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The latest update is out from Everest Metals Corporation Limited ( (AU:EMC) ).
Everest Metals Corporation will distribute a total of A$1.17 million in Junior Minerals Exploration Incentive (JMEI) exploration credits to eligible Australian resident shareholders who participated in two capital raisings between July 2024 and June 2025, which together raised approximately A$6.19 million. Investors in the July 2024 A$2.2 million raising at A$0.10 per share and the December 2024 A$3.993 million raising at A$0.11 per share will each receive exploration credits equivalent to an effective rate of 18.89% of their investment, providing refundable tax offsets for individuals and super funds or additional franking credits for companies, with entitlement statements issued on 19 December 2025; while the scheme does not involve any cash outlay by Everest Metals, it enhances the after-tax appeal of recent equity funding and supports ongoing greenfields exploration by converting the company’s tax losses into shareholder tax benefits.
The most recent analyst rating on (AU:EMC) stock is a Hold with a A$0.12 price target. To see the full list of analyst forecasts on Everest Metals Corporation Limited stock, see the AU:EMC Stock Forecast page.
More about Everest Metals Corporation Limited
Everest Metals Corporation Ltd is an ASX-listed Western Australian resource company focused on discovering and advancing gold, silver, base metals and critical minerals projects in Tier-1 jurisdictions. Its key assets include the Revere Gold Project in a prolific WA gold region, the Mt Edon Critical Mineral Project within the Paynes Find Greenstone Belt prospective for critical metals on a granted mining lease, and the Mt Dimer Taipan Gold Project, a historic gold and silver producer northeast of Southern Cross.
Average Trading Volume: 337,727
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$33.71M
For an in-depth examination of EMC stock, go to TipRanks’ Overview page.