Tivan Appoints ICANR for Speewah Fluorite Project Finance
Key points
- Tivan appoints ICA Natural Resources for debt funding
- Speewah Fluorite Project in Western Australia
- Progressing equity and debt funding workstreams
- Definitive Feasibility Study under JV with Sumitomo and JOME
Full summary
Tivan Ltd has appointed Sydney-based ICA Natural Resources to advise on debt funding for the Speewah Fluorite Project in Western Australia. The project, a joint venture with Sumitomo Corporation and Japan Organization for Metals and Energy Security, aims to develop an Australian-first mining and processing operation for acid grade fluorspar. Tivan has made significant progress in securing both equity and debt funding. Binding agreements are in place with Sumitomo Corporation and ETFS Capital Limited for up to $100 million in equity funding. Tivan has also received a Letter of Support from Export Finance Australia and advanced to the Northern Australia Infrastructure Facility's Due Diligence Phase for debt financing.
Outlook
Tivan aims to complete the project finance round for the Speewah Fluorite Project, enabling a Final Investment Decision.
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