Speewah Project Secures Early $3M Funding Boost from $7.4M IPCM Grant

Grant Funding Accelerated to Match Project Pace

Tivan Limited (ASX:TVN) has successfully negotiated a Deed of Variation with the Australian government to bring forward $3 million of its $7.4 million International Partnerships in Critical Minerals (IPCM) grant. This early tranche is scheduled for receipt in August 2026 and is earmarked to support the Definitive Feasibility Study (DFS) for the Speewah Fluorite Project in Western Australia. The adjustment aligns the grant funding schedule with the current pace of project studies, providing a timely financial boost as Tivan advances towards a final investment decision (FID).

Strategic Funding Partnerships Strengthen Project Outlook

Beyond the IPCM grant, Tivan has secured a robust funding framework through agreements with key partners including Sumitomo Corporation, JOGMEC, and ETFS Capital. These collaborators have committed to funding the project’s progression through to FID, with Sumitomo and JOGMEC poised to inject a further $5 million equity investment upon unanimous adoption of the feasibility study. ETFS Capital has already contributed $11.3 million, underscoring strong strategic confidence in the project’s potential.

Project Progress and Next Steps

In February 2026, Tivan submitted a confidential draft of the Feasibility Study to its joint venture and strategic partners, marking a significant milestone. The early release of the IPCM grant funding will accelerate the completion of the DFS, ensuring that financial resources are in place to support critical technical and commercial assessments. This coordinated funding approach reduces uncertainty and enhances the project’s readiness for a final investment decision.

Government Support and Industry Collaboration

Executive Chairman Grant Wilson highlighted the importance of diversified funding sources in providing certainty and stability for the Speewah Fluorite Project. He expressed appreciation for the Department of Industry, Science and Resources, noting their ongoing engagement and support. This collaboration between government and industry partners reflects the strategic significance of critical minerals projects in Australia’s resource landscape.

Looking Ahead

With the IPCM grant schedule now aligned to project milestones and strong partner backing secured, Tivan is well-positioned to advance the Speewah Fluorite Project through its next critical phase. The coming months will be pivotal as the DFS is finalised and the joint venture partners consider their investment decisions, setting the stage for potential development and production in a sector of growing global importance.