Tivan and Sumitomo agree to third project collaboration
Tivan and Sumitomo have signed a memorandum of understanding (MoU) for the Molyhil tungsten-molybdenum project in the Northern Territory. The companies will collaborate on exploration, development planning, funding, construction, marketing and distribution and operation of the Molyhil project. Tivan executive chairman Grant Wilson comments on the agreement. “With our firmwide capabilities rapidly expanding, and with our strong relationships with local stakeholders, Tivan is ideally positioned to develop a high-value critical minerals precinct in central Australia in the years ahead,” he said. “In taking this step Tivan is also mindful of the increasing involvement of governments in the global critical minerals complex. “The Board of Tivan remains committed to advancing our mission of building a strategically important company and to further…
