Leading Edge Materials Announces Results of Annual General Meeting of Shareholders

Rhea-AI Summary

Leading Edge Materials (OTCQB: LEMIF) reported results of its April 23, 2026 Annual General Meeting. A total of 102,790,432 shares (40.70% of outstanding) were represented. Shareholders approved a Board size of three, a stock option plan authorizing up to 10% of issued shares, and appointed auditors. Three directors were re-elected with >99.8% support. The company granted 7,200,000 options at C$0.31, vesting 33%/33%/34%, expiring five years for directors/officers and three years for consultants.

Positive

• Board size fixed at three directors
• Stock option plan approved allowing up to 10% of issued shares
• Directors re-elected with >99.8% support
• 7,200,000 options granted at C$0.31 exercise price
• Auditor appointment confirmed for ensuing year

Negative

• Shareholder turnout was 40.70% of outstanding shares
• Option plan could permit up to 10% dilution of issued shares

News Market Reaction – LEMIF

-5.56%

-5.56% Session close to close

In the Apr 28 session, LEMIF declined 5.56%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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LEADING EDGE MATERIALS ANNOUNCES RESULTS OF
ANNUAL GENERAL MEETING OF SHAREHOLDERS

Vancouver, April 28, 2026 – Leading Edge Materials Corp. (“Leading Edge Materials” or the “Company”) (TSXV: LEM) (Nasdaq First North: LEMSE) (OTCQB: LEMIF) (FRA: 7FL) announces the results of the Company’s Annual General Meeting of Shareholders held on April 23, 2026 (the “Meeting”).

A total of 102,790,432 common shares were represented in person or by proxy at the Meeting, representing 40.70% of the votes attached to all outstanding common shares of the Company as at the record date. All the matters submitted to the shareholders, as set out in the Notice of Meeting and Information Circular dated March 19, 2026, were voted in favour, including: (a) fixing the size of the Board of the Company to three; (b) the approval of the stock options plan, pursuant to which the Company may grant stock options up to 10% of its issued and outstanding common shares at the time of grant; and (c) the appointment of D&H Group LLP, Chartered Professional Accounts, as the auditors of the Company for the ensuing year.

Messrs. Lars-Eric Johansson, Daniel Major and Eric Krafft were re-elected to serve as directors of the Company, with the percentage of votes cast for each director as follows:
  

Nominee	Votes For	% For	Votes Withheld	% Withheld
Lars-Eric Johansson	102,626,965	99.84	163,467	0.16
Daniel Major	102,780,897	99.99	9,535	0.01
Eric Krafft	102,629,192	99.84	161,240	0.16

Additional details of the results of the Meeting are provided in the Report of Voting Results filed under the Company’s profile on SEDAR at www.sedarplus.com

The Company also announces granting of stock options (the “Options”) to directors and officers of the Company to purchase an aggregate of 7,200,000 common shares (the “Optioned Shares”) of the Company, at exercise price of C$0.31 per Optioned Share, expiring on the date that is 5 years from the date of grant for directors and officers and three years from the date of grant for consultants. The Options will vest 33% on the date of the grant, 33% one year after the date of grant and 34% two 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.

Kurt Budge, CEO

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

Corporate Head Office (Vancouver, Canada): 778-686-5357

Follow us
X: https://x.com/LeadingEdgeMtls
LinkedIn: https://www.linkedin.com/company/leading-edge-materials-corp/

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, permanent magnets for electric motors and wind power, and defense applications. The portfolio of projects includes the 100% owned Woxna Graphite mine (Sweden), 100% owned Norra Karr Heavy Rare Earth Elements 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 April 28, 2026, at 9:30 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”. Svensk Kapitalmarknadsgranskning (“SKMG”) is the Company’s Certified Adviser for the Nasdaq First North Growth Market (Stockholm) and may be contacted via email ca@skmg.se or by phone +46 (0)8 913 008.

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

• 2026-04-28 LEM NR AGM Results Final

FAQ

How many votes were represented at Leading Edge Materials' April 23, 2026 AGM (OTCQB: LEMIF)?

A total of 102,790,432 common shares were represented, equal to 40.70% of outstanding votes. According to the company, that figure reflects in-person and proxy votes at the meeting.

What did shareholders approve regarding Leading Edge Materials' stock option plan (OTCQB: LEMIF)?

Shareholders approved a stock option plan authorizing grants up to 10% of issued shares. According to the company, options will be issued under that plan subject to plan terms and regulatory approvals.

How many stock options did Leading Edge Materials grant and at what price (OTCQB: LEMIF)?

The company granted an aggregate of 7,200,000 options at an exercise price of C$0.31. According to the company, options vest 33% at grant, then 33% after one year and 34% after two years.

When do the granted options for Leading Edge Materials expire (OTCQB: LEMIF)?

Options for directors and officers expire five years from grant; consultant options expire three years. According to the company, vesting is staged 33%/33%/34% over two years.

Who was re-elected to the board of Leading Edge Materials at the 2026 AGM (OTCQB: LEMIF)?

Messrs. Lars-Eric Johansson, Daniel Major, and Eric Krafft were re-elected as directors, each receiving over 99.8% of votes cast. According to the company, vote tallies are filed on SEDAR+.