Leading Edge Materials Terminates Liquidity Provider Agreement With Lago Kapital oy

Rhea-AI Summary

Leading Edge Materials Corp. has terminated its liquidity providing agreement with Lago Kapital Oy, effective October 31, 2022. Lago Kapital was appointed in December 2020 to enhance liquidity in the Company’s shares on Nasdaq First North Stockholm. The Company noted significant improvements in trading volume and shareholder numbers since the agreement's inception, leading to the decision that further services are unnecessary.

Leading Edge Materials specializes in critical raw material projects within the European Union, directly supporting the clean energy transition.

Positive

• Increased trading volume and shareholder count after engaging Lago Kapital.
• Company focuses on critical raw material projects linked to high-growth technologies.

Negative

• None.

Stockholm, September 13, 2022 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) has terminated the liquidity providing agreement with Lago Kapital Oy (“Lago Kapital”) ending on October 31, 2022.

Lago Kapital was appointed liquidity provider starting December 1, 2020, with the intention to promote liquidity in the Company’s shares listed on Nasdaq First North Stockholm. Since the appointment, trading volume and number of shareholders has increased significantly for the Swedish listing and the Company has hence evaluated that there is no further need for these services.

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

Filip Kozlowski, 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 September 13, 2022, at 11:00 am Stockholm 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” under applicable Canadian securities laws, including statements regarding 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 information. Investors are cautioned that any such forward-looking information is not a guarantee of future business activities and involves risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward-looking information 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

• 20220913 LEM terminates liquidity provider press release

FAQ

Why did Leading Edge Materials terminate its liquidity provider agreement with Lago Kapital?

Leading Edge Materials terminated the agreement due to significant improvements in trading volume and the number of shareholders, indicating no further need for the liquidity services.

What is the impact of terminating the liquidity provider on Leading Edge Materials' stock?

The termination of the liquidity provider may signal confidence in the company's trading volume and shareholder base, potentially stabilizing or increasing stock performance.

When will the termination of the liquidity agreement with Lago Kapital take effect?

The liquidity agreement with Lago Kapital will be terminated effective October 31, 2022.

What is Leading Edge Materials' focus in the market?

Leading Edge Materials focuses on developing critical raw material projects that support technologies for clean energy and battery production within the European Union.