Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Tivan Limited ( (AU:TVN) ) has issued an update.
Tivan Limited announced that its joint venture partner, Sumitomo Corporation, has received approval from the Australian Government’s Foreign Investment Review Board for its initial equity investment in the Speewah Fluorite Project. This approval allows Japan Fluorite Corporation, a subsidiary of Sumitomo, to invest up to A$60.3 million for a 22.5% stake in the project, with an initial investment of $5.3 million to fund a feasibility study. The move strengthens the bilateral relationship between Australia and Japan and marks a significant step in advancing the project, which aims to produce acid-grade fluorspar for global markets.
More about Tivan Limited
Tivan Limited is a company operating in the critical minerals sector, focusing on the development and operation of projects that produce essential minerals for global markets. Its primary product in this context is acid-grade fluorspar, which is vital for various industrial applications.
Average Trading Volume: 1,945,955
Technical Sentiment Signal: Buy
Current Market Cap: A$194.4M
See more data about TVN stock on TipRanks’ Stock Analysis page.