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- EMC accepted as key partner of Australian government-backed CMCI CRC
- Partnership provides opportunities to access specialist research expertise
- Mt Edon selected for inclusion in WA government’s 2026 Critical Minerals Prospectus
- Project FY2026 expenditure associated with development of company’s proprietary rubidium developments
Everest Metals Corporation (ASX: EMC) has been accepted as a key partner of Australia’s Critical Metals for Critical Industries Cooperative Research Centre (CMCI CRC).
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The CMCI CRC is a national research initiative supported by $53 million of Australian government funding to advance the development and commercialisation of critical minerals refining technologies.
The partnership provides EMC with opportunities to collaborate with leading research organisations, industry participants and technical specialists, complementing the company’s ongoing metallurgical and processing development activities at its Mt Edon critical mineral project in WA’s Mid-West region.
The announcement follows Mt Edon’s selection for inclusion in the WA government’s Critical Minerals Prospectus, which showcases critical minerals projects to potential investors, offtake partners and strategic collaborators.
EMC will also lodge a claim for a cash refund under the Australian government’s research and development (R&D) tax incentive program for the financial year ended 30 June 2026. The claim relates to research, and development activities undertaken to advance the recovery and purification of rubidium from Mt Edon and remains subject to the applicable assessment and payment processes.
Executive chairman and CEO, Mark Caruso, said together, these developments support EMC’s strategy to advance Mt Edon’s technical development through research collaboration, increased strategic engagement and the pursuit of non-dilutive financial support.
“Our focus at Mt Edon is on turning a significant critical minerals resource into a commercially viable opportunity. Establishing the resource is only part of that process. Developing the right extraction technology, building industry relationships and identifying potential commercial partners are equally important,” Mr Caruso said.
“We are taking a disciplined approach to this next stage, leveraging external expertise and funding opportunities wherever possible rather than relying solely on shareholder capital. Our priority is to build a technically robust and commercially attractive project that can deliver long-term value for shareholders.”
EMC was steady at 7.7¢ with a Mkt cap of $20.76M.
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