ChemX Materials (ASX:CMX) (ChemX or the Company), an Australian based high-purity critical materials is pleased to advise that the Company has received an R&D tax incentive rebate payment of $909,600 for the 2022/2023 financial year.

ChemX is progressing its critical materials projects across High Purity Manganese (HPM) and High Purity Alumina (HPA). The rebate reflects the expenditure the Company incurred on eligible R&D activities for the previous financial year.

The R&D Tax incentive rebate administered by AusIndustry and the Australian Tax Office is a valuable program for companies like ChemX which are investing in Research and Development to sustainably produce the critical materials of the future.

R&D rebate funds will be applied towards the continuation of strategic investment in HPA and HPM programs, which are increasingly becoming critical materials for the global energy transition.

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