Tivan announced a non-underwritten placement to raise approximately $4.5 million via the issuance of new ordinary shares to sophisticated and professional investors.

The capital raising aims to expedite project initiatives and reduce debt related to the acquisition of the Speewah Project.

The placement will offer investors one free attaching option for every two new shares, exercisable at 12 cents and expiring on June 30, 2027.

The funds raised are intended for several strategic initiatives, including the development of the Speewah Fluorite Project, exploration of the Sandover Project, and repayment of debt related to the Speewah acquisition.