ADX Energy: Secures $1.14m in COVID subsidy funding

ADX Energy Secures $1.14m in COVID subsidy funding

• ADX Energy (ADX) secures €782,157 (A$1.14 million) in COVID-19 pandemic subsidy funding from the Austrian government
• The subsidy was paid by COFAG, Austria’s financing agency that supports Austrian companies to reduce the economic disruption caused by COVID
• This is the second subsidy payment ADX has received with a €107,500 payment obtained for the period from March to June 2020
• This funding enables ADX to continue to build its Austrian business during a challenging period caused by COVID
• ADX is up 12.5 per cent on the market with shares trading at 0.9 cents