Everest Metals Corporation Secures R&D Cash Refund for Mt Edon Project

Everest Metals Corporation Limited ( (AU:EMC) ) has issued an announcement.

Everest Metals Corporation Ltd has received a $128,000 cash refund under the Australian Government’s R&D Tax Incentive program for their research and development activities in the 2024 financial year. These activities focus on rubidium and lithium extraction at the Mt Edon Critical Mineral Project. The refund acknowledges EMC’s efforts in developing processes for mineral recovery and purification, and the funds will support ongoing testwork and a planned scoping study. This development is a positive step for EMC as it continues discussions with potential partners to advance the Mt Edon project, contributing to innovation and economic growth within the sector.

More about Everest Metals Corporation Limited

Everest Metals Corporation Ltd (ASX: EMC) operates in the critical minerals sector, focusing on the extraction and purification of rubidium and lithium. The company is engaged in advanced metallurgical research and development projects, particularly at their Mt Edon Critical Mineral Project in Western Australia.

YTD Price Performance: 7.41%

Average Trading Volume: 244,433

Technical Sentiment Consensus Rating: Hold

Current Market Cap: A$32.45M

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