LEADING EDGE MATERIALS CO - LEMIF STOCK NEWS

Leading Edge Materials Corp. (LEMIF) announced the completion of the sale of its subsidiary, Bergby Lithium AB, to United Lithium Corp. (ULTH). The transaction, valued at approximately CAD 1.29 million, includes CAD 250,000 in cash, over 1 million ULTH shares, 400,000 purchase warrants, and a 2% net smelter returns royalty on the Bergby Lithium project. ULTH is committed to investing CAD 1 million on exploration before October 2022. The CEO expressed optimism about sharing future successes as shareholders, emphasizing ongoing projects in critical raw materials.

Leading Edge Materials Corp. (LEMIF) held its Annual General Meeting on April 21, 2021, with 44,678,571 shares voted, representing 30.40% of issued shares. Shareholders approved a board of three directors and re-elected all nominees with high approval rates: Lars-Eric Johansson (99.98%), Daniel Major (99.95%), and Eric Krafft (99.94%). Additionally, the ratification of a 10% rolling stock option plan and auditor appointment were approved. Post-meeting, key appointments were made, including Lars-Eric Johansson as Non-Executive Chairman.

Leading Edge Materials Corp. has provided a letter from CEO Filip Kozlowski highlighting the positive market shift for clean energy materials following the COVID-19 pandemic. The company raised $3.5 million in August 2021 and is conducting two preliminary economic assessments on its Swedish projects, Woxna and Norra Karr, aimed at enhancing economic viability and environmental efficiency. Woxna's production benefits from low-cost green hydropower, while Norra Karr is positioned to contribute to Europe's rare earth magnet supply chain. The company is focused on shareholder value creation.

Leading Edge Materials Corp. has announced its Annual General Meeting of Shareholders will be held on April 21, 2021, in Vancouver. Key agenda items include the CEO’s report, reviewing financial statements for the year ending October 31, 2020, electing directors, and appointing auditors. The record date for voting is set for March 17, 2021. Shareholders holding Euroclear Registered Securities must submit a voting instruction form through Computershare Sweden to participate in the voting process. Health precautions regarding COVID-19 encourage proxy voting.

Leading Edge Materials Corp. (TSXV: LEM, OTCQB: LEMIF) announced a collaboration with Forge Nano to develop graphite anode material coatings using Atomic Layer Deposition (ALD) technology. This partnership aims to upgrade flake graphite from Woxna mine into valuable active anode materials for lithium-ion battery producers in Europe. The coated graphite can fetch prices between $7,000 and $12,000 per tonne, compared to $3,000 for uncoated. ALD offers advantages like improved performance and reduced costs, positioning Woxna for future production.

Leading Edge Materials Corp. (LEMIF) has welcomed a recent announcement from the Swedish Government regarding a governmental review aimed at improving the permitting processes for critical raw materials. This review, led by a special reviewer, aims to address the increasing demand due to the green transition, particularly for industries like electric vehicles and wind power. The review is expected to complete by October 2022 and will explore a balance between local environmental impact and societal benefits, while ensuring investment attractiveness in Sweden.

Leading Edge Materials Corp. announced the appointment of Sanjay Swarup as its new CFO, effective immediately, replacing Nick Demare. Swarup brings over 25 years of experience in accounting and business consulting, including 15 years in the resource sector, and has served as CFO for several public companies. CEO Filip Kozlowski expressed optimism about Swarup's expertise aligning with the company's strategic focus on European projects. This leadership change is expected to enhance the company's efficiency in advancing its Swedish and Romanian projects.

Leading Edge Materials Corp. (OTCQB: LEMIF) announced a definitive agreement with United Lithium Corp. for the sale of the Bergby Lithium project. The deal includes CAD$250,000 in cash at closing, shares, and warrants with a total initial cash consideration of CAD$500,000. United Lithium will also invest CAD$1,000,000 in exploration on the project. The transaction allows Leading Edge to focus on its Woxna Graphite mine and Norra Kärr REE project amid rising prices for critical raw materials.

On September 29, 2020, Leading Edge Materials Corp. announced its participation as a founding stakeholder in the newly launched European Raw Materials Alliance (ERMA). This initiative, announced by the European Commission, aims to ensure sustainable access to critical raw materials, which are vital for the European Green Deal. ERMA will focus initially on rare earth and magnet value chains, creating platforms for investment and stakeholder collaboration to address regulatory bottlenecks. CEO Filip Kozlowski emphasized the alignment of the company’s projects with ERMA’s objectives.