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Metals X Raises Preliminary Takeover Bid for First Tin Plc

MT Newswires·11/06/2026 07:29:00
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07:29 AM EST, 11/06/2026 (MT Newswires) -- Metals X increased its non-binding proposal for the remaining First Tin Plc (1SN.L) shares it does not own to 0.165 pound sterling per share from 0.15 pound per share, according to a Friday filing. The London-listed tin development company's board said it would be minded to recommend that shareholders accept a firm offer on the revised terms, subject to agreement on other offer conditions and the structure of a proposed distribution of First Tin's German development assets to shareholders. The UK Takeover Panel has extended the deadline for Metals X to either announce a firm offer or walk away to Nov. 20. First Tin added that there is no certainty that a transaction will be made.