Frequently Asked Questions

  • The commodities being mined are in the sweet spot of critical minerals and are experiencing increasing current and forecast demand. The industrial compounds produced include Ilmenite (44%-50% TiO2), Magnetite, Ferro-Titanium70, Pig Iron, Titanium Slag (87%-92%), Vanadium Pentoxide, and Ferro-Vanadium.

  • Yes, all relevant permits and rights necessary for the mining process have been granted. These include Mining Right, Water Use right (which can triple production), Land Use Right, Social & Labor Plan, BEEE-E compliance, and smelting permits.

  • The projected revenues are projected to begin in January 2027. Limited mining and stockpiling has already commenced, with 12,000 Mt of ROM set for commissioning purposes of new Ore processing facility to be built in 2026.

  • Yes, there is a host of Competent Persons Reports (CPRs) to compliment the Feasibility Study including:

    • NI 43-101 Technical Report on the Tivani Mine (Pty) Ltd in South Africa - October 1, 2025

    • Faros - Tivani Project - Marketing Analysis & Strategy - October 2025

    • RFP - Ilmenite and Magnetite Concentrator - September 23, 2025

    • RFP - Pyrometallurgical Ilmenite Concentrate Drying and Pre-Reduction Plant - September 23, 2025

    • Valinger Group - Operational Readiness Report - June 7, 2023

    • Obsidian - NI 43-101 Technical Report on the Tivani Rooiwater Project - July 6, 2022

    • SGS - Stockpile Sampling Report - November 27, 2019

    • Obsidian - Tivani - Bulk Sample and Augering Programme - October 2019

    • Minxcon - Ferrox Due Diligence Final Report - August 12, 2016

    • Environmental Impact Assessment & Environmental Management Report - September 30, 2013

    • Ferrox HSBC Information Memorandum - March 2013

    • Mintek - DC Are Smelting of Titaniferous Magnetite for Tivani (Pty) Ltd - May 28, 2009

    • Kupfermelt Metal Processing - Laboratory study to assess the upgrading potential of a titaniferous / magnetite bearing ore - November 23, 2007

    • Mintek - Upgrading Testwork for Red River Exploration and Mining (Pty) Ltd. On their M10 Seam - September 7, 2000

    • Fluor Daniel - Pre-Feasibility Study - December 1997

  • Yes, the use of proceeds will accelerate revenue generation for the Tivani/Ferrox project. Production is scheduled to begin in late January 2027.

    Ferrox / Tivani will be immediately profitable.

  • At this time, there are no outstanding permits or regulatory approvals that would prevent or materially delay the commencement of mining operations or the construction of the ore processing facility. All core approvals required to advance the project are in place.

    The project’s development timeline is primarily dependent on the completion of the initial capital raise of US$16 million, which is sufficient to fund the next phase of mine development and processing infrastructure. Once this financing is secured, no material delays are anticipated that would impede project execution.

    As with any mining and construction project, minor scheduling adjustments may arise from normal operational factors (such as equipment delivery, contractor availability, or weather conditions), but none are expected to materially impact the project schedule or economics.

  • Ferrox intends to pursue a public listing on a major exchange in 2026, specifically NASDAQ and/or the Toronto Stock Exchange (TSX), subject to market conditions and regulatory approvals. The company is evaluating a de-SPAC transaction, or alternatively a reverse take-over (RTO) structure, should that pathway prove more efficient or advantageous at the time of execution.

  • The mining rights were initially granted for 30 years, and upon nearing expiration, a renewal will be automatically granted for an additional 30 years if Tivani is still in production.

  • The majority of shareholders are long-time investors in previous Ferrox Management deals, including Eastern Platinum and Tharisa. Traditional project finance was not chosen due to the availability of investor support and the historical investment in the project.

  • The project mitigates power-supply risks through a diversified and resilient energy strategy. Although Tivani has direct, industrial access to ESCOM grid based electrical power, the company has proactively addressed energy risks by implanting both natural gas and diesel  co-generation. Electrical power requirements for ancillary systems and site operations can be met through diesel generators alone, with the option to supplement over time using renewable energy sources such as solar and wind, further enhancing operational resilience and sustainability.

    This multi-layered approach materially reduces dependency on any single energy source and helps ensure continuity of operations during construction and production phases.

  • Ferrox is in negotiations with multiple Offtakers/Buyers for all of the Products produced. Geographically Ferrox has domestic South African Commodity buyers along with large commercial East Asian, European, and North American corporations.

  • The Limpopo province's rail infrastructure is good, and the company is nearing definitive agreements with Transnet for rail transport to Maputo and Richards Bay. Currently, financial models assume trucking, but utilizing rail would lead to significant cost savings.