Tivan and Sumitomo Forge Joint Venture for Speewah Fluorite Project

Tivan Limited ( (AU:TVN) ) just unveiled an update.

Tivan Limited has entered into a joint venture with Sumitomo Corporation to develop the Speewah Fluorite Project in Western Australia. This partnership marks a significant step for Tivan and the Australian critical minerals sector, as it aims to establish the country’s first fluorite mining and processing operation. The project is expected to strengthen supply chains in Asia and bolster trade relations between Australia and Japan. Sumitomo’s subsidiary, Japan Fluorite Corporation, will invest up to A$60.3 million for a 22.5% stake in the joint venture, with Tivan managing the project for at least five years. The initiative has received support from the Australian Government, including a cash grant and Major Project Status, highlighting its strategic importance.

More about Tivan Limited

Tivan Limited operates in the critical minerals industry, focusing on the development and processing of fluorite, a mineral used in various industrial applications including lithium-ion batteries and semiconductor manufacturing. The company aims to establish a secure supply of fluorite for Asian markets, enhancing supply chains in strategically important sectors.

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