Tivan and Sumitomo Corporation have formed a joint venture to develop the Speewah fluorite project in Western Australia. JFC, a subsidiary of JOGMEC, has invested $5.3m for a 7.5% equity interest. The investment will fund a feasibility study to produce acid-grade fluorspar for export.

Tivan, Sumitomo, and JFC entered into agreements in May 2025 to develop the project. JFC’s investment required approval from the Australian Government and completion of the Project Restructure. Sumitomo has agreements with JOGMEC for a 49% equity interest in JFC.

Tivan’s executive chairman, Grant Wilson, expressed gratitude for JOGMEC’s involvement in the joint venture. The project’s funding comes from Tivan, Sumitomo, and the governments of Australia and Japan. This public-private partnership reflects the strong relationship between the two countries.

Tivan received approval from the Australian Government’s Foreign Investment Review Board in June for its investment in the Speewah project through JFC. The joint venture aims to develop mining and processing operations for high-quality fluorspar.

Read more at Yahoo Finance: Tivan, Sumitomo set up joint venture for WA fluorite project