Cobalt Blue Holdings Limited (ASX: COB) Research and Development Advance Loan Facility and CMAI Instalment Receipt
Summary
, - (ABN Newswire) - (ASX:COB) (HAM:COH) (OTCMKTS:CBBHF) is pleased to announce that it has secured by way of an advance on its forecast Research and Development Tax Incentive (R&DTI) refund for the 2025 financial year (FY25).The advance will provide additional capital to assist with finalisation of the production flowsheet for the .The advance has been provided under a short-term loan facility with , a leading Research and Development finance provider, and is secured against the Companys R&DTI refund from the ATO for FY25. The advance will accrue interest at 1.44% per month and repayment is timed to coincide with receipt of the Companys 2025 R&D tax refund, expected no later than . Together with the proceeds from the short-term loan facility with , these funds bring COBs total cash and equivalents on hand to as at . (ASX:COB) (FRA:COH) (OTCMKTS:CBBHF) has a strategic approach that positions us to be among the first wave of new entrants into the allied battery materials supply chain. We are committed to playing a leading role in securing a stable and sustainable future for critical minerals.