R&D Tax Refund of $7.9M Received

Elixir Energy Limited (“Elixir” or the “Company”) is pleased to announce the receipt of a cash refund of $7.9M from the Australian Tax Office under the Research Development (“R&D”) Tax Incentive Scheme.

The refund is related to eligible R&D activities in FY 2024 incurred on Daydream-2. A further refund is expected next year in connection with expenditure incurred in the current financial year.

A short term loan secured against the R&D tax refund has been repaid in full.