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An update from FYI Resources Limited ( (AU:CCM) ) is now available.
Cadoux Limited has received an R&D tax incentive payment of $1,142,749 for its projects in high purity alumina (HPA) and Minhub rare earth production. This funding will support the ongoing development of these projects, which are crucial for the company’s strategy to produce low-cost, high-purity alumina and advance its rare earth processing capabilities in Darwin. The company’s efforts align with the growing demand for high-tech products and contribute to the global push for decarbonization, positioning Cadoux as a key player in the critical minerals market.
More about FYI Resources Limited
Cadoux Limited is an emerging developer of critical minerals projects, focusing on high purity alumina (HPA) and rare earth minerals, essential for global electrification. The company aims to be a significant producer in these markets, aligning with Australia’s critical minerals policy to foster new supply chains and contribute to a decarbonized future. Cadoux’s innovative process design enables the production of high-quality HPA, with applications in LEDs, sapphire glass, and electric vehicle batteries.
Average Trading Volume: 189,127
Technical Sentiment Signal: Sell
Current Market Cap: A$14.84M
Find detailed analytics on CCM stock on TipRanks’ Stock Analysis page.