Tivan and ETFS Capital Finalise Tranche 1 Funding for Speewah Fluorite Project
Source: Kapitales Research
Key Highlights:
Tivan and ETFS Capital have formalised agreements for ETFS Capital to become a key strategic partner in the Speewah Fluorite Project located in Western Australia.
Tranche 1 funding of AU$11.3 million has been completed, accelerating the development of the project.
ETFSC, the family office of Graham Tuckwell AO and Louise Tuckwell AO, became a significant shareholder in Tivan in September 2025.
Tranche 1 Funding Secured
Tivan Limited (ASX: TVN) has completed Tranche 1 of the funding agreement with ETFS Capital Limited (ETFSC), securing AU$11.3 million to support the development of the Speewah Fluorite Project. This funding represents a key milestone in the progression of the project in Western Australia's Kimberley region.
As part of this agreement, ETFSC has acquired a 6.04% interest in Fluorite Holding SPV Pty Ltd (the project’s special purpose vehicle), which will oversee the project’s development. The funding will be allocated to accelerate key project activities, including human resources expansion, work programs, and procurement of long-lead items.
Collaboration with ETFS Capital
ETFS Capital operates as the family office of Graham Tuckwell AO and Louise Tuckwell AO, providing strategic support and management for their investments. In addition to becoming a substantial shareholder in Tivan in September 2025, ETFSC has now taken a strategic role in the development of the Speewah Fluorite Project. This partnership strengthens Tivan’s position in the critical minerals sector, particularly in the growing global demand for fluorite, a key material used in steel production, among other applications.
ETFSC joins existing strategic partners, including Sumitomo Corporation, a prominent Japanese trading house, and the Japan Organization for Metals and Energy Security (JOGMEC), further strengthening international backing for the project.
Funding Plan to Final Investment Decision (FID)
Tivan’s funding plan for the project includes additional financing to support the anticipated Final Investment Decision (FID). This includes:
A second tranche payment of AU$5 million under the Incorporated Joint Venture agreement with Japan Fluorite Corporation, expected following the approval of a Feasibility Study for the project in Q1 2026.
A further AU$4.15 million from the International Partnerships in Critical Minerals grant program, which will be disbursed through 2026.
These funds are expected to be sufficient to cover the costs required to support a positive FID, with no additional funding contributions expected from Tivan.
Project Update and Development Path
The Speewah Fluorite Project is progressing as planned, with the recent Tranche 1 funding allowing for continued development. The project remains on track to become a significant supplier of high-quality fluorite, with a focus on producing acid-grade fluorspar for global markets.
In addition to advancing technical and operational efforts, the company is also refining its project ownership structure and preparing for further funding rounds as it moves toward the Feasibility Study and FID.
Outlook
With the Tranche 1 funding in place, Tivan is well-positioned to accelerate the development of the Speewah Fluorite Project. The company is optimistic about achieving key milestones in 2026, including the approval of the Feasibility Study and the continued growth of its strategic partnerships.
Investors will closely monitor the upcoming progress, including the results from the Feasibility Study, the expected FID, and the ongoing development of the project as Tivan continues to position itself as a major player in the global fluorite market.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
x
Daily Dose of Buy, Sell & Hold recommendations before the market opens.
Start Your 7 Days Free Trial Now!
We use cookies to help us improve, promote, and protect our services. By continuing to use this site, we assume you consent to this. Read our Privacy Policy and Terms & Conditions
Tivan and ETFS Capital Finalise Tranche 1 Funding for Speewah Fluorite Project
Key Highlights:
Tranche 1 Funding Secured
Tivan Limited (ASX: TVN) has completed Tranche 1 of the funding agreement with ETFS Capital Limited (ETFSC), securing AU$11.3 million to support the development of the Speewah Fluorite Project. This funding represents a key milestone in the progression of the project in Western Australia's Kimberley region.
As part of this agreement, ETFSC has acquired a 6.04% interest in Fluorite Holding SPV Pty Ltd (the project’s special purpose vehicle), which will oversee the project’s development. The funding will be allocated to accelerate key project activities, including human resources expansion, work programs, and procurement of long-lead items.
Collaboration with ETFS Capital
ETFS Capital operates as the family office of Graham Tuckwell AO and Louise Tuckwell AO, providing strategic support and management for their investments. In addition to becoming a substantial shareholder in Tivan in September 2025, ETFSC has now taken a strategic role in the development of the Speewah Fluorite Project. This partnership strengthens Tivan’s position in the critical minerals sector, particularly in the growing global demand for fluorite, a key material used in steel production, among other applications.
ETFSC joins existing strategic partners, including Sumitomo Corporation, a prominent Japanese trading house, and the Japan Organization for Metals and Energy Security (JOGMEC), further strengthening international backing for the project.
Funding Plan to Final Investment Decision (FID)
Tivan’s funding plan for the project includes additional financing to support the anticipated Final Investment Decision (FID). This includes:
These funds are expected to be sufficient to cover the costs required to support a positive FID, with no additional funding contributions expected from Tivan.
Project Update and Development Path
The Speewah Fluorite Project is progressing as planned, with the recent Tranche 1 funding allowing for continued development. The project remains on track to become a significant supplier of high-quality fluorite, with a focus on producing acid-grade fluorspar for global markets.
In addition to advancing technical and operational efforts, the company is also refining its project ownership structure and preparing for further funding rounds as it moves toward the Feasibility Study and FID.
Outlook
With the Tranche 1 funding in place, Tivan is well-positioned to accelerate the development of the Speewah Fluorite Project. The company is optimistic about achieving key milestones in 2026, including the approval of the Feasibility Study and the continued growth of its strategic partnerships.
Investors will closely monitor the upcoming progress, including the results from the Feasibility Study, the expected FID, and the ongoing development of the project as Tivan continues to position itself as a major player in the global fluorite market.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au