The latest announcement is out from FYI Resources Limited ( (AU:CCM) ).
Cadoux Limited has received an R&D tax incentive payment of $686,761 for its Minhub Operations Pty Ltd, which will support the development of its Minhub mineral sands and rare earth processing project in Darwin. This funding will aid in advancing Cadoux’s HPA strategy and furthering the Minhub project, enhancing the company’s position in the critical minerals market. The payment underscores Cadoux’s commitment to expanding its operations and contributing to the supply of essential minerals for high-tech and electric vehicle markets.
More about FYI Resources Limited
Cadoux Limited is an emerging developer in the critical minerals industry, focusing on high purity alumina (HPA) and rare earth minerals. The company aims to become a significant producer in these markets, leveraging the growing demand for high-tech products and contributing to global decarbonization efforts. Cadoux’s projects align with Australia’s critical minerals policy, and the company has developed an innovative process for producing high-quality HPA. The company is also developing the Minhub Project in the Northern Territory to process mineral sands and rare earths, supporting new supply chains for strategic minerals.
YTD Price Performance: -7.27%
Average Trading Volume: 141,458
Technical Sentiment Signal: Buy
Current Market Cap: A$18.92M
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