Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Labyrinth Receives $796,000 Refund From Quebec Government

by June 28, 2023
June 28, 2023
Labyrinth Receives $796,000 Refund From Quebec Government

Labyrinth Resources Limited (ASX: LRL) (‘Labyrinth’ or ‘the Company’) is pleased to advise that it has received a payment of CAD$698,171 (AUD$795,915) from Revenu Quebec following the Company’s submission for a resources tax credit (CIRR) earlier this year.

Revenu Quebec has also confirmed that Labyrinth will receive a further payment of CAD$141,537 (AUD$161,352) on 29 June 2023 under the refundable duties credit for loss (CDRP) process.

The refund relates to the Company’s exploration expenditure on its Labyrinth gold project in Quebec.

The increased cash balance ensures Labyrinth is well placed to continue advancing its high- grade gold projects in Canada and Western Australia, which boast JORC 2012 Mineral Resources of 500,000oz @ 5g/t and 96,000oz @ 4.8g/t1 respectively. Both deposits remain open at depth and along strike with very limited exploration conducted in over 15 years.

Click here for the full ASX Release

This post appeared first on investingnews.com
0
FacebookTwitterGoogle +Pinterest
previous post
Costco cracks down on membership card sharing
next post
Purepoint Uranium

Related Posts

Exceptional Uranium Results at Lyndon – 6,612ppm U3O8

April 22, 2024

Top 4 Vanadium-producing Countries (Updated 2023)

August 25, 2023

Top 9 Nickel-producing Countries

November 29, 2023

Klimat X Announces Joint Venture Agreement Terms with...

February 13, 2024

Nickel Creek Platinum

November 15, 2023

Liberty Gold to Spin Out Antimony Project, Establish...

February 17, 2025

Zimbabwe Shifts to Gold-backed Currency, Replacing Devalued Dollar

April 10, 2024

Getchell Gold Corp. Increases Fondaway Canyon Project Claim...

December 1, 2023

Robotics Stocks: 7 Biggest Companies in 2023

June 12, 2023

Adam Rozencwajg: Uranium at Inflection Point, Will Get...

October 10, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • A$4.5M Placement to Underpin Resource Growth Strategy

    • A$2.7m Equity Placement to Fund Laverton Drilling Campaign

    • Merger Discussions Between Brightstar and Aurumin

    • Element79 Gold Corp. Provides Corporate Guidance and Strategic Update for Remainder of 2025

    • Allied Critical Metals

    • Apple reveals complex system of App Store fees to avoid E.U. fine of 500 million euros

    Categories

    • Business (1,268)
    • Investing (2,619)
    • Politics (3,699)
    • Stocks (1,688)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved