"The 2024-25 Budget supports the further development of Australia’s rich endowment in critical minerals, while investing in programs for downstream processing and manufacturing technologies needed to help the world lower emissions.
To realise this opportunity, the Government is investing: A ten per cent production tax credit totalling $7 billion over the decade for all 31 critical minerals to drive critical minerals processing in Australia. This will enable us to realise the full value of our natural resources and maximise benefits for our nation."
Just a couple quick outtakes from the link above. Tax credit helps. No direct funding as far as I can see unless its part of the $500M or another budget component.
Just a first take from me.
ASM Price at posting:
$1.01 Sentiment: Buy Disclosure: Held
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