Everest Metals (ASX:EMC) was awarded AU$150,000 in funding assistance from the Minerals Research Institute of Western Australia to support the development of rubidium extraction at the Mt. Edon critical minerals project located in the state, according to a Thursday Australian bourse filing.

The primary objective of the firm's project is to demonstrate the feasibility of consistently producing a kilogram of rubidium chloride per week at a target purity of 95% or higher. It is expected to be executed within 12 months.