Barton Allocated $1,488,500 in JMEI Tax Credits

Barton Gold Holdings Limited has announced the allocation of $1,488,500 in JMEI tax credits. These offsets are available to eligible investors who acquire new shares between 1 July 2024 and 30 June 2025. The Australian Taxation Office confirmed the allocation under the Junior Minerals Exploration Incentive scheme.

The JMEI credits will benefit Australian resident shareholders by offering refundable tax offsets or franking credits. The amount of credits issued will depend on the investor's payment for new shares and Barton's corporate tax rate. Distribution of credits is proportional to each investment, preventing streaming of credits to specific investors.

Factors such as the total number of new shares issued, allowable exploration expenditure, and Barton's tax loss will influence the credits each investor receives. Barton Gold MD Alex Scanlon acknowledged the ATO's support and highlighted the company's strong financial position, noting the extensive funding generated over the last three years.