Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tivan Limited ( (AU:TVN) ) just unveiled an announcement.
Tivan Limited has successfully executed a Deed of Novation with the Commonwealth of Australia, transferring the IPCM grant agreement to Fluorite SPV Pty Ltd, a joint venture with Sumitomo Corporation and JOGMEC. This move secures a second payment installment of $2 million, contributing to the $3.25 million received so far under the $7.4 million grant. The funding will advance feasibility studies for the Speewah Fluorite Project, a critical step towards a final investment decision for construction and operation. The joint venture’s progress is marked by Sumitomo and JOGMEC’s initial equity investment, underscoring the project’s potential impact on the critical minerals market.
More about Tivan Limited
Tivan Limited operates in the critical minerals industry, focusing on the development and management of projects related to essential minerals. The company is involved in a joint venture with Sumitomo Corporation and JOGMEC, emphasizing the Speewah Fluorite Project.
Average Trading Volume: 1,340,305
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$228.8M
For a thorough assessment of TVN stock, go to TipRanks’ Stock Analysis page.