Everest Metals joins $53M government research program
By Liezl GambeKey points
- Everest Metals Corporation joined the Critical Metals for Critical Industries Cooperative Research Centre initiative backed by $53 million in Australian Government funding.
- Shares of the company held flat following the release of the strategic project update.
- The group aims to accelerate metallurgical refinement and commercialise its rubidium extraction process at the Mt Edon Project.
Everest Metals Corporation (ASX:EMC) joined a federally supported research cooperative backed by $53 million in funding to advance critical mineral refining.
The partnership expands project support after Mt Edon gained inclusion in the Western Australian Government's 2026 Critical Minerals Prospectus.
The alliance gives the company direct access to technical specialists and research facilities to develop its proprietary mineral extraction methods.
EMC’s Executive Chairman and CEO Mark Caruso commented, "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."
Everest Metals stated that it plans to lodge a cash refund claim under the federal research incentive for the 2026 financial year.
Following the announcement, the Everest Metals share price was unchanged at $0.077.
The company focuses on developing its key Mt Edon critical mineral asset located in the Mid-West region of Western Australia.
Technical teams are actively testing and refining extraction flowsheets to recover commercial-grade rubidium and related critical metals.
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