King River Resources Limited (AU:KRR) has released an update.
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Tivan Limited has made significant progress on its $20 million acquisition of the Speewah Project from King River Resources, with recent payments reducing the outstanding cash owed to $2.4 million, due by February 2025. The deal, which includes the Speewah Fluorite and Vanadium Titanomagnetite Projects, is considered transformative for Tivan and a milestone in Australia’s critical minerals sector. Tivan’s Executive Chairman has expressed confidence in fulfilling the financial obligations without encumbrances.
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