ABx Group Limited (AU:ABX) has released an update.
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ABx Group Limited has announced receiving an R&D tax offset of $437,185 for its rare earths activities in Tasmania, following a successful claim for its subsidiary ALCORE, with combined rebates totaling over $900,000. These funds are set to bolster the company’s balance sheet and support ongoing investment in its rare earths project and ALCORE’s development of sustainable extraction technologies. The rebates reflect the company’s commitment to innovation in the critical sector of rare earths development.
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