Tivan (ASX:TVN) has received a further $3 million tranche of International Partnerships in Critical Minerals (IPCM) funding for its Speewah Fluorite Project in Western Australia.
The funding flows to Japan Australia Fluorite Associates, the incorporated joint venture vehicle that owns the Speewah Project.
Tivan intends to use the money to progress the Definitive Feasibility Study (DFS) for the project, which is currently underway and scheduled to be completed later this year.
The company is progressing the DFS under an incorporated JV with Sumitomo (TYO:8053) and Japan Organisation for Metals and Energy Security (JOGMEC), and in partnership with ETFS Capital.
Located in WA’s Kimberley region, the Speewah Project aims to build Australia’s first commercial fluorite mine producing premium acid-grade fluorspar for electric vehicles, semiconductors, and advanced manufacturing.
Executive Chairman Grant Wilson says the grant has made an important contribution to the pre-final investment decision funding pathway for the Speewah Project.
“We are pleased that the Department of Industry, Science, and Resources has approved the next payment tranche, based upon a review of our material progress through the first half of 2026,” Wilson says.
Tivan expects to complete the DFS later this year, which will provide the technical and economic framework for a final investment decision on Speewah.
In December 2024, the company was awarded a $7.4 million cash grant under the IPCM program to support funding for the feasibility study and DFS.
In August 2025, Tivan signed a deed of novation with the Commonwealth of Australia to transfer the IPCM grant agreement from Tivan to Japan Australia Fluorite Associates.
Earlier this year, Japan Australia Fluorite Associates signed a deed of variation with the Commonwealth of Australia to bring forward $3 million in funding to August 2026 and align milestone scheduling.
Total funding of $6.4 million has been received under the grant to date.
Tivan is a critical minerals developer specialising in mining projects that support renewable energy, artificial intelligence, and semiconductors.
Write to Paula Fabe at Mining.com.au
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