TNG Limited (AU:TVN) has released an update.
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TNG Limited’s subsidiary, Tivan, has secured a $7.4 million grant from the Australian Government’s International Partnerships in Critical Minerals Program for its Speewah Fluorite Project. This funding will support feasibility studies as Tivan plans to establish a mining operation in collaboration with Sumitomo Corporation to produce acid grade fluorspar, a critical mineral for semiconductor and EV battery industries. The project aims to bolster Australia’s mineral supply chain and foster economic benefits in the East Kimberley region.
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