Tivan Limited has secured significant investor confidence with the announcement of a $5 million share placement with an Australian family office. Approximately 47.6 million fully paid ordinary shares will be issued at an issue price of $0.105 per share—reflecting a 4.5% discount to the recent 10-day volume weighted average price. Alongside the placement, the investor will receive about 23.8 million listed options at an exercise price of $0.20 each, expiring on 30 September 2027, with one option granted for every two shares issued. The settlement for the shares and options is scheduled for 14 May 2025, and a standstill agreement restricts the investor from selling the acquired shares for up to 18 months or until key project milestones are reached. The funds raised from this placement are earmarked to advance both the Speewah Fluorite Project in Western Australia and the Sandover Fluorite Project, as well as to provide general working capital. In parallel, Tivan Limited has signed a non-binding term sheet for a further equity investment of $51.3 million. This additional funding will be directed towards developing the Speewah Fluorite Project through Fluorite Holding SPV Pty Ltd, Tivan’s wholly owned subsidiary. The proposed equity arrangement, which will see the investor’s stake capped at less than 22.5% of the project, is contingent upon a final investment decision and subsequent milestones under previously executed joint venture agreements with Sumitomo Corporation and Japan Fluorite Corporation. The progress in securing both the share placement and the outlined equity funding underlines Tivan Limited’s strategic focus on minimizing shareholder dilution while advancing its collaborative project with international partners. A due diligence process linked to the additional funding is set to conclude on the earlier of 31 December 2025 or when the investment agreements are finalized, reinforcing the company’s commitment to transparent and rigorous project development. Market sentiment appears cautiously optimistic. From a bullish perspective, the secured lock-in of a reputable investor, combined with forward financing for a major fluorite project and a binding joint venture with established global partners, positions Tivan Limited favorably for future growth. On the other hand, potential bearish concerns stem from the inherent risks associated with project execution, the reliance on successful due diligence outcomes, and possible delays in finalizing the investment agreements, all of which could influence near-term market performance and share liquidity.