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Tivan Limited ( (AU:TVN) ) has provided an announcement.
Tivan Limited has signed a Memorandum of Understanding with Sumitomo Corporation for the collaborative development of the Sandover Fluorite Project in the Northern Territory. This agreement marks the second collaboration between the two companies, highlighting a strong strategic relationship and advancing Tivan’s position in the emerging fluorite sector in Australia. The project aims to support the production of metspar and acid-grade fluorspar, which are critical for sectors like lithium-ion batteries and semiconductor manufacturing. The agreement is expected to strengthen bilateral relations between Australia and Japan in critical minerals, with Tivan progressing towards defining a fluorite deposit to support mining operations.
More about Tivan Limited
Tivan Limited, headquartered in Darwin, operates in the mining industry with a focus on developing high-grade fluorite projects in Australia. The company has been enhancing its project facilitation capabilities in the Northern Territory and has acquired significant fluorite resources, aiming to produce metspar and acid-grade fluorspar.
YTD Price Performance: -16.00%
Average Trading Volume: 1,199,973
Technical Sentiment Signal: Hold
Current Market Cap: A$174.7M
For detailed information about TVN stock, go to TipRanks’ Stock Analysis page.