The latest announcement is out from Tivan Limited ( (AU:TVN) ).
Tivan Limited has made substantial progress in its quarterly activities, including advancing towards a joint venture with Sumitomo Corporation for the Speewah Fluorite Project and obtaining exploration licenses for the Turiscai Project in Timor-Leste. The company has also commenced a diamond drilling program at the Aileron lead-silver target and achieved excellent flotation testwork results for the Speewah Fluorite Project. Additionally, Tivan finalized a Resourcing Protocol Agreement with the Kimberley Land Council to support negotiations for an Indigenous Land Use Agreement. The company completed a $9 million share placement and acquired the Sandover Fluorite Project. These developments enhance Tivan’s operational capabilities and strengthen its position in the mineral resources sector.
More about Tivan Limited
Tivan Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in projects related to fluorite and vanadium, with significant operations at the Speewah Project in Western Australia. The Speewah Fluorite Project aims to produce acid grade fluorspar, which is essential for various industrial applications, including steel, aluminum, and chemical manufacturing, as well as emerging technologies like lithium-ion batteries and solar cells. The Speewah Vanadium Project focuses on producing vanadium products for energy storage applications, particularly in vanadium redox flow batteries.
YTD Price Performance: -8.33%
Average Trading Volume: 83,136
Technical Sentiment Signal: Sell
Current Market Cap: $141M
See more data about TVN stock on TipRanks’ Stock Analysis page.