TVN - Tivan Limited

[frugal.rock]

It is said by some they are tardy and there is movement at and towards the board.

A bit of a walk back through the thread made me wonder what the heck is taking so long...

 

[Garpal Gumnut]

Did you intercept the carrier pigeon, gg? Up 12%

• The Korean official Export Credit Agency Korea Trade Insurance Corporation (“K-SURE”) has issued a conditional Letter of Support for the provision of up to A$200 million in debt funding for TNG’s Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory.
• TNG has now received a total of up to A$800 million in conditional Letters of Support/Interest for the Mount Peake Project from Australian, German and Korean Government backed funding sources.
• The Letter of Support from K-SURE builds on the December 2021 Memorandum of Understanding on Cooperation in Critical Minerals Supply Chains, signed between the Republic of Korea and Australia.
• KPMG Corporate Finance and Germany’s KfW IPEX-Bank GmbH continue to support TNG in achieving these landmark financing milestones

I was in fact traversing the Donohue Highway and just 20k shy of the Georgina River when news of TNG reached me, avoiding a run into the NT on the Plenty to interrogate those close to the source about TNG. There has been so much kerfuffle of late.

Śvejk, my manservant, had forgotten the extra ice for the oysters so it was easy enough to turn about and head for home via Boulia, Alpha and Greenvale where capers of a positive nature for ASF punters are also afoot in the latter two settlements.

gg

 

[Dona Ferentes]

TNG seeks Titanium, Vanadium and Iron northwest of Alice Springs.

and now, Lithium (keeping it in the neighbourhood)

TNG has acquired a large tenement area, referred to as the “Sandover Lithium Project”, located 50km south-east of its flagship Mount Peake Vanadium-Titanium-Iron Project in the Northern Territory.
• The Sandover Lithium Project, which forms part of the Northern Arunta Pegmatite Province, is considered highly prospective for lithium-bearing pegmatites.
• The Sandover Lithium Project represents a potentially strategic growth opportunity that would complement the Company’s long-term critical minerals growth strategy.
• Several companies are currently exploring the northern Arunta Pegmatite Province for lithium-bearing pegmatite’s, including Askari Metals (ASX:AS2), Eastern Metals (ASX:EMS) and Core Lithium (ASX:CXO).
• The acquisition is consistent with TNG’s growth strategy in battery-related and future-facing strategic metals, complementing the planned development of the Mount Peake Project.

My dart pick for the August 2022 competition.

gg

might help it land 'true'

 

[frugal.rock]

complementing the planned development of the Mount Peake Project.

I've had projects sitting around my house for less time than TNG... ?
a distraction from the real "project" and very timely.?

 

[System]

On January 25th, 2023, TNG Limited (TNG) changed its name and ASX code to Tivan Limited (TVN).

 

[frugal.rock]

Chart update after name change.
Bunch of recent announcements I have missed.

 

[frugal.rock]

From latest quarterly as an explanation required when available cash is under the 2 quarter cash point;

""The Company is considering timing and structure for a potential capital raising. Executive Chairman, Mr Grant Wilson, indicated at Tivan’s Investor Briefing on 12 April 2023 that the Company in intending to raise capital in the June quarter. The Company
believes it will be able to complete an equity capital raising when required."

Spelling mistake in bold....?

 

[Dona Ferentes]

More posturing?

Tivan announced on Wednesday that Maria Skyllas-Kazacos, who invented and patented vanadium redox flow battery technology at the University of NSW, had joined the company’s technical advisory group.
Tivan signed a letter of intent last month to buy up to 300 megawatts of power annually from Sun Cable, the developer of a giant solar-battery project which has just been bought out of administration by software billionaire Mike Cannon-Brookes and Quinbrook Infrastructure Partners.

Mr Wilson said Tivan was the first Sun Cable strategic partner to go public because it wanted to show its support for the energy project as well as the NT government’s vision for the Middle Arm Sustainable Development Precinct.

He supports the development of Sun Cable’s NT supply business as a first step in developing the vast project ahead of its ultimate goal of building an undersea cable to supply Singapore, a stance supported by Quinbrook, and he expects to be joined in the precinct by other developers of hydrogen, battery and gas projects.

 

[frugal.rock]

Key Middle Arm Proponent Pens Major Deal

The Lawler Labor Government is getting the Territory working through the Middle Arm Sustainable Development Precinct, a precinct set to transform the

www.miragenews.com