ChemX Supplies Restricted (ASX:CMX) (ChemX or the Firm), an Australian excessive purity important supplies firm and 100%-owner of the HiPurA® patented course of to provide Excessive Purity Alumina (HPA) in O’Connor, Western Australia is happy to advise it has acquired its FY24 R&D Refund from the ATO.
- ChemX Receives $661,890 R&D Refund
- Radium Capital Facility Repaid
As introduced to ASX on sixth September 2024, the Firm obtained an advance in opposition to its anticipated R&D Return. The refund acquired extinguishes the power taken out with Radium Capital for $442,000. After compensation of charges and expenses for the power the Firm has acquired a surplus of $207,381. The excess can be used in direction of working capital for the Firm.
Determine 1 – ChemX HiPurA® Solvent Extraction (SX) module accomplished, pending energisation infrastructure set up
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