Heavy Rare Earths Limited (AU:HRE) has released an update.
Heavy Rare Earths Limited reported promising results from their metallurgical program, showing high leachability and low acid consumption of rare earths at their Cowalinya project, alongside a healthy cash balance of $1.22 million as of March 2024. The company also received a tax offset refund of $312,168 from the Australian Government’s R&D Tax Incentive program, indicating both financial stability and ongoing investment in development.
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