Tivan and Sumitomo Establish Joint Venture for Speewah Fluorite Project

Tivan Limited ( (AU:TVN) ) has shared an announcement.

Tivan Limited has successfully established a joint venture with Sumitomo Corporation for the Speewah Fluorite Project in Western Australia, following the completion of all necessary conditions for the initial investment tranche. The Japan Fluorite Corporation, a subsidiary of Sumitomo, has invested $5.3 million for a 7.5% equity interest, which will fund a feasibility study for the project. Additionally, the Japan Organization for Metals and Energy Security (JOGMEC) has become a strategic equity partner, acquiring a 49% stake in JFC. This partnership marks a significant achievement for Tivan, strengthening its position in the critical minerals sector and enhancing bilateral relations between Australia and Japan.

More about Tivan Limited

Tivan Limited operates in the mineral resources industry, focusing on the development and production of critical minerals. The company is involved in projects that encompass mining and processing operations, with a market focus on exporting high-grade fluorspar and other mineral resources to global markets.

YTD Price Performance: -16.00%

Average Trading Volume: 1,199,973

Technical Sentiment Signal: Hold

Current Market Cap: A$174.7M

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