Barton Distributes $640,000 in JMEI Tax Credits
| Stock | Barton Gold Holdings Ltd (BGD.ASX) |
|---|---|
| Release Time | 23 Feb 2026, 9:22 a.m. |
| Price Sensitive | Yes |
Barton Distributes $640,000 in JMEI Tax Credits
- Barton awarded up to $1.49 million in JMEI tax credits for 2024/2025 financial year
- $643,183 in JMEI tax credits distributed to ~40 eligible investors who participated in June 2025 Placement
- Eligible investors received a JMEI tax credit of $0.15 for each $0.70 share purchased, an effective 21.4% additional investment return
Barton Gold Holdings Limited (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) has distributed a total of $643,183 in Junior Minerals Exploration Incentive (JMEI) tax credits to eligible BGD investors, following submission of its 2025 corporate tax return and approval from the Australian Taxation Office (ATO). The JMEI scheme enables eligible exploration companies to create refundable tax credits to distribute to Australian resident shareholders who acquire newly issued shares during the relevant time period. During 2024, Barton was advised by the ATO that its application for the 2024 / 2025 financial year's JMEI scheme had been successful, with up to $1,488,500 distributable tax credits allocated to the company. For the year ended 30 June 2025, Barton incurred $2,731,882 eligible 'greenfields' exploration expenditure, and generated $643,183 in distributable JMEI tax credits based upon its 25% corporate rate and tax loss of $2,572,732. These credits have been issued to Eligible Investors who participated in Barton's June 2025 $0.70 Placement of 4,285,722 new shares issued to raise $3 million, with zero costs or fees incurred. Eligible Investors in Barton's June 2025 Placement have received a JMEI tax credit of $0.15 for each $0.70 share purchased, reflecting an effective additional investment return of 21.4% for each dollar invested.