LEADING EDGE MATERIALS CO - LEMIF STOCK NEWS

Leading Edge Materials Corp. announced that the Court of Appeal in Sundsvall has denied the appeal against the extension of its Norra Karr exploration license. This license is confirmed to remain valid until August 31, 2025, allowing the company to continue its exploration activities. The company faced multiple appeals regarding this license, which are tied to the development of rare earth elements. CEO Filip Kozlowski emphasized that this decision secures tenure and supports ongoing investigations into the project's potential.

Leading Edge Materials Corp. has announced its Annual and Special Meeting of Shareholders scheduled for April 28, 2022, in Vancouver. Key agenda items include the presentation of the CEO's report, the review of financial statements for the year ended October 31, 2021, and the election of directors. Shareholders are encouraged to vote by proxy due to COVID-19 safety concerns. The record date for participation is March 23, 2022. Notably, Euroclear Sweden Registered shareholders will receive specific voting instructions separate from the meeting.

Leading Edge Materials Corp. (LEMIF) reports on its strategic focus amidst global challenges. Graphite demand is projected to triple by 2030 due to its role in lithium-ion batteries, and the company’s Woxna mine stands as a rare Western graphite source. Concurrently, the Norra Karr project is set to supply critical rare earth elements for electric vehicles, with market growth estimated at five times by 2030. Recent assessments indicate a post-tax NPV of $762 million for Norra Karr and $248 million for Woxna, emphasizing the company’s economic viability in a growing market.

Leading Edge Materials Corp. reported a net loss of $2,094,349 for Q1 2022, marking an increase from a loss of $554,925 in Q4 2021. This rise is mainly attributed to $1,421,437 in share-based compensation related to stock options granted during the quarter. The company is conducting an internal review to potentially restart production at its Woxna graphite mine in Sweden. Despite the losses, the company saw interest from shareholders, with $1,665,500 raised through options and warrants exercises. The company anticipates needing additional capital for future operations.

Leading Edge Materials Corp. has initiated an internal review to potentially restart production at the Woxna graphite mine in Sweden, driven by strong market conditions where flake graphite prices have surged by about 40% over the past year. The Woxna mine, one of the few built and permitted graphite mines in the West, has been on care and maintenance since 2014 due to adverse market conditions. A positive 2021 PEA indicated a post-tax NPV of US$248 million and an IRR of 37.4%. However, associated risks include uncertainties around mineral reserves and economic viability.

Leading Edge Materials Corp. (TSXV: LEM, OTCQB: LEMIF) has announced the granting of stock options to directors, officers, employees, and consultants. A total of 3,200,000 common shares are available at an exercise price of C$0.62, expiring in three years. The options vest 50% after one year and the remaining 50% after two years. This decision aligns with the Company’s Option Plan and highlights its commitment to incentivizing key personnel.

Leading Edge Materials Corp. (LEMIF) reported a net loss of $1,210,718 for the fiscal year ending October 31, 2021, a decrease from $1,721,821 in 2020. Significant highlights include a positive preliminary economic assessment for the Woxna Graphite project, showing a post-tax NPV of US$248 million and an IRR of 37.4%. The company also appealed a mining lease rejection for the Norra Karr project and entered into a joint venture agreement targeting advanced anode materials. The company anticipates the need for additional capital for future operations and projects while maintaining a working capital of $2,350,166.

Leading Edge Materials Corp. (LEMIF) announced a non-binding MOU with Sicona Battery Technologies to form a 50/50 Joint Venture in Sweden. This JV aims to produce advanced graphite-silicon composite anode materials for the European lithium-ion battery market, utilizing feedstock from the wholly-owned Woxna Graphite mine. The yearly production target is up to 20,000 tonnes, starting with a demonstration plant. Sicona's innovative technology boosts anode capacity by 50-100%, presenting a lucrative market opportunity. The project aligns with the growing demand for sustainable battery materials.

Leading Edge Materials Corp. (LEMIF) has announced its endorsement of the European Raw Materials Alliance's (ERMA) report titled Rare Earth Magnets and Motors: A European Call for Action, which aims to enhance the European supply chain of rare earth materials. The report delineates 6 strategic action areas, including identifying primary mining sources, exploring regulatory measures to incentivize eco-friendly mining, and establishing a financing platform targeting €150-200 million annually. CEO Filip Kozlowski expressed optimism about the implications for the Norra Karr Heavy Rare Earth project, aiming to secure sustainable raw material sourcing in Europe.