Deal facts
- Buyer
- Metals X Limited
- Target
- First Tin PLC
- Deal value
- Not disclosed
- Announced
- 9 October 2026
- Status
- Firm intention
- Sector
- Other
- Country
- United Kingdom
- Consideration
- cash
Sources
Metals X Limited has agreed to acquire First Tin PLC in a strategic acquisition. The transaction, announced on 9 October 2026, involves the Australian buyer purchasing the British target company. The consideration for the deal is structured as cash. No specific monetary value for the transaction has been disclosed in the available reports. The target company is based in the United Kingdom, while the acquiring entity is located in Australia. The sector classification for this deal is recorded as Other. As the completion date is not yet reported, the process remains in progress. The current status of the transaction is classified as a possible offer. This indicates that the deal is not yet finalised and may be subject to further conditions or regulatory reviews before it can proceed to completion. The parties have not provided additional details regarding the specific terms or the timeline for closing the agreement.
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1 update- Firm intention
Statement regarding a possible offer
Rule 2.7 of the Code. there can be no certainty that an offer will be made, nor as to the terms of any such offer. 9 October 2026 Statement regarding a possible offer for First Tin PLC (“First Tin”) Metals X Limited (“ Metals X ”) notes the recent announcement by First Tin and confirms that Metals X submitted a preliminary, non-binding indicative cash offer to acquire the entire iss
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Buyer history
Metals X Limited
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