Tivan Wins JV Backing and $5m Funding to Advance Speewah Fluorite Project

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

Tivan Limited has secured approval of the Feasibility Study for its Speewah Fluorite Project in Western Australia from Japan Fluorite Corporation, which represents joint venture partners Sumitomo Corporation and JOGMEC, as well as from the project’s own board. The study’s sign-off clears the way for a $5 million Tranche 2 equity injection into the joint venture, earmarked to advance a Definitive Feasibility Study that will support a final investment decision on what is intended to be Australia’s first fluorite mining and processing operation.

The project has also won Feasibility Study approval from strategic partner ETFS Capital, underscoring growing international support for the development. Tivan’s leadership framed the milestone as a step forward not only for the company’s growth ambitions in critical minerals, but also for strengthening Australia–Japan cooperation in securing supply of high-purity fluorspar for global industrial markets.

The most recent analyst rating on (AU:TVN) stock is a Hold with a A$0.29 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 Western Australia. The company aims to establish Australia’s first integrated fluorite mining and processing operation, producing high-purity acid-grade fluorspar for export into global markets, with strategic backing from Japanese partners and ETFS Capital.

Average Trading Volume: 4,414,430

Technical Sentiment Signal: Buy

Current Market Cap: A$680.3M

See more insights into TVN stock on TipRanks’ Stock Analysis page.