Investing

International Graphite Receives R&D Refund and Firms Up Cash Position

International Graphite Limited (ASX:IG6) is pleased to announce that it has received $1.3 million from the Australian Research and Development Tax Incentive Scheme for the 2023 financial year.

The R&D Refund is a valuable program that supports innovation in Australia and is a refund for research and development expenditure by the Company during FY2023. Receipt of the R&D refund provides International Graphite with additional working capital to support the execution of our strategy to develop an Australian battery anode material.

This announcement has been authorised for release by the Andrew Worland Managing Director & CEO

Click here for the full ASX Release

This post appeared first on investingnews.com

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