Tivan Secures $5 Million Placement and $51.3 Million Investment for Fluorite Project

The latest update is out from Tivan Limited ( (AU:TVN) ).

Tivan Limited has secured a $5 million share placement with an Australian family office investor, alongside a non-binding term sheet for a proposed $51.3 million equity investment to develop the Speewah Fluorite Project. This investment is crucial for meeting Tivan’s equity funding requirements under its joint venture with Sumitomo Corporation and Japan Fluorite Corporation. The agreement includes a standstill arrangement preventing the investor from selling shares for up to 18 months, and the funds will be used to advance the Speewah and Sandover Fluorite Projects, as well as for general working capital. The proposed investment aims to solidify Tivan’s position in the fluorite mining sector and ensure the project’s successful development.

More about Tivan Limited

Tivan Limited operates in the mining industry, focusing on the development of fluorite projects. Its primary market focus is on the Speewah Fluorite Project in Western Australia, which it is developing in partnership with Sumitomo Corporation and Japan Fluorite Corporation.

Average Trading Volume: 2,379,310

Technical Sentiment Signal: Strong Buy

Current Market Cap: A$222.2M

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