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Tivan Limited ( (AU:TVN) ) just unveiled an update.
Tivan Limited has acquired 100% of the Molyhil Tungsten-Molybdenum Project, strategically located near its Sandover Fluorite Project in the Northern Territory. This acquisition, valued at $8.75 million, aims to create a high-value critical minerals precinct, leveraging existing relationships and infrastructure to expedite development. The project, with a significant mineral resource estimate, aligns with Tivan’s mission to diversify its portfolio and capitalize on favorable commodity price trends. The acquisition is expected to enhance Tivan’s industry positioning by mitigating geological risks and fostering long-term project development, benefiting shareholders and stakeholders, including Traditional Owners and the Central Land Council.
More about Tivan Limited
Tivan Limited operates in the critical minerals industry, focusing on the development and management of mineral projects. The company is involved in the extraction and processing of high-value minerals such as tungsten and molybdenum, which are essential for sectors like defense, automotive, semiconductor, and clean energy. Tivan’s market focus includes leveraging strategic relationships and infrastructure synergies to enhance its mineral project portfolio in central Australia.
Average Trading Volume: 1,127,528
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$218.4M
Find detailed analytics on TVN stock on TipRanks’ Stock Analysis page.