ATO to release 50% of retained R&D refundable tax offset
Filed with ASX · · 2 pages · English
Summary by 6ix AI
Northern Minerals Limited announces that the Australian Taxation Office will release half of its retained research and development refundable tax offset claim for the tax year in question, which will positively impact the company's financial position. The company is currently undergoing a review of its R&D claim by the ATO and AusIndustry, and this partial release does not indicate the final outcome of that review. Additionally, Northern Minerals is advancing its Browns Range Heavy Rare Earth Pilot Plant Project, aiming to become a significant producer of dysprosium outside of China.
Written by 6ix AI from the company’s filing. How 6ix writes summaries
Northern Minerals Limited on 6ix
In the deck
Earlier from Northern Minerals
- Northern Minerals announces $3m placement completed
- NTU $3m placement & entry into consultancy agreement
- NTU Issue of Convertible Notes and Shares
- NTU Issue of Shares
- Variation to Loan Agreement
Later from Northern Minerals
- NTU Corporate Presentation - RIU Explorers Conference
- NTU Browns Range pilot plant update
- NTU Variation to Loan Agreement
- NTU announces further $3m placement
- NTU Dazzler shines with high-grade maiden mineral resource
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