Maximus Resources (ASX: $MXR) awarded $1.05m exploration tax credits

Maximus Resources Limited (ASX: $MXR) has successfully secured an allocation of up to $1,050,000 in refundable tax offsets/franking credits under the Federal Government's Junior Minerals Exploration Incentive (JMEI) scheme for the 2024/25 financial year. This allocation is available for potential distribution to eligible shareholders, following the completion of the $3.2 Million Entitlement Offer in May 2024. Australian resident shareholders who acquire newly issued Maximus shares between 1 July 2024 and 30 June 2025 are potentially entitled to receive JMEI credits.

Executive Commentary on JMEI Scheme and Maximus's Success

The JMEI scheme has been instrumental in encouraging investment in exploration companies conducting greenfield mineral exploration in Australia. We are pleased to have been awarded the allocation of up to $1,050,000 in tax credits, which reflects the government's support for our exploration activities. This will enable us to potentially distribute these credits to eligible shareholders, further enhancing our commitment to sustainable mining practices and community engagement.

Summary of Maximus Resources' JMEI Scheme Allocation

Maximus Resources Limited (ASX: $MXR) has been awarded an allocation of up to $1,050,000 in tax credits under the Federal Government's Junior Minerals Exploration Incentive (JMEI) scheme for the 2024/25 financial year. The company's success in securing these tax credits reflects the government's support for exploration activities in Australia. The potential distribution of these credits to eligible shareholders demonstrates Maximus's commitment to creating value for its stakeholders. With a focus on sustainable mining practices and community engagement, Maximus aims to unlock the value of its projects and deliver long-term benefits to its stakeholders.