LEADING EDGE MATERIALS ANNOUNCES APPOITMENT OF GENERAL COUNSEL AND GRANT OF STOCK OPTIONS

Rhea-AI Summary

Leading Edge Materials Corp. has appointed Stefan Derksen as its new general counsel. Derksen, a Dutch national with extensive legal experience, previously worked at De Brauw Blackstone Westbroek and founded his firm, STAUNCH. The company also granted stock options to officers and consultants to purchase 700,000 common shares at an exercise price of C$0.20, expiring in five years, with specific vesting schedules. This strategic appointment and stock option grant come as the company continues to focus on its portfolio of critical raw material projects in the European Union.

Positive

• Appointment of experienced legal counsel may enhance corporate governance.
• Grant of stock options aligns interests of management with shareholders.

Negative

• None.

LEADING EDGE MATERIALS ANNOUNCES APPOITMENT OF GENERAL COUNSEL AND GRANT OF STOCK OPTIONS

Vancouver, November 3, 2022 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) announces that it has appointed Stefan Derksen as general counsel for the Company. Mr. Derksen is a Dutch national qualified to practice law in the Netherlands. He worked as a senior lawyer in the Dutch law firm De Brauw Blackstone Westbroek before founding the litigation and arbitration boutique firm STAUNCH in 2021. In addition to an LLM degree from Utrecht University he holds an MSc degree in International business (finance major) from Tilburg University.

The Company also announces granting of stock options (the “Options”) to officers and consultants to purchase an aggregate of 700,000 common shares (the “Optioned Shares”) of the Company, at exercise price of C$0.20 per Optioned Share, expiring on the date that is 5 years from the date of grant. The Options will vest 33% one year after the date of grant, 33% two years after the date of grant and 34% three years after the date of grant. The Options were issued pursuant to the terms of the Company’s Option Plan.

On behalf of the Board of Directors,
Leading Edge Materials Corp.

Eric Krafft, Interim CEO

For further information, please contact the Company at:
info@leadingedgematerials.com
www.leadingedgematerials.com

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About Leading Edge Materials

Leading Edge Materials is a Canadian public company focused on developing a portfolio of critical raw material projects located in the European Union. Critical raw materials are determined as such by the European Union based on their economic importance and supply risk. They are directly linked to high growth technologies such as batteries for electromobility and energy storage and permanent magnets for electric motors and wind power that underpin the clean energy transition towards climate neutrality. The portfolio of projects includes the 100% owned Woxna Graphite mine (Sweden), Norra Karr HREE project (Sweden) and the 51% owned Bihor Sud Nickel Cobalt exploration alliance (Romania).

Additional Information

The information was submitted for publication through the agency of the contact person set out above, on November 3, at 8:15 am Vancouver time.

Leading Edge Materials is listed on the TSXV under the symbol “LEM”, OTCQB under the symbol “LEMIF” and Nasdaq First North Stockholm under the symbol "LEMSE". Mangold Fondkommission AB is the Company’s Certified Adviser on Nasdaq First North and may be contacted via email CA@mangold.se or by phone +46 (0) 8 5030 1550.

Reader Advisory

This news release may contain statements which constitute “forward-looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this news release.

Attachment

• 20221103 LEM Announces Appt of Gen. Counsel and Grant of Stock Options

FAQ

What recent leadership change occurred at Leading Edge Materials?

Leading Edge Materials appointed Stefan Derksen as general counsel on November 3, 2022.

What stock options were granted by Leading Edge Materials?

Leading Edge Materials granted stock options for 700,000 shares at an exercise price of C$0.20, expiring in five years.

How do the stock options at Leading Edge Materials vest?

The stock options will vest 33% after one year, 33% after two years, and 34% after three years.

What is the stock symbol for Leading Edge Materials?

Leading Edge Materials trades under the ticker symbol LEMIF on the OTCQB.