Tivan Limited Advances Joint Venture with Sumitomo for Fluorite Project

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

Tivan Limited has made significant progress in forming a joint venture with Sumitomo Corporation for the Speewah Fluorite Project in Western Australia. The company has completed several preparatory steps, including restructuring ownership and securing necessary legal and financial clearances, to facilitate the joint venture’s establishment. The binding agreements are expected to be executed soon, with Sumitomo seeking approval from the Australian Government’s Foreign Investment Review Board. This collaboration is anticipated to enhance Tivan’s operational capabilities and market position.

More about Tivan Limited

Tivan Limited operates in the mining industry, focusing on the development and operation of mineral projects. The company is primarily involved in the extraction and processing of fluorite, with a significant project located in Western Australia.

YTD Price Performance: -11.67%

Average Trading Volume: 72,929

Technical Sentiment Signal: Buy

Current Market Cap: $117.5M

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