OECD report.