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Tivan Limited
(OTC:TVN)
Tivan Limited (TVN) vs. iShares MSCI Australia ETF (EWA)
Tivan Limited Business Overview & Revenue Model
Tivan Limited Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 69.00K | 69.00K | 0.00 | 75.00K | 0.00 | 184.00K |
| Gross Profit | -112.00K | 69.00K | -523.00K | -405.00K | -342.00K | -147.00K |
| EBITDA | -7.09M | -7.18M | -62.44M | -6.59M | -4.54M | -2.56M |
| Net Income | -4.91M | -4.91M | -67.83M | -7.08M | -4.89M | -2.90M |
Balance Sheet | ||||||
| Total Assets | 43.74M | 43.74M | 27.65M | 81.52M | 73.40M | 66.12M |
| Cash, Cash Equivalents and Short-Term Investments | 6.46M | 6.46M | 378.00K | 1.30M | 14.64M | 12.03M |
| Total Debt | 666.00K | 666.00K | 3.57M | 212.00K | 111.00K | 253.00K |
| Total Liabilities | 4.96M | 4.96M | 13.82M | 9.59M | 2.55M | 2.84M |
| Stockholders Equity | 38.79M | 38.79M | 13.83M | 71.92M | 70.85M | 63.28M |
Cash Flow | ||||||
| Free Cash Flow | -14.59M | -13.29M | -8.71M | -12.38M | -8.61M | -9.16M |
| Operating Cash Flow | -4.74M | -4.74M | -4.32M | -4.79M | -3.26M | -2.15M |
| Investing Cash Flow | -13.71M | -13.71M | -8.31M | -8.28M | -5.38M | -7.02M |
| Financing Cash Flow | 24.53M | 24.53M | 11.71M | -76.00K | 11.65M | 11.98M |
Tivan Limited Technical Analysis
Tivan Limited Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | AU$318.27M | 6.94 | 4.28% | ― | -13.54% | -56.86% | |
63 Neutral | AU$311.02M | 34.06 | 6.50% | 2.13% | ― | -94.07% | |
62 Neutral | AU$357.58M | 64.86 | 3.14% | 2.17% | 21.95% | -84.84% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | AU$619.20M | -105.77 | -18.46% | ― | ― | 93.70% | |
44 Neutral | AU$295.87M | -8.38 | ― | ― | ― | 32.73% |
Tivan Limited Corporate Events
Tivan Limited’s chairman has marked 2025 as an inflection point for both the company and the broader critical minerals sector, highlighting the firm’s successful turnaround from its legacy TNG association and its transformation into a diversified critical minerals player. Over the past year, Tivan executed a series of low-cost project acquisitions that expand its presence in fluorite, tungsten and molybdenum, positioning it to benefit from intensifying global focus on mineral security and supply chain resilience, particularly in Asia and the United States. The company credits its rapid progress to a highly productive team, disciplined capital management aimed at limiting shareholder dilution, and strong relationships with governments, communities and international partners, as it prepares to shift from exploration and development into project execution and future operations, with 2026 flagged as a year of accelerated activity and broader global investor engagement.
Tivan Limited announced the issuance of 8,006,200 ordinary fully paid securities to be quoted on the Australian Securities Exchange (ASX) as of December 15, 2025. This move is part of the company’s strategy to enhance its market presence and potentially attract more investors, reflecting a significant step in its financial operations.
Tivan Limited has resumed fieldwork at its Sandover AI Project in central Australia, in partnership with EARTH AI, following a technical review. The renewed exploration efforts include aerial electromagnetic surveys and enhanced collaboration protocols, reflecting confidence in AI-driven exploration and the company’s strengthened operational capabilities. The project aims to capitalize on favorable market conditions in the critical minerals sector and Tivan’s improved financial standing.
Tivan Limited has announced a change in the director’s interest, specifically involving Guy Debelle. The company has issued new performance rights following shareholder approval at the AGM, resulting in an increase in the number of Class C, D, and I Performance Rights held by the director. This change reflects the company’s ongoing commitment to aligning director interests with shareholder value and may impact the company’s governance and strategic direction.
Tivan Limited has announced a change in the interests of its director, Christine Charles, involving the acquisition of additional performance rights. This change, approved at the company’s Annual General Meeting, reflects an increase in Class C, D, and I Performance Rights held by the director, which may impact her influence and alignment with the company’s strategic goals.
Tivan Limited has announced a change in the director’s interest, specifically concerning Anthony Robinson. The change involves the acquisition of additional performance rights, including 666,668 Class C, 666,666 Class D, and 666,666 Class I Performance Rights, following shareholder approval at the Annual General Meeting. This adjustment in securities holdings reflects a strategic move by the company, potentially impacting its governance and aligning with shareholder interests.
Tivan Limited has announced a change in the director’s interest notice, specifically regarding Grant Francis Wilson’s securities holdings. The change involves the acquisition of various classes of performance rights following shareholder approval at the company’s Annual General Meeting. This adjustment in director’s interests reflects strategic alignment with shareholder expectations and could influence the company’s governance and operational strategies.
Tivan Limited has announced a new issuance of securities, with a total of 2,174 ordinary fully paid shares to be quoted on the Australian Securities Exchange (ASX) under the code TVN. This move signifies Tivan Limited’s ongoing efforts to enhance its market presence and potentially attract more investors, which could have positive implications for its operational growth and industry positioning.
Tivan Limited has announced a change in the interests of its director, Grant Francis Wilson, involving the acquisition and disposal of securities. The change reflects the quotation of TVNAD to align with the terms of TVNO, following shareholder approval at the Annual General Meeting. This adjustment in securities holdings may impact the director’s influence and the company’s governance structure.
Tivan Limited has announced the application for the quotation of 10,000,000 securities under the code TVNO, which are options expiring on June 30, 2026. This move follows shareholder approval at the company’s Annual General Meeting and is intended to reflect the terms of TVNO. The issuance of these securities is set to enhance Tivan Limited’s market presence and provide additional opportunities for investors, potentially impacting the company’s operations and market positioning positively.
Tivan Limited has commenced its maiden drilling program at the Sandover Fluorite Project in the Northern Territory, aiming to assess the extent of mineralization and provide core samples for preliminary metallurgical assessment. The project is strategically positioned near the Molyhil Tungsten-Molybdenum Project, and Tivan plans to conduct the drilling in two stages, with a follow-up program scheduled for February 2026. The company has received $150,000 in exploration grants from the Northern Territory Government and has partnered with Sumitomo Corporation to advance the project’s development. Tivan is evaluating both expedited and traditional project pathways to produce metspar and acid-grade fluorspar, with a preliminary assessment expected in Q1 2026.
Tivan Limited has dispatched its first samples of acid grade fluorspar from the Speewah Fluorite Project in Western Australia to potential end users in Japan and Asia. This marks a significant milestone in their offtake marketing program, which is being advanced by Sumitomo Corporation. The project is part of a joint venture with Sumitomo and the Japan Organization for Metals and Energy Security, with a term sheet in place for the offtake of up to 100% of the product produced over the project’s life. The successful dispatch of these samples is expected to bolster Tivan’s market positioning and enhance demand for their product in the Asian markets.
Tivan Limited, listed on the ASX under the ticker TVN, is holding its Annual General Meeting on November 20, 2025, at 4:30 pm AEDT in Richmond, Victoria. Shareholders unable to attend in person can watch a live webcast of the meeting, although participation and voting are not facilitated through the webcast. The company will also provide a replay link to the event the following day, encouraging shareholder engagement.
Tivan Limited is finalizing a Feasibility Study for the Speewah Fluorite Project, aiming to establish a mining and processing operation for acid-grade fluorspar. Significant progress has been made in 2025, including drilling programs, environmental approvals, and Indigenous Land Use Agreement negotiations. The project is advancing as a joint venture with strategic partners, and Tivan is engaged with government bodies regarding project facilitation. The updated schedule anticipates completing the Feasibility Study by February 2026 and making a Final Investment Decision by October 2026.
Tivan Limited has announced the quotation of 178,961 fully paid ordinary securities on the ASX, effective from November 17, 2025. This move signifies the company’s strategic efforts to enhance its market presence and liquidity, potentially impacting its stakeholders by increasing the availability of its securities for trading.
Tivan Limited has signed binding agreements with ETFS Capital for a strategic partnership in the Speewah Fluorite Project, with an investment of up to $61.3 million. This partnership, alongside existing collaborations with Sumitomo Corporation and JOGMEC, marks a significant milestone in Tivan’s project financing strategy, positioning the company to retain a 60% interest in the project and advance its development as a major player in the global fluorite market.
Tivan Limited has announced the discovery of high-grade copper-gold mineralisation at its Turiscai Project in Timor-Leste, with assays revealing copper grades up to 9.65% and gold grades up to 7.19g/t. This discovery marks a significant step in assessing the project’s potential for high-grade deposits, guiding future exploration strategies. The project benefits from existing transportation routes and spans a 344km² area across three municipalities. Tivan’s ongoing surface sampling program aims to define geochemical anomalies, and the company has expanded its local geology team to support exploration efforts.
Tivan Limited has initiated an initial program of works for the Molyhil Tungsten-Molybdenum Project, aiming to expand its mineral resource base and advance its development planning. The program includes a drill program, commercial assessments, environmental approvals, and metallurgical testwork, all supporting the proposed mining and processing operations. The project is significant for Tivan’s strategic positioning in central Australia’s critical minerals precinct and involves potential collaboration with Sumitomo Corporation.
Tivan Limited has issued a supplementary notice for its upcoming Annual General Meeting, scheduled for November 20, 2025. The supplementary notice, which includes additional resolutions, is available online and does not alter the meeting’s time or location. Shareholders are encouraged to submit replacement proxy votes if they wish to vote on the new resolutions, and are advised to consult professional advisers if needed.
Tivan Limited has announced the identification of ultra high-grade fluorite mineralisation at its Molyhil Project in the Northern Territory, following a recent field reconnaissance and sampling program. This discovery, which includes three outcropping fluorite reefs with significant strike length, enhances Tivan’s exploration prospects in the region and complements its ongoing drilling program at the nearby Sandover Fluorite Project. The high assay results, with some samples reaching up to 85.9% CaF2, underscore the potential for significant fluorite deposits, positioning Tivan strategically within the fluorite mining sector.
Beacon Minerals Limited has entered into an agreement with Tivan Ltd to sell its six concessions in Timor Leste for a total consideration of AU$500,000, comprising both cash and shares. This strategic move allows Beacon to focus on its Australian operations and supports its gold retention policy, while Tivan assumes responsibility for the concessions’ performance guarantees.
Tivan Limited has announced the discovery of a significant manganese-barite gossan at the Sandover Fluorite Project, located in the Northern Territory. The discovery, following a field reconnaissance and sampling program, revealed a gossan extending over 1km with high manganese content and elevated levels of copper, tungsten, and beryllium, suggesting the potential for a new polymetallic system. The presence of ultra high-grade fluorite was also identified, marking the site as a promising target for further exploration. Tivan plans to conduct additional field mapping and sampling, followed by geophysical surveys to define drilling targets, potentially enhancing its industry positioning and offering new opportunities for stakeholders.
Tivan Limited has announced the quotation of 527 ordinary fully paid securities on the ASX, effective November 3, 2025. This move is part of the company’s ongoing strategy to manage its securities portfolio, potentially impacting its market presence and offering new opportunities for stakeholders involved in the trading and investment sectors.
Tivan Limited has signed a Memorandum of Understanding with Sumitomo Corporation for the Molyhil Tungsten-Molybdenum Project in the Northern Territory. This collaboration aims to explore opportunities in exploration, development, funding, and operation of the project. The Molyhil Project, acquired by Tivan in September 2025, holds significant mineral resources and is strategically positioned to leverage synergies with the adjoining Sandover Fluorite Project. The partnership with Sumitomo, a major Japanese trading house, marks the third collaboration between the two companies, potentially enhancing Tivan’s operational efficiencies and market reach.
Tivan Limited has announced the quotation of 6,088,500 ordinary fully paid securities on the Australian Securities Exchange, effective from October 27, 2025. This move reflects the company’s ongoing efforts to enhance its market presence and provide liquidity for its stakeholders, potentially impacting its market positioning positively.
Tivan Limited has made significant progress in its Speewah Fluorite Project by establishing a joint venture with Sumitomo Corporation and securing Japan Organization for Metals and Energy Security as a strategic equity partner. The company received substantial investments and grants to fund feasibility studies and project development, strengthening its position in the critical minerals sector. Additionally, Tivan has advanced its financing efforts with Export Finance Australia and the Northern Australia Infrastructure Facility, and expanded its strategic partnerships and exploration activities, highlighting its commitment to advancing critical minerals projects in Australia and Timor-Leste.
Tivan Limited has announced a new issuance of 42,880 fully paid ordinary securities, which will be quoted on the Australian Securities Exchange (ASX) under the code TVN. This move is part of the company’s strategy to leverage convertible securities, potentially strengthening its financial position and offering more value to its stakeholders.
Tivan Limited has announced a proposed issue of securities, specifically performance rights, totaling 9 million across four new classes. This move is part of a placement or other type of issue, with the proposed issue date set for December 2, 2025. The announcement indicates a strategic step in Tivan Limited’s financial operations, potentially impacting its market positioning and stakeholder interests.
Tivan Limited has announced its Annual General Meeting for shareholders, scheduled for November 20, 2025, in Richmond, Victoria. The company is implementing electronic distribution of the meeting notice, encouraging shareholders to utilize digital means for voting and communication. This shift aligns with recent legislative changes and reflects Tivan’s commitment to modernizing shareholder engagement. The move to electronic notices and proxy voting is expected to streamline processes and enhance participation, potentially impacting the company’s operational efficiency and stakeholder relations.
Tivan Limited has announced its Annual General Meeting (AGM) to be held on November 20, 2025, in Richmond, VIC. The meeting will cover the consideration of financial reports, a non-binding resolution to adopt the Remuneration Report for the year ending June 30, 2025, and the re-election of Mr. Grant Wilson as a director. Shareholders are encouraged to participate and note the voting exclusions related to the Remuneration Report. The company will update shareholders on any changes to the meeting arrangements via ASX announcements and its website.
Tivan Limited has formalized a strategic partnership with Exante Data, a New York-based data analytics and market intelligence company, to enhance its operations in the critical minerals sector. This partnership, which extends over three years, aims to leverage synergies in data analytics and policy advisory, particularly in light of the sector’s growing global importance. The collaboration is expected to strengthen Tivan’s market research capabilities and influence policy debates in the US and Australia, thereby enhancing its global profile and corporate growth strategy.
Tivan Limited is advancing its human resources and organizational capacity to support its critical minerals projects in Australia and Timor-Leste. The company is expanding its in-house technical and project delivery capabilities, with new roles being filled to enhance project execution and operational readiness. This expansion aligns with Tivan’s strategic importance in the critical minerals sector, aiming to leverage governmental support and diversify supply chains. The recent appointment of Yohanes Suryaputradinata as Project Manager marks a significant step in this expansion, bringing extensive experience in the mining and resources sector. Additionally, Tivan is strengthening its local team in Timor-Leste to advance the Turiscai Project, focusing on geological exploration and community engagement.
Tivan Limited has announced the quotation of 2,001 ordinary fully paid securities on the Australian Securities Exchange (ASX) under the code TVN, effective from October 8, 2025. This move is part of the company’s strategic financial activities, potentially impacting its market presence and providing additional liquidity for stakeholders.