Tivan Limited (ASX:TVN) Nears Strategic Partnership with Sumitomo Corporation

March 28, 2025 12:00 AM AEDT | By Team Kalkine Media

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Tivan Limited (ASX:TVN) Nears Strategic Partnership with Sumitomo Corporation — Image source: shutterstock

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Highlights

Tivan Limited (TVN) is close to securing a joint venture with Sumitomo Corporation for the Speewah Fluorite Project.

Significant milestones have been reached, including the formation of new entities and completion of necessary due diligence.

Future steps include applying for regulatory approval and finalizing joint venture agreements by April 2025.

Tivan Limited (ASX:TVN) is on the brink of a significant breakthrough in its partnership with Sumitomo Corporation, as they move towards establishing a formal joint venture for the Speewah Fluorite Project located in Western Australia. This collaboration marks a pivotal development for Tivan Limited, underlining its strategic intent to enhance its operational footprint and leverage collective expertise.

The process toward this incorporated joint venture has seen both parties achieve several critical milestones. Tivan Limited has successfully established new holding companies and special purpose vehicles, tailored specifically to facilitate the operational aspects of the joint venture. These entities will play a crucial role in managing the project’s governance and financial flow.

In preparation for the partnership, Tivan Limited has completed extensive contractual arrangements to ensure that all aspects of the joint venture align with both legal and tax regulations. The completion of these arrangements provides a structured framework for the forthcoming phases of the project. Furthermore, the company has secured all necessary clearances, a testament to its diligent preparation and commitment to regulatory compliance.

The feasibility study of the Speewah Fluorite Project has also seen significant progress, positioning the project closer to realization. This study is crucial as it underpins the project's viability and is a critical factor in the decision-making processes of potential investors and stakeholders.

Looking ahead, Tivan Limited anticipates that Sumitomo Corporation will imminently apply to the Foreign Investment Review Board for approval of the proposed investment. This step is vital as it ensures that all foreign investments comply with Australian law, safeguarding national interest while promoting economic growth.

The timeline set forth for the finalization of the joint venture agreements is early April, with an extension of the exclusivity arrangements until April 15, 2025. This timeline demonstrates the commitment of both Tivan Limited and Sumitomo Corporation to meticulously plan and execute the necessary steps to ensure the success of their joint endeavor.

This joint venture represents not just an expansion of Tivan Limited’s operational capabilities, but also a strategic alignment with one of the industry's most respected corporations. It underscores Tivan’s strategic initiatives aimed at expanding its market presence and enhancing its project portfolio through collaborative and well-structured partnerships.

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