$200K Research and Development Cash Refund

• $200K R&D cash refund received from Australian Taxation Office
• Approved R&D activities focused on rubidium extraction from Mt Edon Critical Mineral Project
• Continuing metallurgical testwork collaboration with Edith Cowan University's MRRC

Everest Metals Corporation Ltd (ASX: EMC) has received a Research and Development (R&D) cash refund of A$200,834 for the 2025 financial year, under the Australian Government's R&D Tax Incentive program. The successful R&D Tax Incentive application was approved for various activities conducted in FY2025 by the Company to develop a process for recovery and purification of rubidium from the Mt Edon Critical Mineral Project (M59/714) located in the Mid-West region of Western Australia. The Australian Government's R&D Tax Incentive program provides a refundable tax offset to companies undertaking eligible R&D activities, with the aim of encouraging investment in R&D, fuelling innovation and boosting Australia's global competitiveness. EMC's Executive Chairman and CEO Mark Caruso commented that the rebate will directly support ongoing purification testwork programs, which are being conducted in collaboration with Edith Cowan University's Mineral Recovery Research Centre (MRRC).