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An announcement from Tivan Limited ( (AU:TVN) ) is now available.
Thor Energy has received a A$2.25 million cash completion payment from Tivan Limited for the sale of its interest in the FRAM Joint Venture, which holds the Molyhil tungsten, molybdenum and copper project in Australia, following satisfaction of all conditions precedent. The deal will deliver a total of A$6.56 million to Thor, including three annual deferred payments of A$1.31 million each from September 2026 to September 2028, providing a significant non-dilutive boost to its balance sheet that management says will help accelerate work on its HY-Range natural hydrogen and helium project and advance its retained Alford East copper-gold assets, reinforcing the company’s strategic pivot toward energy-transition commodities.
The most recent analyst rating on (AU:TVN) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on Tivan Limited stock, see the AU:TVN Stock Forecast page.
More about Tivan Limited
Thor Energy Plc is an exploration-focused company targeting hydrogen and helium, which it positions as critical to the transition to a clean energy economy, and also holds a portfolio of uranium and other energy metals projects. Its asset base includes the HY-Range natural hydrogen and helium project and copper interests such as an 80% stake in the Alford East Copper-Gold portfolio in South Australia, as well as a 20% interest in in-situ leach copper specialist EnviroCopper Limited.
YTD Price Performance: 20.0%
Average Trading Volume: 3,451,736
Technical Sentiment Signal: Buy
Current Market Cap: A$745.4M
See more data about TVN stock on TipRanks’ Stock Analysis page.