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An update from ABx Group Limited ( (AU:ABX) ) is now available.
ABx Group Limited has received a Research and Development tax offset of approximately $480,000 from the Australian Tax Office for its rare earth activities in the 2024 financial year, primarily related to its Deep Leads project in Tasmania. This, along with a similar rebate for its subsidiary ALCORE, totals over $770,000, strengthening the company’s balance sheet and supporting further investment in its rare earths and ALCORE projects. This financial support positions ABx to accelerate development and advance its rare earths and clean fluorine chemical strategies, enhancing its industry positioning and potential impact on stakeholders.
More about ABx Group Limited
ABx Group Limited is an Australian company focused on delivering materials for a cleaner future. The company prioritizes three main projects: supplying light and heavy rare earths from Tasmania into Western supply chains, producing industrial chemicals from aluminium smelter by-products through its ALCORE project, and mining bauxite resources for the aluminium, cement, and fertilizer industries. ABx is committed to best practices on agricultural land and aims to improve the environment where it operates.
Average Trading Volume: 2,240,426
Technical Sentiment Signal: Buy
Current Market Cap: A$20.86M
For an in-depth examination of ABX stock, go to TipRanks’ Overview page.