https://thewest.com.au/business/mining/federal-budget-2024-295b-o...

https://thewest.com.au/business/min...inerals-and-green-hydrogen-players-c-14666701

The Federal Budget handed down on Tuesday has set aside about $13.7 billion of production tax credits for producers of critical minerals and green hydrogen aspirants over the next decade.

The Albanese Government will give producers of designated critical minerals, which includes nickel and lithium, a 10 per cent tax credit per year for up to 10 years per project.

This means for every $100 dollars of eligible production costs the miner’s tax bill will be lowered by $10, or if it did not make enough to pay tax it can still claim a $10 refund.

This is good new for us as we are going to produce niobium products by ourselves. Should see even greater interests in WA1 shares in the coming days ahead. GLTA!