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The latest update is out from Tivan Limited ( (AU:TVN) ).
Tivan Limited has completed Tranche 1 funding for its Speewah Fluorite Project, with ETFS Capital providing $11.5 million for a 6.04% stake in project vehicle Fluorite Holding SPV Pty Ltd, as part of a broader commitment of up to $51.3 million for up to 17.5% equity plus a $10 million overrun facility. The fresh capital, alongside existing backing from Sumitomo Corporation and Japan Organization for Metals and Energy Security and additional expected contributions from a Japanese joint venture partner and an Australian critical minerals grant, is expected to fully fund work through to a Final Investment Decision, accelerating project development without requiring further funding from Tivan and strengthening the company’s strategic position in the emerging global fluorspar market.
The most recent analyst rating on (AU:TVN) stock is a Hold with a A$0.26 price target. To see the full list of analyst forecasts on Tivan Limited stock, see the AU:TVN Stock Forecast page.
More about Tivan Limited
Tivan Limited is an ASX-listed resources company focused on developing the Speewah Fluorite Project in the Kimberley region of Western Australia as Australia’s first integrated fluorite mining and processing operation. The project targets production of acid-grade fluorspar (greater than 97% calcium fluorite) for export into global markets, and is being advanced in partnership with strategic investors including ETFS Capital, Sumitomo Corporation and Japan Organization for Metals and Energy Security.
Average Trading Volume: 3,532,528
Technical Sentiment Signal: Buy
Current Market Cap: A$596.7M
For a thorough assessment of TVN stock, go to TipRanks’ Stock Analysis page.