Coda Minerals Ltd (AU:COD) has released an update.
Coda Minerals Ltd celebrates the Australian Federal Government’s budget decision to allocate $7 billion for production tax incentives aimed at fostering downstream processing of critical minerals like cobalt, a key part of Coda’s Elizabeth Creek Project. The company expects the 10% production tax credit, part of the ‘Future Made in Australia’ plan, to significantly bolster investment in the critical minerals sector and positively impact the economics of their project. With this policy set to take effect by July 2027, Coda Minerals anticipates substantial benefits for its stakeholders and the broader Australian critical minerals industry.
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