Elixir Energy Limited (“Elixir” or the “Company”) is pleased to announce the receipt of a cash refund of $7.9M from the Australian Tax Office under the Research Development (“R&D”) Tax Incentive Scheme.
The refund is related to eligible R&D activities in FY 2024 incurred on Daydream-2. A further refund is expected next year in connection with expenditure incurred in the current financial year.
A short term loan secured against the R&D tax refund has been repaid in full.
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