• $1,170,000 in JMEI exploration credits issued to eligible shareholders
• Credits issued for cash investments in new EMC shares between July 2024 and June 2025
• Effective JMEI credit rate of 18.89% for each dollar invested by eligible shareholders

Everest Metals Corporation Ltd (ASX: EMC) has announced that following the lodgement of the company's income tax return for the year ending 30 June 2025, it will issue a total of $1,170,000 in Junior Minerals Exploration Incentive (JMEI) exploration credits to eligible shareholders. The credits will be issued to Australian resident shareholders who participated in two capital raisings undertaken by the company during the relevant period, specifically a $2.2 million raising in July 2024 and a $3.993 million raising in December 2024. Eligible shareholders who participated in the $2.2 million raising will receive a JMEI exploration credit of $0.01889204 per share, reflecting an effective JMEI exploration credit rate of 18.89% for each dollar invested. Similarly, eligible shareholders who participated in the $3.993 million raising will receive a JMEI exploration credit of $0.02078125 per share, also reflecting an effective JMEI exploration credit rate of 18.89% for each dollar invested. The JMEI scheme enables eligible exploration companies to create refundable tax credits to distribute to eligible shareholders by forgoing a portion of their carried forward tax losses that have arisen from allowable expenditure on 'greenfields' exploration. Eligible shareholders will generally be entitled to a refundable tax offset or additional franking credits as a consequence of being issued the JMEI exploration credits.