ChemX Materials Boosts Capital with R&D Refund

ChemX Materials Limited (AU:CMX) has released an update.

ChemX Materials Ltd, an ASX-listed company specializing in high purity critical materials, has successfully secured a $661,890 R&D refund from the Australian Tax Office. This refund enabled the company to repay its Radium Capital facility and leaves a surplus of $207,381, which will be allocated toward working capital. The financial boost supports ChemX’s ongoing technological advancements in producing high purity alumina for clean energy applications.

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