Tivan and Sumitomo Team Up for Fluorite Project

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

Tivan Limited and Sumitomo Corporation have signed a Memorandum of Understanding to form a joint venture for the Speewah Fluorite Project, aiming to finalize binding agreements by March 2025. This collaboration involves a significant equity investment from Sumitomo, highlighting the project’s potential in critical mineral production. The Speewah Project, focusing on acid-grade fluorspar, is positioned to impact key industries like semiconductors and electric vehicle batteries.

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