What is the core reason behind the new Tivan partnership?

Tivan (ASX:TVN) established this framework to secure a funding and marketing pathway for its Molyhil tungsten project without causing heavy shareholder dilution.

What are the specific financial details of the funding layout?

The framework sets up a staged $50 million investment, with Sumitomo Corporation providing up to $25 million and ETFS Capital providing up to $25 million.

What ownership stake will Tivan retain in the project?

Tivan (ASX:TVN) will retain an effective 82.5% majority interest in the Molyhil project at the final investment decision stage. Sumitomo Corporation and ETFS Capital are each expected to secure an effective 8.75% project interest through the proposed venture structures.

What is the target timeline for the binding agreements?

Tivan (ASX:TVN) and its partners are targeting the completion of long-form binding agreements by the third quarter of 2026. This timeline remains subject to standard regulatory processes, including any required approvals from the Foreign Investment Review Board.

What does this deal mean for the production output of the mine?

Under the preliminary terms, Sumitomo Corporation may secure commercial offtake arrangements for up to 100% of the life-of-mine production from the Molyhil project owned by Tivan (ASX:TVN).

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Tivan establishes $50M Molyhil Project framework

Written by Liezl GambePublished Jun 24, 2026, 2:46 AM

Tivan signed memorandums of understanding with Sumitomo Corporation and ETFS Capital for a phased $50 million investment framework.
The company's share price increased by 9.43% following the announcement of the tungsten project partnership.
The funding structure aims to advance the Molyhil project through feasibility studies while limiting shareholder dilution.

Tivan (ASX:TVN) executed non-binding agreements with Sumitomo Corporation and ETFS Capital to establish a stage-gated $50 million funding framework for the Molyhil tungsten project.

The agreement follows the company's acquisition of the project in September 2025 after the asset sat inactive for several decades.

“With our announcement today, Tivan has established a credible and trusted pathway for project finance, as well as for marketing and distribution,” said Tivan Executive Chair Grant Wilson.

The proposed timeline aims for long-form binding agreements by the third quarter of 2026 to fund upcoming pre-feasibility and definitive feasibility studies.

Following the announcement, the Tivan share price was up 9.43%.

A scoping study released in April estimated a base case pre-tax net present value of $534.3 million and an internal rate of return of 114.2%.

The company stated that the investment structure allows it to progress the asset while maintaining an effective 82.5% majority interest at the final investment decision stage.

Tivan establishes $50M Molyhil Project framework

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