First Tin Plc announced that Australia's tin producer Metals X Limited has completed an on-market purchase of 60 million existing ordinary shares at a price of 4 pence per share from Clara Resources Limited. As part of the agreement, First Tin has invited Metals X to nominate two directors to the First Tin board. Therefore, Brett Smith, Executive Director of Metals X, and Peter Gunzburg, Chairman of Metals X, will join the board, effective 11 July 2024.

As such, Clara's board representative Mr. Nicholas Mather will step down as a Non-Executive Director. Mr. Mather made contribution to the board since the IPO in 2022.