Everest Metals Corporation Ltd. announced that it has received a Research and Development (R&D) cash refund of AUD 200,834 for the 2025 financial year, under the Australian Government's R&D Tax Incentive program. The successful R&D Tax Incentive application was approved for various activities conducted in full year 2025 by the Company to develop a process for recovery and purification of rubidium from the Mt Edon Critical Mineral Project (M59/714) ("Mt Edon") located in the Mid-West region of Western Australia, 420km northeast of Perth. The Australian Government's R&D Tax Incentive program provides a refundable tax offset to companies such as EMC that are undertaking eligible R&D activities.
This initiative aims to encourage investment in R&D, fuelling innovation and ultimately boosting Australia's global competitiveness, driving economic growth and creating job opportunities.
