In May 2025, the Tivan announced it had executed binding agreements with Sumitomo Corp and its subsidiary Japan Fluorite Corporation ("JFC") to establish the incorporated joint venture (IJV) of the project. In parallel, Tivan undertook a corporate restructure, to transfer the project to the joint venture company Fluorite SPV Pty Ltd.
Under the terms of the binding IJV agreements, JFC may invest up to A$60.3M via three tranches for an equity interest of up to 22.5% in the IJV.
In July 2025, Sumitomo reached agreement with JOGMEC under which JOGMEC has become a strategic equity partner in the project through its acquisition of a 49% equity interest in JFC.
In July 2025, JFC made an initial $5.3M equity investment in the IJV for an initial 7.5% equity interest.
17 Nov 2025 - Tivan and ETFS Capital have signed binding agreements. ETFSC is to invest up to $51.3M as an equity interest in Fluorite Holding SPV Pty Ltd, a 100% subsidiary of Tivan, for a 17.5% share of the Project.

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