How Tivan’s $15M Placement with ETFS Capital Could Transform Its Mining Ambitions

Strategic Capital Raise Strengthens Tivan’s Growth Path

Tivan Limited (ASX – TVN) has successfully secured firm commitments to raise $15 million through a placement of 150 million new shares priced at 10 cents each. This capital injection is anchored by a significant $8.3 million cornerstone investment from ETFS Capital Limited, the family office of renowned ETF pioneer Graham Tuckwell AO and Louise Tuckwell AO. This move marks a pivotal step in Tivan’s strategy to expand its footprint in the fluorite and tungsten mining sectors.

Backing from Experienced Investors

ETFS Capital’s involvement is particularly noteworthy given the Tuckwells’ track record in building global financial products and their commitment to impactful investments. Their participation not only brings capital but also strategic alignment, as ETFS Capital has agreed to a standstill arrangement restricting the sale of their shares until either a final investment decision on the Speewah Fluorite Project is made or November 2026, whichever comes first. This underlines their long-term confidence in Tivan’s prospects.

Funding Key Project Acquisitions and Development

The funds raised will primarily support the acquisition of the Molyhil Tungsten-Molybdenum Project in the Northern Territory, a significant asset adjacent to Tivan’s existing Sandover Fluorite Project. Additionally, the capital will facilitate exploration, ore sorting evaluations, and development planning across Tivan’s portfolio, including the Speewah Fluorite and Vanadium Projects. This diversified allocation reflects a balanced approach to growth and operational advancement.

Leadership Driving Investor Confidence

Executive Chairman Grant Wilson played a central role in the placement, personally securing over $14 million of subscriptions. His leadership has been praised by ETFS Capital, with Graham Tuckwell highlighting Wilson’s professionalism and ability to build strong relationships. This direct involvement from the company’s leadership not only reduced brokerage costs but also signals robust internal confidence in Tivan’s trajectory.

Looking Ahead

While the placement solidifies Tivan’s financial position, the company continues to work towards finalising a binding agreement with ETFS Capital for a larger equity investment in the Speewah Fluorite Project. The upcoming months will be critical as Tivan advances its project development plans and navigates the next stages of growth, with the support of a committed cornerstone investor.