TinOne Resources Exec Says Rising Tin Demand Drives Focus on Supply Source

Tin Investing
TinOne Resources Exec Says Rising Tin Demand Drives Focus on Supply Source

“When people are looking to get exposure to tin, there are very few companies out there, and we're one of them. So hopefully we get a bit of an uptick on that,” said Chris Donaldson, executive chairman of TinOne Resources.

With a wide range of applications for tin, it is becoming increasingly important to find sources for this critical metal in more favorable jurisdictions, according to Chris Donaldson, executive chairman of TinOne Resources (TSXV:TORC,OTCQB:TORCF,FWB:57Z0), based in Vancouver, British Columbia.

“The really interesting part is not really the demand, but on the supply side,” he said. “So 80 percent of the world's tin comes from … dubious jurisdictions — the Democratic Republic of Congo, Indonesia, Myanmar and China. And so our projects being in Australia are very coveted.”

TinOne is focused on the exploration and growth of prospective tin, tin-tungsten and lithium projects in Tasmania.

Tin is often referred to as the “forgotten” battery metal, Donaldson said. About 50 percent of consumed tin is used in solder, with very few available substitutes. The International Tin Association forecasts that tin demand growth will increase from its current long-term outlook of 2 percent to 3 to 4 percent over the next decade, driven by increased demand for electric vehicles, the energy transition and 5G connectivity.

“Right now you're seeing a strategy to get critical minerals from good jurisdictions. And so having a project in Australia is coveted,” Donaldson said. "Certainly, the narrative is shifting now — where can we find these projects in good jurisdiction? So we're fortunate to have assembled these over the last five years, and now we're starting to advance them again."

Watch the full interview with Chris Donaldson, executive chairman of TinOne Resources, above.

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